With the recent unemployment rate in the US going down to 8.8%, but the underemployment rates going up to 20.3%, I have had many Realtors asking the question of where are the opportunities for new business going forward. When you look at the pictures below and see that so much of our market place is filled with such a high percentage of distressed sales many Realtors are left to wonder when it is going to get better. When you see the second graph that shows the amount of shadow inventory (months of inventory of foreclosed properties that the banks have yet to release on the overall market) you can either get depressed about the coming market or find out where the opportunities are. Watch the video below to see where those opportunities are.
Have a great week and I look forward to your comments!