At a recent international real estate conference that I attended, realtors from other secondary home/discretionary areas, including hard hit Spain, were noting that tiny baby steps of uptick in sales volume were being detected…just since end of August, so it’s very recent, indeed.
Some saavy and major developers, in Canadian cities, are also newly targeting early Spring as going to be very different, on an upward momentum, for sales volume if not prices, in spite of continuing media reports of impending double dip concerns for the U.S. economy, over supply of inventory in many sunbelt states, and jobless numbers increasing.
It’s almost a given that what used to work won’t anymore, and what is emerging as the new paradigm will work. This is true of the real estate industry, too. Franchise models are in disarray, the entire mls system in Canada is dramatically changing, for the benefit of consumers, (a.k.a., the “enduser“) and the sacrosanct referral system of old is vanishing as a key element in a real estate agent’s business model
A recent Time Magazine (U.S. Edition) article drew attention to parallel universes in economic conditions: digital worlds (iphone 4, ipad, etc) being one kind of Jobs report, and manufacturing aspects being an opposite jobs report. One more example of the schism between the known of the 20th and the unknown of the 21st centuries.
It’s almost a given that what used to work won’t anymore, and what is emerging as the new paradigm will work.
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