SURGE

Iraq isn't the only place having a surge. With new and existing home sales on the rise, and the fed ready to cut the inter-bank interest rate by 50 basis points, and with the 898 point rise today on Dow Jones, and with banks looking forward to Friday when they get their federal bailout money, folks seem a bit optimistic!

Home prices are still falling, which isn't good for future foreclosures, but it most assuredly is a great time to buy a home! We're here for you when you're ready, at Tyler Texas real estate, http://www.johncmartin.com/.

p.s. the lenders are ready too, should you need a loan.

SURGE

Iraq isn't the only place having a surge. With new and existing home sales on the rise, and the fed ready to cut the inter-bank interest rate by 50 basis points, and with the 898 point rise today on Dow Jones, and with banks looking forward to Friday when they get their federal bailout money, folks seem a bit optimistic!

Home prices are still falling, which isn't good for future foreclosures, but it most assuredly is a great time to buy a home! We're here for you when you're ready, at Tyler Texas real estate, http://www.johncmartin.com/.

p.s. the lenders are ready too, should you need a loan.

SOME GOOD NEWS.

The National Association of Realtors said Friday that sales of existing homes rose by 5.5% in September compared to August, the best showing since a 5.6% increase in July 2003, during the five-year housing boom.

Although the stock market is down again the morning, I think that folks are starting to wake up to the fact that real estate is the perfect place to put cash in a scary market. With the country printing money and giving it away everywhere, there's no doubt that the dollar is going to lose value, while goods and services will inflate. In this coming scenario, solid investments right now in real estate will preserve value over the long term. Check with us at http://johncmartin.com/.

REAL ESTATE BLUES

The complaints go something like this: "My adjustable rate mortgage on my $300,000 home is set to go up dramatically. And I can't refinance my home with a fixed rate mortgage, because the appraisal is now only $150,000! What can I do?"

Folks are hurting all over the place, but especially in those areas where prices spiked so quickly. And things are going to get worse for them when cities and counties and school districts begin raising taxes on homeowners in order to cover their own shortfalls.

The point here is, that as buyers seek to put their money in something solid (i.e. real estate), they need experienced realtors to help them. At http://www.johncmartin.com, our thirty five years as realtors can give you some confidence concerning your investments. You want to buy; you need to buy! What better place than Tyler Texas real estate? And what better way to do it than with a savvy realtor?

ONE DAY

Today was a rather brisk trading day! Up 936 points. That may cause some to put away their fears about the economy......at least for now. But my contention is, and always has been that, in bad times, the best place for cash is in real estate. It's always there; and if you take care of it, it will take care of you.

Call us; or email us at john@johncmartin.com and let's talk!

HOME SALES RISE

This from Fox Business News:



"Pending sales of existing U.S. homes unexpectedly jumped in August to the highest level in over a year, data from a real estate trade group showed on Wednesday. The National Association of Realtors Pending Home Sales Index, based on contracts signed in June, rose 7.4% in August to 93.4 from an upwardly revised index of 87.0 in July. The August reading was 8.8% higher than a year earlier, and the highest level since 101.4 in June 2007. Economists polled by Reuters ahead of the report were expecting pending home sales to drop by 1.8%.

The association's senior economist Lawrence Yun said home buyers responded to improved affordability, with home prices low and mortgage rates down after the government takeover of Fannie Mae and Freddie Mac."

At http://www.johncmartin.com/, we don't think anyone should fear buying a home right now. In fact, it is the best time to buy.....especially right here in East Texas.

MORE BAILOUT

This is my first post since the bailout was approved. I wrote my two senators, who voted "aye", and I told them that I was going to have to re-assess my votes for the future. It's estimated that there is about fifty times the bailout at risk in derivatives; so the $810 billion thrown at it, out of our pockets, is a mere pittance. Should property values continue their downward trend, foreclosures will certainly increase. And worthless derivative instruments will be added to the ones already there.

Tyler Texas real estate has so few foreclosures that we don't even show up on the radar. And the local banks have plenty of money to lend to credit-worthy customers. Buyers with some cash, and with good credit, shouldn't worry at all about putting their money into real estate in Tyler Texas. In fact, it's the safest place for your cash!

POWER GRAB

Folks, this $810 billion bailout is the worst power grab in US history. I've not seen worse as far as I can remember. Roosevelt and the new deal may be close. And the ones appointed to fix it are the very ones who caused it! In a constitutional republic, a free market economy is absolutely essential. But it looks as if some don't want us to have that free market.