In Real Estate, Agents Scramble to Survive
(Source: The Arizona Repulic)
Real-estate agents have been among those hardest hit by the housing collapse.
As the entire Phoenix real-estate industry remakes itself in pursuit of a recovery, agents who once sold 10 homes a week and earned six-figure salaries now tend foreclosure properties for little more than gas money while they hope for a listing.
Brett Barry is a well-known north Phoenix agent who has gone from selling dream homes to handling evictions and open houses for foreclosure homes. He moved his office into his living room, works much longer hours for far less money but still makes his living selling homes.
Read Catherine Reagor’s full article “In Real Estate, Agent Scrambles to Survive” in the Arizona Republic (August 23, 2009).