The National Association of Realtors NAR has had a drop in membership of 3.5% and Keller Williams Realty has had a increase in 8.5% in membership. Keller Williams Realty is setting the trend and pace for much larger opportunity.
Steve Murray is quoted at Mega Camp that there is a huge wave of Shadow Listings that are to come on the market in the next few months. These are homes that have not been foreclosed on that the owner is not paying the mortgage and are soon to go to the courthouse steps. He said we are about to see the largest buyers market in the history of our lives. I think this is something that Texas saw in the mid to late 1980′s of foreclosures as a buyers market. These are deferred foreclosures and Steve said that the majority will be located in Arizona, Florida, Nevada, and California. I also believe that we will have our UN-Fair share right here in Austin Texas and surrounding communities.
Each day I find more and more families that are not working and struggling to make ends meet. This is a very tough market and defining moment when the stresss mounts this fall and many find themselves too far behind and can’t catch up.
Call 512-794-6635 for questions you have about our local real estate market for Homes for Sale.
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