POWER BROKER REPORT… BACK FROM THE BRINK

According to the very encouraging results of RISMedia’s 22nd Annual Power Broker Survey, more than 1,200 real estate firms weighed in on their success in 2009, reporting a total $585,508,645,713 in sales volume. Although this total sales volume is down by more than $163 billion over 2008, overall transactions for 2009 have increased by more than 100,000.  RisMedia is a leader in real estate information systems.

Rismedia also reports that with the advent of higher consumer spending and healthier stock markets, which many Americans feel is evidence that we are out of recession, many people are returning to their old habits of spending.  Their research points to most Americans not changing much after a recession, and likely therefore to end up where they once were.  With shoppers returning, stores have stopped heavily discounting.