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Most Realtors haven't been in the business long enough to see anything but a boom market, and the current slump is new to all but a handful of industry veterans.
"Real estate: Babes in bear land"
By Chris Isidore, CNNMoney.com senior writer
November 7 2006: 4:31 PM EST
NEW YORK (CNNMoney.com) -- A financial planner who had never seen stock prices lose value probably isn't the best place to turn for investment advice. But many Americans are taking just that kind of a flyer when it comes to their most valuable investment - their home.
By Chris Isidore, CNNMoney.com senior writer
November 7 2006: 4:31 PM EST
NEW YORK (CNNMoney.com) -- A financial planner who had never seen stock prices lose value probably isn't the best place to turn for investment advice. But many Americans are taking just that kind of a flyer when it comes to their most valuable investment - their home.
Just more than half of members of the National Association of Realtors (NAR) had four years or less of experience in a 2005 survey - which means they came into this year's real estate downturn knowing nothing but boom times.
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