Russell Shaw-"This Is The Best Market We've Ever Had"

I just heard an audio presentation by Russel Shaw over at the Bloodhound Blog and let me tell you this guy is a great speaker. He is basicall pushing STAR POWER System seminars, but don't let that stop you from listening to this podcast.

He mentions that when the market was hot in Phoenix there was 35 days of inventory compared to the 10 months of inventory they have now and things weren't that good.

Why?

He said agents were not really needed. When sales went up, there was a downward pressure on commissions because all a seller had to do was put up a sign on his lawn and an offer would be made.

A buyer's agent was in hell, because you could write 10 offers in a row, all above asking price and they would all be rejected.

Anyway go listen to it now because he is a much better speaker than I am a writer.