How a Down Market Happens
I recently met with a potential client who blamed real estate professionals as the reason for his house not selling for the last 9-years, and more broadly, as the reason for the down market itself. At first, I was quick to dismiss his complete lack of respect for agents, then I started thinking about how a down market happens. In a down market, there are many contributing factors such as a buyer’s job security, the financial markets and how they’re performing, bonus structures (in my NYC...