Double Dip In Home Values Happening NOW | Banks Agressively Foreclosing And Approving Short Sales

Home » Breaking Real Estate News, National Real Estate News & Comment, Real Estate Coaching & Market News

Double Dip In Home Values Happening NOW | Banks Agressively Foreclosing And Approving Short Sales

Submitted by Tim Harris on June 21, 2010 – 12:16 pmNo Comment | Popularity: 2% [?]

Picture 355 300x247 Double Dip In Home Values Happening NOW | Banks Agressively Foreclosing And Approving Short Sales

Harris Real Estate University students (and future students)…important, historic stuff happening in our country. All the rules have changed for the housing industry.

Here are a few important quotes and facts from this video:

* “People doubt there’s a double-dip in housing,” she said. “It’s amazing.”

* The primary reason she cited for another leg down in housing is that banks are getting more aggressive foreclosing on delinquent borrowers. That in turn will push more inventory into the market, pressuring prices and ensuring that economic growth will be tepid at best.

* “Banks are actually accelerating their foreclosure programs, accelerating their short-sale programs. People who have been paying their mortgage now have to start paying rent,” Whitney said. “You’ll see a real leg down in supply displacement when you foreclose and you have to sell.”

* Consumer behavior has exhibited traits Whitney said she’s never seen before.

* Primary among the anomalies has been the trend of homeowners not paying their mortgages and instead paying down other bills and increasing their personal spending.

Popularity: 2% [?]

SocialTwist Tell-a-Friend

Real


How to Set Up Your Real Estate Social Networking Plan :: Networking

Check out this website I found at netreal.net

Get your Social Media Plan Set up and generate Leads

Allis Well!!

Think that it's fun, that you're guided, and that all is well.
Think that there's time, that life is easy, and that the best is yet to come.
Think that the reasons that elude you will one day catch up, that the lessons that have stumped you will one day bring joy, and that the sorrows that have crippled you will soon give you wings. Think that you're important, that you cannot fail, and that happiness always returns. And think that you're beautiful.

Sent on the Sprint® Now Network from my BlackBerry®

Have Fun!

Life is too short to stay in boredom, do something today that excites you and renews your outlook on life.


Each human life has the potential to be dramatic, thrilling, and awe-inspiring. Our lives are, in truth, ours to design. Each day, we make choices that influence the character of our experiences, and our decisions determine whether our paths are rousing or tedious, breathtaking or tiresome. We can create an exciting life by simply doing what excites us whenever the opportunity presents itself. Your passions may ebb and flow, and what excites you one year may not excite you the next, but when you make excitement a regular part of your existence, life becomes more fun and more fulfilling. If you are somebody that tends to live practically, excitement may overwhelm you at first. To ease the anxiety that prevents you from incorporating all that you find exciting into your life, acknowledge that you are alive right now in this time and every moment matters. When you choose to do more of what excites you, even if your choices requires you to make certain sacrifices, your daily life will soon be imbued with exhilaration, pleasure, and optimistic anticipation. To understand what excites you, you may need to observe and ponder your reaction to the activities, events, circumstances, and concepts that make up your life. What makes your pulse race, what makes you want to get out of your chair and take action? Try to avoid getting too wrapped up in life’s details; their tedium may cause you to plod through your existence unaware of prospective excitement. Once you have created a substantial list of what excites you, find ways to integrate each item into your routine. You will soon find yourself riding a wave of excitement that lifts you up and makes life truly worth living. What excites you in your life?

Sent on the Sprint® Now Network from my BlackBerry®

5 Social Media Sites to Review

(download)

Sent on the Sprint® Now Network from my BlackBerry®

Social Media Trends for 2010

Social Media is changing the way the real estate industry does business and how agents and brokers are market their services. Here are some predictions for 2010 on social media trends for real estate.

Social Network Sharing (as opposed to using email lists) (Facebook, LinkedIn and Twitter article sharing) Many people have already shifted to posting articles via their social networks rather than using their email contacts. This shift will continue and people will use email less and less.

Social Media Policy Adoption. Does your real estate company have guidelines yet? If not, then they probably will in 2010. Look for trends in how you are able to leverage social media for your business as well as policies relating to what you are NOT able to do.

The Rise of the Mobile Machine – Over 70% of US companies ban the use of Social Networking on company time. Thus we will see a trend shift to using social media on mobile phones to get around companies growing policies. After all, aren’t we all attached to our cell phones at the hip? With the overwhelming shift in cell phone use to smartphone capabilities, American workers are feeding their social media addictions at work using cell phones. In real estate you can use this to your advantage when creating your new marketing plan.

Cutting Company Budget Fat – in the current economy, companies are actively looking for ways to cut their budgets and still keep up revenue numbers. How to you still get the word out about your services? Leverage new social technologies such as Twitter and Facebook. They are highly cost-effective and generate the ability to viral market to customers globally with the touch of computer or smartphone keyboard.

Exclusive Social Media Networks – As social networks grow and morph into niche networks, sub-groups, users are more likely to filter out the social network clutter by hiding serial updaters in their news feeds. When, how and why you use social media will change and become more granular making this a greater opportunity in real estate to stand above the crowd in your social media networks.

Competitive Technology in Networks –Our normal human propensity to be competitive has spawned rewards-based social networks. As the social network space becomes more crowded we will see more and more of it in the next year.