Are we in a downturn in our Area of Texas?

By
Real Estate Broker/Owner with Classic Realty Associates

From the activity we are witnessing in our office over the last 2 weeks we wonder about the "downturn in real estate" we keep reading about nationally .. .....at least in this area.  We know our statistics are showing a little burp at the end of the year that made some folks nervous,  and put averages down slightly..but if January is any indicator of what's coming, we are crossing our fingers, remaining cautiously optimistic, and smiling.  There seems to be increased activity in several areas including: student housing, higher priced homes, lower priced investment homes, and even acreage.  Well ....that is a pretty diverse cross section of real estate!

Other local items of interest include the increase in housing needs in adjoining Robertson County.  This is driven in part by the large number of employees being brought in with the oil and gas boom in the area  and also by the approximately 2,000 jobs created in the  connection with the construction of a power plant facility. Plus there will be hundreds employed in permanent jobs with the plant. 

Just take a drive to beautiful downtown Franklin, Texas. Kind of remains me of a little Alaskan boomtown in a way.  Bottom line ... there simply aren't enough homes to lease or buy in Robertson County.  The choices are limited for quality housing.

 

 

Comments (3)

Kurt Vierheller
Flagstar Bank - Wilmington, NC
Your area will rebound just like many in the nation. This will be a trend that will balance itself out soon.
Jan 28, 2008 03:05 PM
Trey Thurmond
BCR Realtors - College Station, TX
College Station , Texas Homes

Kurt,

We sure think so.

Thanks for comment.

Brent and Trey

Jan 29, 2008 07:05 AM
Kay Perry
Kay Perry, Broker - College Station, TX
Trey, Robertson County and the Franklin area have some beautiful places to drive.  Away from the city and into tranquility.
Jan 29, 2008 11:26 PM