8 Reasons for Optimism

This is from the Realtor Magazine newest issue:

Don't let the headlines about foreclosure rates, sub prime lending woes, and inventory gluts cloud your thinking about real estate. Instead consider these silver linings from sales associate Michael J. Maher, ABR, of Realty Executives in Kansas City, Kan. He points out that the changing market offers plenty of reasons for optimism. Here are a few:

1. Falling prices enable more first-time buyers to find affordable homes.
2. Fewer sales people mean less competition.
3. Builders and developers realize they need us again.
4. Sellers are willing to pay more, so there's less downward pressure on commissions.
5. Great opportunities exist for investors and for investing for yourself.
6. New niche opportunities present themselves in the areas of foreclosure and short sales.
7. FSBOs and expired listings present even more opportunities.
8. Consumers realize they need professionals who are committed and knowledgeable. They are less likely to list with someone just because he or she is a friend or relative.