Take a look below at the Regional Market Snapshot for September 2, 2012. It will show you current real estate inventory and homes for sale for areas such as Louisville, Taylorsville, Mt. Washington, Southern Indiana, and numerous other areas. It will give you statistics for the past 30 days in real estate as well as a year’s worth of real estate listings.
Click here, or on the image below, to view a full-sized, printable version of this week’s Regional Market Snapshot.
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.