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From the StarPower Conference: Reasons for optimism in the current real estate climate

From Howard Brinton’s closing remarks tonight at the StarPower Conference, here are Gregg Neuman‘s Top Ten Reasons for Optimism:

  • 10. 3,600 fewer agents in my market
  •   9. Downward pressure on commissions is gone
  •   8. Developers/builders welcoming us again
  •   7. Discount brokerages vanishing
  •   6. FSBOs are extinct or nearly so
  •   5. Foreclosure/short sale market thriving
  •   4. Great market for buyer’s agents (you can negotiate)
  •   3. Declining prices opens market to more first-time buyers
  •   2. Sellers willing to listen to reality
  •   1. Sellers need us now and THEY know it

Realtor optimism, yes. For sellers, not so much. But it is a real improvement over crying in your beer that times are tough.

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  • 4 comments

    4 Comments so far

    1. Jeff Brown July 29th, 2007 12:09 am

      Greg – #7 of course was predictable. This is maybe the fourth time we’ve seen them sweep onto the scene then quietly, like steam in the air – disappear.

      He’s from my town and has been a killer producer a pretty long time. It’s easy to understand why he’d choose optimism. What’s his alternative? :)

      That said, don’t you think with the shrinking competition he’s facing now, rising commission rates, and builders with better attitudes, that the next 18 months might be the best he’s had since ’04?

    2. Kris Berg July 29th, 2007 7:39 am

      Gregg is our local equivalent of Russell Shaw – I would listen to what he has to say.

    3. Kevin Duffy July 30th, 2007 5:23 am

      Thanks for the conference info! I have been trying to find the 1st post that was not a supplier and you had it! I was not able to be there and was real thirsty for the food I get at Star Power!

      Kevin Duffy
      ReMax Unlimited
      http://www.CincinnatiHomeBlog.com

    4. Greg Swann July 30th, 2007 8:01 am

      > I was not able to be there and was real thirsty for the food I get at Star Power!

      Stick around. One by one, we’re going to document to ideas we put together during our StarPower experience.