How does the credit crisis affect the real estate community in Texas? The answer is we really do not know. Maybe a beeter question is how does consumer confidence effect the real estate market? The real estate market in DFW is not in that bad of shape. Our prices have dropped but not significantly. The interest rates on Mortgages are still at all time lows. There are plenty of qualified buyers in the market but they are having trouble getting loans.
What can we do about this? Why don't we quit talking about the crisis and talk about recovery. We have an uphill battle the media is talking about gloom and doom all day and all night. We have the responsibility to tell everyone we come in contact with that this is temporary and our economy in DFW is not what everyone is hearing day in and day out.
Just a vewry quick thought this Monday morning. I think we will hear some positive media today and if we spread that message we will all have a great end of the year.