Top Ten For 2010

Top ten for 2009

10 F l ill l d h t l10 - Foreclosures will slow down as more short sales go through and loan modifications become more acceptable to banks

9 - As loan programs continue to change or become obsolete, more loan officers will leave the lending b ibusiness

8 - Adjustable rates will go lower as the Fed continues to lower its rates and will help boost sales in some areas

Top ten for 2009p

7 – Locally, new home sales will be flat as developers stay firm on lot prices However if demand happens to decreasefirm on lot prices. However, if demand happens to decrease substantially, prices will come down as builders will “write down” lot costs on land they are currently holding.

6 - Builders will consolidate offices, sell multiple neighborhoods from fewer sales locations, and will close down design centers as a cost saving measuresaving measure

5 - New home sales agents will leave the business

4 - More real estate offices will close and others will consolidate

Top ten for 2009Top ten for 2009

3 - More agents will defect from the business

2 - Prices will remain stable in Northern Virginia Areag

1 – RE/MAX Gateway will grow in knowledge, skills, trainings, agent count because we will be able to grab top talent from other g pcompanies with your help, volume, number of transactions and as a

result have Premier Market Presence


10. House values will stay stable in most price points below $400,000 and will drop in mid price points-$400,000-$800,000. Fewer buyers will take advantage of market conditions and consumer confidence will keep them where they are today.

9. More agents will exit the business as the business becomes more specialized.


8. Foreclosure inventory will increase nationally- ours will see a slight increase but won’t have a significant impact like it has in recent years. Any foreclosure inventory locally will get absorbed quickly as we have such pent up demand.

7. Short sale inventory will be bigger than foreclosure inventory7. Short sale inventory will be bigger than foreclosure inventory nationwide – including our area. It is important to understand how they work, get a designation to take advantage of this opportunity and to understand how to get them through.


6. More agents will go “green” as this will become an even greater “buzz” word going forward. Get ahead of the curve and get a green designation today.

5. More real estate offices will close, merge and we will see additional acquisitions-boutique real estate offices will become a thing of theacquisitions boutique real estate offices will become a thing of the past as agents and clients demand more technology and services that smaller firms cannot afford.


4. Unemployment will rise through the first half of the year then level off late third quarter – we can’t get any worse than we are nationally. Locally, we are in good shape with unemployment and we should hover around where we are today.

3. Social media marketing will be even more in the forefront moving3. Social media marketing will be even more in the forefront moving into the future- get on board or get left behind. The consumer embraces this medium…so should you!


2. Videos will be more prevalent in agent’s marketing of homes and themselves. Get proficient in the use of flips, camcorders, and digital cameras that have recording features.

1. Interest rates will rise in the second quarter and beyond as the government gets out of the MBS buying business, and the springgovernment gets out of the MBS buying business, and the spring market always results in an increase in rates.

Now go sell something!

Real Estate

Top Ten For 2010