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"Mark Wolfe Sees Real Estate Market Improvement in 2012" - REMAX DFW ASSOCIATES
“Our agents are excited about 2012,” notes Mark Wolfe, president of RE/MAX DFW Associates. “We have had a continual improvement month over month since last summer and there is real promise about 2012.
“Our agents are excited about 2012,” notes Mark Wolfe, president of RE/MAX DFW Associates. “We have had a continual improvement month over month since last summer and there is real promise about 2012. We start the year much stronger than in recent years, and the sales activity in December was particularly strong. I do not remember a year when we were so busy between Christmas and New Years. We are up 35 percent in sale pendings over January 2011.”
And the enthusiasm for the New Year can be found not only with the agents at RE/MAX DFW Associates, but with the RE/MAX agents nationwide. RE/MAX LLC, the corporate headquarters for the RE/MAX network, just released its findings of a national survey. More than 1,000 RE/MAX residential agents provided responses for the survey conducted in December. Participants offered their thoughts on market conditions and consumer behavior in 2011, as well as predictions for the New Year.
Here’s a glimpse at some of the December survey’s highlights:
•39% of RE/MAX agents believe that prices have already hit bottom
•73% of RE/MAX agents say their markets will have emerged from declining home prices by the end of 2012
•62.1% of agents predict good to very good sales in 2012
“The RE/MAX Public Relations Department was surprised at the findings,” notes Wolfe. “The extensive survey found that RE/MAX agents believed the worst was over and things were moving in the right direction. The agents are upbeat and fourth quarter numbers nationwide certainly support the enthusiasm.”
“In the DFW market, the respected California-based housing analyst predicts that DFW home prices should rise 5.8% by the end of 2012,” continued Wolfe. “This will be the first increase since 2007 and after four years of a declining market. Interest rates remain low. Builders are buying lots with the expectation of a good 2012 and a robust 2013. We have weathered the storm and consumer confidence in the Dallas market is upbeat. The pent-up demand is out there, especially among young first-time homebuyers. I am very optimistic about 2012.”
RE/MAX DFW Associates was founded in 1983 and is part of the world-wide RE/MAX network in 85 countries and 90,000 agents. Today the firm has six offices: Carrollton, Coppell, Flower Mound, Frisco, Irving and Plano. The company closed almost 4,000 transactions in 2011, including sales and leases. Information regarding RE/MAX DFW Associates can be found on the firm’s website at www.rmdfw.com, or its Facebook page at https://apps.facebook.com/
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RE/MAX DFW Associates one of the premier Texas Real Estate Brokerages. RE/MAX continues to be the real estate leader in Dallas/Ft. Worth & Denton Texas area. RE/MAX DFW Associates is the largest RE/MAX Company not only in Texas but in the Southwestern USA