The market may be turning 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! Posted by Dale Erwin on December 30, 2008 at 04:40 PM As of 12/06/09 the Dale Erwin RePage is ranked at 85 with 8,755 points. The monthly top RePage owner will receive a cash prize. Help this agent by bookmarking this site and posting it to blogs and other Web pages and encourage others to visit.

Local Information for Fort Worth, TX

Latitude: 32.759238 -- Longitude: -97.784997

Other Area Cities:   Mineral Wells  Willow Park  Weatherford  Azle 

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Weatherford is a city in Parker County, Texas, United States. The population was 19,000 at the 2000 census. It is the county seat of Parker CountyGR6 and is part of the Dallas-Fort Worth Metroplex. The city was named by the Texas Legislature as the Peach Capital of Texas due to the peaches produced by area growers. As such, the peach is celebrated each year at the Parker County Peach Festival, which is Weatherford’s largest event and one of the best-attended festivals in Texas with more than 35,000 visitors. Weatherford also has a number of historic homes and buildings. More than 60 Queen Anne, Victorian and other architecturally significant homes built at the turn of the 20th century sit along the tree-lined avenues. Several of these homes are open for tours, arranged by the Parker County Heritage Society, during the Christmas season. -- Source: Wikipedia.com