Five Star Institute President and CEO Ed Delgado dove into the default, foreclosure, and REO industries in a webinar presentation on Thursday, May 19, to advise members of the Five Star’s Federation of REO Certified Experts (FORCE) of past and present market conditions.
The FORCE is Five Star's organization of residential agents and brokers working in the field of real estate owned (REO) properties.
Recent housing data has continually painted a picture of a recovering housing market, and the same proves true for the REO market. In light of the strengthening housing market, Delgado emphasized the need for adaptation among companies in this space.
Delgado noted that data indicating ongoing declines in foreclosures and delinquencies points to a discernible recovery in the housing market.