By Chaun Mackey, Partner and President, Matrix Real Estate

When the slowdown began just over three years ago, I don’t know that any of us really understood what was happening, how long it would last and how much impact it would have on our daily lives.  As time went on we began to notice that things were slowing down beyond a seasonal adjustment and clichés started rolling around in my head like  “All good things must come to an end” or “What goes up must come down,” much like the tech boom in the late 90’s. As we began to settle into the daily roller coaster ride and accept the occasional shock at what was happening with real estate prices and the daily changes in the financial arena we all picked up our boot straps and dug into whatever we were dealt next.

As every aspect of developing and selling real estate has now changed we find ourselves realizing that our sellers and buyers have also changed and with that comes the dichotomy of how much this industry has really adapted. Timing for many of us couldn’t have been worse, for others it couldn’t have been better and the rest of us were left somewhere in the middle.