Real Estate News
The Los Angeles Times business news reports the following: "Southern California home sales fell to their lowest level in nine years last month as price appreciation continued to take a haircut, data released today showed."
Several counties showed price depreciation, while others showed slight price appreciation. Closings of escrow were off up to 27%. We're hoping that our friends in Cal. have a "soft landing" rather than taking a beating in the market.
Buyers are certainly looking to save money here in East Texas too, but our market is still pretty strong. Interest rates have hurt, but availability of choices have made Tyler and surrounding counties a good buyer's market.
Several counties showed price depreciation, while others showed slight price appreciation. Closings of escrow were off up to 27%. We're hoping that our friends in Cal. have a "soft landing" rather than taking a beating in the market.
Buyers are certainly looking to save money here in East Texas too, but our market is still pretty strong. Interest rates have hurt, but availability of choices have made Tyler and surrounding counties a good buyer's market.
posted by John and Flo Martin at 2:40 AM
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