RETECHNOLOGY PREMIUM MARKETPLACE RELATED PRODUCTS | WEBINARS | SPECIAL OFFERS
You are viewing our site as an Agent, Switch Your View:
Agent | Broker Reset Filters to Default Back to List
Due to the ongoing situation with Covid-19, we are offering 3 months free on the agent monthly membership with coupon code: COVID-19A
UNLIMITED ACCESS
With an RE Technology membership you'll be able to view as many articles as you like, from any device that has a valid web browser.
Purchase AccountNOT INTERESTED?
RE Technology lets you freely read 5 pieces of content a Month. If you don't want to purchase an account then you'll be able to read new content again once next month rolls around. In the meantime feel free to continue looking around at what type of content we do publish, you'll be able sign up at any time if you later decide you want to be a member.
Browse the siteARE YOU ALREADY A MEMBER?
Sign into your accountGrowing Your REO Business
March 19 2014
Guest contributor Windy Keefe of REALTOR®Mag says:
Bank-owned inventory is slowing nationwide, but markets with higher levels still exist and are in need of REO agents and brokers to service them.
According to Clear Capital's Home Data Index, over the last 3 months (December 2013–February 2014) 14.3 percent of all sales were REO. While this percentage has improved, it's still higher than precrisis levels, which hovered around 3 percent. At the metro market level, many still see elevated REO saturation rates.
- Chicago: 25.6%
- Detroit: 25.1%
- Dayton, Ohio: 24.2%
- Miami: 18.7%
- Atlanta: 17.9%
- St. Louis: 17.4%
- Cleveland: 16.5%
- Columbus, Ohio: 16.5%
Listing REO properties continues to be a relevant, highly sought-after skillset. Brokers and agents with this expertise should make it know to those in need – that might mean a change the way you market your business.