October 18, 2010 Real Estate Market Report for Fort Worth Texas

Home sales have been exceeding new inventory for the last few weeks. We have not turned the corner from a buyers market to a sellers market. But wait! What about the foreclosures pulled from the market as a result of the moratorium from the Attorney Generals office.

Now we have people that were in contract and now they don’t have a home bought because they can’t close, we have people looking to buy, now on the fence. We now have inventory removed but lurking in the shadows to come back into the market. Interest rates are looking for a reason to move higher.
You think Halloween is scary…Take a look at this mess.

Large Chart

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Happy Trails