By REALTOR® Emeritus offers advice for making it through a market downturn
Geary Jones, a REALTOR® Emeritus with 50 years of experience in real estate, knows a thing or two about market downturns.
In 1966, the worst year for him, interest rates jumped from 4.75 percent to 7.5 percent within months and he made $3,000 for the whole year.
“It wasn’t easy. People had just stopped buying. I don’t know if that downturn was as severe as things are today, but it was hard for families,” Jones said in a interview with REALTOR® Magazine.
For his part, Jones said just kept working and talking to as many people as he could, and he encouraged his salespeople to be optimistic and prepared.
As for those in the real estate industry who are struggling today, he urges them not to complain or to be discouraged. And, he encourages them to keep searching for clients.
“Peaks and valleys are part of the real estate world. That’s easy to say, I realize,” Jones told the magazine.
Read the full Q & A from Realtor® Magazine here.
See Also
- Intero Real Estate Services- Find Real Estate, Property for Sale, Homes For Sale
Intero Real Estate Services is one of the premier real estate brokerages. Find real estate, properties and homes for sale in Arizona, California, Colorado, Florida, Hawaii, Nevada and Texas. - REALTOR® Magazine, the official magazine for the National Association of Realtors®
The magazine advances real estate best practices, brings expert insight to significant trends and provides REALTORS® with timely decision-making tools on business purchases and strategies. - National Association of REALTORS®, the Voice of Real Estate
NAR is the nation’s largest trade association, representing more than 1.3 million members in all aspects of the residential and commercial real estate industries.
