Charles McMillan, President of the National Association of Realtors, held a conference in Ft. Worth, TX and told attendee’s that “The dream of homeownership is alive and well in the US.”

Highlights include:

• Homes are selling under two conditions.  People are buying, if the home is priced right and financing is affordable.
• Good news, if your home is in a first-time buyer’s price range.  The $8000 tax incentive is working.  Nearly half of all home sold have been to first-time buyers.
• Cheap prices drive sales.  In CA, NV, FL and AZ where prices are down over 50 percent, existing home sales are dramatically increasing.  Bidding wars are not uncommon.

McMillan is optimistic about the housing market, in spite of his real estate experience.  McMillan began his career in Fort Worth, TX in 1983, one year after the Texas market crash in 1982.  Ironically, the prices of home in Texas are still below their pre-crash levels, 27 years later.

Thank you for visiting Why 6 Percent.  If you want to market your home to 10 million home buyers each month, without paying 6 percent of your sales price to do so, call us today at 1-800-381-9496.