Tuesday, April 18, 2006

Real estate agents report problems in the housing market

….by posting anonymously on blogs:

If the secret worries of real estate professionals are any indication, home
prices could be heading for a swoon.
When Brad Inman of Inman News, which
tracks the real estate industry and is widely read by industry insiders,
recently gave real estate agents the opportunity to blog about market
conditions, they almost uniformly described them as bad – and getting
"Normally, brokers and agents tend to sugarcoat the news; they don't
want to affect consumer confidence," says Inman. "By letting them post
anonymously, we gave them a way to really share their thoughts."
responded with tales of high inventories, slow sales and languishing prices.
Hat tip to RCH.

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