HREU Students, this is an excellent absolutely must watch CNBC video.
Industry leader and CEO of Coldwell Banker Jim Gillespie is interviewed…
* Values are falling again..are we in a triple dip for home values?
* Decrease in home values directly linked to banks ramping up foreclosures. There is NO question that the foreclosure/ REO and BPO market is about to explode (Are you ready..watch this video to learn how to become a REO listing agent…and make money from BPOs)
* Baby boomers kids are moving back in with their parents. The challenging job market is preventing would be first time buyers from entering the market.
* Baby boomers are down-sizing out of their family sized homes.
* Mortgage lenders are raising lending standards and obtaining a mortgage remains very difficult.