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Thursday, October 12, 2006

Riding the real estate rollercoaster


Melissa Silver, a real estate agent in Framingham, got into the business just last year when the market was still booming. Then the big bang turned into a whimper.

A Scripps Howard News Service story says Silver is far from alone in jumping into the business recently, and that, with the real estate market cooling, some agents are likely to bail out.

J. Andrew Hansz, whose own credentials include the prestigious Chartered Financial Analyst designation and a Ph.D. in real estate, told the news service, "A lot of people flood in when times are good, and a lot of people flood out when times are bad. When the market isn't booming, there isn't a lot of money to be made."

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