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Massive Wealth Transfer

I have been through other major real estate downturns–five to be exact–with the last happening in the early ’90s. And I can say, the current recession is not like the last downturn. Today’s real estate industry is global, multi-faceted and encompasses many products, services, geographies, and functions. Those things will not recover in the same ways or at the same rate–but, recover they will. I have observed a distinct change in attitudes and moods in the real estate market beginning in August 2009.

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