{"id":2978,"date":"2008-04-16T15:37:03","date_gmt":"2008-04-16T22:37:03","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=2978"},"modified":"2008-04-16T15:39:39","modified_gmt":"2008-04-16T22:39:39","slug":"if-90-of-the-buyers-go-away-will-90-of-realtors-go-away-as-well","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2978\/if-90-of-the-buyers-go-away-will-90-of-realtors-go-away-as-well\/","title":{"rendered":"If 90% of the Buyers Go Away Will 90% Of Realtors Go Away As Well?"},"content":{"rendered":"

\"Supply\u00a0<\/h1>\n

Nearly 90% of consumers recently polled say they are not interested in buying a home any time soon.\u00a0 A joint poll of the Associated Press and AOL<\/a> indicated that the recovery of the housing sector will not be any time soon if the retail American consumer has anything to say about it.<\/p>\n

60% of those polled stated that they were DEFINITELY <\/strong>not going to buy a home anytime soon while just 0ver 10% said they would be looking to purchase a new home in the near future.<\/p>\n

You don’t have to be a mathematical genius to see that there is a tremendous amount of inventory available for a very slim and decreasing demand. If supply and demand ideology is true, then it is safe to say that there are going to be an overwhelmingly increasing number of unsold homes.<\/p>\n

Since unsold homes equates to unearned commissions, what are the majority of real estate agents going to do? Earlier this year, we wrote what was viewed as an inflammatory article announcing the NAR Going Out Of Business Sale<\/a>. Doesn’t sound too far fetched anymore does it?<\/p>\n

Don’t Believe It’s A Going Out Of Business Sale…Then Somebody’s Lying To You!<\/a><\/p>\n

While this news of prospective buyers not wanting to purchase any homes is somewhat disconcerting, it’s not the main reason to be alarmed. It’s merely a by product of a continued misunderstanding of the simple economic precept of supply and demand<\/a>.<\/p>\n

Many current home sellers do not understand it, and many listing agents do not understand it. It is my opinion that if this theory was more understood and accepted, then it is possible that the housing market would not be in the state that it is.<\/p>\n

The Laws of Supply and Demand\u00a0represent the cornerstone of economics and\u00a0these laws are\u00a0the basis for a free market economy. DEMAND <\/strong>is based upon how many buyers are interested in acquiring a certain product or service AND<\/strong> how much of that service or product they are interested in consuming. The latter part of that statement is often overlooked.<\/p>\n

When planning to bring a product or service to market it is prudent to have a good Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0 Nearly 90% of consumers recently polled say they are not interested in buying a home any time soon.\u00a0 A joint poll of the Associated Press and AOL indicated that the recovery of the housing sector will not be any time soon if the retail American consumer has anything to say about it. 60% of […]<\/p>\n","protected":false},"author":37,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-2978","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-real-estate","8":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":17489,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17489\/overnight-news-a-helpful-hint-for-redfins-pollsters-all-testimony-is-deceptive\/","url_meta":{"origin":2978,"position":0},"title":"Overnight News: A helpful hint for Redfin\u2019s pollsters: All testimony is\u00a0deceptive.","author":"Greg Swann","date":"November 19, 2020","format":false,"excerpt":"We just went through an yet another election demonstrating that polling is useless \u2013 most especially where the person being polled has reasons to deceive the pollster. Redfin didn't poll, it just inferred, but if demand for second homes is booming, that could mean three things, not just one: 1.\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1752,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1752\/wagging-the-dog-at-the-carnival-of-real-estate\/","url_meta":{"origin":2978,"position":1},"title":"Wagging the dog at the Carnival of Real Estate","author":"Greg Swann","date":"August 6, 2007","format":false,"excerpt":"Our policy is that Cathleen Collins chooses our nominees for real estate carnivals. I trust her to be objective, particularly about my posts. The contributors are polled for nominations on Saturday night, with their suggestions going to Cathy. Sometimes I overrule her, and sometimes she asks me to cover for\u2026","rel":"","context":"In "Blog Carnivals"","block_context":{"text":"Blog Carnivals","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blog-carnivals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5419,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/5419\/ill-show-you-my-electoral-college-map-if-youll-show-me-yours\/","url_meta":{"origin":2978,"position":2},"title":"I’ll show you my electoral-college map if you’ll show me yours…","author":"Greg Swann","date":"November 4, 2008","format":false,"excerpt":"I made this map last week, and I might change it a little if I were redoing it tonight. I'm not for McCain (although I am decidedly against Obama), but here I am simply illustrating in red those states I would be very surprised to see McCain lose tomorrow. If\u2026","rel":"","context":"In "Big Mother"","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6185,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/6185\/pictures-still-sell\/","url_meta":{"origin":2978,"position":3},"title":"Pictures Still Sell","author":"Brian Brady","date":"December 20, 2008","format":false,"excerpt":"From Constant Contact: ConnectUp!SM Poll Do you have an online profile that you keep current on networking sites? I have one that I don't actively use 6.54% I primarily use Facebook 38.69% I primarily use LinkedIn 38.32% I primarily use something other than LinkedIn or Facebook 3.74% I don't have\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18385,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18385\/overnight-news-consider-how-much-better-everything-could-be-if-we-only-had-the-constitution-we-were-promised\/","url_meta":{"origin":2978,"position":4},"title":"Overnight News: Consider how much better everything could be \u2013 if we only had the Constitution we were\u00a0promised.","author":"Greg Swann","date":"August 11, 2021","format":false,"excerpt":"The Federal government has no Constitutional power to police commercial transactions. 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