I see some life returning to the local real esate market. May be a false positive, but I'm going to choose a turn around.
I presently have more contract pendings in my portfolio then active listings. Could be a marketing failure on my part. However, I choose its a light and not a train in the tunnel.
Armed with this non-statistical data, I am willing to state that the market will have returned to normal (1990's) by first half 2011. This prediction would then indicate a pending increase in demand for agents and that's great for me in Illinois, because there will be fewer agents to choose from with the new licensing law becomes effective in 2012. That is when the Salesperson designation is eliminated requiring additional education and continuing education requirements for Illinois real estate brokers.
The implementation of additional education requirements in 2006 caused many a Broker to choose to fall back to salesperson. Looks like a very poor choice at this time. This time I think some will opt to flip burgers.
Perhaps I will garner additional benefits from this change because I am a licensed instructor.