Each and every week, there are things going on that impact housing news and the real estate market. Sometimes there are big changes to federal and state policies that impact the distressed property world. Other weeks, there is business news and distressed property news about government programs for distressed borrowers. Or, there are hot topics that impact real estate agents. As such, it’s great to have a weekly housing update.
Weekly Housing News for Week Ending May 30, 2014
Read below to learn about some of the interesting housing news and weird stuff that went on this week in the distressed property and real estate agent arena:
- Foreclosures Linked to Spike in Suicides It’s not surprising that when people are facing foreclosure, they may be pretty depressed. The good news is that there are answers and solutions. Sadly, however, there has been a spike in suicides that has been liked to the recession. Check out the 4-1-1.
- Gag Orders and Loan ModificationsThis is an interesting bit of news especially for anyone who has conducted a loan modification. Did your come with a gag order? You have to check out this dsnews article.
- Should You Offer Perks to Get Buyers to Your Listing? Exactly how important is it for you to get buyers in the door on your listing? Do you think that you should give away bonuses or commission credits? Read one way to get around this common practice.
Let’s Continue the Real Estate Conversation I’ve been seeking the secret to success in short sales and beyond for many years. And if you are active in real estate, then I am sure that you have, too. Being a successful real estate professional is challenging, and there was probably no more challenging time in the last fifty years to be a wildly successful agent than during the Recession. Interestingly, that wild and crazy ride has taught us some very interesting things about what it means to be successful in real estate.
During that time, the percentage of working real estate professionals declined by half. Agents were fleeing the profession and taking jobs in a variety of other fields. If you managed to make it through, you probably have your share of war stories: hour-long hold times, calls rerouted to India, and homes stripped over everything including the kitchen sink. Now that I’ve been there and done that, I’ve put the valuable lessons learned from my experience into a book—a book entitled Been There, Done That: Ten Agent Success Principles from a Short Sale Insider, currently available on Amazon.
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In any case, there’s lots going on in the housing news arena. And, if you are actively working with ‘distressed’ borrowers and housing, it’s important to keep up with the news and all of the changes in the industry. Sometimes that’s hard, which is why we’ve provided you with a weekly recap of the distressed property news and housing news right here.
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