Tuesday, May 26, 2009

Experts Say Real Estate Industry Is Thinning

As news like this hits the airwaves, I want to make sure you know that I am not going anywhere! I love what I do and I am not going to stop now! I have worked to hard to get here!


Daily Real Estate News | May 26, 2009 | Share

Some people are predicting that the current slump in real estate sales will mean a permanent thinning of the ranks among real estate professionals.

"The real estate brokerage industry is not going away, but the combination of efficiency gains via the Internet and the cyclical downturn will both be significant forces to their rapidly shrinking ranks," said Stuart Gabriel, director of UCLA's Ziman Center for Real Estate.

Other observers are not so sure. Yes, the Internet and the economy are having an impact on housing sales and the way some practitioners do business, but it won’t reduce the need for savvy advice, says David Emerson, an associate with Prudential California Realty with 25 years experience.

“Buying a house is a big deal,” he says – and the paperwork alone is enough to make many buyers avoid the do-it-yourself approach.

Source: The Los Angeles Times, Ricardo DeAratanha (05/25/2009)

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