Mortgage application volume hits multiyear low (AP)
<p><a href="http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20080820/ap_on_bi_ge/mortgage_applications"><img src="http://d.yimg.com/us.yimg.com/p/afp/20080819/capt.cps.nil92.190808205850.photo00.photo.default-512x338.jpg?x=130&y=85&q=85&sig=gbpUbfPLbQEQEdVUGWh9vQ--" align="left" height="85" width="130" alt="The Freddie Mac headquarters in McLean, Virginia. Investments in the bonds of struggling US home-loan financers Fannie Mae and Freddie Mac have earned Russia more than a billion dollars in the past six months, press reports said Tuesday.(AFP/File/Paul J. Richards)" border="0" /></a>AP - Mortgage application volume fell last week to its lowest levels in more than six years, the Mortgage Bankers Association said Wednesday.</p><br clear="all"/>


because there is not a great number of homes for sale in this price range, yet there continues to be strong demand for this price range.

The supply of houses is much better for houses priced over $200,000. This does not mean much for sellers, though, because buyers control this segment of the market. At the current rate of sales, there is an 11-month supply of houses in this high end of the market. There are several new developments in this price range including townhomes and new subdivisions.

Buyers have even more control over the market in the $300,000 to $400,000 price range where there is enough supply to last an entire year. The majority of these homes are brand new.

Investors in Fayetteville, Springdale, Rogers real estate market will find it difficult to make profits from the sale of homes on the high-end. The price isn’t a major factor in the buyer’s decision to buy. Even pricing the home at the right price point might not be effective in this area.

An investor’s best bet for making a profit in the Fayetteville, Springdale, Rogers real estate market is in the low end area. There is a strong demand for real estate priced under $150,000. Because of this, sellers have a tight control over this area. There is great potential for financial gain in the low-end of the market.

It might be difficult for real estate investors to find investment property even in the low-end market. There simply is not enough supply to meet the demand for real estate in this area. Investors that have a significant amount of capital at their disposal might find benefit in new development areas for the low-end Fayetteville, Springdale, Rogers real estate market.
Ben Hirsh is the owner of the Ben Hirsh Real Estate Group and an expert on Woodstock GA real estate . His unique website features a helpful sellers page where he explains what he can do as your Woodstock GA listing agent to sell your home. The site also features a Woodstock GA MLS search, Search where home sellers can study other homes on the market.

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Ben Hirsh is the owner of the Ben Hirsh Real Estate Group and an expert on www.realestateinwoodstock.com/ "> Woodstock GA real estate . His unique website features a helpful sellers page where he explains what he can do as your www.realestateinwoodstock.com/stepsD.asp/ "> Woodstock GA listing agent to sell your home. The site also features a Woodstock GA MLS search, Search where ho


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