Sunday, July 22, 2012
2012 -- First Half Joy!
1st half of 2012 update -- the Ebby Halliday Companies, including us at Dave Perry-Miller & Associates, have sold more than 1300 residential properties so far in 2012. We are in a dynamic market, which everyone reading or listening to the media knows by now. When Buyers are asked what are the reasons for their motivation, they say "it's a great time to make a good deal", or "these mortgage rates are insanely low", and it looks like they've been saving up over the past 5 years to make the 20% down payment. A large down payment gives them the opportunity to increase their equity as time goes on, instead of losing it immediately with a 1% down payment, a job change, market shift or life event. Buyers are believing in real estate again as a good investment, they feel better about our "American Dream" of owning your own piece of the world. Now, if the lenders, leaders and policy-makers refrain from greediness (right), maybe the residential markets will continue to settle down and be a place where people want to stake their claims. Go Texas!
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