By Philippe Djegal - email
TYLER, TX (KLTV) - While the recession is taking a toll on the housing market, you couldn't tell by walking around all of the new homes featured on Tyler's 56th Annual Parade of Homes, and many East Texans were eager to buy.
It's the final day of the parade and although many East Texans feel this is the time to save - others say it's the perfect time to buy.
"It's getting a lot better," said Laquisha Allen. "Things are starting to turn around and people have to continue to live their lives."
"They're starting to build," said Tracie Allen. "They're starting to buy homes now again. [For a while] they wasn't, but now. . . interest rates are low."
Ann Crofton is looking to downsize.
"My husband and I have decided we want to go from a larger home to a smaller home, and this home is perfect for us," said Crofton.
Gary Bayless built this home in Tyler's Oakhollow subdivision. This is his 28th year featuring a home on the parade.
"We've had a wonderful turnout, and there's people that are buying - actually more than I've seen in the past couple of years," said Bayless.
Sue Bradshaw is looking for new ways decorate her home.
"I think people are beginning to feel a little more confident in taking a little bit of a risk with their money and purchasing something," said Bradshaw.
Kathey Comer with the Tyler Area Builders Association, says this year's attendance exceeded expectations.
"I think people are ready for some good news," said Comer. "People are ready to make some major decisions that they've been postponing for the last year, and I think our traffic in the parade is evidence of good times ahead."
Gary Bayless says he's already sold his parade home.
"Tyler banks have plenty of money to loan. Matter of fact, some of them are still giving 90% loans," said Bayless. "A lot of people don't realize that but, this is a great time to build and buy."
Last year, more than 4,500 East Texans toured the parade. And, although the numbers aren't in yet, officials say this years crowd will shatter that number.