Where are the opportunities for business going forward?

By
Services for Real Estate Pros with Jared James Enterprises

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!

 

 

Jared James

www.jaredjamestoday.com

facebook.com/jaredjamestoday

twitter.com/jaredjamestoday

Comments (2)

Linda K. Mayer
License # 01767321 - La Verne, CA
Realtor, SRES, SoCAL, A REALTOR YOU CAN TRUST

Jared - Even though there are 11 months of properties here in California, there is still such an opportunity to sell your home and have that sale be successful.  It is exciting to me to see the "standard" sales coming back and those are usually the first to sell because in the past a short sale or an REO took so long to get done.

Apr 07, 2011 07:12 AM
Jared James
Jared James Enterprises - Milford, CT

Great point Linda. If you look at the graphs you see that California has had one of the highest percentage of distressed sales over the last year but as a result has some of the fewest months of shadow inventory coming up. It is not shown on this post but California will probably be one of the first to get back to a "traditional" market because of this. On a side not I am speaking in California next week and looking forward to it!

Apr 07, 2011 07:17 AM