Latest Statistics in for Third Quarter Home Sales in Texas

According to the Texas Quarterly Housing Report, issued by the Texas Association of REALTORS and compiled by the Real Estate Center at Texas A&M, statewide home sales were up 18% in the third quarter of 2011 with prices holding steady. Statistics for area cities will be released as they become available.

Part of the increase could be linked to housing becoming more affordable. In 2010, housing affordabililty was at its highest rate in the past 20 years. First time home buyers are pleased with their home purchases:

• 67% were able to purchase a home sooner than they expected


• 50% were able to purchase a home in a better neighborhood than they expected


• 61% purchased at a better price than they expected


• 43% were able to lock in a better interest rate than expected

To talk about why purchasing a home in today's market is a smart decision, call the Grove Team at 817-337-0000 or contact us online at www.groveteam.com.