Local Market

12/3/2007

Our real estate market in Palestine, Texas is "just fine." The "subprime mess" as reported by every media outlet, everyday, has not and should not impact us. Here's why: most businesses in this area offered other loans and most people with "bad credit" had credit histories so terrible that they did not even qualify for subprime loans.
Also, the number of foreclosures in our area are in line with statistical averages. So, rest assured people of Palestine, we are just fine and should continue to grow!