Local Expert Says Home Sales are Fluctuating, Not Slowing

By Camaron Abundes   
NewsWest 9

MIDLAND- If you drive through the Tall City you might notice a few more "For Sale" signs, but don't read to much into it according to one local expert.
"Every year you see fluctuations up and down," Permian Basin Board of Realtors President, Alvin Collins, President of the Permian Basin Board of Realtors, said. "The truth of the business is that we've been blessed with an extremely good market. We've got one of the best markets in the entire country."

It's a hot button issue for Collins, he's tired of what he calls bad press surrounding the housing market. Collins points to seasonal fluctuations and fluctuations he calls typical after a national election.

"Folks say: I want to wait and see if they're going to raise my taxes," Collins said. " I want to see what's going to happen before I make a move."

More than five hundred homes are on sale in Midland, more than a hundred are brand new and Collins says the numbers don't point to anything more than fluctuations in the market.

Good credit, a job, and savings for a down payment are still critical if you're buying house, according to Collins.

"If you've got that in Midland and Odessa Texas, guess what? You can buy a home," he said.

Collins says they've added between 20-40 existing homes to the market.

"There are a lot of local banks." Collins said. "The lending opportunities are as good as they've ever been."

The Odessa Board of Realtors did not immediately have current figures for our story, but Representatives from A-1 Homes says they're not seeing a slow down.

"There are some tremendous opportunities and to see some of the negative stuff put out by the media. It's just not true where we live," Collins said.