REALTOR® Magazine-Daily News-Who's Thriving in the Slower Market

OFFICIAL MAGAZINE OF THE NATIONAL ASSOCIATION OF REALTORS®

Search REALTORMag...

OR FOCUS YOUR SEARCH

NEWS & COMMENTARY

Inside For Brokers

Connect

Social Networking

Follow, fan, or friend us online.

Your Magazine

Magnifying your voice and celebrating your accomplishments

CURRENT ISSUE

PAST ISSUES

Daily Real Estate News | December 14, 2007 | Who's Thriving in the Slower Market
Every market gyration has winners and losers, including the current one. In this downturn, some of the winners are:

Remodeling contractors. The National Association of Home Builders says remodeling sales were $228 billion in 2006, up from $215 billion in 2005. " As long as they are staying, [home owners] are giving themselves that spa bathroom they always wanted, for example, with a whirlpool tub, shower with body sprays, heated towel rack and coffee station,” says Rick Glickman, president of Dream Kitchens Inc. in Skokie, Ill.

The auction industry. Nationwide, residential auctions are up 39 percent since 2003, according to the National Auctioneers Association.

Home Stagers. Those involved in the business are upbeat. "The staging part of my business has doubled since I started it in 2001," says GraceAnn Simoni, an instructor with Midwest Staging Redesign Institute.