I have seen many changes in the real estate market since I first received my real estate license in 1983. From the high interest rates of 17% in the early 80's to creative financing to agency law changes to a recession in 1990. Then came the technology in the 1990's and the internet as an advertising tool.

Once real estate listing went on the internet, buyers could find houses without contacting a real estate agent first. Agents lost the control of information at that point.

We saw another recession in 2000 and then the boom. Prices increasing at a rate of 30% or more in many areas. Builders couldn't build houses fast enough. Buyers were flipping and making lots of money.

Then the bust! Beginning in June of 2005 and getting worse year after year until 2009. I have never in all my living years seen so many foreclosures and short sales. Banks going under and business closing up shop. But now as the year closes and 2010 arrives, there is some optimism and some positive signs that buyers are buying up the great deals to be had.

Years from now we will be saying: "If only I bought that house in 2009, I would be rich today".
Don Widmayer