July 31, 2021
Real Estate

‘We’re in the most stressful real estate market ever’ … here’s why

Arizona real estate agents convened in Mesa on July 15 for RE/MAX’s Coaches Corner to gain a better understanding of current real estate market conditions from Nick Bailey, president of RE/MAX and Wayne Fredrick, owner of See The Field Consulting.

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Wayne Fredrick

Nick Bailey

 “We’re in probably the most stressful real estate market ever — worse than the downturn of 2008 to 2011. That market was bad for certain segments of the market, but now it’s stressful for buyers, sellers, listing agents, buyer’s agents, lenders, appraisers and inspectors because there’s so little inventory nationwide,” Fredrick explains. He believes these trying circumstances are here to stay for 18 to 24 months, adding that the strategies that worked a year ago aren’t effective anymore, so successful agents must constantly…

Read full article here: azbigmedia.com