We have some great news in the DFW area other than the White Thanksgiving we celebrated. In an article posted by MetroTex, David Crowe, chief economist at the National Association of Home Builders says "The strong October results return us to the sales levels we saw earlier this year and negate the pause caused by the sudden jump in interest rates and we expect sales to continue to rise as pent-up demand is released and first-time home buyers creep back into the market." North Texas home sales are up and forclosures continue to decline according to the Texas A&M Real Estate Center. There was a 20% drop in the number of days homes stayed on the market in November 2013 compared to November 2012. This news goes hand in hand with recent rankings that 7 Texas cities are listed in the top 25 of the nation in creating jobs according to the Milken Institute's "Best Performing Cities" report.

The real estate market continues steadily to stabilize and based on reports from the Wall Street Journal and National Association of Home Builders across the country all regions posted double digit gains in new home sales for the month of October. According to CoreLogic data, lenders foreclosed on 7,624 area homes for the year ending in October — the lowest volume in forced home sales in more than five years!

For all of those who missed the boat on the home purchasing/selling spree in the spring and summer: have no worries, round two is back and we can help! Give me a call at 214-707-2655 or email at Richa@RichaGuptaRealty.com with any questions.