As much as we ego-driven, type-A real estate agents, who have survived this epic down market and are still doing at least some business, don't like to admit it, times are tough. An article in the 11/28/2010 Commercial Appeal about agents supporting each other brings the point home. It's a bit disheartening to pay the ad costs and do the preparation for an open house, only to have no one show up; or try to explain to a home seller why her competitively priced house has been on the market for 2 months without a showing; or have to tell a potential seller that they are so far underwater that they will have to look at a short sale to get out of their house, or else figure out a way to stay for a while. It seems that any conversation I have with other real estate professionals gets to, "It's just not fun anymore." .........Read more at http://memphisrealestatebuzz.com/2010/11/30/its-time-we-come-to-grips-with-the-memphis-real-estate-market/
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