The Economy, the Real Estate Market

Discussed the economy, the Real Estate Market

¶ It’s no secret that we are in a tough economy and tough real estate market; yet on a positive note, we expect that there will be over 30,000 sides of business closed in the Triangle this year and another 30,000 sides will close in 2011.

¶ There have been a tremendous number of changes in the real estate industry nationally, as well as within our market:
o Allen Tate’s retraction in the Triangle
o YSU sold to Home Services (PRU)
o It has been reported that ReMax has had the highest rate of attrition among agents and offices, nationally
o Century 21 has had the 2nd highest rate of attrition among agents and offices
o CB Advantage is selling their office buildings
o Many Smaller Triangle Real Estate offices have just closed their doors

and Nationally
o The #6 Coldwell Banker franchise closed it’s doors
o The largest Prudential franchise (PRU/California) closed 35% of it’s offices, changed their affiliation to Better Homes and Garden and took on a $10M investor
o In addition, it is clear that a number of real estate companies that have NOT taken corrective action are either in trouble or out of business!

¶ HPW has taken action over the past months and years to remain financially STRONG and competitive!

We are HERE in the Triangle for the LONG term.

About Raleigh Homes Info

Greetings, My name is Tom Bohlmann. I am Allen Tate Realtor / Broker in the Raleigh, Durham, Wake Forest, Cary North Carolina areas. Your Home Search starts here: I have been involved in the Raleigh area real estate investing since 1995. I know all the ins and outs of many many different area markets that the average or even above average Realtor does not know. Give me a call or email so we can talk about your Real Estate Needs. Tom 919-543-5714
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