Wall Street Journal columnist Cyril Moulle-Berteaux predicts the real estate slump will end in 2008, in his recent opinion column The Housing Crisis is Over. He makes a very good argument for his opinion, reminding us that the current housing bust is now nearly 3 years old! Hard to believe, isn't it? 2005 saw the peak of it all, when we were getting 50 leads a day and realtors were little more than order-takers. Here it is in mid 2008, and real estate agents everywhere have left their careers, many because they came on board when they didn't have to SELL, but do little more than answer the phone, reply to emails, and cherry-pick the leads. According to the journalist, New Home sales are now down 63% from then, and new construction is less than 1/2 of what it was, back to the levels o...
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