Wednesday, January 31, 2007

PESSIMISM?

A new Gallup poll says about half of consumers expect a housing-market collapse in their area over the next three years despite pundits' predictions to the contrary.

The West and the East coasts put most of that poll in the pessimistic column. The mid-west and the South were much more optimistic.

The reason? In Tyler and East Texas it was our steady 7 0r 8 percent annual increases in property values over the last number of years. We didn't have the big run up that caused everybody to buy in a panic. Real Estate is more stable here; and it's a much better investment because of it.

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