Saturday, September 06, 2008

The face of real estate is changing

Is it happening in your neighborhood?

In our area, prominent real estate companies are closing or consolidating offices, small family-owned companies are closing or joining with other firms.

Who knew?

The gossip on the street is that these offices not only are not profitable today, but they have not been profitable for several years.

More support to our theory that the downturn may have started earlier than we all think.

At least, that's our opinion.

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