If you are in business for yourself, or in sales, or possibly a manager whose sucess is dependent on generating revenue, it's important to think outside the "box" and be flexible. I wanted to share with everyone that the first half of January, 2010 has been one of our most successful ever! About 75% of this revenue was generated from non-lending appraisal work. Typically, 85-90% of our business has come from providing appraisals for lending purposes.
Moral - Don't feel like you're doomed when your industry is "down." Think outside the box.
HOLDING STEADY
Good news for LA and Orange county homeowners: It appears that property values have stabilized in most neighborhoods. This is according to the latest statistics compiled by Dataquick, one of the main providers of real estate data.
Our recent experience in the local market confirms this info, and even those neighborhoods that are still declining are typically doing so at a minimal rate. And while there are no guarantees that there will not be another cycle of depreciation, most experts feel that any further decline will be moderate at best. So hang in there, maybe things are looking up!