2.4 TRILLION
The latest numbers (First American) show that the nation's home value fell $2.4 trillion in the last twelve months. But half of that decline was in one state - California. And four other states joined California in accounting for most of the second fifty percent.
About eight million homeowners are (what they call) "under water" with respect to their home values. that means that falling home values, mostly in five states, are now "under" the mortgaged amounts of the homes.
Tyler Texas real estate has experienced no such problem. Our property values have remained steady so far during this downturn. And real estate activity has been moderate to brisk to date. Some have finally decided that putting excess cash into land and home purchases in and around Tyler Texas is a very good way to preserve their estates. We agree. And we invite you to www.johncmartin.com to see for yourself.
About eight million homeowners are (what they call) "under water" with respect to their home values. that means that falling home values, mostly in five states, are now "under" the mortgaged amounts of the homes.
Tyler Texas real estate has experienced no such problem. Our property values have remained steady so far during this downturn. And real estate activity has been moderate to brisk to date. Some have finally decided that putting excess cash into land and home purchases in and around Tyler Texas is a very good way to preserve their estates. We agree. And we invite you to www.johncmartin.com to see for yourself.
posted by John and Flo Martin at 1:59 AM
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