Companies work to survive the real estate slump

Catherine Reagor, The Arizona Republic
Sept. 6, 2007 12:00 AM

This article helped me as a Realtor feel alot more connected to the reality that if you aren't working SMARTER rather than HARD in this industry, you will burn out quick and probably leave the business!

Housing accounts for at least $1 in every $3 generated in metro Phoenix. So when home sales and building slow, the economic pain spreads everywhere.

The housing slowdown starts with builders and real-estate brokers. It then creeps up on subcontractors, architects, engineers, mortgage lenders, landscapers, interior designers and, finally, retailers such as furniture and grocery stores.

No one is calling for the Valley's housing market to crash as it did in the late 1980s. The rest of the area's economy, including the commercial real-estate market, is still strong.

But RL Brown, housing analyst and publisher, said Arizona companies need to face reality and try to make money in the current housing climate, because a repeat of 2004 and '05 isn't going to happen.

Read More Here: http://www.azcentral.com/arizonarepublic/news/articles/0906survival0906.html

Yours to Count On,
Erika Madsen
Real Estate Consultant
Re/Max Power Realty
"Your Advisory Team" Founder/Manager
480-695-6572

p.s. if you or anyone you know is considering a move in the current real estate market- you deserve an agent who has a strong knowledge to help you succeed! Visit http://www.PhoenixAreaMls.com/ to learn more about Your Advisory Team & Our Performance GUARANTEES!!