Its true! Home Sales have risen 7.2% from June to July. Did you know this is the BIGGEST increase month-over-month in almost 10 years? That is great news!
How did this happen? Well, there are 3 main reasons that home sales have increased.
- Lower Prices - Higher inventory has brought down many home values. This is good news for buyers, but not so great for sellers.
- Low Interest Rates - Rates were at an all time low in February 2009. But just because the media stopped talking about the rates does not mean they have jumped way up. Rates are still fantastically low!
- First Time Home Buyer Tax Credit - Although I am not convinced that this sparked a ton more buyers, it certainly did not hurt at all. However, I am sure that many First Time Home Buyers purchased a little earlier to ensure they received the credit. Hey, why not!
************************************** If you live in the state of Texas and are looking for a reliable Mortgage Professional to assist you with the loan product that best fits your financial situation, give me a call. We do not charge upfront fees to run scenarios or charge unnecessary application fees. Do you want to know all of your options? Call me today and let's discuss them further. Always available for your Frisco Texas Mortgage needs! John Cannata Reliant Mortgage p# 214.545.5604
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Are you are looking to buy or sell a home in Frisco or another city in North Texas? Perhaps you love your home but would be interested in refinancing to a lower interest rate? If so, then I can help.
I can help you get pre-approved for your a new home loan in Texas and even suggest some very knowledgeable and professional Real Estate Agents in your area of choice. If you are available to talk, I am available to listen. Give me a call any time or visit my website for more details.
Do you want to know all of your mortgage options? Call me today and let's discuss them further.
Always available for your Texas Mortgage needs!
John Cannata LegacyTexas Mortgage p#972.325.4912





