HOUSING MARKET

The National Association of Realtors said existing-home sales rose 3.9% in February to 6.69 million units, the biggest increase since December 2003. That followed a rise in January to 6.5 million. Economists had predicted a drop in the annual rate to 6.3 million homes last month. Even though there are more foreclosures nationwide, that's not a reflection on the demand for housing! It's the downside to reckless lending.

There is no housing crisis. The "scare" from the media has caused people to lay off a bit, but the numbers don't lie. There is still a pent-up demand for property. There is lots of money out there, and folks want a place to put it. What better place than Tyler Texas Real Estate and East Texas Real Estate?