Raleigh Residential Real Estate – There is some good news for the Raleigh, NC real estate market. Good news for Raleigh, NC home buyers and sellers. Mortgage Volume Escalates After Thanksgiving

Raleigh Residential Real Estate – There is some good news for the Raleigh, NC real estate market. Good news for Raleigh, NC home buyers and sellers. Mortgage Volume Escalates After Thanksgiving

I am always amazed at the amount of negative news that is out there on almost every topic. As we have seen over the last months real estate has been talked down by just about everyone. Home selling stats are used to generate uncertainty and that uncertainty generates fear and fear affects what is bought and sold.

I do not mean to downplay the effect of the national downturn in real estate, but some in the news media jump on every statistic and then spin the worst case scenario. Today, I am happy to report positive news regarding real estate.

Today, the Mortgage Bankers Association (MBA) released the results of its Weekly Mortgage Applications Survey for the week ending November 30, 2007 and the mortgage volume soared after Thanksgiving. There had been an error in reporting due to Thanksgiving shortened week and the numbers had to be revised.

Read the full article: Weekly Mortgage Application Survey

Most of this increase appears to have been a result of refinancing as a result of lower interest rates. However, this still is good news for home sellers and home buyers. Lower interest rates are a good thing for real estate sales.

Visit our website and see our new home search tool or try in out by clicking here: Best Home Pro Search