Watershed: a crucial turning point affecting action…
The year 2009 will be a watershed year for Real Estate. The market as we knew it has gone. The talking heads in the media have finally admitted en masse that we are in a recession and we have now internalized it. The results have been evident for the last many months. Listing volumes are substantially higher, sales volumes are significantly lower and prices have been falling. Now that I have written the words no one wanted to speak, how are we going to deal with the situation if we have to sell or buy Real Estate in the future? We can only sit and wait for so long.
