Home Sales Up, Prices Down & Inventory Down. Makes sense!

So many articles on the housing and what should you belive?  Although this is a lengthy article and full of too many stats, it does show to me an obvious trend.  If home sales are up, it must reflect a supply versus demand relationship as the months of home inventory are down as well.  So, there are more buyers, fewer homes.  The question becomes, why are prices down?  Well, in almost any market or product, once prices fall enough, it will eventually trigger sales and the public pulse now says it is the right time to buy, hence sales are up.  So, there is a lot to considering but we may be on the verge of a great housing recovery!

http://www.realtor.org/press_room/news_releases/2011/02/january_above?cid=WR02232011:9380&ed_rid=363872

How to Assess the Real Cost of a Fixer-Upper House

Visit houselogic.com for more articles like this.

Copyright 2011 NATIONAL ASSOCIATION OF REALTORS®

Federal Reserve – Did we get an answer?

Interesting article about what Federal Reserve chairman Ben Bernanke had to say today.  It seems every article I read is “riding the fence”.  I am still not clear if we are in an economic recovery or not.  It seems any good news and the general media has a “yea but” at the end of the story.  Any bad news and the government as a “yea but”.   As usual, nobody wants to take a stand, at least not anyone with a political pulse.  

http://money.cnn.com/2010/08/27/news/economy/Bernanke_speech/index.htm

Tell me what you think?

Brides and Real Estate

MARRIAGE, BABIES & HOMES

Who would have thought about bringing these 2 together, but it makes perfect sense.  Marriage, buying a home and children, not necessarily in that order but none the less.  I wanted to send a special thanks to my good friend and client Andrea Porter at Circle Park Bridal  http://www.circleparkbridal.com for working with me at the Dallas Bridal Show a few weeks ago.  I had the privilege of meeting over 150 soon to be brides and helped answer their questions about purchasing a home in the Dallas area.  I had many looking for their perfect home in Frisco, Plano, Coppell, Dallas, Grapevine, McKinney, Allen and so many more places.  Even if they were not buying a home in North Texas, I was still able to assist them with questions and direct them to a more local Realtor.  As as Realtor, my job is to sell homes and assist buyers with their purchase.  But I must say, even though most of these soon to be newlyweds may not be in the immediate time frame to buy, it was such a reward to walk them through the process, explain the pitfalls and guide them on how to start preparing to purchase a home. 

NEVER TOO EARLY

 It is never too early to start preparing for your family and in fact, many times first time buyers and even repeat buyers find a small problem when they go to qualify for a loan and then it might take months to resolve.  So, start early, find a good Realtor (ME) and find out all you need to know.  Thanks again to Circle Park Bridal (don’t forget to shop for your wedding gown there) for this great experience and hopefully I will see you at the next Dallas Bridal Show in January.

WOW, can the press really be this negative?

WHY SO NEGATIVE?

I have been in the real estate/relocation business for years and it still amazes me how we react to the general media.  You could have nothing invested in the stock market, which most of us do not, and still we panic when there is a decline.  I often wonder how our economy would fair if we had no negative news for just one week.  It is a proven fact that a negative environment has an impact on our daily routine.  It would be difficult to start your day or end your day without the news and what is occurring around you.  However, let’s tap the breaks on the sky is falling. 

ALL IS GOOD 

The real estate business is still solid in North Texas, Dallas, Frisco, Plano, McKinney and many other areas as well.  We have been fortunate the homes values have not suffered as much as other areas.  So, let’s keep it positive!  Interest rates are at historic lows and that in itself should keep us focusing on the positive. 

Have a great day!

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