Share Hollywood Park Homes: Dog Days of Summer

Thursday, August 19, 2010

Dog Days of Summer

It's HOT.  That's because it's August in south Texas.  We've finally reached (and crossed) the 100 degree mark for the first time this summer, so, can Autumn be far away? 

Meanwhile the HP real estate market remains crowded with 40 available homes still, and only 9 homes under contract.  There have been 36 sales thus far, so we're continuing at the 50 to 60 sale pace that was set earlier in the year, even though we have a LOT of homes on the market. 

Buyers are still out there shopping, even with the hot humid weather, so sellers are encouraged at the moment.  Interest rates are now an unbelievable 4. something rate, a real boon for buyers looking to qualify for a larger home than they expected.  We'll see how long that continues, and whether our larger than average inventory begins to dwindle.

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