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Top 10 Real Estate Predictions for 2009

By , About.com Guide

5 of 10

Real Estate Competition Will Shrink

Smaller companies will be consumed into a gigantic monopoly.

Smaller real estate companies, failing banks and struggling title companies will merge into larger companies, shrinking competition toward a monopoly.

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One can count only so many sheets of copy machine paper before it makes no further sense to try to cut costs. Although real-estate related companies such as banks, escrow and title have already reduced staff and cut expenses, many will find themselves unable to continue operating without folding their doors or merging with a larger corporation. Real estate brokerages are not exempt and will struggle as well.

As a result, competition will shrink toward monopoly and a few corporations will control various aspects of the real estate industry. This will limit consumer choices as the little guys continue to get stomped on. The public will turn the other way as the government steps in to control the banking industry, because consumers will be pushed to the brink of desperation and apathy.

Since more real estate agents will be leaving the business, the industry will weed itself of lackluster and inexperienced real estate agents.

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