More good news for the national housing market struck on March 23. The National Association of Realtors say that the sale of existing homes rose 5.1 percent in February. That is great news. We already heard the news that housing starts were up in February, but it was quite a relief to hear that existing home sales were also up. Why? What does this mean? This means that people that are wanting to buy a new home and take advantage of low prices, low interest rates, or who just want to upgrade their home will have no problem selling their home.
Being in the home building business we get to hear people's concerns about buying a new home. For some they are worried about getting approved for a loan. But, most people are worried that they will not be able to sell their home because the market is "so bad". Well, it looks like the trend nationwide is upward. The existing home sales in DFW were also up, which is good news for everyone in the market for a new home.
Here is the article:
Existing Home Sales Up In February
This Happy News Brought To You By:
Newport Homebuilders
www.newporthomebuilders.com
469.854.6640
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