Friday, March 07, 2008

MARKET BOTTOM?

Only two percent of the mortgages approved in 2006 and 2007 are in foreclosure or near foreclosure. And the vast majority of that two percent are in six markets around the country. Investment bankers are projecting that those six markets haven't bottomed out yet, and probably won't until, maybe, late 2009.

Many other markets, such as Tyler Texas Real Estate and East Texas Real Estate, have stable, or near stable, prices; and foreclosures are near zero. Availability of properties to buy is up about ten percent, so it's a great time to hunt for your ideal home or ranch. http://www.johncmartin.com/ is ready to serve you in your hunt!

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