If you only read the headlines you would have missed the most important piece of the article posted here on the online version of Realtor Magazine.
It’s titled “Foreclosure Filings Went Up Last Month, But…” and the article is fairly positive and lays out the case for why we have such a strong market here in the U.S.
However, wrapping up the article is this little gem:
“Counter to the national trend, there are a handful of markets above prerecession levels, such as Baltimore (189 percent higher); Washington, D.C. (26 percent higher); Philadelphia (20 percent higher); New York (13 percent higher); and Hartford, Conn. (4 percent higher).”
It’s yet another reason we are going to be talking about the entire foreclosure process at WREIA this month.
If you are in real estate here in the DC area you already know that our market is different than the rest of the country.
It’s why some people really struggle with the investing part of our business. National headlines don’t always match what is actually taking place on the ground here locally.
The soup to nuts foreclosure process is lengthy and has many points at which you can step in as an investor and help people who may be facing this tough situation.
We will be discussing a few key points for investors in an interactive WREIA meeting this month.
How will the DC area real estate market respond if we do dip into another national recession?
What should you do as homeowners or renters to prepare?
Are online auctions as good as “real life” auctions?
Let’s cover a few of those questions and more this Monday at our April WREIA meeting.
As always – we will focus on the DC real estate market and how we as investors can best help people and make a profit at the same time.
Come out this Monday, April 15th, and hear what is working (and not working) across the DC area.
Join us at WREIA this month and you can learn from REAL PEOPLE having REAL SUCCESS in Real Estate.
Happy April!
John Peterson
Founder, Washington Real Estate Investors Association
Wholesalers – bring your deals to share with WREIA members!