August Market Conditions for Blog 2008

It is so hard to keep combating all the bad news we are getting and remain positive with the market conditions. I am the first to admit that things are changing but they are not that bad. The press just likes the bad news to write about.

First of all, Indy Bank was the first bank to fall and in the 80’s we had many, many S & L’s and Banks fail. We are not near to what we were in the 80’s!! I was there! Even Steve Brown of the Dallas Morning News that likes to “badmouth” the market so much had to admit “So far, the Dallas-Fort Worth economy is still adding thousands of jobs. And the dip in home prices we’ve seen is just a smidgen.” He goes on to said that even the commercial side, we won’t have a big oversupply of vacant office, warehouse and shopping space.

Many of you sellers are actually making some money off your homes and most of you can get out of your homes at least breaking even. (Of course many of you are my clients which we made sure you bought wisely and had good buys when you did buy!) The economy is doing fine here in Texas! And we are seeing more buyers from out of state coming into our area which we are excited about. See the Statistics in detail for each of our Cities on our website under Statistics!