Thursday, January 26, 2012

Existing home sales are on the rise

When you turn on the national news you might believe the real estate industry is in full distress and stagnate.

Myth: Very few homes are selling.
Myth: No one can get a mortgage right now.

The National Association of Realtors released their Existing Sales Report, revealing a positive outlook on the real estate industry. According to the report, an average of 12,109 homes sell in the United States EVERYDAY.

In addition, when you look at properties purchased with a mortgage the numbers are also encouraging - 72% of the transactions closed are with a mortgage. Break that down into numbers, 8,719 of the 12,109 transactions are people qualifying for a loan to buy their home.

Fact: Homes are selling...and they are selling in NE Tarrant County too!
Fact: Almost 3/4 of the buyers in the market are obtaining a new mortgage.

Are you ready to start the buying or selling process? Call the Grove Team, Keller Williams Realty to start your personalize real estate experience.

(817) 337-0000

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