Tuesday, April 9, 2013

Weekly RE/Short Sale Digest

This Weekly RE/Short Sale Digest is recap of the distressed market seeking to empower 
those willing to work and learn new concepts with the knowledge to do so.  

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Short sale experts reveal knowledge behind the industry

How to survive in the 'new housing market'

Survey: 77% of Americans Believe Housing Crisis Is Not Over

Foreclosed Properties Damage Quality of Life for Neighbors
http://www.dsnews.com/articles/foreclosed-properties-damage-quality-of-life-for-neighbors-2013-04-01

Real estate apps can be overwhelming, addicting

Home Prices Swing Up in March, Rents at Stand-Still

Asking prices on single-family homes rose in March,while high inventory flattened out rent prices,according to Trulia¹s Price and Rent Monitors. Basedon data on for-sale homes and rentals listed on Trulia,the monitors take into account changes in the mix oflisted homes and reflect trends in prices and rents forsimilar homes and similar neighborhoods through the endof March. With the spring house hunting season upon us,Trulia reported a 7.2 percent year-over-year increasein asking prices on the national level (8.0 percentexcluding foreclosures). On a seasonally adjustedbasis, prices rose 1.1 percent month-over-month (1.4percent excluding foreclosures) and 3.5 percentquarter-over-quarter (4.0 percent excludingforeclosures.) On the apartment side, rents rose 2.9percent year-over-year. Taken together, national rentswere up 2.4 percent year-over-year in March. While oversaturation has hindered single-family rent pricegrowth, it may provide a boost in the purchase marketvery soon.

Hiring limps in March

Hiring slowed sharply in March, with the economy addingonly 88,000 jobs, the lowest monthly gain since lastJune. Economists were expecting an increase of 190,000jobs. The unemployment rate slipped to 7.6%, accordingto a Labor Department report released Friday. Expertshad expected the jobless rate to remain at 7.7%. Butthe decline is not good news: It's because nearly500,000 people dropped out of the labor market. Theslower hiring will certainly make people lessoptimistic about economic growth going forward," saidJohn Silvia, Chief Economist at Wells Fargo, who alsoattributed part of the slowdown to seasonal factorsthat have dampened job growth each spring since theGreat Recession.
And remember, for you investors reading this, to be made aware when
our new short sale training system will be ready go here to reserve your spot:
http://www.flipfreeprofits.com

And for any Realtors/Listing Agents reading this, all you need to do is contact
me for any of the following reasons:

***You have a current short sale listing yet no buyer
***You are about to go on a listing appointment that will be a short sale (or about to list a short sale)
***You would like to learn how to market effectively and truly capitalize on this once-in-a-lifetime opportunity

Because remember agents, "You'll never talk to the bank, and I'll never touch your commission!"

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