Investing in College Station Texas Real Estate

Our real estate statistics for the month of March in this area indicate a continued stable market. Basically the numbers  were about the same as last year's month of March. Investors like that.  We are seeing an increase in the number of contacts from investors in other states which are currently in severe downturns. I assume they are simply pulling out of those areas and seeking stability.

Will our communities remain relatively stable? I certainly hope so. I don't feel we are overbuilt to any extreme in any category, as many of the local home builders put self induced constraints on themselves beginning last year. They just don't want to be caught in that trap of not being able to keep up with the accruing interest on their interim financing. They eased off the throttle a little bit. What I am more concerned with is the cost to build a new home. Some of our $228,000 models are seeing an $800 increase this spring per home just on the increased cost of copper for the wiring in the homes. That is just on electrical wiring alone!