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On January 3, 2012, in Breaking News, Economics, by Robert Freedman
NAR released its latest pending home sales index figure last week and for the second month in a row the index is up. But more than that, the index has broken 100. This is significant because the only time since the housing boom collapsed that the index has broken 100 is when the home owner tax credit was in effect. The fact that the index has returned to that level a year since the credit has been in effect means the housing market is strengthening completely on its own, without any stimulus.
People Are Buying Homes AND GETTING MORTGAGES!
by The KCM Crew on January 11, 2012
Many believe that very few houses are selling and that almost no one can get a mortgage. We want to let everyone know that neither of these assumptions is true. Recently, the National Association of Realtors (NAR) released their Existing Homes Sales Report. According to the report there are, on average, 12,109 homes selling in the United States EACH and EVERY DAY! That means that approximately 12,000 houses sold yesterday, approximately 12,000 will sell today and approximately 12,000 will sell tomorrow. So the thinking that homes aren’t selling just isn’t true.
Another interesting fact in the report was that 72% of these transactions were accompanied by a mortgage. That means that approximately 8,719 people qualify for a mortgage on a daily basis in this country.
There are over 12,000 homes sold and over 8,000 mortgages granted every day. The real estate market is doing better than many believe.
As your Realtor®, I am making a commitment to fulfill my professional code of ethics and professionalism to my clients. My goal is to help you achieve your goals so that you complete the transaction with satisfaction and confidence to refer me to your friends, family and co-workers.
A Real Estate Professional is ready to help people with all their real estate needs; short sales, purchasing or investing.
Contact me for your FREE consultation and assessment of your needs.
Richard McCusker, Realtor®
Direct: 623.363.6100 | Email: richard@diamondbackrealty.com
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