The housing market and real estate industry is in a slump, brought on in most part by bad economic decisions, risk taking and overspeculating. But instead of assigning blame, its now time for all role players and affected parties to stand together and the economy on a path to recovery, however long that might take.
The economic downturn has hit the housing market hard, affecting all segments of the industry and resulting in a downward spiral of foreclosures, mortgage debt, and shortsales. While government, financial institutions, corporates, and lawmakers have begun intervening to jumpstart a recovery process, a solution is a long way off and agents and brokers need to be aware of the challenges and be able to navigate difficult situations to facilitate any future buying and selling processes.
In the rapidly growing digital age, how consumers receive information is everchanging. Real estate agents and brokers need to move away from oldfashioned ways of marketing their businesses and listings and learn to use and embrace the tools of technology.
At the start of 2010 commercial real estate was a ticking timebomb creating huge challenges and potential opportunities for investors and those real estate professionals engaged in the market. This report details the state of affairs in the commercial real estate market at the time.
At the start of 2010 the real estate industry faced an economy that was struggling to find a way out of the recession, a bunch of aggressive government bailouts had been propping up the market that at the same time was utilizing taxpayer dollars to restock the corporate bank accounts. This report presents various views of what may lay ahead for the economy.
The US is in the longest housing shortage in the modern era.