Texas

The absorption rates for these subdivisions in Sept. '08 really don't look bad at all considering all the hype the media's going on about. You'd think the sky was fallin'. We, here in Texas, know that our market, though local in nature for sure, defies the norm for the rest of the country. Here in Granbury, here's whazzup:

DeCordova Bend Estates had 42 active residential homes on the market, 1 with an option, 2 with kick-out clauses, 4 are pending and 5 sold. Average days on the market was 143, giving DCBE an eight month and one week supply of homes.

Pecan Plantation had 107 active residential listings with 1 contingency, 1 option, 3 pending, and 11 sold in Sept. with an average of 179 days on the market and a nine month and a couple of weeks for an absorption rate.

Bentwater had only 25 active residential listings, 2 option, 1 pending and 3 sold with an average of 112 days on the market but only 94% list to sales price for an absoprtion rate of a little over 8 months.

Harbor Lakes had 14 active, 2 pending and 2 sold for 93% of list price to sales price with an average of 339 days on the market and a seven month inventory of homes.

Figures relieved on this report off the North Texas Real Estate Information System on Sept.6, 2008.

The following article was sent to me by a friend of mine that lives in Lufkin, Texas. Guys this is scary and should make EVERYONE who supports Obama take another look at their reasons. If this is a sign of the type of changes that will come with HIM as the next President, I, for one, am really scared for our Country and the freedoms we now have.

This article was sent in to the Lufkin paper in the editorial. There is NOTHING right ab