(Newswire.net via Emailwire.com — Februrary 14, 2013) Portland, OR — Nationwide, the number of homes in foreclosure during 2012 was down about 20 percent from 2011, according to data aggregator CoreLogic. “The most encouraging foreclosure trend reported here is that the inventory of foreclosed properties is almost 20 percent smaller than a year ago,” said Mark Fleming, chief economist for CoreLogic. “This big improvement indicates we are working toward resolving the backlog of the most distressed assets in the shadow inventory.” Home Buyer Demands have increased significantly.
In the Portland market, the percentage of sales of bank-owned homes (aka foreclosures or REOs), which had gone down every single month during 2012 (starting at 29.2 percent of all sales and ending at just 11.0 percent), rose slightly in January to 12.9 percent. Throughout the year, the percentage of short sales (when a home is sold for less than what the homeowner owes on it) accounted for about 12 to 15 percent of all sales. In January, short sales were 11.9 percent in Portland Metro, and they will probably continue to account for approximately this share of the market for months to come. Perhaps by summer, though, their number will decline, as the increase in housing prices lift homeowners out from underwater, putting them back into a positive equity situation.
As in any market, the consumer’s best decision is made in an environment of good information. Custom Real Estate Marketing Apps are one way that information flows to the fingertips of the consumer. Dan Crider, founder of the Real Estate Marketing App Store in Portland Oregon states that “the mobile consumer that Realtors now serve expect that information also be mobile.” Smart devices enable the untethered consumer the ability to draw on many resources. Crider notes that this “sometimes dilutes the degree of loyalty that the consumer has with any one Real Estate Agent. Agents are looking for ways to offer mobile information delivered on demand.”
Many agents understand the new economy that goes beyond “on-demand” The new economy extends the consumer’s wants and needs to an “as-demanded” level of service from the real estate agent.
Real Estate agents have discovered a way to increase client loyalty and get more closings, more money, more time and have more fun using feature rich custom apps designed with the agent in mind.
Additional Information:
Dan Crider
Real Estate Marketing App Store
dan@realestatemarketingapp.com
503-329-9109
http://www.realestatemarketingapp.com
15944 Fir Grove Ct Lake Oswego OR 97035