Quote:
Originally Posted by Unregistered
I know of an agent who has just quitted. She said it is tough, not many owners are selling because the owners believe prices can go up further. Those selling are not in a hurry to sell and not reducing prices. Owners have holding power. So, not much transactions. So even though prices continue to rise, transactions are down. So, agents cannot make much.
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This is true. Sellers are being very stubborn to reduce their prices but buyers also want discounts. In many cases, there are stalemates and no transaction done. While both buyers and sellers remain stubborn, agents got nothing. However once prices start to rise again, buyers will panic and start to be more realistic in their discounts. For agents to survive, prices need to go higher again.