Showing posts with label Melissa. Show all posts
Showing posts with label Melissa. Show all posts
Monday, October 28, 2013
Realtor open house
I'm inviting all real estate professionals to come to my progressive, realtor lunch this Friday at 11:30 a.m. There will be gift cards and lunch provided. Call me at 214-837-0010 to learn more about this even.
Monday, August 27, 2012
You can steal this home! Granite, Stainless, Updates Galore!
Single Family Home for sale in Garland, TX
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Overview Maps Photos Market Stats |
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Our recent listings
1801 Timberline Lane
2318 Briarwood Drive Single Family Residential for $ in Garland, TX 309 King Richard Street 3540 Butterfield Trail
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Wednesday, June 6, 2012
Live here for less than you pay in rent!
605 Renaissance Place
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Monday, June 4, 2012
The largest backyard on a house you will see!
Single Family Home for sale in Melissa, TX
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Overview Maps Photos Market Stats |
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Our recent listings
2708 Kennedy Drive
Single Family Residential for $230,000 in Melissa, TX Single Family Residential for $110,000 in Anna, TX 1306 Hill Street Single Family Residential for $140,000 in Anna, TX
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Friday, March 2, 2012
Monday, February 6, 2012
Friday, February 3, 2012
Tuesday, August 30, 2011
Sunday, February 20, 2011
New home builder update
Home construction in the Dallas-Fort Worth area has dropped more than 70 percent in the last four years.
But some nimble builders have not only hung on in this dire market but also have increased their market share.
A look at the top 20 North Texas builders shows that First Texas Homes was one of the big winners in 2010.
The Dallas-based company grew its starts more than 55 percent last year, thanks to a combination of smart lot buys and access to construction capital.
“We added probably six neighborhoods in 2010,” said First Texas CEO Randall Van Wolfswinkel.
“Right now, it’s very hard to get great lots in good locations.”
First Texas and its sister company, Gallery Custom Homes, started almost 900 houses in 2010 and hope to do about 20 percent more this year.
“We use our own money, so that gives us the ability to build as many speculative homes as we want,” Van Wolfswinkel said. “That makes it easier to put houses on the ground.”
The independent firm now ranks third locally behind nationwide industry leaders D.R. Horton , based in Fort Worth, and PulteGroup, which acquired Dallas-based Centex Homes in 2009.
First Texas wasn’t the only company to see growth last year.
Addison-based Grand Homes increased its starts about 30 percent to just over 400 homes.
“We should do about 500 starts this year,” said Grand CEO Steve Brooks, whose company is building less than half of the houses it did at the market’s peak in 2006.
Brooks said the national recession and housing industry woes put the brakes on his business.
“At the end of 2008, we had two sales in four months — the world stopped,” he said. “We just rolled up our sleeves and went to work.”
Grand Homes cut its staff by almost a third and went through its construction process looking for cost savings.
“In the good times, we had gotten sloppy and wasteful,” Brooks said. “We were able to cut about $8,000 a house in hard costs.”
The company also moved quickly in 2009 to buy lots at distressed prices so it would have locations when the market rebounds.
Customers ‘hesitant’
This year should see a modest increase in home starts in North Texas, said Ted Wilson of Residential Strategies.
“We think the market has bottomed,” Wilson said. “We are forecasting a start increase this year of 2,000 or 3,000 units.”
That would still be nowhere close to the almost 50,000 annual home starts in the D-FW area at the peak of the market.
Since then, more than 30 builders in the area have gone broke or moved away.
And the companies that remain are working hard for every sale.
“The No. 1 issue is still the lack of traffic out there,” Wilson said. “There are an awful lot of potential customers who are hesitant.”
The large number of pre-owned homes on the market — including bargain-priced foreclosures — is also taking business from the new-home market.
Builders continue to have problems obtaining financing for home construction, and tough appraisals are killing a large number of their deals, industry reports say.
“We’ve seen a lot of weeding out of the players,” Wilson said.
Some push ahead
The 20 largest builders in Dallas-Fort Worth now account for about 70 percent of the annual starts, Residential Strategies research shows.
D.R. Horton — for many years the largest production builder in North Texas — grew its market share to almost 15 percent in 2010. That’s nearly three times the market share of No. 2 builder PulteGroup.
Horton’s starts here are still down about 50 percent from the peak of the market in 2006.
Horton officials did not respond to a request to talk about their company’s growth in the area.
Pulte, which acquired Dallas-based Centex Homes in 2009, is building almost 80 percent fewer houses than it did four years ago, according to Residential Strategies data.
Some builders are actually doing more than before the downturn.
Southlake-based Bloomfield Homes started business in 2004 and has moved up in the rankings.
The company last year built about 85 percent more houses than before the market downturn.
CEO Don Dykstra, who formerly headed Pulte’s operations here, hopes to start 350 to 400 houses in 2011.
“Developers and other builders who knew us from our Pulte days have generously invited us into some very nice D-FW communities,” Dykstra said.
The company now builds in almost 20 North Texas locations.
“Many of our employees are former middle managers who are back selling and building and rediscovering the joy of homebuilding,” Dykstra said. “For some of them, it had been more than a decade since they were in the field.
“We get the benefit of all the experience and have high-performance and low-maintenance people to work with.”
The right lots
Access to affordable, well-located lots is the biggest problem the industry faces, Wilson said.
“There is a lot of scrambling right now by builders who are hunting locations,” he said.
John Landon, who started Landon Homes at the end of 2008, was able to grow his business to a top 20 firm last year by purchasing lots from lenders who had foreclosed on the property.
But that’s pretty much over, Landon said.
“Most of the good, well-located lots that went back to the banks have been sold,” he said. “They still own some land that can be developed, and that’s what builders are looking at.”
Landon hopes to build between 275 and 325 homes this year.
“We have been focused on the north Dallas suburbs,” he said.
Top Dallas-Fort Worth homebuilders
D.R. Horton last year had almost a 15 percent market share in North Texas. (Numbers based on 2010 home starts.)
1. D.R. Horton 2,225
2. Pulte-Centex 898
3. First Texas-Gallery 894
4. Highland-Horizon-Huntington 855
5. Meritage-Monterey Homes 637
6. Lennar Homes 473
7. K Hovnanian 404
8. Grand Homes 401
9. History Maker Homes 349
10. David Weekley 344
11. Bloomfield Homes 313
12. Drees Homes 301
13. MHI-Pioneer-Plantation 289
14. Gehan Homes 282
15. Cheldan Homes 268
16. Ashton Woods Homes 258
17. American Legend-Belclaire 241
18. KB Home 233
19. Beazer Homes 217
20. Landon Homes 216
Link to Article:
http://www.dallasnews.com/business/headlines/20110217-some-winners-emerge-in-dallas-fort-worth-area-homebuilding-business.ece?action=reregister
But some nimble builders have not only hung on in this dire market but also have increased their market share.
A look at the top 20 North Texas builders shows that First Texas Homes was one of the big winners in 2010.
The Dallas-based company grew its starts more than 55 percent last year, thanks to a combination of smart lot buys and access to construction capital.
“We added probably six neighborhoods in 2010,” said First Texas CEO Randall Van Wolfswinkel.
“Right now, it’s very hard to get great lots in good locations.”
First Texas and its sister company, Gallery Custom Homes, started almost 900 houses in 2010 and hope to do about 20 percent more this year.
“We use our own money, so that gives us the ability to build as many speculative homes as we want,” Van Wolfswinkel said. “That makes it easier to put houses on the ground.”
The independent firm now ranks third locally behind nationwide industry leaders D.R. Horton , based in Fort Worth, and PulteGroup, which acquired Dallas-based Centex Homes in 2009.
First Texas wasn’t the only company to see growth last year.
Addison-based Grand Homes increased its starts about 30 percent to just over 400 homes.
“We should do about 500 starts this year,” said Grand CEO Steve Brooks, whose company is building less than half of the houses it did at the market’s peak in 2006.
Brooks said the national recession and housing industry woes put the brakes on his business.
“At the end of 2008, we had two sales in four months — the world stopped,” he said. “We just rolled up our sleeves and went to work.”
Grand Homes cut its staff by almost a third and went through its construction process looking for cost savings.
“In the good times, we had gotten sloppy and wasteful,” Brooks said. “We were able to cut about $8,000 a house in hard costs.”
The company also moved quickly in 2009 to buy lots at distressed prices so it would have locations when the market rebounds.
Customers ‘hesitant’
This year should see a modest increase in home starts in North Texas, said Ted Wilson of Residential Strategies.
“We think the market has bottomed,” Wilson said. “We are forecasting a start increase this year of 2,000 or 3,000 units.”
That would still be nowhere close to the almost 50,000 annual home starts in the D-FW area at the peak of the market.
Since then, more than 30 builders in the area have gone broke or moved away.
And the companies that remain are working hard for every sale.
“The No. 1 issue is still the lack of traffic out there,” Wilson said. “There are an awful lot of potential customers who are hesitant.”
The large number of pre-owned homes on the market — including bargain-priced foreclosures — is also taking business from the new-home market.
Builders continue to have problems obtaining financing for home construction, and tough appraisals are killing a large number of their deals, industry reports say.
“We’ve seen a lot of weeding out of the players,” Wilson said.
Some push ahead
The 20 largest builders in Dallas-Fort Worth now account for about 70 percent of the annual starts, Residential Strategies research shows.
D.R. Horton — for many years the largest production builder in North Texas — grew its market share to almost 15 percent in 2010. That’s nearly three times the market share of No. 2 builder PulteGroup.
Horton’s starts here are still down about 50 percent from the peak of the market in 2006.
Horton officials did not respond to a request to talk about their company’s growth in the area.
Pulte, which acquired Dallas-based Centex Homes in 2009, is building almost 80 percent fewer houses than it did four years ago, according to Residential Strategies data.
Some builders are actually doing more than before the downturn.
Southlake-based Bloomfield Homes started business in 2004 and has moved up in the rankings.
The company last year built about 85 percent more houses than before the market downturn.
CEO Don Dykstra, who formerly headed Pulte’s operations here, hopes to start 350 to 400 houses in 2011.
“Developers and other builders who knew us from our Pulte days have generously invited us into some very nice D-FW communities,” Dykstra said.
The company now builds in almost 20 North Texas locations.
“Many of our employees are former middle managers who are back selling and building and rediscovering the joy of homebuilding,” Dykstra said. “For some of them, it had been more than a decade since they were in the field.
“We get the benefit of all the experience and have high-performance and low-maintenance people to work with.”
The right lots
Access to affordable, well-located lots is the biggest problem the industry faces, Wilson said.
“There is a lot of scrambling right now by builders who are hunting locations,” he said.
John Landon, who started Landon Homes at the end of 2008, was able to grow his business to a top 20 firm last year by purchasing lots from lenders who had foreclosed on the property.
But that’s pretty much over, Landon said.
“Most of the good, well-located lots that went back to the banks have been sold,” he said. “They still own some land that can be developed, and that’s what builders are looking at.”
Landon hopes to build between 275 and 325 homes this year.
“We have been focused on the north Dallas suburbs,” he said.
Top Dallas-Fort Worth homebuilders
D.R. Horton last year had almost a 15 percent market share in North Texas. (Numbers based on 2010 home starts.)
1. D.R. Horton 2,225
2. Pulte-Centex 898
3. First Texas-Gallery 894
4. Highland-Horizon-Huntington 855
5. Meritage-Monterey Homes 637
6. Lennar Homes 473
7. K Hovnanian 404
8. Grand Homes 401
9. History Maker Homes 349
10. David Weekley 344
11. Bloomfield Homes 313
12. Drees Homes 301
13. MHI-Pioneer-Plantation 289
14. Gehan Homes 282
15. Cheldan Homes 268
16. Ashton Woods Homes 258
17. American Legend-Belclaire 241
18. KB Home 233
19. Beazer Homes 217
20. Landon Homes 216
Link to Article:
http://www.dallasnews.com/business/headlines/20110217-some-winners-emerge-in-dallas-fort-worth-area-homebuilding-business.ece?action=reregister
Wednesday, November 24, 2010
Thursday, November 11, 2010
Wednesday, December 9, 2009
Monday, August 24, 2009
Late mortgage payments, foreclosures rise in Texas
Late mortgage payments, foreclosures rise in Texas
12:00 AM CDT on Friday, August 21, 2009
Texans continued to fall behind on their mortgage payments in the second quarter, and more than one in 10 Texas mortgages are late or in foreclosure.
At the end of June, 8.79 percent of residential mortgages in the state had delinquent payments and 1.84 percent went into foreclosure, the Mortgage Bankers Association reported Thursday.
Both figures rose compared with the first quarter.
Nationwide, a record 9.24 percent of residential loans were delinquent in the quarter. The closely watched measure includes all mortgages that are at least one payment behind. Texas ranks 17th nationally among states when ranked by the percentage of late mortgage payments.
The national average foreclosure rate in the second quarter was 3 percent.
Just four states – California, Florida, Arizona and Nevada – accounted for 44 percent of the nation's new home foreclosures during the second quarter, the Washington, D.C.-based trade group said.
"Florida continues to establish itself as the worst state in the union for mortgage performance, closely followed only by Nevada," said Jay Brinkmann, MBA's chief economist.
In Florida, 22.8 percent of mortgages were delinquent or in foreclosure, and in Nevada 21.3 percent of home loans have past-due payments or are in foreclosure.
In Texas, most of the loans facing foreclosure are subprime mortgages. In the second quarter, 28.49 percent of subprime adjustable-rate loans in the state were past due. That compares with an 8.18 percent delinquency rate for prime mortgages statewide.
About 30 percent of Texas mortgage holders are considered nonprime borrowers, compared with only 19 percent nationwide.
In areas where homeowners now owe more than their property is worth, the potential for foreclosure is larger. In the Dallas-Fort Worth area, just over 30 percent of mortgage holders are underwater, the latest reports show.
"In some areas where a number of borrowers have mortgages that are larger than the current value of their homes, any life events such a divorce or loss of a job are likely to translate into foreclosures until prices in those areas recover, not just flatten," Brinkmann said.
"As for the outlook, it is unlikely we will see meaningful reductions in the foreclosure and delinquency rates until the employment situation improves."
Cited from the Dallas Morning News
12:00 AM CDT on Friday, August 21, 2009
Texans continued to fall behind on their mortgage payments in the second quarter, and more than one in 10 Texas mortgages are late or in foreclosure.
At the end of June, 8.79 percent of residential mortgages in the state had delinquent payments and 1.84 percent went into foreclosure, the Mortgage Bankers Association reported Thursday.
Both figures rose compared with the first quarter.
Nationwide, a record 9.24 percent of residential loans were delinquent in the quarter. The closely watched measure includes all mortgages that are at least one payment behind. Texas ranks 17th nationally among states when ranked by the percentage of late mortgage payments.
The national average foreclosure rate in the second quarter was 3 percent.
Just four states – California, Florida, Arizona and Nevada – accounted for 44 percent of the nation's new home foreclosures during the second quarter, the Washington, D.C.-based trade group said.
"Florida continues to establish itself as the worst state in the union for mortgage performance, closely followed only by Nevada," said Jay Brinkmann, MBA's chief economist.
In Florida, 22.8 percent of mortgages were delinquent or in foreclosure, and in Nevada 21.3 percent of home loans have past-due payments or are in foreclosure.
In Texas, most of the loans facing foreclosure are subprime mortgages. In the second quarter, 28.49 percent of subprime adjustable-rate loans in the state were past due. That compares with an 8.18 percent delinquency rate for prime mortgages statewide.
About 30 percent of Texas mortgage holders are considered nonprime borrowers, compared with only 19 percent nationwide.
In areas where homeowners now owe more than their property is worth, the potential for foreclosure is larger. In the Dallas-Fort Worth area, just over 30 percent of mortgage holders are underwater, the latest reports show.
"In some areas where a number of borrowers have mortgages that are larger than the current value of their homes, any life events such a divorce or loss of a job are likely to translate into foreclosures until prices in those areas recover, not just flatten," Brinkmann said.
"As for the outlook, it is unlikely we will see meaningful reductions in the foreclosure and delinquency rates until the employment situation improves."
Cited from the Dallas Morning News
Thursday, May 21, 2009
Friday, February 13, 2009
Tuesday, January 27, 2009
S&P: Dallas-area home prices down 3.3%
S&P: Dallas-area home prices down 3.3%
11:57 AM CST on Tuesday, January 27, 2009
By STEVE BROWN / The Dallas Morning News
stevebrown@dallasnews.com
Dallas home prices dipped by more than 3 percent in the latest gauge of nationwide home values.
But Dallas' decline in November from a year earlier was the lowest of any U.S. market in the closely-watched Standard & Poor's/Case-Shiller Home Price Index.
Nationwide home prices dropped by a record 18.2 percent in the monthly report while Dallas prices fell by only 3.3 percent, according to the report released early Tuesday.
“The freefall in residential real estate continued through November 2008,” S&P's David M. Blitzer said in the report.
It was the 28th consecutive month of nationwide price declines.
In the Dallas area, prices peaked in June 2007. Since then, they've declined by about 6 percent.
Phoenix, with a decline of 32.9 percent, and Las Vegas, down 31.6 percent, had the biggest annual declines in the just-released Case-Shiller report.
The survey tracks the prices of typical single-family homes located 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 sales of specific single-family homes over time.
The November Dallas price decline was in line with other recent studies which show that overall home prices in North Texas have fallen only slightly in the last year.
Along with Dallas, the lowest U.S. home price declines were reported in Denver (-4.3 percent) and Charlotte (-5.3 percent).
S&P/CASE-SHILLER HOME PRICE INDEX
Metropolitan area November 1-year change
Atlanta -11.2%
Boston -7.4%
Charlotte -5.3%
Chicago -12.5%
Cleveland -5.2%
Dallas -3.3%
Denver -4.3%
Detroit -20.7%
Las Vegas -31.6%
Los Angeles -26.9%
Miami -28.7%
Minneapolis -16.3%
New York -8.6%
Phoenix -32.9%
Portland -11.5%
San Diego -25.8%
San Francisco -30.8%
Seattle -11.2%
Tampa -20.9%
Washington -19.4%
Composite-20 city -18.2%
11:57 AM CST on Tuesday, January 27, 2009
By STEVE BROWN / The Dallas Morning News
stevebrown@dallasnews.com
Dallas home prices dipped by more than 3 percent in the latest gauge of nationwide home values.
But Dallas' decline in November from a year earlier was the lowest of any U.S. market in the closely-watched Standard & Poor's/Case-Shiller Home Price Index.
Nationwide home prices dropped by a record 18.2 percent in the monthly report while Dallas prices fell by only 3.3 percent, according to the report released early Tuesday.
“The freefall in residential real estate continued through November 2008,” S&P's David M. Blitzer said in the report.
It was the 28th consecutive month of nationwide price declines.
In the Dallas area, prices peaked in June 2007. Since then, they've declined by about 6 percent.
Phoenix, with a decline of 32.9 percent, and Las Vegas, down 31.6 percent, had the biggest annual declines in the just-released Case-Shiller report.
The survey tracks the prices of typical single-family homes located 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 sales of specific single-family homes over time.
The November Dallas price decline was in line with other recent studies which show that overall home prices in North Texas have fallen only slightly in the last year.
Along with Dallas, the lowest U.S. home price declines were reported in Denver (-4.3 percent) and Charlotte (-5.3 percent).
S&P/CASE-SHILLER HOME PRICE INDEX
Metropolitan area November 1-year change
Atlanta -11.2%
Boston -7.4%
Charlotte -5.3%
Chicago -12.5%
Cleveland -5.2%
Dallas -3.3%
Denver -4.3%
Detroit -20.7%
Las Vegas -31.6%
Los Angeles -26.9%
Miami -28.7%
Minneapolis -16.3%
New York -8.6%
Phoenix -32.9%
Portland -11.5%
San Diego -25.8%
San Francisco -30.8%
Seattle -11.2%
Tampa -20.9%
Washington -19.4%
Composite-20 city -18.2%
Tuesday, December 16, 2008
Dallas housing market
Yes. Houses are still selling. Buyers are still buying. There is just a lot less of it happening in todays market. Like everything, ever market must shift. The excess in our housing market and the excess values (in some parts of the nation) have reared their heads.
The PRO is that the DFW market, while slow, is still one of the strongest in the nation. Why? With the tremendous burdens our nations businesses are facing, many of them are choosing to re-locate into the DFW area where the cost of living is one of the most affordable in the nation.
Call me and let's discuss your re-location needs or your need to up-size or down-size your housing.
The PRO is that the DFW market, while slow, is still one of the strongest in the nation. Why? With the tremendous burdens our nations businesses are facing, many of them are choosing to re-locate into the DFW area where the cost of living is one of the most affordable in the nation.
Call me and let's discuss your re-location needs or your need to up-size or down-size your housing.
Wednesday, October 1, 2008
Study: Dallas-Fort Worth has lowest risk of home price declines
11:11 AM CDT on Wednesday, October 1, 2008
By STEVE BROWN / The Dallas Morning News
stevebrown@dallasnews.com
The Dallas-Fort Worth area is tops in the latest forecast of future home values.
The North Texas cities were ranked as the least likely in the country to experience a sustained home price decline in mortgage insurance giant PMI Group’s newest report.
The D-FW area has less than a 1 percent chance of having lower home prices in two years, according to PMI Group’s new home price risk study.
The California-based insurer ranks about 50 U.S. cities based on the likelihood of home price declines.
All of Texas’ major markets were at the bottom of PMI’s ranking which was released Wednesday.
“Texas is looking better than anybody else,” said PMI economist David Berson. “The economy is dong much better in Texas than other places.
“And you didn’t get the huge run-up in prices that needs to be worked off.”
Even so, home prices in North Texas are down about 2.5 percent from a year ago, according to the latest estimate from Standard & Poor’s Case-Shiller Index.
But the PMI study takes a longer view, predicting where home prices will be in 24 months.
The insurer’s new risk assessment warns that there is almost a 100 percent chance that home prices in markets including Fort Lauderdale, Riverside, Calif. and Orlando will be lower in two years. Big home price declines are also likely in many other Florida, California and Nevada markets.
“This down cycle in housing is very different from those in the past,” said PMI spokesman Nate Purpura. “Typically, employment tanks and foreclosure follow. “In this cycle the foreclosures came first, then the unemployment, and now we’re hitting a second wave of foreclosures brought on by the unemployment,” he said.
“It’s essentially a double-whammy in the housing market and we’re likely still somewhere in the mid-point.”
HOW RISKY IS THE HOUSING MARKET?
Markets with the most and least risk of a home price decline, based on price appreciation, economic growth and affordability according to PMI Group, one of the country's largest mortgage insurance firms. An index of 100 means there is a 100 percent chance of home prices being lower in that area in two years.
MOST RISKY
Fort Lauderdale, Fla. 99.5
Riverside-San Bernardino, Calif. 99.5
Orlando-Kissimmee, Fla. 99.4
Miami 99.0
LEAST RISKY
Fort Worth-Arlington Less than 1
Dallas-Plano-Irving Less than 1
Houston-Sugar Land-Baytown Less than 1
Pittsburgh Less than 1
San Antonio Less than 1
By STEVE BROWN / The Dallas Morning News
stevebrown@dallasnews.com
The Dallas-Fort Worth area is tops in the latest forecast of future home values.
The North Texas cities were ranked as the least likely in the country to experience a sustained home price decline in mortgage insurance giant PMI Group’s newest report.
The D-FW area has less than a 1 percent chance of having lower home prices in two years, according to PMI Group’s new home price risk study.
The California-based insurer ranks about 50 U.S. cities based on the likelihood of home price declines.
All of Texas’ major markets were at the bottom of PMI’s ranking which was released Wednesday.
“Texas is looking better than anybody else,” said PMI economist David Berson. “The economy is dong much better in Texas than other places.
“And you didn’t get the huge run-up in prices that needs to be worked off.”
Even so, home prices in North Texas are down about 2.5 percent from a year ago, according to the latest estimate from Standard & Poor’s Case-Shiller Index.
But the PMI study takes a longer view, predicting where home prices will be in 24 months.
The insurer’s new risk assessment warns that there is almost a 100 percent chance that home prices in markets including Fort Lauderdale, Riverside, Calif. and Orlando will be lower in two years. Big home price declines are also likely in many other Florida, California and Nevada markets.
“This down cycle in housing is very different from those in the past,” said PMI spokesman Nate Purpura. “Typically, employment tanks and foreclosure follow. “In this cycle the foreclosures came first, then the unemployment, and now we’re hitting a second wave of foreclosures brought on by the unemployment,” he said.
“It’s essentially a double-whammy in the housing market and we’re likely still somewhere in the mid-point.”
HOW RISKY IS THE HOUSING MARKET?
Markets with the most and least risk of a home price decline, based on price appreciation, economic growth and affordability according to PMI Group, one of the country's largest mortgage insurance firms. An index of 100 means there is a 100 percent chance of home prices being lower in that area in two years.
MOST RISKY
Fort Lauderdale, Fla. 99.5
Riverside-San Bernardino, Calif. 99.5
Orlando-Kissimmee, Fla. 99.4
Miami 99.0
LEAST RISKY
Fort Worth-Arlington Less than 1
Dallas-Plano-Irving Less than 1
Houston-Sugar Land-Baytown Less than 1
Pittsburgh Less than 1
San Antonio Less than 1
Wednesday, September 17, 2008
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