How Bad is the Greensboro Real Estate Market?

How Bad is the Greensboro Real Estate Market?

Rough year for the boys on Friendly Avenue…and their employees.

Seems my “layoff” (read as “firing”) along with two others back in January was a harbinger of things to come.  Two more good friends with whom I’ve had the pleasure of meeting occasionally for lunch every now and again were “let go” (read “fired”) today.  That brings the total number of folks out the door this year to eight.   Considering that, including attorney’s and partners, there were 22 folks working there at the start of this year, things are looking bleak.

What just a year ago was one of the largest real estate law firms in town with several of the top builders as clients is now a shell of it’s former self.   At least one of those major builders is in serious financial troubles and others are coming up with all kinds of crazy schemes to get folks to buy while their stock plunges.    Not hard to imagine why the folks in the glass building are shedding payroll expense like it’s going out of style.

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One thought on “How Bad is the Greensboro Real Estate Market?

  1. Shu, Those aren’t the only crazy schemes… I just saw an ad of Facebook for another of Greensboro’s Builders… Kavanagh Homes. I hear they’re shedding jobs like a tree drops it’s leaves in Autumn.

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