Good Monday morning to you!
When the discussion of Real Estate comes up, everyone wants to point the finger a hundred different ways to explain why the market is or is not performing.
In all reality, there are just a few places to look for answers:
- Recent Sales Activity
- Mortgage Availability
Let's look at these on a local level...
Jobs - I attended the Wichita Falls Economic Forum this week, and found that Wichita Falls had actually created quite a few new jobs this year. Those new jobs and, of course, the jobs provided by Sheppard Air Force Base
give me great hope for the rest of 2011. A huge THANK YOU goes to our local business owners and Board of Commerce and Industry to keeping jobs in North Texas.
Recent Sales Activity - We have put a home in contract nearly every day this year, and we are up 40% YTD (last year was our firm's best year ever). The market is moving indeed, but PRICE is calling the shots. Which leads me to...
Inventory - We are at record levels of inventory at all price levels. Some of our market price ranges have over 12 months of inventory. See, www.TheFallsHomeFinder.com.
Mortgage Availability - I often hear that it is difficult to get a loan. This puzzles me. My personal stats show that I am qualifying over 90% of the clients that come my way looking to buy. Mortgage rates have never been this low, and we have plenty of happy buyers getting loans. See, www.ImAhappyBuyer.com.
If I can answer any further questions or serve anyone you may know this week, please let me know.
"What would our world look like if more people started projects, made a ruckus, and took risks?" Seth Godin