Realtors, Economists give ETX economy good marks - KYTX CBS 19 Tyler Longview News Weather Sports

Realtors, Economists give ETX economy good marks

Posted: Updated:
  • CBS19.tv Web ExclusivesMore>>

  • Web Exclusive: Ultra HD TVs

    Web Exclusive: Ultra HD TVs

    (CNN) -Some people just have to have the latest in television technology. The newest TVs on the market- ultra-high definition TVs- or UHD TVs. They have higher screen resolution than current high def screens, and are also known as "4-K" sets. "More >>
    (CNN) -Some people just have to have the latest in television technology. The newest TVs on the market- ultra-high definition TVs- or UHD TVs. They have higher screen resolution than current high def screens, and are also known as "4-K" sets. "More >>
  • Web Exclusive: A product to help keep sharks away on sale

    Web Exclusive: A product to help keep sharks away on sale

    Monday, July 28 2014 9:40 AM EDT2014-07-28 13:40:46 GMT
    If you're headed on a beach vacation, there's a product you may be interested in to help keep sharks away.  The device is called a Shark Shield.  It is now being sold in Florida.More >>
    If you're headed on a beach vacation, there's a product you may be interested in to help keep sharks away.  The device is called a Shark Shield.  It is now being sold in Florida.More >>
  • Web Exclusive: Back to School costs really add up

    Web Exclusive: Back to School costs really add up

    Friday, July 25 2014 9:14 AM EDT2014-07-25 13:14:59 GMT
    Before you know it, fall will be here and it will be time to go back to school.  For parents that means stocking up on notebooks, number two pencils, and back to school clothes, all of which usually take a big chunk out of a family's budget.  So, just how much do parents will pay to send their kids off to school this year?More >>
    Before you know it, fall will be here and it will be time to go back to school.  For parents that means stocking up on notebooks, number two pencils, and back to school clothes, all of which usually take a big chunk out of a family's budget.  So, just how much do parents will pay to send their kids off to school this year?More >>
TYLER (KYTX) -

The East Texas economy is on a roll. UT Tyler's fourth annual Economic Forecast Summit had a message of "clear skies ahead" on Thursday.

Meanwhile new numbers from the Greater Tyler Association of Realtors show that they are selling more houses--which are spending fewer days on the market. They're selling them so fast that some Realtors are wishing they had more options for their buyers.

Realtor Nathan Foreman with Tyler's Real Edge Real Estate said more buyers are just the beginning.

"We've seen a pretty good surge in the marketplace," Foreman said. "But what we're seeing now is a lot of those buyers maybe a year or two years ago were at the entry level. Maybe $100,000 or $150,000."

Now they're upgrading and buying more homes in the $400,000 range.

While Foreman was showing houses Thursday, East Texas business leaders were learning about the other good things going on in our economy.

Dr. Ronald Johnson was the keynote speaker at UT Tyler's economic summit. His resume includes two stints with the Federal Reserve.

"The United States is poised now to become the largest energy producer in the world, and [East Texas] sits pretty," he said.

Johnson said the government shutdown has done some damage to the national economy. He said even the discussions of the potential to default on debt were enough to spook financial markets.

But he said East Texas continues to out-pace the national economy and that the problems in Washington D.C. probably won't last.

"[Lawmakers] realize the damage would be so tremendous that it's just not worth this fight," Johnson said.

Powered by WorldNow

CBS19, MYTX & KCEB
2211 ESE Loop 323
Tyler, TX 75701
Phone (903) 581-2211
Fax (903) 581-5769

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KYTX. All Rights Reserved. Users of this site agree to the Terms of Service, Privacy Notice/Your California Privacy Rights, and Ad Choices.