Bidding wars, absent from most parts of the U.S. residential market since its peak in 2006, are erupting from Seattle and Silicon Valley to Miami and Washington, D.C. The inventory of homes hovers close to a six-year low, while an increase in jobs and record affordability are tempting more buyers. The number of contracts to buy previously owned homes jumped 14 percent in February from a year earlier, the National Association of Realtors reported yesterday. North Dallas and it's surrounding cities are seeing this aciton as well. While listings will probably rise as banks accelerate foreclosures and sellers gain confidence in the market, the U.S. metropolitan areas with the strongest economies may be ready to absorb the additional inventory.
The housing crash is finally giving way to recovery in an increasing number of markets across the country including Dallas. The decline in unsold listings and vacant homes and the increase in rents presage better times ahead for single- family housing. About 2.43 million existing homes were listed for sale in February, the fewest for the month since 2005, the year U.S. home sales reached a record 7.08 million, the National Association of Realtors reported March 21.
Spring is upon us and with the great weather comes lots of great buyer's too! The good news is we are on an upward trend as our sales peak in June and July. With the insane growth spurt Dallas real esate is experiencing it is becoming one of the hottest in the nation! So Buyer's should be patient and Seller's should move faster. In great areas such as Frisco/Plano seller's are prompting these bidding wars by purposely pricing thier homes a little low engaging buyers to fall in love with the property instigating multiple offers. This spring is forecasted to swell in the coming months as lenders allow more foreclosures to flow onto the market. The top U.S. mortgage servicing banks, which agreed to a $25 billion settlement over foreclosure abuses last month, slowed the pace of foreclosures as they negotiated for more than a year with state attorneys general.
North Dallas and surrounding areas are hot hot hot. If you are ready to move or thinking of moving give me a call! I would love to start the bidding wars on your property today!
JP And Associates REALTORS (JPAR) is one of the top 100 independently owned brokerages in the US. A full service real estate brokerage firm specializing in real estate sales and marketing services with multiple offices across the US and expanding quickly. JPAR is also one of Real Trends top 500 Brokerages in the US for volume and sales and in the top 1% in the US for sales.
Our mission is to provide extraordinary services and exceed our clients’ expectations by always committing to the highest levels of professionalism, ethics and standards in the real estate industry.
JP and Associates REALTORS is a real estate company with a solid structure and foundation built around service and productivity. We believe in providing a fun and rewarding environment for all our REALTORS® and therefore always ready to support our REALTORs® Associates in any market and in any condition. All our REALTORs® will always strive to close more transactions in a given year than the average REALTOR®. Our goal is to recruit and retain the most professional, better trained REALTORs Associates in the local market.
If you are interested in a new career in real estate or already have a real estate license but wish to learn more about our company please contact us directly to set up an interview. We offer our agents a 100% commission plan, company leads, training and mentoring and coaching from TOP Producers with no office, desk fees or monthly marketing fees ever. We are a full service brokerage at a transaction fee cost.
At JP And Associates REALTORS we strive to exceed our Clients AND our Associates expectations.
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Office Number: 1 (800) 683-5651
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"Somehow my wife came across Gary's name in the process of searching for homes to buy. Prior to that, we had had no experience with him or Keller-Williams. Here's how the process went for us:
Over the course of two weekends, Gary showed us no less than 20 homes. He helped us narrow-down the list, suggested more homes for viewing, and discussed the pros and cons of each home we saw. His advice was honest, forthcoming, and impartial. When he thought a home wasn't right, he said so. When he thought a home was a good deal, he said so, too. But he didn't merely give his opinion, he backed it up with facts and figures.
Once we started making offers, Gary provided invaluable advice on the legal and financial processes, and actually fought for us and our interests during the whole process.
Simply stated, I've never seen a real estate agent as good as Gary. It's not just his knowledge and responsiveness, but also his willingness to protect his clients and fight for their interests, and of course his friendliness. When you do business with Gary, you're getting a lot more than "just" a real estate agent. I cannot recommend him highly enough. "