United Field Services, Inc.

🎉Happy New Year from United Field Services! Wishing you a year filled with success, happiness, and new opportunities. Here’s to a bright 2025!✨

🎄Merry Christmas and Happy Holidays from United Field Services! Wishing you a season full of joy, warmth, and bright moments.✨ _____ #MerryChristmas #HappyHolidays

🏘️📈 Could higher property taxes be the key to increasing homeownership and reshaping housing affordability? This study reveals surprising insights: ✔️ Tax Dynamics and Housing Prices ✔️ A study by the Minneapolis Federal Reserve suggests that higher property taxes in California could lower housing prices by up to 20%, encouraging older homeowners to sell and increasing housing inventory for younger buyers. ✔️ Potential Homeownership Growth ✔️ Doubling property taxes in California could boost homeownership among people aged 25-44 by over 7%, according to the study. ✔️ Impact on Landlords ✔️ More housing inventory at lower prices could shift demand dynamics, potentially influencing rental markets and pricing strategies. ✔️ State Comparisons ✔️ California's low property taxes keep older homeowners in place, limiting supply, while Texas' high property taxes encourage turnover, resulting in more housing availability for younger buyers. ✔️ Policy Implications ✔️ While higher taxes may benefit younger buyers, critics argue they could burden existing homeowners further, highlighting the delicate balance in housing policy. 📌 Source: https://lnkd.in/eUGW2yhx #propertytaxes #housingmarket #landlordinsights #realestatetrends #singlefamilyhomes #housingaffordability #residentialrealestate

Happy Thanksgiving!  We're grateful for our amazing clients, vendors, and team. Wishing everyone a day filled with gratitude and joy. #Thanksgiving #Gratitude #Thankful #HappyThanksgiving

📈 Affording a single-family home is now tougher than ever. 📈 📊 A recent report reveals that Americans need to earn nearly $108,000 annually to afford a single-family home in most cities—a staggering jump from $56,800 just five years ago. As housing affordability plummets, only 36% of households can afford to buy a home, down from 59% in 2019. This affordability crisis hits hardest in cities like San Jose and Los Angeles, where less than 15% of households can cover housing costs. On the flip side, cities like Cleveland and Memphis remain more accessible, with around half of households earning enough to buy. 📊 For landlords, these trends signal increased demand for rentals as potential buyers are priced out. REO agents could see more foreclosure opportunities in high-cost areas where homeowners struggle with rising mortgage rates and property costs. With the median U.S. home price hitting $394,000 in 2024, the market is reshaping fast, and staying ahead of these shifts is crucial. 📍 Source: https://lnkd.in/eJ-_yBmP #HousingMarket #RealEstateInvesting #RentalDemand #Landlords #REOAgents #SingleFamilyHomes #HousingAffordability #PropertyManagement

❓Can AI reshape how REO agents handle legal work?❓ 🌐 Artificial intelligence is making waves in real estate legal work, offering REO agents powerful tools to manage large volumes of legal documents with speed and precision. AI can review hundreds of contract pages in seconds, flagging critical terms, identifying risks, and suggesting edits—all tasks that often slow down the foreclosure process. 🌐 A recent Stanford study showed AI’s potential to assist in redacting outdated racial covenants from property deeds, reducing manual labor for counties like Los Angeles by millions of dollars. For REO agents, this means faster, more accurate document handling, which is essential when managing large portfolios of foreclosed properties. 🌐 However, adoption remains slow. While 70% of legal professionals are exploring AI, only 8% currently use it. Challenges include data security risks and the occasional misinterpretation of legal language, emphasizing the need for human oversight. By blending AI efficiency with human expertise, REO agents can tackle routine legal tasks efficiently while focusing on high-value responsibilities. 🔎 Source: https://lnkd.in/eVBPHmne #AIinRealEstate #REOAgents #Foreclosure #PropertyManagement #RealEstateTech #LegalTech #ResidentialRealEstate

We honor and thank all those who have served. #veteransday

REO expert Tom Trevett reveals how the foreclosure market is rebounding in Upstate New York: 🏘️ Rising REO Inventory The REO (Real Estate Owned) sector is experiencing a significant increase in foreclosures in the Capital District after a pandemic-induced decline. 🏘️ Future Foreclosure Trends High interest rates and inflated home prices may lead to more foreclosures, presenting potential opportunities for REO agents and investors. 🏘️ New Real Estate Laws Impacting Commissions Changes allowing sellers to negotiate real estate commissions could reshape the industry, affecting buyer's agents and first-time homebuyers, especially those relying on FHA loans. 🏘️ Upstate New York Market Resilience Despite national slowdowns, the Upstate New York real estate market remains robust, with properties often receiving multiple offers and selling above list price. Read the full article to stay informed https://lnkd.in/ev2V_s93

The latest Auction Market Dispatch reveals a significant decline in demand for REO properties. 📉 As REO agents, it's crucial to stay ahead of these market trends. 📍 Auction Demand Decline: Average bidders per REO property decreased by 10% from Q2 and 8% year-over-year, hitting a 23-month low. 📍 Bidders Paying Less: Winning bids average 54.4% of estimated after-repair value, down from previous quarters and below 2019 levels. 📍 Supply Constraints: REO properties brought to auction are at 37% of pre-pandemic levels, down 40% year-over-year. 📍 Widening Bid-Ask Spread: The spread grew to 14 percentage points in Q3, the largest since Q4 2022. 📍 Regional Variations: Demand is increasing in the Midwest and Northeast but decreasing in the Southeast and West. 👉 Read the full article to get all the details and stay ahead in the market. https://lnkd.in/e-BKz6q5 ______ #REOAgents #RealEstateTrends #AuctionMarket #Foreclosure #PropertyAuctions #ResidentialRealEstate

🏠 Outsourcing helps the real estate industry leverage advanced technologies and improve data management, leading to greater efficiency and investor confidence. It also offers significant cost savings by reducing overhead and allowing companies to focus on core operations. Various models, like co-sourcing and lift-outs, provide tailored solutions based on asset criticality. ✅ This approach is particularly valuable for REO agents, enabling more effective portfolio management and optimized operations. 📖 Read full RSM article about outsourcing https://lnkd.in/ewa7-JUv