See video below for an update on the Wichita Falls MLS Statistics for October 2009.

83% of the market sold was under $180,000 in the month of October for the Greater Wichita Falls area. There was a total of 118 sales, 67 of which were between $70,000 and $180,000. We can see that the 1st Time Home Buyer market is staying fairly strong and will probably continue to do so into 2010.

Upper end homes continue to be sluggish, offering great opportunities for buyers.

Interest rates also hit the lowest we've seen in a long time - 4.25% fixed for 15 years with a FICO score of over 740. These rates will not stay here long-term.

For more information or to have questions answered, email Ashton @ ashton@bishoprealtors.com.