RISMEDIA, July 21, 2009-“Sales have increased dramatically in the last 90 days due in large to a flood of first-time home buyers taking advantage of historically low 30-year fixed rate mortgages, the federal tax credit of $8,000 for home ownership and our 100% guarantee on price values,” states Howard W. “Hoddy” Hanna, III, Chairman and CEO. “We anticipate pricing of homes to continue stabilizing in all price ranges in the 3rd and 4th quarter of 2009,” he added.
During the month of June, the company listed 3,441 residential properties for sale (with a volume of $722 million and sold 3,861 (with a volume of $665 million). For the second month in a row, Howard Hanna’s Mortgage, Title and Insurance companies closed more than $120 million in new mortgages.
Total volume in June 2009 was 14,168 units with a volume $2.5 billion. This is a 39% increase in units from June of last year and a 30% increase in volume. Figures include written, listed and closed sales volume/units of Howard Hanna Real Estate, written and closed properties of Barristers Title Company and closed mortgage loans of Howard Hanna Mortgage.
For more information, visit www.howardhanna.com.
