Finally Some Good News in The Housing Market

By
Real Estate Agent with The Good Home Team with Keller Williams Realty TREC# 0549135

Barrel of oil soared to a new record today to $127.82, stock prices fell, consumer confidence is at the lowes level in 28 years, BUT the good news that came out today was the news in the real estate sector MSN.com writers Charley Blaine and Elizabeth Strott report's


"There was finally some good news about the housing sector this morning.
The number of housing starts rose a surprising 8.2% from March to April, to a seasonally adjusted 1.032 million annual rate, the Commerce Department reported this morning. Economists had expected a decline of 1.4% to an annual rate of 934,000.

Building permits also rose, up 4.9% last month to an annual rate of 978,000. Economists had been looking for a 1.8% decline. Single-family permits rose 4%, the first increase in more than a year. Building permits are an indication of future activity.
Year over year, housing starts were still pretty ugly, though, down 30.6%.
A survey Thursday showed that 6% of home builders said they believed the current market was in good shape. A whopping 69% said the housing market was in trouble, according to the National Association of Home Builders/Wells Fargo monthly index.
The Fed has "taken steps to stabilize the housing markets," said Jack Bouroudjian of Brewer Investments to CNBC. "We're still seeing the remnants of it . . . but I feel very comfortable in saying that the credit crunch is now behind us; it's yesterday's news. I think we are now at the bottom of the housing crisis
."


I've seen an increase in buyer's coming out of the woods and ready to start looking. This is the good news for the seller's who have had their home on the market for more than 5 months waiting paitently for an offer.

If you are thinking of buying a home in the Dallas/ Fort Worth area, give Nick Good of The Good Home Selling Team a call today! Nick has several good mortgage banker's ready to get you approved for a mortgage instantly.

100% financing is gone but there are still ways that we can get you into a home without paying a down payment (call me for details).

Nick Good
Realtor
Keller Williams Realty
469 951 4193 Cell
Email: NickGood@kw.com
www.NickGood.com
www.YourDallasMLS.com

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The Good Home Team

Keller Williams Realty

Nick Good- Broker Associate

Austin Good- Broker Associate/Investment Specialist

 

 

 

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