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We survey our members periodically to get at information that is not readily available from MLSs or via other hard data sources. A recent market assessment survey of data from over 2,000 REALTORS® was completed in June and here are the findings.

· 40 percent indicated having assisted in selling foreclosed property in 2008.

· Most indicated little problem with their clients getting a mortgage. Specifically, 68 percent said either none or less than one-fifth of clients were not able to get a mortgage. Only 8 percent indicated that half or more of their clients were not able to get a mortgage.

The most interesting results, from my point of view, were about clients postponing their purchase of a home. The question posed was “In thinking of your most recent potential buyer

in 2008, did the client postpone their home buying decision?

· 50 percent said no, and said the buyer bought in the end.

· 23 percent said the potential buyer did not buy, preferring to wait for prices to fall further.

· 6 percent said the potential buyer did not buy because of mortgage difficulties.

· 4 percent said the potential buyer could not locate that ‘perfect’ home.

· 7 percent said the potential buyer needed to first sell the current home

· 9 percent said the potential buyer changed their mind due to various personal reasons.

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