As Real Estate Bubble Bursts, Barter Offers Moguls A New Horizon
Released on = October 3, 2006, 7:38 am
Press Release Author = Bill Grant
Industry = Real Estate
Press Release Summary = Wise investors and agents who enjoyed the real estate ride are now seeking their next money making venture. The real estate industry is full of self-starters, risk takers and successful sales agents. Barter is a wide open marketplace where real estate skills can be honed to find new success.
Press Release Body = While the housing bubble bursts, all those previously reaping its rewards are now scrambling to redirect their efforts. A few vested souls are still clinging to the hopes of a turn around, but the numbers give a clear answer. In a recent article by Shawn Tully in Fortune Magazine he states, "Prices actually fell where housing is most vulnerable, in the bubble markets in the West and Northeast. In the Northeast, they dropped 2.1 percent from July of 2005, at the same time prices nationwide rose around 3 percent, meaning that houses lost over 5 percent of their value adjusted for inflation. Real estate moguls who jumped in the 'flipping' frenzy are now looking for the next trend they can invest their business savvy. They usually carry with them a team of dedicated sales agents who were along for the ride of making huge commissions. Every businessman knows, with a dedicated sales team, jumping into a new endeavor is not a scary process. Experienced sales reps are a valuable commodity for success in any field. Right now as commission checks are lean, they are looking for new ways to make money. Sales reps need a vision. They need to know that the product they are selling is truly of value to the consumer and provides long-term stability for them. Resume searches on Monster.com in the New York and New Jersey metro areas shows a history of sales executives who jumped from B, C, D mortgages to insurance sales and finally landed in real estate. Both the National Association of Trade Exchanges (NATE) and the International Reciprocal Trade Association (IRTA) have reported increases in trade volume for the last year. 'The World Trade Organization estimates that 15% or $8.43 billion of the $5.62 trillion in international trade is conducted on a non-cash basis. Yet, as impressive as this number may be, less than 1% of businesses use non-cash trade as a means of doing business.'- 2004 Global Reciprocal Trade Statistics. "I see the long-term, recession-proof future of barter. I have job security and confidence that every company can benefit from this business tool." - Tom G. Merchants Barter Exchange. Barter may not be the only answer for the lost real estate market, but it is at the top of the list. Bill Grant - Today's Money Matters
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