Press Release
Weichert, Realtors Expects Demand for Homes to Remain Strong This Fall
9/27/2005
MORRIS PLAINS, NJ – Back-to-school time typically brings a spurt in home buying.
Weichert, Realtors, with over 350 company-owned and franchised offices in key markets, keeps a close watch on market activity. Based on early fall home sales, this leading real estate company expects the autumn market to be right in line with tradition.
Jim Weichert, president, said, “Buyer demand remains strong throughout our offices. This year is solidly on course to be one of the highest volume for home sales on record.”
He continued, “From what we see in the field, there is a healthy pace of sales activity on all price levels. Going forward, homeowners can expect to enjoy the gradual price appreciation that has made real estate an attractive investment for generations.”
According to Weichert, Realtors, key to real estate’s sustained strength are historically low interest rates, along with the increasing expansion of the U.S. economy. Interest rates are forecast to remain low for the foreseeable future, and that will help keep monthly mortgage payments affordable.
And while fuel prices have escalated in the aftermath of Hurricane Katrina, the economy’s sound underpinnings should ensure that the housing market remains robust. The low unemployment rate stemming from the resurgence in new jobs, steady gains in personal income, and booming population growth are all enormously positive factors fueling demand.
Weichert said, “We have every reason to believe that the housing market will continue to be a prime driver of the U.S. economy.”
Weichert has more than 16,500 sales associates in over 350 company-owned and franchised sales offices in key markets throughout the U.S. A family of full-service real estate and financial services companies, Weichert helps customers buy and sell both residential and commercial real estate, and streamlines the delivery of mortgages and home and title insurance. For more information, call Weichert's customer service center at 1-800-USA SOLD or visit Weichert's Web site, www.weichert.com. Each Weichert franchised office is independently owned and operated.