bret1218's blog

SAN FRANCISCO -- Reluctant to engage in social media? Wary of sharing too much of your real estate data? Camera-shy? Get over it -- a successful real estate business plan puts the consumer, not the agent, at the center, said several speakers at this week's Agent Reboot event in San Francisco.

"The consumer does not care how many awards you have on your business card. They couldn't care less that you're No. 1 since 1987 in your service area. They care about the service you're going to provide. It's a consumer-centric era," said Sherry Chris, CEO of Better Homes and Gardens Real Estate.

"The consumer is king. Case closed. Period. There is no going back."

Las Vegas has long been a Mecca for gamblers, but now it's the go-to place for real estate investors who want to clean up on rental properties.

Nationwide, the opportunities for this kind of investing haven't been this good in years. Not only are home prices way down but interest rates are near all-time lows and rents are climbing.

In May, according to the National Association of Realtors, 19% of home purchases were for investment, up from 17% in 2010.

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Delinquencies remain ex-traordinarily high
Delinquencies remain near all-time highs. How high are we talking? According to Lender Processing Services, there were 7.4 million delinquent loans (60 days or greater) at the end of March. The number of loans moving from seriously delinquent to foreclosure in-creased in March. They won’t, but if all of these loans de-faulted and the underlying properties were sold in a dis-tressed sale (foreclosure or short sale), that alone would represent two full years of an-nual sales volume.
This is how we get our Properties.
go to
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