The market in general lately good or bad?

**newguy** · 08-13-2007, 09:16 PM

I have talked to a couple of brokers and have learned that the subprime lending region has taken a hit, and I was wondering if this has caused sales to go down, or whats everyones opinion about this. I am not a realtor yet, I know the above because I was looking to purchase my first home and spoke to a few brokers in shopping.Or if anyone can enlighten how the market is in the Northwest Indiana sector near Chicagoland. I plan on possibly joining with a company that I see alot of signs in peoples yards but I would say its a regional company. (Mccolly).

**gjtrafl** · 08-21-2007, 07:22 PM

In general it is a tough time to start in real estate. However, everyone is different and everyone can be successful. One thing is for sure, if you can make it in this market, you can make it in any market.

Ask a lot of questions and if you think you are up to the challenge, then go for it!

**Shaune** · 08-21-2007, 09:42 PM

define bad market. Right now in SW Florida, homes have over 6 months of marketing time, asking prices are getting lower and lower to curve the marketing time, forclosures are rising, new developments are offering $100,000 discounts...

Seems as though it is a perfect time to buy homes at bargain!

**Malok** · 08-22-2007, 05:18 AM

In general, tough time to be starting out unless you have some sort of built in system for generating business (friends, family, son of a builder, loved by all in your city, etc, etc).

That being said -the agents that are successful, are EXTREMELY busy right now. Its a great time to buy as a general rule across most parts of the country.

On the other hand, the agents that were just getting by, seem to be having a very hard time of it.

**Codythebest** · 08-22-2007, 02:42 PM

Beside, it's not the market that makes you successful, it's yourself....

**rama1** · 08-23-2007, 05:55 AM

Couldn't agree with Codythebest more! However, to start something is always difficult. This forum is one of the sources of practical information. Something to learn.

**IggysListing** · 09-12-2007, 11:25 AM

It is a great buying opportunity.
The others advice above is good. The slackers will fall by the
wayside and the serious agents will always do well.

**MrsSea** · 09-20-2007, 07:23 AM

As many things as I have heard in the last few months, nobody has said "The market is great!" However, I am more and more now starting to hear agents and borkers say the market is pretty decent or it's getting better. In my class last week the office manager said that this is a very good time for us to become agents...that being said, my goal is to become an agent who can sell and be consistenly successful no matter what the market is like!

**panamamalcolm** · 10-25-2007, 01:36 PM

Listen,
There are always properties being built and always people wanting to occupy them dependent on price and comfort level, as with anything else, the key is contacts....using your head and providing realistic pricing on properties dependent on the needs and spending prowess of the client...there is no point putting your head in the clouds and reaching for the unattainable, be frank and keep your nose to the ground....you can do it.

**Jon Brady** · 10-31-2007, 11:16 AM

It's not bad, it just looks that way because of how crazy it was the last couple years. The market is just leveling itself out.

I live in your area, I sent you a PM.