More Good Economic News
Got my new Business 2.0 Magazine. The subheads read: New Studies say "Everyone's Out Looking"; & The Latest Data Says: "Everyone's Hiring"
Back when I was selling houses, the market dropped 30% in value. Over 10% interest was a normal loan rate, and unemployment was very high.
Today, unemployment is lower than ever. Rates are still historically low. So with great economic news, can real estate really burst? I doubt it.
I think a bigger problem with real estate is the competition than the real estate market. In California, there is 1 agent for every 75 people. This may make some agents feel like there is a tough market.
NAR says that there is only 6 sides represented per agent. That can make a market look worse than it really is.
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