Sales volume for August was surprisingly low. Normally July is the slow month for the summer as folks are on vacation and busy with family reunions. Most folks want to get their kids in school and usually will purchase a home in August in a frenzy. This year was different. Unfortunately, I don't know how to account for it. Fannie Mae and Freddie Mac were in their last days during August but nobody knew they were going into convservatoriship until this month.
It will be curious to see how September's sales turn out on the whole. Interestingly, my personal business is up despite all this. I can attribute it to prospecting, perseverance, and providing professional service.
Here is the chart:
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