Showing posts with label Coppell. Show all posts
Showing posts with label Coppell. Show all posts
Monday, October 28, 2013
Your home failed to sell, now what?
It happens. You put your house on the market and it doesn't sell. Look back and be real honest with your self. Did you insist your agent over price the property when they tried to get you to price it according to market value? Watch the video about pricing your home to sell at www.FreeREVideos.com and learn why you are only hurting yourself by overpricing your property.
Thursday, October 17, 2013
Thursday, July 11, 2013
Saturday, October 20, 2012
1305 Rusdell, Irving, Texas
Single Family Home for sale in Irving, TX
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J.J. Chapa |
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Friday, December 2, 2011
Tuesday, April 19, 2011
1439 Snowberry, Allen, Texas
Call me today for your private viewing of this home. Priced to sell quickly! 972-254-2011
Thursday, November 11, 2010
Thursday, September 23, 2010
Tuesday, April 20, 2010
Wednesday, September 23, 2009
Thursday, June 18, 2009
Monday, December 22, 2008
CBS NEWS VIDEO
Mortgage meltdown to continue. Some areas are to be more affected than other areas.
CLICK HERE TO WATCH 60 MINUTE SPECIAL
CLICK HERE TO WATCH 60 MINUTE SPECIAL
Monday, December 15, 2008
DFW Home Sales Drop
Dallas-Fort Worth home sales drop 33%
11:42 PM CST on Tuesday, December 9, 2008
By STEVE BROWN / The Dallas Morning News
stevebrown@dallasnews.com
Sales of pre-owned homes in North Texas dropped by a stunning 33 percent in November as worries about the national economy kept homebuyers on the sidelines.
The decline in local home sales from last year is the largest since records have been kept and is evidence that the national housing downturn is finally hitting Texas.
The median price of homes sold in North Texas was also down, by 7 percent – more than double the rate so far this year, according to statistics released Tuesday by Texas A&M University's Real Estate Center and North Texas Real Estate Information Systems Inc.
November's drop in home sales compared with last year was almost double the decline in October.
"Not just Realtors but also builders noted that November sales and traffic were extremely weak," said D'Ann Petersen, an economist with the Federal Reserve Bank of Dallas. "There were reports from builders that cancellations were outpacing closings, and some buyers were just walking away leaving deposits.
"With economic and financial worries at the forefront, buying a home is definitely one of the last things on consumers' minds at this point."
And homebuyers haven't been wooed to the market by lower interest rates and bargain pricing.
"A lot of buyers have been spooked by the downturn in the credit and equities markets and just don't have the confidence to close today," said Dallas-based housing analyst Ted Wilson of Residential Strategies Inc.
"Most builders say that the buyers are looking for some good news to give them confidence to purchase, only the news continues to be bad."
The dips keep coming
North Texas real estate agents sold just 4,146 pre-owned homes last month through the industry's Multiple Listing Service. That's the lowest monthly total in more than five years.
And last month's median home sales price of $133,900 is down 15 percent from the peak in the summer of 2007.
The decline in overall home prices is partly due to the large number of sales of foreclosed homes. The National Association of Realtors reports that in the third quarter, more than 40 percent of home sales nationwide were distressed properties.
Ms. Petersen said foreclosed home sales by lenders are also affecting the North Texas market and no doubt contributed to November's larger-than-expected price declines.
"It is unwelcome news for an industry that has been hurting for some time," she said. "Hopefully, though, we will not see the double-digit declines that have been recorded in some other areas of the country, where job losses are steep and foreclosure rates are much higher."
Through the first 11 months of 2008, real estate agents have sold just over 71,000 homes in the 26-county area, a decline of 14 percent from the same period of 2007.
The drop in condominium sales in November was even steeper than in the single-family market – down 44 percent.
On a positive note
The one bit of positive news in the latest local housing report is that there was a significant decline in the number of homes listed for sale.
A total of 39,255 single-family homes are on the market in North Texas. That's a decline of 14 percent from November 2007 and the lowest total in more than three years.
The average time it takes to sell a house was unchanged at 80 days.
Longtime Dallas real estate agent Barry Hoffer said the November sales drop reflects a slowdown that hit when the stock market began to drop in late September.
"Buyers have become apprehensive in making a decision to purchase a new home with the constant bombardment from the news media about layoffs, bailouts and impending bankruptcies," said Mr. Hoffer, who works with Ebby Halliday Realtors. "This too shall pass, and we look forward to an improving local housing market by spring."
Jim Fite, president of Dallas-based Century 21 Judge Fite Realtors, said home sales are traditionally slow before a presidential election, and this year there were added worries about the stock market and the economy.
"It's a really a perfect storm," he said. "Buyers are sitting on the fence."
There's talk in Washington about cutting mortgage rates, which could be holding homebuyers back while they wait for lower rates, he said.
And, Mr. Fite said, November's grim report shouldn't be taken out of context. "As we know, a single month does not make a market."
11:42 PM CST on Tuesday, December 9, 2008
By STEVE BROWN / The Dallas Morning News
stevebrown@dallasnews.com
Sales of pre-owned homes in North Texas dropped by a stunning 33 percent in November as worries about the national economy kept homebuyers on the sidelines.
The decline in local home sales from last year is the largest since records have been kept and is evidence that the national housing downturn is finally hitting Texas.
The median price of homes sold in North Texas was also down, by 7 percent – more than double the rate so far this year, according to statistics released Tuesday by Texas A&M University's Real Estate Center and North Texas Real Estate Information Systems Inc.
November's drop in home sales compared with last year was almost double the decline in October.
"Not just Realtors but also builders noted that November sales and traffic were extremely weak," said D'Ann Petersen, an economist with the Federal Reserve Bank of Dallas. "There were reports from builders that cancellations were outpacing closings, and some buyers were just walking away leaving deposits.
"With economic and financial worries at the forefront, buying a home is definitely one of the last things on consumers' minds at this point."
And homebuyers haven't been wooed to the market by lower interest rates and bargain pricing.
"A lot of buyers have been spooked by the downturn in the credit and equities markets and just don't have the confidence to close today," said Dallas-based housing analyst Ted Wilson of Residential Strategies Inc.
"Most builders say that the buyers are looking for some good news to give them confidence to purchase, only the news continues to be bad."
The dips keep coming
North Texas real estate agents sold just 4,146 pre-owned homes last month through the industry's Multiple Listing Service. That's the lowest monthly total in more than five years.
And last month's median home sales price of $133,900 is down 15 percent from the peak in the summer of 2007.
The decline in overall home prices is partly due to the large number of sales of foreclosed homes. The National Association of Realtors reports that in the third quarter, more than 40 percent of home sales nationwide were distressed properties.
Ms. Petersen said foreclosed home sales by lenders are also affecting the North Texas market and no doubt contributed to November's larger-than-expected price declines.
"It is unwelcome news for an industry that has been hurting for some time," she said. "Hopefully, though, we will not see the double-digit declines that have been recorded in some other areas of the country, where job losses are steep and foreclosure rates are much higher."
Through the first 11 months of 2008, real estate agents have sold just over 71,000 homes in the 26-county area, a decline of 14 percent from the same period of 2007.
The drop in condominium sales in November was even steeper than in the single-family market – down 44 percent.
On a positive note
The one bit of positive news in the latest local housing report is that there was a significant decline in the number of homes listed for sale.
A total of 39,255 single-family homes are on the market in North Texas. That's a decline of 14 percent from November 2007 and the lowest total in more than three years.
The average time it takes to sell a house was unchanged at 80 days.
Longtime Dallas real estate agent Barry Hoffer said the November sales drop reflects a slowdown that hit when the stock market began to drop in late September.
"Buyers have become apprehensive in making a decision to purchase a new home with the constant bombardment from the news media about layoffs, bailouts and impending bankruptcies," said Mr. Hoffer, who works with Ebby Halliday Realtors. "This too shall pass, and we look forward to an improving local housing market by spring."
Jim Fite, president of Dallas-based Century 21 Judge Fite Realtors, said home sales are traditionally slow before a presidential election, and this year there were added worries about the stock market and the economy.
"It's a really a perfect storm," he said. "Buyers are sitting on the fence."
There's talk in Washington about cutting mortgage rates, which could be holding homebuyers back while they wait for lower rates, he said.
And, Mr. Fite said, November's grim report shouldn't be taken out of context. "As we know, a single month does not make a market."
Friday, August 8, 2008
Before school rush
Every year, there is a before school rush in real estate. People wanting to get moved before school starts back up. This year, like everything else, it has been a little slower than years past. The tremendous heat has also played a role in people staying indoors instead of looking at new houses.
I, however, have been very busy. I have seen that before school rush in addition to many investors coming out to begin buying the some of the best real estate deals that I think we'll see for a long time. If you are a buyer, you need to get off the fence and get into the market now.
I, however, have been very busy. I have seen that before school rush in addition to many investors coming out to begin buying the some of the best real estate deals that I think we'll see for a long time. If you are a buyer, you need to get off the fence and get into the market now.
Friday, August 1, 2008
Dallas area home prices fall 3.8%
According to Standard and Poor, Dallas area home prices have fallen 3.8%. The good news is that only Charlotte home prices (a decline of .3%) are better than the Dallas area.
Housing prices in Miami and Las Vegas have dropped by 28% and lead the US in worst valuation declines.
Click on this link for the entire article
Housing prices in Miami and Las Vegas have dropped by 28% and lead the US in worst valuation declines.
Click on this link for the entire article
Monday, July 28, 2008
The heat and your foundation
Wow. It is hot outside.
When the temperatures are this high, it is vital, that homeowners inspect and maintain their foundation on a daily basis.
The last couple of years were very wet summers. The previous summers were very hot. These wet summers sandwiched between hot summers are the perfect conidtion to create serious foundation problems.
Foundation repairs are the number one expense to home owners even beating out termite damage.
I have personally seen foundation issues cost a home seller in negotiations.
When the temperatures are this high, it is vital, that homeowners inspect and maintain their foundation on a daily basis.
The last couple of years were very wet summers. The previous summers were very hot. These wet summers sandwiched between hot summers are the perfect conidtion to create serious foundation problems.
Foundation repairs are the number one expense to home owners even beating out termite damage.
I have personally seen foundation issues cost a home seller in negotiations.
Monday, June 30, 2008
DFW Housing Prices per Dallas News
Dallas home prices fell 3.4 percent in April from a year earlier
11:15 PM CDT on Tuesday, June 24, 2008
By STEVE BROWN / The Dallas Morning Newsstevebrown@dallasnews.com
Dallas home prices took another dip in the latest measure of the U.S. housing market.
Local home prices fell 3.4 percent in April from a year earlier in the Standard & Poor's/Case-Shiller home price index released Tuesday.
The local decline is much lower than the 15.3 percent falloff in prices for the 20 cities surveyed in the monthly report. It was the largest nationwide drop in home prices on record.
Across the country, home prices have retreated to levels last seen in August 2004.
Every city in the benchmark Case-Shiller April report saw prices lower than a year ago.
Las Vegas and Miami had the biggest price declines, down more than 26 percent from last year.
The smallest decline was in Charlotte, N.C. – down 0.1 percent.
But there were small gains in some markets in April compared with March, including a 1.1 percent increase in Dallas.
"There might be some regional pockets of improvement, but on an annual basis the overall numbers continue to decline," Standard & Poor's David Blitzer said.
"If there is anywhere to look for possible improvement, it would be that the pace of monthly declines has slowed down for most of the markets," Mr. Blitzer said.
Case-Shiller tracks the prices of typical single-family homes in each metropolitan area.
The index survey does not include condominiums and townhouses. It only covers pre-owned properties – no new construction.
The Case-Shiller researchers compare "arms-length sales" of specific single-family homes over time.
Also Tuesday, the Office of Federal Housing Enterprise Oversight reported that its home price index showed a 4.6 percent nationwide decline in prices for the 12 months ending in April.
But in the region that includes Texas, prices were up 1.9 percent from a year ago.
Agency surveys don't include all houses sold in the market and only those with mortgages of less than $417,000.
A report released this week by Harvard University's Joint Center for Housing Studies suggests that a turnaround in the nation's depressed housing market is a ways off.
Harvard's State of the Nation's Housing 2008 study described the current housing recession as "the worst in a generation."
11:15 PM CDT on Tuesday, June 24, 2008
By STEVE BROWN / The Dallas Morning Newsstevebrown@dallasnews.com
Dallas home prices took another dip in the latest measure of the U.S. housing market.
Local home prices fell 3.4 percent in April from a year earlier in the Standard & Poor's/Case-Shiller home price index released Tuesday.
The local decline is much lower than the 15.3 percent falloff in prices for the 20 cities surveyed in the monthly report. It was the largest nationwide drop in home prices on record.
Across the country, home prices have retreated to levels last seen in August 2004.
Every city in the benchmark Case-Shiller April report saw prices lower than a year ago.
Las Vegas and Miami had the biggest price declines, down more than 26 percent from last year.
The smallest decline was in Charlotte, N.C. – down 0.1 percent.
But there were small gains in some markets in April compared with March, including a 1.1 percent increase in Dallas.
"There might be some regional pockets of improvement, but on an annual basis the overall numbers continue to decline," Standard & Poor's David Blitzer said.
"If there is anywhere to look for possible improvement, it would be that the pace of monthly declines has slowed down for most of the markets," Mr. Blitzer said.
Case-Shiller tracks the prices of typical single-family homes in each metropolitan area.
The index survey does not include condominiums and townhouses. It only covers pre-owned properties – no new construction.
The Case-Shiller researchers compare "arms-length sales" of specific single-family homes over time.
Also Tuesday, the Office of Federal Housing Enterprise Oversight reported that its home price index showed a 4.6 percent nationwide decline in prices for the 12 months ending in April.
But in the region that includes Texas, prices were up 1.9 percent from a year ago.
Agency surveys don't include all houses sold in the market and only those with mortgages of less than $417,000.
A report released this week by Harvard University's Joint Center for Housing Studies suggests that a turnaround in the nation's depressed housing market is a ways off.
Harvard's State of the Nation's Housing 2008 study described the current housing recession as "the worst in a generation."
Wednesday, June 25, 2008
DFW ECONOMY
Its little wonder that Dallas-Fort Worth is such an inviting place to live and why so many families are attracted to the area. The local economy is booming, with affordable median home prices and job growth second only to New York. The Metroplex is currently ranked as the #1 growth market in the U.S.
The strength and stability of the local DFW economy is based in its diversity. The area is home to a wide range of industries, from transportation, technology, trade, aviation, oil and gas and advanced services, providing startup and relocating companies with a favorable business environment where they can flourish and prosper
The strength and stability of the local DFW economy is based in its diversity. The area is home to a wide range of industries, from transportation, technology, trade, aviation, oil and gas and advanced services, providing startup and relocating companies with a favorable business environment where they can flourish and prosper
Saturday, June 21, 2008
Showing houses in the heat with children
The temperature is definatley starting to reach the tripple digits here in the DFW area. This can pose challenges for those that aren't used to looking at homes in the heat. I recomend looking in the mornings and lateevenings to avoid the heat stresses that accompany looking for a home.
If you have your house listed and have no electric in your home to run the a/c, you might as well mark your home as "UNSOLD". Buyers do not spend time in hot houses. No matter how great you think your home is, if it's not cool, the buyer has a perception that the house has cooling issues.
Also, if you have small children, try to find someone to watch them. When I was a kid, I would have hated being dragged around all day long looking at houses. It will help you, as a buyer, conentrate on your home search too!
If you have your house listed and have no electric in your home to run the a/c, you might as well mark your home as "UNSOLD". Buyers do not spend time in hot houses. No matter how great you think your home is, if it's not cool, the buyer has a perception that the house has cooling issues.
Also, if you have small children, try to find someone to watch them. When I was a kid, I would have hated being dragged around all day long looking at houses. It will help you, as a buyer, conentrate on your home search too!
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