1983 VERSUS 2009

Every day, I get the same questions: Is business really bad? Are you wearing cardboard in your shoes yet? Probably can not afford to get away?

I always have the same answer: The real estate business is not as bad as the media thinks or tries to scare people into thinking how bad it must be. The next statement I informed the person with is Andrew, Lisa & I had 118 closings last year. This is excellent since we do not specialize in foreclosed homes, like many agents. This year so far our closings are tied with 2008 and we have 18 contract pendings preparing to close.

This photo was found by Tim Cocanour, from 1983 when interest rates were hitting 14-16%. It really shows the difference between the economy of 1983 versus 2009. Today, you do not see many signs like this up and down the streets, but this time around people could just be waiting for their stimulus checks instead.