FEBRUARY
Although Tyler's economy continues to show strength, it is not so for most of the rest of the country.
Poor economic news and thousands of upcoming layoffs only backed up the dire near-term outlook. Although existing home sales rose 6.5% in December to an annual rate of 4.74 million units, it was noted that 45% were distressed properties. And new homes sales took a dive. They were down 14.7% in December to a record low annualized rate of 331,000 units. Meanwhile, median prices fell 9.3% as inventories climbed to a 12.9-month supply.
More numbers for December and for the fourth quarter will emerge this week, and economists predict a mixed bag. But the "fed" has said that it will continue to pump money into lending.
In my opinion there's not much time left before the dollar begins to decline more rapidly. So your real estate purchases in Tyler Texas real estate need to be right away. Call, or email me at http://johncmartin.com.
Poor economic news and thousands of upcoming layoffs only backed up the dire near-term outlook. Although existing home sales rose 6.5% in December to an annual rate of 4.74 million units, it was noted that 45% were distressed properties. And new homes sales took a dive. They were down 14.7% in December to a record low annualized rate of 331,000 units. Meanwhile, median prices fell 9.3% as inventories climbed to a 12.9-month supply.
More numbers for December and for the fourth quarter will emerge this week, and economists predict a mixed bag. But the "fed" has said that it will continue to pump money into lending.
In my opinion there's not much time left before the dollar begins to decline more rapidly. So your real estate purchases in Tyler Texas real estate need to be right away. Call, or email me at http://johncmartin.com.
posted by John and Flo Martin at 1:26 AM
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