Arlington Texas Real Estate Continues to Thrive - by Tom Brewer

Arlington Texas Real Estate Continues to Thrive Arlington home buyers and sellers have experienced a nice run of steady home values and home sales. Unlike other parts of the country, Arlington was not as adversely affected by the recent national economic downturn. There are several reasons for this but a couple of the primary reasons are the fact that Arlington did not follow the trend of inflated home values and it also had less under-qualified buyers receiving so-called “payday loans” from questionable lenders. Now that the economy has made a few strides n the right direction on the road to recovery, Arlington continues to thrive. New area businesses bring more employees needing homes so it just stands to reason that Arlington continues to have a healthy housing market. 2011 marked a good year in home sales and a reduction in the number of home being foreclosed. 2012 is expected to likewise continue to improve the market. Signs of improvement include increased builder activity. Significant highlights of the National Association of Realtors (NAR) Profile of Home Buyers and Sellers 2011 showed that:  37% of recent home buyers were first-time buyers, a drop from 50% in 2010.  The typical home purchased was 1,900 square feet, built in 1993, and had three bedrooms and two bathrooms.  41% of buyers and 39% of sellers found their agent through a referral from a friend or family member.  About half of home sellers traded up to a larger-sized and higher-priced home.  Recent sellers typically sold their homes for 95% of the listing price, and 61% reported they reduced the asking price at least once. Please go to Arlington Texas Real Estate for more information.