ASREOS Blog: Is The Economic Recovery In The Same Sinking Ship As The Housing Recovery?

The Dow’s back below 10,000 as I write these words. The BP oil spill will cost states that border on the Gulf of Mexico tens of billions of dollars. The only new jobs that are being created are being created by the government – and they’re only temporary census jobs. The weak recovery that the U.S. economy has mounted is already in jeopardy.

There’s no question that most real estate professionals are desperate for a bounce in both home prices and buying activity. There’s also no question that, with the economy still bogged down by unemployment and tight credit, home loan delinquencies will continue to rise and the shadow inventory of REO homes will continue to dominate the real estate landscape.

As I write in my new article, “REO Listings: New Recession to Spur More REO Properties?”, there really isn’t much of a glimmer of good news anywhere, except in the REO marketplace – where the numbers are more unbelievable than ever. It’s gotten to the point where, as I write in the article, Freddie Mac is hiring REO Agents for the first time in its history!

Freddie’s a little late to the party, to be honest. Many real estate firms are opening REO divisions and searching for qualified REO agents and brokers so they can continue to do business. Every real estate pro knows that REO homes are going to be big business for years to come.

And, again, that’s why I began ASREOS (the American Society of REO Specialists) a few years ago. By offering both veteran and newbie REO professionals top-of-the-line resources from the best REO agents in the business, they get an immediate edge in maximizing the opportunities of the current red hot REO business climate.

As a matter of fact, I have posted on the members-only section of www.ASREOS.com a how-to article on how to get listings from Freddie Mac.

So please, if you are a member, make sure you’re using all the advantages ASREOS is offering you. If you’re not a member and you’re serious about a career in REO sales, consider joining. This is the time to make the move.