November 20, 2008

All markets are different. During the next few years, some housing markets will turn around faster than others. How do you know when your particular market has reached its bottom? If you wait until others pick over the great deals, you'll miss the bottom.

Keep a track of how many properties are listed from month to month. Once you start to see a reduction in inventory then that may mean that buyers are starting to buy. There could be two reasons whey inventory is reducing – overpriced homes may be taken off the market and sales volume could be picking up. You can find out this information from your local real estate agent.

Keep reading national and local newspapers. If your local media reporters are now starting to interview experts in your market and asking questions like, “Have we reached the bottom?” then that might be a sign that there may be a shift.

Talk to your friends and co-workers. How are they feeling about your local economy and housing prices? Are they more optimistic now than they were 3 months ago, or even last month?

Consumer confidence will be a big part in the housing market turning around.

Be on the lookout for mortgage interest rates stabilizing and mortgage companies start to ease lending restrictions.

One of the biggest indicators is when prices have stopped dropping. The secret is to buy before they start to inch back up again!

I’m not suggesting that you wait till the absolute bottom of your market to buy. You have to look at a home as a place to live, not an investment. Only you can determine what an affordable monthly payment is relative to the value of the home you are purchasing. There are individual homes for sale that can be bought at the bottom of your market, even if homes in general have not reached that mark.

Talk to a trusted real estate agent – we can help!

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Local Information for Ft. Stockton, TX

Latitude: 30.891383 -- Longitude: -102.885032

ZIP Codes for Fort Stockton, Texas	79735
Area Code for Fort Stockton, Texas	432
Time zone for Fort Stockton, Texas	CST

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Fort Stockton is a city in Pecos County, Texas, United States. The population was 7,846 at the 2000 census. It is the county seat of Pecos County. The City of Fort Stockton is served by the Fort Stockton Independent School District. Fort Stockton has two elementary schools; Alamo Elementary and Apache Elementary. Both schools house grades K-3. Fort Stockton Intermediate houses grades 4-5. Fort Stockton Middle School houses grades 6-8 and Fort Stockton High School houses grades 9-12. Fort Stockton is also home to the Midland College Williams Regional Technical Training Center. The center was built in 1996 through a joint effort by Midland College, and by leaders of Fort Stockton education, business, and government. Fort Stockton and Pecos County are part of the Midland College service area. After just four years, the facility, named in honor of Fort Stockton native and WRTTC donor Clayton Williams, Jr., doubled in size through fundraising and program development. -- Source: Wikipedia.com

Texas 2000 Census Population Profile Map

	Fort Stockton	Texas	United States
Population	7,846	20,851,820	281,421,906
Median age	32.9	32.3	35.3
Median age for Male	32	31.3	34
Median age for Female	33.7	33.4	36.5
Households	2,790	7,393,354	105,480,101
Household population	7,745	20,290,711	273,643,273
Average household size	2.78	2.74	2.59
Families	2,106	5,247,794	71,787,347
Average family size	3.25	3.28	3.14
Housing units	3,189	8,157,575	115,904,641
Occupied units	2,790	7,393,354	105,480,101
Vacant units	399	764,221	10,424,540

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November 20, 2008

Local Information for Ft. Stockton, TX

Latitude: 30.891383 -- Longitude: -102.885032

Enter our Photo Sweepstakes and Win $200 for your Fort Stockton photos!

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