Even during the worst part of the Great Recession, between 4 and 5 million homes sold for 5 straight years. Combine that with the normal attrition rate of real estate agents and the agents who left in droves because they weren’t committed to the business and you have a real estate market that still leaves tremendous potential for an agent who’s committed to doing the work to get homes sold.
It’s going to be tough sledding for the next several months, maybe even a year or two. But as with every downturn, there’s money to be made in real estate.
There will likely be more short sales and foreclosures. Prices are going to fluctuate. Mortgage terms are going to change, making getting a loan harder. But in the end, well-priced listings are going to sell and buyers are going to buy them.
The question is, are you going to be an active and willing participant who benefits from these sales or are you going to continue to struggle until the market corrects itself. The opportunity for success is there. Are you going to choose to take it?