Early this year we saw a great surge in homes on the market, showings per home and a great number of homes were closed. After the housing credit ended, showings as well as homes going under contract were greatly reduced.
Lon Welsh, President of Your Castle Realty has just released numbers showing that showings have finally increased leading to more homes going under contract than we had seen earlier in the summer.
Home prices are great for the new buyers or investors interested in increasing their portfolios. If you have been sitting on the fence waiting for some good news, this may be what you have been waiting for. Be sure and check out the statistics for your neighborhood and see where you are in the real estate cycle. With interest rates at a record low, this maybe the time for you to invest or purchase a home.
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