Listen Up, Ya'll!
Here is it, straight from the horse's mouth! Year end numbers are finally tallied, and according to the Fort Hood Association of Realtors, home prices rose about 5% over 2006, while the number of homes sold last year is down about 10.73%.
Does this mean the market for Fort Hood real estate is bad???? Are things about to spiral out of control into the depths of despair? Are the talking heads on TV going to ruin your dream of home ownership?
I think not! These changes were to be expected, given that the wild demand of the prior few years was finally met, sub prime loans (for risky buyers) disappeared, and with the continued rotating deployments of the 1st Calvary Division and the 4th Infantry Division.
Fort Hood and the surrounding areas (including all of Texas) are in good shape. Since we didn't experience huge run-ups in prices during the "HOT" years, we are settling back into a more solid and normal pattern. Homes are well priced in relation to the strong local economy. We don't have a glut of listings (1,984 units as of today), and it's a buyer's market for the most part, depending on your price range.
I'd like to hear what you've been hearing about the Fort Hood real estate market - are you hearing good things or negative things about buying a home here? Let me know!
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