March 10th, 2015 12:01 PM by Leonard Silvestri
A recent study in mortgage volumes in the United States released by the National Association of Realtors revealed that January 2015 saw a huge increase in new mortgages applications. According to the study U.S. home buyers completed more contracts for purchasing pre-existing homes than recorded since August of 2013.
This increase in potential home buyers shows a positive trend in the real estate market and an upward resurgence of property purchases. Mortgage lenders and real estate brokers have referenced that the market is moving in a positive direction, and this report shows strong evidence in favor of that theory.
So where do we go from here? The best time to take advantage of an upward trend is at the beginning of the ascension. Making the most of a growing real estate market with competitive buyers and willing pre-existing homes for sale starts with pre-qualifying your purchase. This aggressive strategy places potential buyers far ahead of the competition and implies to owners that your bid is more serious and credible than others. If you're looking to take advantage of the growing real estate market and boost in pre-existing home sales contact our office. Call 561-395-4264 and get pre-approved today!