One thing seems to be agreed upon lately, home sales are on the rise and at 5% growth they are setting a six year record. The FWBusiness Press was a little gloomy about it though, pointing out that overall prices have come down about 11.6 percent. The bright side of that news item is that Texas has managed almost a 2 percent increase in prices.
The press article notes Texas as the fifth best market in the nation, but ends by saying a price recovery may not shape up until 2010. Reuters ran an article with a little bit more optimism to it however. The article highlights a real estate agent in Cleburne who has only seen business dry up since he started his new career a year ago. The transactions are starting to turn for him though, and apparently others around the country are seeing it as well. It should be noted however that almost half of the new sales are arising from foreclosures. People are looking for deals, and now certainly seems to be the time to find one. No doubt about one thing though, Texas sure seems to be a good place to be a homeowner.
