SHERMAN, Texas (KTEN) — The latest statistics from the U.S. Commerce Department show that home sales across the nation have slumped almost 30 percent.

But it's a different story in both Grayson and Fannin counties.

"When you look at the numbers — if you just compared last year August sales compared to this year — we are up 48 percent in Fannin County and we are up 5 percent over last year in Grayson County," said Michelle Castle of Guild Mortgage.

Collin County's housing market is cooling off; Castle said home sales there are down nearly 2 percent. 

Though the national market has slowed, Brad Rhodes of Easy Life Realty doesn't see a replay of 2008 in the future.

"Lenders aren't doing the same thing they were doing then; people still have some equity in their house," he said. "We are still having to qualify people."

Rhodes estimates more than 12,000 single family lots are in some stage of development in Sherman and Denison.

"Along 75 and the Tollway I think is pretty safe," he said. "Because we have so much growth is the next few years, housing values are not going to go down in our areas.