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Temple-Belton existing home sales fist-half comparision

The number of existing homes sold during the first six months of this year fell slightly compared to the same period in 2007, according to data from the Temple-Belton Board of Realtors.

Dollar volume was down slightly year to year, also.

But average median price was up.

Still, the first half was a blowout relative to the January-June time frame just three years ago.

And compared to some cities the size of Temple and Belton combined, the decline was small.

“Texas in general has been isolated from the national slump,” Paul Cox of Salado, a mortgage banker with Network Funding Corp., said.

Terri Covington, president of the Temple-Belton board, said the year so far has been somewhat slower.

But, she and Cox also noted that fewer people can qualify to borrow to buy a home because of stricter lending rules put into place by federal regulators.

“It’s pretty stable,” she said of the market. “In fact, we need a few more listings now in some areas and price ranges.”

 
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