MORE NUMBERS
The numbers are out for the last week of 2008. Home purchases, reflected in the numbers of mortgages approved, moved up 1.4%. That's good! But home prices continued to decline, totalling 18% for 2008. That's nationally. And it's a huge number. And it's an average. Some areas of the country have experienced much greater decline. And the numbers are projected to get worse before they get better.
However, home prices in Tyler Texas have remained steady. Although we have a greater number of properties on the market, we also have a steady stream of buyers. And money isn't tight in East Texas, either! The big lenders are very tight with money; but money is readily available locally.
As I've said previously, it's time to put your money into solid real estate. It's safer. And real estate is usable. And it's not declining in value. Your cash should now be used to buy things of value.....like real estate in Tyler Texas.
However, home prices in Tyler Texas have remained steady. Although we have a greater number of properties on the market, we also have a steady stream of buyers. And money isn't tight in East Texas, either! The big lenders are very tight with money; but money is readily available locally.
As I've said previously, it's time to put your money into solid real estate. It's safer. And real estate is usable. And it's not declining in value. Your cash should now be used to buy things of value.....like real estate in Tyler Texas.
posted by John and Flo Martin at 5:50 AM
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