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Chris Harden Broker

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2008 Market

01-14-08
Chris Harden Broker
The 2008 housing market in the Collin county market is not the terrible market that the national press keeps pushing. Is there a foreclosure problem? Yes. Is the market slower? Yes. But, inventory levels are still close to the 5-year average for the area and home prices are still finding the low appreciation levels that is typical for our market. The national problem is due to prices increasing more than they should have which is just like the stock market - when it increases too much there is a correction. That is what the problem markets are experiencing. THAT IS NOT OUR MARKET
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