Archives for 2009

There are tons of real estate brokers who know much more about the biz than I; however, they are off doing other things. Perhaps they don’t enjoy writing or sharing their knowledge. Maybe they would rather spend their spare time fishing or golfing. That being said, I love sharing my thoughts, and the perfect pastime for that type of person is writing a blog!

2009 Real Estate Forecast: Troubles Spread by Prashant Gopal (BusinessWeek).

An interesting article. Highlights include:

• Wealthier neighborhoods that avoided subprimes may be hurt this upcoming year.
• Already hurt markets (like Las Vegas and California) shouldn’t slide as much as before because they’ve already fallen so much.
• Unemployment will make more of an impact, especially in Texas (energy sector) and Charlotte, NC (financial sector).
• Some places (DC, San Diego, Boston, and Orange County) might start to recover due to people picking up low prices.