We had 51 homes sell in Arlington, Mansfield, and Kennedale in the last 24 hours! That is about double the pace we have been at through most of this month. Looks like people are starting to realize it is good to "buy" in a "buyer's market...
Friday, November 30, 2007
Tuesday, November 20, 2007
A new perspective on the real estate market
Media report: 25% of sub-prime mortgages are in default
Reality: Sub-prime mortgages only account for 25% of all mortgages. Of those, 75% are
being paid on time. The reality is that only 6.25% of loans are in default.
Media report: Prices are down in 15 states.
Reality: Prices are stable in 35!
Media Report: Real Estate sales slip 20% from 2006
Reality: 2007 will be the 4th busiest since 1997
Media: It is getting almost impossible to get a mortgage if you have credit issues.
Reality: FHA loans have never had a minimum credit score requirement!
Just wanted to put some positive news out there to counteract the media hype and the subsequent consumer overreaction.
Reality: Sub-prime mortgages only account for 25% of all mortgages. Of those, 75% are
being paid on time. The reality is that only 6.25% of loans are in default.
Media report: Prices are down in 15 states.
Reality: Prices are stable in 35!
Media Report: Real Estate sales slip 20% from 2006
Reality: 2007 will be the 4th busiest since 1997
Media: It is getting almost impossible to get a mortgage if you have credit issues.
Reality: FHA loans have never had a minimum credit score requirement!
Just wanted to put some positive news out there to counteract the media hype and the subsequent consumer overreaction.
Thursday, November 01, 2007
New Service Gives You the Most Current Value of Your Home!
Free and no obligation. Just click on the link below to fill out the short form.
Graphical report includes...
Graphical report includes...
What is the supply of unsold homes in my neighborhood?
How fast are homes selling right now?
How do actual selling prices compare to listing prices in my area?
How do I get more for the money in a changing market? Click below to have your free report
sent right away!
www.tarrantcountyhomevalues.com
This Week's Activity
We have had 29 homes sell in the Arlington, Mansfield, Kennedale area receive contracts in the last 24 hours.
Saturday, October 27, 2007
Houses Really Are Selling!
Friday, October 25th was an even better day in our local real estate market-Arlington, Mansfield, and Kennedale.
34 homes have gone under contract in the last 24 hours. Just wanted to give everyone a perspective on the market that you aren't hearing about in the Fort Worth Star Telegram!
Thursday, October 25, 2007
A Dose of Reality...
With all the negative things being written about the local real estate market, I wanted to let everyone know that there are home sales taking place. In the Arlington, Mansfield, & Kennedale area, we have had 20 homes go under contract in the last 24 hours. I will be updating the local market frequently to keep you posted...
Tuesday, October 23, 2007
In the news for a different reason!
Our family went for a fishing trip a couple of weeks ago-didn't catch any fish but look what we did find...
From CBS 11 News....
ARLINGTON...
Gloria Newhouse appeared tired, weary and wet. Her 6-year-old nephew, Dre, seemingly unharmed and wet, too, wondered about all the fuss. But, there was plenty of reason to worry. The pair had taken too long and when dusk fell, tension heightened. The boy out on his first Jet Ski ride fell off the watercraft on Saturday and was lost for as many as three hours before he was found floating in the middle of Lake Arlington. "I been feeling kind of worried for the last couple of hours 'cause I knew ... I knew something was wrong. I could feel something just wasn't right," the boy's uncle, Tony Newhouse, said. Gloria Newhouse also was thrown from the watercraft and was found first. She attempted to flag down boaters for nearly two hours before someone saw her, she said. Rhonda Lawyer and her brother, Grant Froelich, only meant to go out on a quick 30-minute boat ride with relatives, but decided to turn it into fishing trip instead. They admitted when they saw something flashing in the water, their first thought was that it was a buoy. "We have four children in the boat going for a little boat ride," rescuer Rhonda Lawyer recalled. "So, we pulled her in the boat said she had a baby 6 years old on the jet ski. We're like 'What jet ski?' " The boy -- still in his life vest -- was found an hour later despite no lights on the watercraft. "I told him, 'it's a miracle you were found. We prayed for this and you're here for a reason. You need to thank God tonight,' " an emotional Lawyer said. The citizen rescuers said the whistle he blew helped them find him.
)
From CBS 11 News....
ARLINGTON...
Gloria Newhouse appeared tired, weary and wet. Her 6-year-old nephew, Dre, seemingly unharmed and wet, too, wondered about all the fuss. But, there was plenty of reason to worry. The pair had taken too long and when dusk fell, tension heightened. The boy out on his first Jet Ski ride fell off the watercraft on Saturday and was lost for as many as three hours before he was found floating in the middle of Lake Arlington. "I been feeling kind of worried for the last couple of hours 'cause I knew ... I knew something was wrong. I could feel something just wasn't right," the boy's uncle, Tony Newhouse, said. Gloria Newhouse also was thrown from the watercraft and was found first. She attempted to flag down boaters for nearly two hours before someone saw her, she said. Rhonda Lawyer and her brother, Grant Froelich, only meant to go out on a quick 30-minute boat ride with relatives, but decided to turn it into fishing trip instead. They admitted when they saw something flashing in the water, their first thought was that it was a buoy. "We have four children in the boat going for a little boat ride," rescuer Rhonda Lawyer recalled. "So, we pulled her in the boat said she had a baby 6 years old on the jet ski. We're like 'What jet ski?' " The boy -- still in his life vest -- was found an hour later despite no lights on the watercraft. "I told him, 'it's a miracle you were found. We prayed for this and you're here for a reason. You need to thank God tonight,' " an emotional Lawyer said. The citizen rescuers said the whistle he blew helped them find him.
)
Tuesday, October 09, 2007
Some Positive News!
Dallas-Fort Worth Dallas-Fort Worth Projected median sales prices for single-family homes:
Q1 2008: $151,930
Q4 2009: $161,690
Growth rate: 6.4 percent
The Metroplex, as locals call the Dallas-Fort Worth region, is smoking,adding jobs at twice the national rate. Better yet, those new jobs areconcentrated in well-paying fields like banking, advertising, and healthcare. Dallas-Fort Worth sits at the center of the Interstate 35 corridor, a"megapolitan" galaxy of urban development that Virginia Tech researchersestimate will add 6.4 million new people and 2.8 million units of housingover the next two decades. Dallas also serves as the North Americanheadquarters for international high-tech employers like Nokia and Ericsson.All of this makes Dallas one of the nation's nine most global metros -cities that are hubs for international trade and foreign investment -according to an analysis by Moody's Economy.com. Dallas has largely avoided the boom-and-bust cycle, which is one reasonthis market is on track to post the best returns on housing of any majorU.S. city during the next two years. An added bonus: The region's servicesector has escaped the collateral damage that comes when the bubble burstsand equity-driven spending dries up. Here is the attachment if you want to view the other cities. http://money.cnn.com/galleries/2007/biz2/0709/gallery.boom_towns.biz2/index.html
Q1 2008: $151,930
Q4 2009: $161,690
Growth rate: 6.4 percent
The Metroplex, as locals call the Dallas-Fort Worth region, is smoking,adding jobs at twice the national rate. Better yet, those new jobs areconcentrated in well-paying fields like banking, advertising, and healthcare. Dallas-Fort Worth sits at the center of the Interstate 35 corridor, a"megapolitan" galaxy of urban development that Virginia Tech researchersestimate will add 6.4 million new people and 2.8 million units of housingover the next two decades. Dallas also serves as the North Americanheadquarters for international high-tech employers like Nokia and Ericsson.All of this makes Dallas one of the nation's nine most global metros -cities that are hubs for international trade and foreign investment -according to an analysis by Moody's Economy.com. Dallas has largely avoided the boom-and-bust cycle, which is one reasonthis market is on track to post the best returns on housing of any majorU.S. city during the next two years. An added bonus: The region's servicesector has escaped the collateral damage that comes when the bubble burstsand equity-driven spending dries up. Here is the attachment if you want to view the other cities. http://money.cnn.com/galleries/2007/biz2/0709/gallery.boom_towns.biz2/index.html
Thursday, October 04, 2007
Dallas Housing is still a Bargain
From the Dallas Morning News...
The annual price report says houses in Dallas cost about 28 percent less than the national average for similar houses. Here is the full story...
http://www.dallasnews.com/sharedcontent/dws/bus/stories/092707dnbushomepricereport.110ab686c.html
The annual price report says houses in Dallas cost about 28 percent less than the national average for similar houses. Here is the full story...
http://www.dallasnews.com/sharedcontent/dws/bus/stories/092707dnbushomepricereport.110ab686c.html
Friday, September 21, 2007
Dallas Area to Dodge price declines
Dallas will probably dodge home price declines as a result of the housing shakeout, a new forecast predicts.
Moody's Economy.com predicts that the Dallas area will gain about 3 percent in home prices while most other U.S. cities will see declines over the next couple of years. Here are the top markets for home price declines:
1. Stockton, Calif., -25%
2. Palm Bay, Fla., -24.9%
3. Sarasota, Fla., -24.8%
4. Reno, Nev., -22.4%
5. Modesto, Calif., -22.3%
6. Detroit, -21.3%
7. Fresno, Calif., -20%
8. Oxnard, Calif., -19.2%
9. Sacramento, -19.1%
10. Las Vegas, -18.7%
The latest residential outlook from Moody's Economy.com says more than three-fourths of U.S. housing markets will suffer drops in prices.
But the Dallas area will continue to see modest gains in median home prices, the research firm predicts.
Moody's anticipates that nationwide, home prices will fall by almost 8 percent by the time the housing downturn bottoms out.
But prices are forecast to keep rising by about 3 percent in Dallas over the next couple of years, says Moody's researcher Ed Friedman. Other Texas cities, including Houston, Austin and San Antonio, may also avoid home price declines.
"Texas does so well for a variety of reasons," Mr. Friedman said. "It didn't have as much of a big housing boom, so less of a bust.
"More important, the overall Texas economy, metro by metro, is doing better than the U.S. as a whole," he said.
Brownsville and Harlingen top the nationwide list of cities Moody's anticipates will see housing appreciation in the next two years, with prices expected to rise almost 8 percent. Killeen is next in line, with a forecast of 4.6 percent price gains.
Moody's forecast calls for the Fort Worth area to see about a 2 percent drop in home sales prices.
Moody's forecast for Dallas home prices is consistent with other recent upbeat reports.
An August report from the Office of Federal Housing Enterprise Oversight found that home prices in the Dallas area were up about 5 percent at midyear compared with the second quarter of 2006.
Moody's Economy.com predicts that the Dallas area will gain about 3 percent in home prices while most other U.S. cities will see declines over the next couple of years. Here are the top markets for home price declines:
1. Stockton, Calif., -25%
2. Palm Bay, Fla., -24.9%
3. Sarasota, Fla., -24.8%
4. Reno, Nev., -22.4%
5. Modesto, Calif., -22.3%
6. Detroit, -21.3%
7. Fresno, Calif., -20%
8. Oxnard, Calif., -19.2%
9. Sacramento, -19.1%
10. Las Vegas, -18.7%
The latest residential outlook from Moody's Economy.com says more than three-fourths of U.S. housing markets will suffer drops in prices.
But the Dallas area will continue to see modest gains in median home prices, the research firm predicts.
Moody's anticipates that nationwide, home prices will fall by almost 8 percent by the time the housing downturn bottoms out.
But prices are forecast to keep rising by about 3 percent in Dallas over the next couple of years, says Moody's researcher Ed Friedman. Other Texas cities, including Houston, Austin and San Antonio, may also avoid home price declines.
"Texas does so well for a variety of reasons," Mr. Friedman said. "It didn't have as much of a big housing boom, so less of a bust.
"More important, the overall Texas economy, metro by metro, is doing better than the U.S. as a whole," he said.
Brownsville and Harlingen top the nationwide list of cities Moody's anticipates will see housing appreciation in the next two years, with prices expected to rise almost 8 percent. Killeen is next in line, with a forecast of 4.6 percent price gains.
Moody's forecast calls for the Fort Worth area to see about a 2 percent drop in home sales prices.
Moody's forecast for Dallas home prices is consistent with other recent upbeat reports.
An August report from the Office of Federal Housing Enterprise Oversight found that home prices in the Dallas area were up about 5 percent at midyear compared with the second quarter of 2006.
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