I have begun to see increased activity from potential buyers in the past two weeks. Builder subdivisions in McKinney are seeing more traffic and our resale listings are also seeing increased traffic. I gave a potential buyer a chart that graphs mortage interest rates since 2000 until today. His conclusion was that he probably will never see rates this low again. We then began looking at new construction and narrowing builder selection and floorplans. I have several other buyers who have been sitting on the sidelines tell me this week that they think they need to act. We have sold and closed transactions in the last couple of months but have not seen this amount of active buyer activity.
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