Indicators Hint at Better Days Ahead

Everybody needs a place to live! As employment conditions and consumer confidence improve, a greater number of potential buyers will return to the housing market.

Do fewer households harbor pent-up demand?

Only 357,000 new households were created in 2010 - down more than 70% from the average of 1.3 million per year recorded from 2002-2007*. The 63-year low resulted from lower immigration rates and the fact that more Americans moved in with family members or doubled up with friends during a time of greater economic instability. New household formation is expected to return to more normal levels as the recovery continues**.

Are you looking to create a new household in 2011? Whether you are thinking of buying, selling or both, the Grove Team is here and available to work with you every step of the way. Call us direct, (817) 337-0000.

Find us online, www.groveteam.com

Sources: Brian Buffini, * US Census Bureau, **Harvard University