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HAPPY NEW YEAR AND GOD HELP US ALL!

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Real Estate Agent with El Dorado Hills Realty BRE 01480120

It's been a shaky 2009 for many homeowners and real estate professionals alike and we're not seeing a great deal of support from the Feds, as they're substantially increasing our taxes in 2010, and in fact, may be imparing our recovery and total economic outlook.  

Unfortunately, no one has a crystal ball to see what's going to happen next, but with Freddie and Fannie's sudden decision a couple of weeks ago to foreclose on their short sales, it looks like it's going to be another challenging year for our industry.  The information from the REO conferences concur that we're going to have an increased forclosure market for 2010.  I analagize it as "pulling off the bandaid fast" - it will hurt alot initially, but it will be over that much quicker. 

As I said, our market will be challenging but not impossible, that's important to remember.  Increasing our work effort/ethic will pay off.  If you're not an REO agent, thinking outside of the box, holding open houses and real estate seminars to meet buyers, networking with our peers will all help to support us through this unique and somewhat difficult time.

There will be a preverbial "light" at the end of the tunnel, we just need to adjust our way of doing business for awhile, which will ultimately help us all become a better and more knowledgable professional in our field. 

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