Updated Market Report - Texas - 12/29/08 08:28 AM
An updated Market report was recently released by the Real Estate Center at TAMU.  As expected, sales continue to decline in every city listed since last year.  In my opinion, this will continue to happen throughout 2009.  In our market, I have witnessed several builders/develops go out of business and new construction has slowed considerably.  Now is definitely not the time to sell your home but it is the time to purchase your first home or buy investment properties.  Is your home losing value?
EXISTING HOME SALES, PRICES DROP IN NOVEMBER 
TEXAS (Real Estate Center, MarketWatch) - A total of 12,816 … (0 comments)

SNAPSHOT OF REAL ESTATE MARKET IN TEXAS - 12/04/08 07:38 PM
It is official, we are in a recession!  Just from looking at the real estate market in Texas, it appears that the recession started months ago.  Very few Texas cities didn't have a decline in home sales and/or an increase in median price.  Tyler, TX sales were down over 20% but the median sales price increased to $139,000.
Information obtained from Real Estate Center, MarketWatch and CNNMoney indicates that a total of 16,711 existing homes were sold in Texas last month, a 17 percent decline from October 2007, according to MLS data compiled by the Real Estate Center at Texas A&M University. The median … (0 comments)

SNAPSHOT OF REAL ESTATE MARKET IN TEXAS - 12/04/08 07:24 PM
It has officially been announced that "We are in a Recession" and it is apparent in some real estate markets across Texas.  While some market have been hit hard, others are still booming.  Below is a snapshot of cities across Texas.
Note that Tyler sales were down over 20% from last year but the median sales price rose to $139,000.
Here is how select Tyler and other Texas cities fared in October (data current as of Dec. 2, 2008):

TEXAS (Real Estate Center, MarketWatch, CNNMoney) - A total of 16,711 existing homes were sold in Texas last month, a 17 percent … (0 comments)

 

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