Surprise boost in housing sales

We finally got some good housing news in the USA. In my past blog posts i have been bad mouthing the National News. Well i have some good news to report.

Sales of new homes perked up in July, while factory orders took off, raising hopes that the economy can safely weather financial turmoil that has shaken Wall Street. New home sales rose 2.8% in July. I have noticed a spike in people also wanting to buy homes in the Dallas-Fort Worth Market also.  In the last 2 or 3 weeks I have had so many showings and contract i was thinking this is alot like 2006.

The housing reports, the improvement in sales reflected gains in the West and the South, where sales went up by 22.4%. That is great improvement.

Hopefully this good news will care into even more people thinking about buying. The home builders will love it. I hope this doesn't affect the prices and the discounts i am currently getting for my clients. I wrote a contract yesterday where the client saved 40,000 on a brand new DR Horton home in Mansfield Texas.

Call me

MIKE PANNELL
817-703-3238

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