Market Spotlight on 2011

It is important to remember that all real estate markets are essentially local. The economic environment and employment situation can vary distinctly from area to area and impact the balance of housing supply and demand.

History in the making...



It's difficult to believe the average mortgage rate near the end of of 2010 was less than half the 30-year average of 9.0%. Many Americans have now grown accustomed to low interest rates, but the Freddie Mac Survey(1) that began tracking rates in 1971 registered a new and dramatic low of 4.19% in October 2010.

Historically low rates market it possible for more people to purchase a home or refinance a mortgage and enjoy reasonable payments for years to come.


Are you ready to take the next step in homeownership? Whether you are looking to buy your first home or make a move up, the Grove Team is available to walk you through each step of the way. Contact us direct today, (817) 337-0000.

Find us online and search properties with the MLS, www.groveteam.com. Follow us on Facebook and Twitter!

(1) Freddie Mac Primary Mortgage Market Survey, October 2010 (for prime borrowers with 20% down payment)

* Information provided through Buffini and Company, 2011