CITIES

Now, since the Fed's going to print another$250 billion to bail out the economy, you'll probably have to spend $3.00 for every Euro when you go to Europe! And the cities, which have SO MANY vacant houses sitting around, are begging at the Federal trough for their own bailouts.

Last time I looked, we had only ONE foreclosed home in Tyler, Texas. But we have an increased number of homes for sale; so it's a good time for buyers! Come on in........!

http://www.johncmartin.com/, or call me at 903.530.3380.

HOME TRENDS

What are the new trends? What are folks looking for in the homes that they want? Well, here they are!

1) They don't want their homes to be obsolete in ten years.
2) Stop the "trendy" stuff that makes homes obsolete in ten years!
3) Make the kitchen a great looking room in the house. Stop the granite and stainless surfaces; and hide the appliances.
4) Make the master bathroom a "nesting" place where folks spend extended periods of time.
5) Incorporate electronic monitoring for the whole house.

Sounds like the real-deal to me!

http://www.johncmartin.com/
Tyler Texas Real Estate

BANK PROBLEMS

It's pretty clear that the fraudulent mortgage loan practices of some brokers has placed some big banks in jeopardy, because the larger institutions buy up large loan packages in the secondary market. We'll probably come out of this eventually; but the economic scenery is going to change.

However, there are lending institutions out there that are trying to loan money to worthy buyers. They want borrowers; and they have money!

The last time I looked, we had one (1) foreclosure for sale! Tyler Texas real estate is still strong. Bring your cash or your loan requirements; beautiful Tyler Texas and East Texas has some great properties for you. And the market here is still very optimistic.

Activity

Well, don't let anybody tell you that there isn't optimism in the air for real estate! Activity has kicked in - big time! Folks are wanting to move to Tyler Texas and buy something. I can't understand why they wouldn't. Lots of customers wanting to buy property; so call me. 903.530.3380.

REAL ESTATE ECONOMICS

HAPPY NEW YEAR!

We're getting feedback on 2007, and it looks as if the government numbers (a 35% drop in new home sales) is polled from only five states!! And those five are the ones in which there was a sharp run-up in prices.....ergo the hardest hit when the fraudulent mortgage fiasco became public. Five states! Now, how is that serving the market? Just five? Why don't the others have a say in the averages? In Texas, for example (especially East Texas), we've not had much of a slowdown. Somebody needs to call the Texas Association of Realtors, or the Tyler Association of Realtors, and get some real numbers.