| The National Association of Realtors reports more than nine in ten Realtors say the market is recovering, as they embrace “technology and business practices to ensure the home buying process continued in a safe manner.” And that recovery is V-shaped. This is great news! More good news…Purchase mortgage applications are up year-over-year between 13% and 33% the past seven weeks, and up 54% for new homes, while pending homes sales rose 44% last month.Home builders are joining the party too. Housing Starts jumped 17.3% in June to a 1.186 million annual rate. So it’s no surprise the National Association of Home Builders July confidence index tied its March pre-pandemic read! It appears the economic recovery in the US is being led by the real estate market. The inventory is low, interest rates are still historically low creating an amazing time to sell, buy or invest. Do you want to be part of this recovery? If so, please give me a call at 214-769-2947. Beth Brake: Team Lead |
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