The Bains

The price of rural property rose 8% last year, reaching a statewide median price of $2,366 per acre. BUT there were 27% fewer transactions during 2007. Dr. Charles Gilliland, research economist at the Real Estate Center at Texas A&M, see at 50% chance the land prices will stay
flat and a 50% chance they will drop. Going up is about zero. Folks expect assets to go down in
value, so land may also, but the market is NOT falling out on Texas farm and ranch prices. He
said demand for land continues simply because people don’t know where else to invest. Bain
Real Estate has 3 approximately 100 acres tracts listed near Tyler. LET US KNOW IF YOU ARE
INTERESTED at 903-561-4346.