Good morning! I hope you're well! It occured to me that I hadn't written a blog in a while.
I'm still Active here. Perhaps I couldn't think of anything intelligent to write about! That being said here are my thoughts for 2012.
I think things are slowly improving. Yesterday I was at a clock hour class for real estate agents about becoming an REO broker. The 12 agents there were learning about the ins and outs of REO's. A couple had a good game plan to go after the REO market and I think they'll be successful if they stick with it.
I also have had some good contacts with builders recently. Here at The Legacy Group we work with quite a few builders. This is primarily because their banks don't want to any more. The Seattle area was never hit as hard as other parts of the country but we weren't immune. REO's, short sales and foreclosures still make up 40-50% of the market here depending on the area. What this says is there is opportunity. The builders and real estate agents who realize this are starting to do well.
Will it be an easy year? The answer is things are still challenging. Loan originations are projected to be below the $1.2 trillion of last year due to refinancing running its course. But, again, there are plenty of people doing well in a tough market.
There you have it! Hopefully I can be a little more regular on the blog front this year. Have a great day!
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