After the holiday season we all get back into our work mode, and there is so much catching up to do that it seems impossible. Can you imagine if you were the ones doing research on the real estate market? It seems that it wouldn’t be that big of a deal, but with the revising and research to keep things up to date, it can be quite a job. December was much busier than many thought it would be, and although it didn’t surpass the numbers from the previous year, December was more profitable than November.
The sales were up 17.5 percent in fact, with more than 350,000 homes sold. In November, there were approximately 280,000 homes sold nationwide. In the grander scheme of things it may not sound like a lot, but I’ll take it. I personally wasn’t as busy with purchases, but refinances were a bulk of my business and still are. I think that this would change if banks would do better advertising to let people know that right now is a great time to buy. I also know from my own perspective in owning my own business that advertising can make you or break you if you spend your money in the wrong place. So, banks while losing money are probably not pushing the television commercials like they used to.
Sales are great, and hopefully sales will remain on an upward trend. Right now, it’s still a great time to buy; the question is whether or not families are prepared with a down payment and if their credit is in order. These two things are critical to buying a home, and if families don’t have it, they should wait awhile longer.
-Mayer Dallal
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