Rockwall, TX Real Estate News

By Laurey West
(RE/MAX Platinum)
I just read an article from SOUTHWEST ECONOMY called "Texas Growth Slows But Remains Healthy".  Some key points the article shared:-The single family housing sector remains weak.  Builders continue to pull back on new-home construction.-Sales of existing homes remain on a downward track.  Inventories of existing homes for sale have risen to just over the equilibrium mark of the six months. -Delinquent subprime mortgages continue to inch up in Texas.  The state's delinquency rate is higher than the national average, but its foreclosure rate remains below the nation's.-The Texas economic outlook is positive moving in to 2008.  Housing woes are beleaguring the national economy, but Texas markets, while weak, have held up better than many other areas of the country.As a realtor, I think thi...
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