2010 Mega Trends in real estate that you need to pay attention to…..

1) Short Sales becoming the preferred ’solution’ to stave off the never ending increases in foreclosures…in most markets short sales will dominate. Agents who have learned how to do short sales will be what we term..the New Mega Agent. Agents, Learn the right way to do short sales…right now. Watch the FREE Agent Short Sale Secrets video and download the FREE Agent Short Sale Secrets book <–Click Here.

2) MORE government programs, policies, intervention (meddling) that will result in the existing real estate industry losing its traditional dominant control over housing..

3) Vastly more people leaving the real estate industry vs new people becoming agents. In California, unlike previous recessions where people became agents when they lost their jobs..in other words higher unemployment = more new agents. Now the trend is the exact opposite. Agents leaving and fewer people wanting to become agents. What will this mean going forward in terms of the influence the NAR has in D.C.? Fewer agents means less income…less lobbying….less influence.

4) Mega Brokers becoming Mega Virtual Brokers. We expect that there will be several national real estate brands that turn away from the traditional real estate ‘body shops’ where the goal was more (and more) agents. Replaced with 100% virtual offices where the agents will be held to higher standards.

5) The long standing American ethos of…owning a home…is gone. More people will reject that their brand of the American Dream must include home ownership.

6) The death of the McMansion. Demographics simply don’t bode well for home owners with McMansions. Bottom line, there is a massive over supply of these types of homes. Evidence of this changing trend is…

7) Jumbo Delinquencies. Sure, some homeowners with these McMansions are missing payments due to hardship. However, studies have proven that the more educated, the more ‘wealthy’ someone is the more likely they are to do a strategic short sale (or foreclosure). As you will learn in this video, 9.6% of ALL Jumbo Mortgages were delinquent in December. Its predicted that 10% of all Jumbo Mortgages will be delinquent in January!

Watch this great CNBC video for more proof that the day and age of the McMansion are over….

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