Well it is officially very hot here in Central Arkansas and so is the real estate business. At least that is what we are seeing so far. I don’t know if the rise in interest rates caused this spark or if we are seeing a bit of a rebound in the overall industry. I can tell you that purchases are picking up and the refinances are levelling out. To me this is all good news… we can’t afford to put all of our eggs in one basket, that being the refinance market. Of course, we take what we can get; however, we must keep looking for ways to expand our market.
Realtors, let me know if you are seeing your business picking up. It is beginning to feel like a typical summer with the purchases beginning to roll in. Let’s hope it continues for a couple of months!