REAL ESTATE CYCLES
This blog article especially applies to Texas, and even more exclusively to Tyler, Texas; but it is certainly true of many other places in this country. Here at http://www.johncmartin.com/, I don't claim to be an economist, but the cycles are apparent to anyone who has been around for a while.
Neither will I pretend to have the graphics that might go with an economist's article. But there are distinct, chartable increases and decreases in real estate activity, and always on an upward slant. And we're talking about closings, prices, appraised value, and tax revenue from assessed value. And the numbers of properties on the market nearly mirrors the four above categories.
Where in other locations around the country, the chart might jump around wildly, that regarding Tyler, Texas does not. Therefore (unless there is some significant interruption, such as 9/11) one can almost predict what will happen with real estate at any given time during the year. That's what one might term "stability". It's a good thing!
Neither will I pretend to have the graphics that might go with an economist's article. But there are distinct, chartable increases and decreases in real estate activity, and always on an upward slant. And we're talking about closings, prices, appraised value, and tax revenue from assessed value. And the numbers of properties on the market nearly mirrors the four above categories.
Where in other locations around the country, the chart might jump around wildly, that regarding Tyler, Texas does not. Therefore (unless there is some significant interruption, such as 9/11) one can almost predict what will happen with real estate at any given time during the year. That's what one might term "stability". It's a good thing!
posted by John and Flo Martin at 2:07 PM
0 Comments:
Post a Comment
<< Home