Thursday, April 03, 2008

It's a jungle out there 

I haven't seen the survey yet, but a KNSI news report says it's getting harder for area real estate professionals:
When he asked where they see themselves in five years. 59 percent of mortgage bankers say they would stay in their field, compared to 91 percent in 2005. In 2005, 100 percent of assessors said they would keep the same career, compared to 86 percent last year.

Professor of finance, insurance and real estate Steven Mooney says professionals are not expecting an improvement in the next three years. Most are rating the market as �poor to average�. A big contrast to just two years ago; not a single respondent described the market as �poor�.
The only thing I find really striking about that is the degree to which opinion seems to move in a herd-like fashion.

I'll drop Steve a note and ask if I can see the survey.

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