Tuesday, May 30, 2006
With highest volume of homes on the market, and slower market, top Orlando Real Estate Executive warned real estate agents maybe in shock with a soften market. Orlando has over 11,000 real estate agents with 86% being in the Real Estate industry less than 10 years. And during the past year the Orlando Realtor Association increased to 26% to 11,897 people. Jennings stated marginal agents will retire faster and consilidation within the industry will continue. The big office will be bigger and the smaller offices will do fine, squeezing out the middle sized offices. In addition, there will be no housing bubble as Orlando still has a demand housing and jobs are being created. Courtesy of Orlando Sentinel 5/27/06.
Posted by Buyers Broker of Florida at 10:44:00 AM