Survival of the fittest: Adapting, evolving, thriving in a rough housing market
The past 18 months haven't been pretty in the housing market. The mortgage crisis spawned ballooning listings, foreclosures, bank collapses, job losses– in a word, it's been rough. Rough for homeowners, rough for builders, rough for realtors. But as the dust clears– as a few signs emerge of better times ahead– the owners of these local businesses say they believe they're in prime position to help themselves and others take advantage of the new environment. From a builder who was forced to lay off all his employees and almost closed his doors to a group of realtors determined to shake up the status quo to a UVA grad who's found a way to squeeze some cash-flow from empty houses and burdensome mortgages, there's a lesson here for everyone: if you adapt, you can survive, even thrive. If you don't, well, you know that old Darwin theory...
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