Foxtons Real Estate, a large 'discount' brokerage based in New Jersey, said due to the downturn in the housing market it was contemplating bankruptcy. The Asbury Park Press said the company will continue with only a “skeleton crew”-laying off 350 of its 380 employees. It is said that the company has 4,400 active listings.[tags]discount real estate brokerage, Foxtons,real estate bubble[/tags] San Diego realty agents
6 thoughts on “East Coast Discount Real Estate Broker Said To Be Contemplating Bankruptcy”
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Discount real estate services spring up in good markets and vanish in buyer’s markets.
San Diego Century 21 agent
With discount real estate brokers you really get what you pay for! I think many will go out of business in this down cycle. San Diego hotels
East coast…West coast….WILL THIS REAL ESTATE MARKET EVER BE ANY BETTER??
-Karen
San Diego California plastics
In the long term real estate always bounces back and people should take advantage of these slow periods if they really want to get a good return on their investments
Tom
Bail Bond Services
Tough times in real estate may change the San Diego conventional wisdom that you can never lose in real estate.
Brian
San Diego County Hotels
I think people’s expectations of multiple digit appreciation each year in real estate is now proven to be a total fallacy.
Douglas
San Diego Real Estate Brokers