Everyone can't stop talking about the current state of the real estate market.
Throughout history, the economy has had its ups and downs. In fact, it follows a curve that rises as the economy improves and falls as it declines. Over the last few years, both the economy and real estate market have been on a downward trending curve, and everyone is feeling the pinch.
But recently, there have been rays of hope in the real estate arena.
This summer, news organizations across the nation started reporting positive news concerning the housing market. According to NAR, pending home sales are up for the fifth month in a row, the first time in six years for such a streak. Mortgage interest rates continue to stay fixed at historic lows and construction spending is on the rise. Bloomberg news recently reported that new home purchases climbed 11 percent in June, the biggest gain in eight years.
“July 2009 is the first month in four years where unit sales increased over the same month a year ago,” said Steve Murray, editor of REAL Trends, a leading provider of trends and research for the residential real estate service industry for the past 20 years.
In addition, the overall economic atmosphere is beginning to see signs of recovery. Payroll losses have slowed and unemployment rates are declining in a new report from the Labor Department. According to Career- Builder, the popular employment website, 48 percent of workers that were laid off from full-time jobs in the previous three months have found new full-time positions. Consumer and manufacturing confidence is up, and many companies are starting to show profits after a year of losses.
The good news doesn’t stop there, though.
“At Better Homes and Gardens Real Estate Metro Brokers, there has been a 20% increase in both contracts and closings from May to June,” said President and CEO Kevin Levent at a recent sales meeting. “It's clear that the economy has is beginning to turn around, with the real estate market at the forefront of that change.”
Levent also mentioned that buyers should act quickly to take advantage of the low prices and interest rates. "As the market continues to improve, home prices will rise and interest levels will return to normal levels. This is still the best time to buy a home, especially with programs such as the $8,000 First Time Homebuyer Tax Credit only being available for a limited time."
Better Homes and Gardens Real Estate Metro Brokers has 28 metro Atlanta and north Georgia offices and offers a wide range of real estate services including residential and commercial sales; pre- and post-license training; corporate relocation; new home sales and marketing; and insurance, mortgage and title/closing services.
The company is the largest Better Homes and Gardens Real Estate franchise in the world and has more than tripled in size over the last five years with almost 2,200 licensees, making the company the largest license holder in the state of Georgia. BHGRE Metro Brokers is also the number one selling broker in metro Atlanta and north Georgia.
To contact BHGRE Metro Brokers, call 404.843.2500 or click contact us
