•A Recession is a terrible thing to waste – this is when Millionaires are created!
•We are hear to be motivation coaches
o We must encourage our clients and at the same time educate them to live within their means
o 30% of all homeowners own their home free and clear
o Of the other 70%, 96.7% of them are NOT in foreclosure
•You must know your local market because Real Estate is Local!
o 3 states carried the majority of this real estate depression: California, Florida and Michigan
o CA had a 16 month inventory that is now 6 months – ppl are buying up inventory
o Las Vegas was one of the worst cities for foreclosures
o Even towns within the OBX can vary from being up, down or stable - FORECLOSURE ONLY MADE UP 20% OF ALL OBX SALES FOR 2009'S 2ND QUARTER!
•We all are getting a better perspective and this will lead to a healthier economy in the long run
o Is our current dilemma not being able to get a home equity to buy a flat screen?
•All markets are cyclical and will have valleys and mountains
o Experienced a recession in the 70’s, 80’s and 90’s – and there will be more highs and lows to come
o Great Depression
Dow down 98%; Dow now down 51%
24% unemployment (only based on the fact that males were employed); now 8% unemployment including males and females
•So much more opportunity now
o Rates are at 20 year lows – 6% high rates vs. 18% rates of Great Depresssion no comparison!
o Home prices are at 30 year lows in comparison to income
o Inventory is way up, so you can now easily find the perfect home
•We are now getting back to sustainable homeownership
o Buyers are thinking long term again
o Taking pride in ownership again
o Having reasonable down payment money is a good thing
o Huge opportunity for 1st Time Homebuyers
Wednesday, July 29, 2009
Saturday, July 18, 2009
Tuesday, June 16, 2009
Monday, June 15, 2009
Friday, June 12, 2009
Saturday, May 23, 2009
Subscribe to:
Posts (Atom)
