Market stagnation kills brokerages much faster than severe market crashes
Barbara Corcoran · Real Estate Mogul: Barbara Corcoran · Apr 24, 2017 · at 31:03
Barbara Corcoran discusses the fallout from the 1987 stock market crash and how transaction freezes paralyze real estate brokerages.
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“Nothing is terrible for brokerage. A big seller's market is great because it's action. A horrible market is great because people have to sell. But in the beginning, when nothing happens, you go out of business.”
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