RE Business Slowing

Posted by: Tex

RE Business Slowing - 10/17/18 01:30 PM

This isn't looking good. I believe if I was an "Aspiring Agent" I wouldn't quit a job just yet.

https://www.zerohedge.com/news/2018-10-17/mortgage-applications-collapse-19-year-lows
Posted by: JohnN

Re: RE Business Slowing - 10/17/18 01:46 PM

As business slows a lot of newer agents head for the exits. Equilibrium always is attained and the prevailing interest rate becomes the new normal. I bought my first house in late 1979 and I was delighted to get a 10% interest rate.