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Article: Agents adjust to downsizing housing market: Whatcom County real estate agents must perfect their game in slowing market.
- Article from:
- Bellingham Business Journal
- Article date:
- August 1, 2007
- Author:
CopyrightCOPYRIGHT 2007 Sun News, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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As the local housing market has slowed and stabilized in the first half of 2007, local real estate agents are experiencing a shift in how they approach their livelihood.
Despite a modest increase in average Whatcom County home prices, the total number of Whatcom County homes sold in the first half of 2007 declined compared to the same time frame in 2006, and the number of days houses stayed on the market has increased.
Some real estate agents have responded by getting out of the game entirely, but there hasn't been a major decline in active licensed agents overall. Others are experiencing income drops and tougher deals to close.
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