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Market Update

In case you haven't read a newspaper or turned on the evening news lately the BIG story in real estate is the foreclosure market. According to the experts foreclosures are at an all time high. The reality of the situation is that only about 2 percent of the total homeowners in our country are in foreclosure. So why all the high drama and exaggeration. It's the oldest story since the beginning of time, if it bleeds, it reads. The newspapers and the extremely high paid media superstars have got to SELL their stories.

We as professional Realtors know the true story. Yes, there are foreclosures and short sales in every segment of the market across our country. But there are also a lot of home owners who are not in dire straights and are selling or buying every day, business as usual. So lets not buy into the hype. Remember why you are in this business, to help others achieve their dream. If I can do that for just one individual a day, a month or longer, than it's all worth it to me.

Happy Selling my fellow Realtors.

Sincerely,

Jeri Blanco

Coldwell Banker Cocoa Beach Realty

The Blanco-Matlock Team

Posted by Jeri Blanco on 05/02/2008 11:37 AM

Comments (14)

real estate, selling, buying, foreclosure, short sale, agent, seller, buyer, moving

This post has been included in Florida Information Brevard County, FL Information Cocoa, FL Information

14 Comments on Market Update

When you put it in the perspective that only 2% are in foreclosure, it doesn't sound nearly as back. I needed to be reminded that the glass is 98% full. Thanks for the information!

05/02/2008 11:47 AM

by Christine Howlett - Lake County Ohio Real Estate (Howard Hanna Smythe Cramer)

Thanks for the post, Jeri. I love your line "if it bleeds, it reads". Isn't that the truth!

05/02/2008 11:59 AM

by The Entire Team of Price & Company Professionals (Price & Company Realty)

Welcome to Active Rain. Make sure to check out other blogs so you can see what works and what does not.

05/02/2008 12:16 PM

by Ted Mackel Simi Valley Real Estate Simi Valley Homes (Keller Williams Realty)

Hi Jeri & welcome to Activerain. Go to http://www.colonialpacificfinancial.com/ to see our commercial loan products. Colonial Pacific is a direct commercial lender and lend in all 50 states. Call me if you have any questions or want to run a scenario by me. Thank you for your consideration.

05/02/2008 02:09 PM

by Glenn Prieto-Commercial Real Estate Lender (Colonial Pacific Financial)

Welcome to ActiveRain!

If you would like a few tips on getting the most out of ActiveRain, please visit my blog Welcome to Active Rain. It has a few simple steps of what to do now that you have joined.

If you ever have any questions, just let me know.

Troy Trumm

05/02/2008 03:55 PM

by Omaha Real Estate Troy Trumm - The Trumm Team (Alliance Real Estate)

Hello Jeri,

Welcome to Active Rain and congrats on your first post! The opportunities to learn and network are incredible here. Best of luck to ya!

-Keith

05/02/2008 06:26 PM

by Keith Elliott Jr -"Prince William County Real Estate Expert" (RE/MAX Olympic Realty)

Yes, Jeri, you are so right!

The negative media begins to just look silly.

We can overpower them with a little data and a willingness to communicate properly to our clients.

Welcome to Active Rain!

05/02/2008 11:41 PM

by Kirk Westervelt - Greenville, SC Realtor (Keller Williams)

Welcome to ActiveRain, Jeri! The high number of foreclosures in the Las Vegas area are making this a pretty challenging market for us, but we've also seen an uptick in 'regular' sales. It all comes to accurate pricing on the seller's end and perceived value for the buyer.

05/02/2008 11:57 PM

by John Novak - Las Vegas and Henderson NV Real Estate (Keller Williams Realty The Marketplace)

Welcome to Active Rain! For some tips on how to get started here, check out my blog entry at ActiveRain Fast-Start Tips for Quick and Easy Points

Happy blogging and good luck!

05/03/2008 01:28 AM

by Benjamin Clark - Exclusive BUYER'S AGENT - Salt Lake City, Utah (Homebuyer Representation, Inc.)

Welcome to the Rain, make sure that you browse the site and become familiar with everything this site has to offer. The more you browse the more you will learn. I have found this site to be really helpful to me. If you have any questions, please don't hesitate to email me, I will do whatever I can to help.

http://www.doreneshirley.com/

05/03/2008 06:57 AM

by The Mortgage & Property Connection

Hi Jeri

I see this is your first post on Active Rain. Congratulations!! I just wanted to welcome you to a fantastic Real Estate Industry Network! Welcome aboard, I hope you'll continue to Blog, and invite others.

I’ve added a link to a post called, “NEW MEMBERS – Start Here” that will hopefully get you up and running with the least amount of effort, and also help you to navigate around Active Rain more efficiently.

Again, welcome to Active Rain, the best place to start, and have a Blogging experience!

Good Luck to you and your business! B-)

05/03/2008 11:21 AM

by Brad Andersohn ~ Community Builder (ActiveRain)

Well said and even in the best of markets there have been short sales and foreclosures. So why do nothing but talk about them, when there are so many great homes still out there that aren't in trouble!

05/03/2008 02:52 PM

by Todd Clark (Realtor), GRI (Washington Co, Beaverton, Oregon) (Kastings & Associates, Oregon)

I see that you are new to Active Rain and I just wanted to welcome you.

I hope that you enjoy it as much as I do and that you find it a great resource.

05/04/2008 12:29 PM

by Peg Gilliland - GRI, REALTOR® (RE/MAX Assured Properties)

I just stopped by to welcome you to Active Rain. I hope that you find it a great benefit to your business and that you see the value that I have also found here. I am from Charlottesville Virginia and using Active Rain has really increased my business!

My main blog on Active Rain is here: Charlottesville Real Estate Blog, not the link at the bottom of this post.

I hope you will look into the many groups as there are some great group both local and broad based,....

enjoy!

05/04/2008 07:37 PM

by Charles McDonald (RE/MAX Assured Properties)

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