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Declining Sales Of New Homes Weaken Real Estate Market


Austin, Texas , March 30, 2011 – Foreclosures have driven down the prices of existing homes to a point that new home sales are grinding to a halt, which is damaging to both the real estate market as well as the rest of the economy.

The median price of a new home is now 30% higher than a foreclosed home, causing more people to purchase and rehab these homes rather than paying higher prices for a new home. The effects of this trend is reducing the number of new homes built, which leads to more unemployment in an industry that has been decimated since 2007.

“The secret to getting the housing market, as well as the economy, back into positive growth is to stop the ever increasing glut of foreclosures hitting the housing market,” says REI Maverick Phill Grove, CEO of REI Maverick ( and founder of the Mortgage Assignments Profits System. “By finding alternate ways to buy and sell homes that don’t damage the value of real estate like short sales and foreclosures are doing, we can help keep the pricing stable and start building houses again.”

The Mortgage Assignment Profits System is the REI Maverick’s revolutionary online real estate program that focuses on how to sell ‘un-sellable’ homes to ‘un-loanable’ buyers, a trend that is very popular in the current housing market. By keeping these distressed properties from going into foreclosures or having discounted sales, the median sales prices will increase and the real estate market can finally begin to improve again.

“Given the recent news of falling sale prices creating more motivated buyers, and fewer traditional buyers available due to Freddie Mac & Fannie Mae’s reforms, the stringent lending policies of the banks, and the pending rising mortgage interest rates, I believe that all Realtors, investors, and anyone interested in staying in the real estate market during these tough economic times will profit from the REI Maverick Mortgage Assignment program.” says Grove.

Phill Grove’s claim to fame is that he has conducted over 1,000 short sales over the last 8 years. More recently, Grove has become a highly sought after speaker and trainer in real estate investing circles nationwide, teaching his ’12 Ways to Buy and Sell Real Estate’ and most recently his ‘Mortgage Assignment Profits System.’ His Phillosophy (pun intended) is that “the biggest opportunities for wealth exist for those that solve the biggest problems during the biggest times of need, and there has never seen a bigger opportunity than now to grow rich while helping others.”

To learn more about Phill Grove’s online Mortgage Assignment Profits System, please visit


 real estate market
 housing market
 Mortgage Assignment

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