With the slowdown in home sales nationally comes a decline in the membership of the National Association or Realtors and the Washington Association of Realtors. According to an article in the Inman News, in Washington state, which had the second-highest peak-to-trough drop nationwide, Realtor membership dropped 8.3 percent between August 2009 and August 2010, which the state's association also attributed to delayed impacts from the housing downturn.
"The decline in the housing market hit Washington later than elsewhere. The data indicate that the Puget Sound area peaked about a year after the national peak in home prices, and that recovery in home prices has been slower in Puget Sound than elsewhere," said Steve Francks, Washington Realtors' CEO.
"The decline in the housing market hit Washington later than elsewhere. The data indicate that the Puget Sound area peaked about a year after the national peak in home prices, and that recovery in home prices has been slower in Puget Sound than elsewhere," said Steve Francks, Washington Realtors' CEO.
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