Until recently, all you heard about the real estate market was bad news. Prices dropping, over supply of inventory, excess bank foreclosures, short sales, etc. Income fell by 35 percent for real estate agents on average. Times were tough. Since the peak of the market in July 2007, thousands of real estate agents left the business and the interest in getting into real estate died.
That trend is reversing. It’s actually a great time to be in real estate sales. Home prices have increased month over month for the last 8 months, interest rates are still at historic lows, buyer demand is strong, bank foreclosures and short sales are down dramatically (35% of overall sales compared to 65% just 2 years ago) and new home inventory is on the rise. (more…)