Ken's Naperville Real Estate Blog : One heck of a headline: "The Chicago housing market dries up"

One heck of a headline: "The Chicago housing market dries up"

I was up early this morning.  When I opened my eyes, I lay motionless for a few moments, listening...

All was quiet in the Tracy household.  Perfect.  A few minutes of quiet time for me...

I trudged downstairs in my PJ's, turned on the coffee maker, and headed outside to retrieve the newspaper...

The weather was beautiful.  It felt more like fall than late summer.  It was cool, and the oppressive humidity we have had this summer was gone...

As I reached the end of my driveway, I bent over to pick up my paper when it hit me like a sledgehammer.  There it was on the front page of the Chicago Tribune.  Bold print:

"Chicago housing market dries up"

I chuckled to myself, "That is one heck of a headline.  There will be no hiding this," I thought.

I wasn't bothered by the article or it's title.  I didn't feel the press was printing overly negative news...

On the contrary.  My business has gone from boom to bust since the expiration of the tax credit...

Yet I was worried I was the only agent struggling in the face of falling home prices and sales volume.

The title and subsequent article told me one thing:

I was not alone.

Ken

Comment balloon 12 commentsKen Tracy • August 25 2010 08:26PM

Comments

Well, I have to say I think you handled that quite well before your first cup of coffee!

Posted by Debbie Atwood, Real Estate Broker (Century 21 Real Estate Center Everett, WA) about 7 years ago

Hi Debbie.  Thanks for reading.

Oh I had plenty of cups today!

Thanks again,

Ken

Posted by Ken Tracy, Helping clients buy and sell since 2005 (Keller Williams Realty Infinity) about 7 years ago

Ken...

Hang in these my friend, and remain positive. Interest rates are incredibly low, and it's a great tome to buy!

Posted by Richard Weisser, Richard Weisser Retired Real Estate Professional (Richard Weisser Realty) about 7 years ago

Ken no doubt you need to have a emergency fund more than ever.  I agree with Richard if we get companies hiring again.

Posted by John Walters, Licensed in Louisiana (Frank Rubi Real Estate) about 7 years ago

Having a career in real estate reminds me of the old story of the ant and the grasshopper.  The ant kept working away, stockpiling and storing, while the grasshopper played the days away.  Winter hits us all!  I hope your stormy period is short lived and sunny days await you.  With your attitude, I would think so. 

Posted by Cara Marcelle Mancuso, Call a Marana neighbor, I'm THERE! LONG REALTY (Long Realty - Dove Mountain, Marana AZ) about 7 years ago

My husband often reminds me that our business comes in waves sometimes. Rest up my friend, another wave will come!

Posted by Teresa K. Nelson (Windermere Real Estate/HLC) about 7 years ago

Hi Ken!
I totally relate!  I thought it was because I have been busy facilitating the change from Windermere to Dunnigan, Realtors...but maybe it was the market after all! Thanks for the company? hehe

Posted by Paula Swayne, Realtor-Land Park, East Sac & Curtis Park -Dunniga (Dunnigan, Realtors, Sacramento (916) 425-9715) about 7 years ago

Ken, the point is most parts of the country have seen a decline since the credit ended.

I am glad, let the market recover on it's own, it will if Government would stay the heck away.

Hang in it may get worse before it gets better. But....

It will get better.

Posted by Missy Caulk, Savvy Realtor - Ann Arbor Real Estate (Missy Caulk TEAM) about 7 years ago

Hi Missy, Paula, Teresa, Cara, John, and Richard.  Thanks so much for stopping by.

Thanks for the positive words too!

Just been a bit disappointed by the lack of activity for me for the last couple months...

Without rental business, I would be lonely...:)

Thanks again,

Ken

Posted by Ken Tracy, Helping clients buy and sell since 2005 (Keller Williams Realty Infinity) about 7 years ago

Wow Ken,

What a very transparent post.

Just finished a blog that I hope will generate some good factual information to help agents provide reasoned truthful argument to the sound decision of becoming a home owner.

Not much action on there as of this writing but here's hoping.

 

http://activerain.com/blogsview/1821250/lies-and-d-lies-

 

 

Posted by Hercel Spears (Advanced Realty Education HomeSmart Realty) about 7 years ago

Hi Hercel.  Thanks for stopping by...

My blog is designed for traparency!:)

Thanks again,

Ken

Posted by Ken Tracy, Helping clients buy and sell since 2005 (Keller Williams Realty Infinity) about 7 years ago

Ken, August has been slower here in Mesa, AZ but I am looking forward to the winter visitors who want to invest in a winter home instead of renting. If you have any Cubs fans who want to see the preseason games and view a few available homes, send them this way.

Posted by Deanne Olivas, Gilbert AZ Real Estate (Keller Williams Realty East Valley) about 7 years ago

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