Saturday, October 18, 2008

Existing Home Sales Up

Both in our Bryan and College Station market, as well as the national market existing home sales were up in September by a significant 7.5%. This was unexpected as the economists were predicting furthur slowing.

Unfortunately this news was almost lost in the landslide of almost apocoliptic news in other fronts. For those of your that are news hounds, however, remember that bad news sells good or average news seldom does.

Headlines that splash are "Economy is hitting rock bottom" not "Our economy isn't growing as much as hoped, but is on the rebound".

We get many phone calls both from potential buyers and potential sellers asking about the market. We do have many people sitting on the fence but overall its still a very strong market.

It is especially important to have an agent that is experienced in Bryan and College Station real estate right now as there are some potentially rough waters to negotiate in the loan, appraisal and closing phases. It is just as important to have an excellent local lender on your side, as they are much more aware of potential issues than your larger, out of area, lenders.

In short our market is still moving. Prices are up modestly (that's typical for our market) and loans are still available.

Call today to start your own personal search or click on our MLS search and enter your criteria, price range and whether you are looking for Bryan or College Station or one of our outlying areas and we'll keep you up to date with all the new listings. If you're ready to search call and we'll arrange a time when we can meet (yes, weekends are always a possibility with advance notice) and arrange appointments to see the homes that either best suit your needs, or you are most interested in if you would like to pick. My Buyers Agent and I will show you a variety of different homes within your criteria and aren't the type of agents that show you 3 or 4 and encourage you to pick.

If you are interested in selling your Bryan or College Station home call today for a free market analysis.

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