Larry & Laurie Wall of The Wall Team would like to send the warmest Christmas wishes to you and your family.

May God shower his choicest blessings on you and your family this Christmas and New Year!

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Survey: Homes Are Selling Faster

Sales are quickening their pace as the time to sell a home decreases and falls more in line with a “balanced” housing market, according to new research by the National Association of REALTORS®.

The median time a home listed for sale was on the market in July was 69 days, down from 98 days one year earlier. Broken down further, one-third of homes purchased in July were on the market for less than a month, and one in five of homes purchased in July were on the market for at least six months.

“As inventory has tightened homes have been selling more quickly,” says Lawrence Yun, NAR’s chief economist. “A notable shortening of time-on-market began this spring, and this has created a general balance between home buyers and sellers in much of the country. This equilibrium is supporting sustained price growth, and homes that are correctly priced tend to sell quickly, while those that aren’t often languish on the market.”

By the end July, a 6.4-month supply of homes were on the market at the current sales pace. That is 31.2 percent below year-ago levels, when there was a 9.3-month supply.

With supplies of homes tighter, economists expect home prices to continue their trend upward.

“Our current forecast is for the median existing home price to rise 4.5 to 5 percent this year and about 5 percent in 2013, which is somewhat stronger than historic norms because of the inventory shortfall that is most pronounced in the low price ranges,” Yun says.

Source: National Association of REALTORS®

Laurie Wall with The Wall Team with Re/Max Heritage would like to make 2 announcements and give you an update on the Tarrant County Housing Market.

To find out more about our services please go to our website or Facebook page and call us at 817-427-1200. We want to be a real estate resource for you, family or friends.

If you are considering buying a home, selling a home or both, call the experts that have over 105 years combined knowledge of this area to help you. Drop by our Colleyville office anytime.

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New-Home Building at Highest Level in 3 Years

The home-building industry continues to dig out of its slump as the pace of construction posts big jumps for single-family and multifamily houses. Builders had a level of starts in June not seen since October 2008, the Commerce Department reported Wednesday.

Housing starts in June soared 6.9 percent, reaching a seasonally adjusted annual rate of 760,000 units. Broken down, single-family home construction, which makes up the largest segment of those new housing starts, increased 4.7 percent in June. Multifamily housing starts, considered a volatile segment of the market, jumped 12.8 percent last month.

Housing starts were nearly 24 percent higher in June compared to last year at that time.

“Housing continues to be the one sector of the U.S. economy that is outperforming expectations,” Michael Gapen, an economist at Barclays, told Reuters.

Still, while housing starts posted a big leap in June, new housing permits — a gauge of future building — dropped 3.7 percent in June.

Source: “Housing Starts Are Up, but Building Permits Decline,” Reuters (July 18, 2012) - Daily Real Estate News | Thursday, July 19, 2012

Interior Repair Hot Spots Where Sellers Should Focus Their Attention

Selling a home is hardly ever free of headaches. For some just the scrubbing, sprucing and staging required to prep a home for the market can seem overwhelming, but the work doesn’t end there. It’s imperative that sellers don’t ignore necessary home repairs that a buyer’s inspector might uncover during an inspection.

Even small problems can result in buyer requests for repair or replacement credits that can drastically reduce the final sale price, and drastically reduce a seller’s satisfaction with the overall transaction.

Prepare your soon-to-be seller clients ahead of time with our free handout designed to help them focus on the interior hot spots that they can’t afford to overlook. The time and money spent addressing these issues ahead of time can add up to thousands that won’t be chopped off their sale price once a buyer’s inspector makes the rounds.

http://pro.truliablog.com/sellers/interior-repair-hot-spots-where-sellers-should-focus-their-attention/

It’s important to keep fresh content on your website at all times.

Jay Young takes new photos of North East Tarrant County’s Top Producer Laurie Wall

Mary Ruth’s YouTube Video was recently Featured under

“Network Videos” in the RE/MAX Texas Newsletter. 

Thank you RE/MAX of Texas!

How Reading Books Will Impact Your Future?

 Laurie Wall of The Wall Team with Re/Max Heritage II says aside from the “Bible”, her favorite book would have to be "The Go Giver". She has just finished reading "Delivering Happiness" which she states is also a great read. Several of her other favorites are "Goals", “Good to Great", “7 Habits of Highly Effective People” and “Love Is A Choice”. These books have helped Laurie & Larry tremendously with their vision for their lives and business. Laurie added that her 2 favorite novels are “Redeeming Love” and “Severe Mercy”. Laurie & Larry both love reading books because it changes their perspective and enlarges their thinking.

Someone once told Laurie many years ago, "Where you will be in your life in the next 5 years will be greatly affected by the people you meet and the books you read”. This has proven true for her life. The books she has chosen to read have shown her new principles and ideas of what is possible. Reading about what other people have done is very inspiring and challenging to her. Laurie adds that Reading keeps your mind growing and expanding. “Whatever you fill your mind with is what you will become”.  

The Residential Real Estate Market is Really Heating Up!

Today is May 8^th and we already have 23 contracts (properties) scheduled to close this month. We have taken 20 new listings this May and most of our properties are receiving multiple offers on them. We listed a House last Friday and by Sunday had 3 offers on it. If you are thinking about listing your house or know of someone that is considering listing please don’t hesitate to call us today 817-427-1200

 Fran Fischer is our Closing Manager and Irene Mochulsky is our Listing Manager on The Wall Team with RE/MAX Heritage.