The Bains

Rural land markets reflect influences from its sizable and growing urban areas.  Demand for recreational use competes with timber production.  57% of the land is used for grazing with 33% to timber production.  The recession of 2009 caused a drop in prices and in 2011 land in this region sold for $2,979 per acre, which matches the average prices in 2005.  In 2009 a meager volume of 606 sales, but a present 3% DECLINE suggested that recessionary forces continue to dampen demand in our region of Northeast TX.  This according to a TX A&M Real Estate Center research economist, Dr  Gilliland and assistants.