New Home Sales were up last month 27%. It was the fastest single-month jump in 47 years. Many skeptics are saying that it was just the market trying to do a last minute reaction to the new homebuyer tax credit that ends next week. Others are predicting sales later in the summer will drop. Others are saying that it is the economy recovering and people feel more secure about their jobs and are restoring their faith in the real estate economy.
My wisdom points me to believe that the future is difficult to predict. But I will say that people are getting loans and they are buying homes. Transactions are being closed and deals are being done. That is a huge improvement from where we were just one year ago when even large lenders were making program changes on an almost weekly basis. Sometimes this industry has to weather the storm. My thoughts are that things are getting better and that is a good thing. If you or someone you know wants to get into the real estate or mortgage industry, it's a good time to turn to the experts at the Praedo Institute. We will help you hit the ground running. Mortgage brokers and real estate agents who need continuing education can also take advantage of our summer discounts.
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