Thinking back on it, I probably could have picked a better time in American history to become a Realtor. When I passed my license exam in 2006, I remember the real estate news headlines were mentioning topics like sub-prime mortgages, short sales, foreclosures rising, possible housing bubble burst and the U.S. economy faltering. Hmmm…
A couple of years later, an agent in my office showed me the sign he made from a cardboard box that said “HUNGRY REALTOR- WILL WORK FOR LISTINGS”. He was joking….right?
During that first five and a half years of my RE career, I think I learned more about what a “distressed market” is than anyone would care to. I had to quickly educate myself on short sales, foreclosures, loan modifications, government programs, legal issues, tax consequences, local market issues, the overall economy. I distinctly remember that none of those topics were on the real estate exam! Hmmm….
I found myself sitting on prospective clients couches numerous times, watching them tear up as they talked about the fear of losing their home. My job had become one Realtor, and counselor as people shared their emotions and reached out for my opinion. People were truly in distress. Many of these meetings resulted without a paycheck for me, but I was proud to have played an important role in guiding them with their options.
…and then January of 2012 came. There were not as many clouds in the sky, even here in Portland…did you notice? The news headlines started using phrases like “market stabilizing” and “sales increase”, “possible bottom” and even “Inventory Shortage”…go figure!
My business is much, much better this year. This will be my best year yet as a Realtor. My clients include active investors, excited first time buyers and optimistic sellers, all expressing hope. On top of that, I’m seeing that all of the professionals associated with the real estate business are very busy… realtors, lenders, contractors, title companies, appraisers, home inspectors, etc. I realize the market and many people still have healing to do, but all I can say right now is…whew, what a relief.
Thanks for reading FRESH BLOG….Oh, and here are a few 2012 headlines:
HOME PRICES CONTINUE TO RISE
US HOME PRICES EDGE UP IN MAY
HOME VALUES RISE FIRST TIME IN 5 YEARS
HOUSING MARKET TURNS CORNER
MORTGAGE RATES DROP AGAIN
PORTLAND’S RESIDENTIAL MARKET IS SIZZLING
BANKS SPEEDING UP SHORT SALE PROCESS
BUILDER CONFIDENCE EDGES UP IN JUNE