“The timing is always a bit different throughout the nation. Some states reflect changes a bit faster than others, but it all moves in cycles. Right now the real estate cycle is on the downswing,” she said.
“We see houses sitting on the market for a much longer time, prices are being reduced, and the multiple offers flood has subsided,” Detro said.
“In other words, there is a hint of returning to a more normal market. As we go through this period, just remember what every Default agent knows, ‘what goes up. must come down.’ Historically, the cycle changes approximately every 10 years. So, hang on for the ride during this correction because it is coming. Meantime, we will continue to navigate this strange beast together.”
About Default Industry Leaders
Default Industry Leaders is a non-profit organization. Any proceeds from this book will be donated to charitable causes.
Features and benefits of DIL for Professionals:
• Nationwide networking with the most experienced REO/Default Realtors at all conferences, gatherings, and events.
• Several proprietary (in-house) networking events give you a chance to interact with REO vendors and decision-makers.
• Exposure to our Agent Directory (which can also help your online SEO presence)
• Interaction with REO/Default leaders on our website and Facebook Group.
• Our website and Facebook page will give you the ability to stay on top of all breaking news related to REO/Default.
• Help contribute to our many charitable causes to feed the hungry, help women’s shelters, donate to disaster-stricken areas, and take care of our soldiers.
Learn more about Default Industry Leaders.
