People Are Buying Homes AND GETTING MORTGAGES!

Many believe that very few houses are selling and that almost no one can get a mortgage. We want to let everyone know that neither of these assumptions is true. Recently, the National Association of Realtors (NAR) released their Existing Homes Sales Report. According to the report there are, on average, 12,109 homes selling in the United States EACH and EVERY DAY! That means that approximately 12,000 houses sold yesterday, approximately 12,000 will sell today and approximately 12,000 will sell tomorrow. So the thinking that homes aren’t selling just isn’t true.

Another interesting fact in the report was that 72% of these transactions were accompanied by a mortgage. That means that approximately 8,719 people qualify for a mortgage on a daily basis in this country.

There are over 12,000 homes sold and over 8,000 mortgages granted every day. The real estate market is doing better than many believe.

Courtesy KCM Blog

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About Bruce Bachtel

The Bachtel team serves buyers and sellers in the Upstate area of South Carolina. (Including: Greenville, Spartanburg and Anderson counties and the following cities: Greenville, Simpsonville, Mauldin, Greer, Travelers Rest, Easley, Powdersville, Duncan, Moore and others). Our team is ready and willing to help you with the sale or purchase of your home.
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