Weichert Forecasts A Housing Market On The Rise

Franchising.com:

As president and founder of Weichert, Realtors, one of the nation’s largest privately-held real estate companies, James M. Weichert has seen his share of market shifts. In fact, Weichert has become quite efficient at predicting changes by regularly studying the factors that shape the housing sector. Yet, this well-respected industry pioneer has never felt so strongly about a market shift that he would come out and declare so publicly – until now.

In a message to the company’s nearly 18,000 sales associates as well as approximately 2,000 employees, Weichert announced that “we have reached the bottom of the housing market and will soon begin to see improvements.”

“We saw an extraordinarily hot market at the start of the decade like we may never see again. I knew in May 2005 that we had reached the peak of the market when mortgage payments began to stretch beyond buyer affordability,” said Weichert. “Now, everything I am seeing is telling me the worst is behind us and we’ll begin to see a gradual increase in sales activities.”

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