NEW NUMBERS

The sales of existing homes during October were off by 3.5%. That's a big number. So the problems are still with us. Sales of new homes was also down significantly. But the problem is mostly fear. Our government has scared everyone into inaction. I, myself, have reduced my spending on non-essential items; but, you see, there is a huge pent-up demand for housing. Folks want to upgrade; others wish to downgrade. New buyers want to come to the market. But they're scared. When it loosens, there will be a stampede to buy the best available properties. However, right now..... while sellers are more apt to reduce their demands..... is the best time to buy - especially in Tyler and East Texas - and especially if you have cash to invest in something solid and lasting. Expendable items and commodities are purchased, and then they're gone - used up. Real property, on the other hand, builds estates and value.