On a daily basis we people are analyzing the real estate market. Some of those experts are currently questioning whether the current page of the residential market is maintainable. One of the items they are questioning is if too many people are buying homes like they did prior to the mortgage crisis in 2008. Are consumers buying homes like it was 2004-2006? Are we heading down the road of another mortgage and housing crisis? If you look at the numbers, you will see that we are seeing a very healthy real estate market and your agents at Dewey Blanton Real Estate are very glad to see that.
Why the concern?
Some people are looking at the home sales for the last four years and wanting to compare them to the years prior to the housing crisis. However, when you look at the graphic below, you can understand that way of thinking.
However, if we go further back in history, we can see the real picture. After taking out the “boom & bust” years, the pace of sales is growing at quite a natural pace.
And new home sales are way below historic numbers.
Dave Liniger, Re/Max CEO explains:
“We expect a seasonal uptick in sales this time of year and March certainly met and somewhat exceeded that expectation. We don’t anticipate the tightening inventory to ease up in most markets until new home construction can catch up to its pre-recession pace. Until then, sellers will enjoy a fast-paced market and buyers will need to work with their agents to get in the right home.”
Bottom Line
The current pace of residential home sales definitely seems maintainable. When you are looking for real estate professionals, we hope that you will turn to the professionals at Dewey Blanton Real Estate. Whether you are looking in the Austin, Dallas-Fort Worth or New Braunfels markets, we have extremely capable agents ready to assist you with all of your real estate needs. Austin real estate, buying a home, home buying, Texas real estate, new Braunfels real estate, Dallas real estate, realtor
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