Tyler has been a busy area for real estate development in recent years.  South on Broadway Ave. there is plenty of new commercial development.  Formerly wooded areas are new major shopping venues and the housing market is booming with single and multifamily permits on the rise.  Much of the housing activity has been in the south half of Smith County between SH 31, which splits Tyler nor and south to the county line at Bullard.  MORE TO COME

Lower-than-national-average mortgage costs enabled Texas households to allocate smaller shares of their incomes for housing costs.  On average, Texas households with a mortgage allocated 22.6% of their income for housing costs compared with a national average of 24.1% for the U. S. from 2005 to 2015.  WE ARE IN A RARE STATE – TX – TO ACCOMPLISH ALL THIS!!

58% of Texas owner-occupied housing have a mortgage loan, compared to 63.3% nationwide.  This is due to state’s lower-than-national home prices that enable 42% of Texas households either to pay cash or repay the mortgage sooner.  Since 1978, the price of a Texas home purchased with a mortgage averaged $161,000 or 82% of the national average price of  $196,300.  MORE TO COME!

Texans typically have lower mortgage debt compared with the rest of the U.S.  They have to set aside less for housing expenses, and they pay lower initial costs and fees for mortgages, although that wasn’t always the case.  MORTGAGE LOANS BECOME A MAIN DRIVER OF THE MARKET.  Texas loans are secured by real estate using a deed of trust rather than a mortgage instrument.  MORE TO COME

(7)  The bottom of a dining-room chandler should be 36 inches above the table.  (8)  Install light switches 36 inches above the floor & 1.5 to 2 inches to side of door trim.  (9)  For a standard 84-inch sofa with exposed legs & a tight back, you’ll need 14 yards of  54- inch- wide fabric + 2 yards for a skirt.  (10)  From classical times to today, the golden ration has always been the perfect proportion:  1 to 1.62.  TRUST THESE 3 E-MAILS HAVE BEEN HELPFUL — BAIN REAL ESTATE, DAVE & CAROLYN AT 903-571-2191