The Bains

Average price for 2008 - UP to $187,655 but $175,906 in 2007.
Dollar volumn DOWN approx. $6.5 million to $33,590,290 in 2008.
233 LESS units sold in 2008 with 1,173 units SOLD.
Average SALES PRICE is $3,900 UP to $177,664.
All of this information is from the Greater Tyler Assoc. of Realtors statistics.
For a change lets go to the TIERRA GRANDE magazine, the TX A&M Real Estate Center’s flagship periodical, has won 4 awards - illustration, photography, design & overall content.
Tierra Grande has been published continually for 30 years and the primary audience includes
more tan 150,000 Texas real estate agents. We are proud of this periodical!!

The effects of the recently signed housing-rescue act might not be immediate & might not be
large, according to Dr. Jim Gaines, research economists at Real Estate Center at Texas A&M U.
This market is so large, it is not going to TURN ON A DIME. Real Estate markets move slowly &
with fall coming it may take months to manifest the changes in the Housing & Economic
Recovery Act of 2008. The bill became law during the time of the year when the housing
market starts to slow down. Gaines said the recovery act has many individual remedies, so
their cumulative effect may be difficult to see.
BAD NEWS - identity thieves are targeting homeowners with good credit & particularly,
substantial untapped home equity. Until recently, homeowners with poor credit were easy prey for identity thieves, but with tightening the thieve are looking to other sources. Watch
out.