I really don’t think the deflation of this massive bubble will be Realtor heaven.
You’re comparing to times when sellers had multiple offers before a house was even listed. Open houses led to on the spot bidding wars.
THAT was Realtor heaven. I don’t think the downturn will be anything but trouble for them. Lower prices will no longer afford the lavish style of the Realtor who made $50k/month, selling multi-million dollar homes that are now rapidly deflating in value.
Do REO/forecloseure sales owned by the bank even need an agent to be sold?
