Showing posts with label real estate. Show all posts
Showing posts with label real estate. Show all posts
Sunday, February 5, 2012
Wednesday, September 14, 2011
Tuesday, July 20, 2010
Thursday, April 15, 2010
Monday, February 15, 2010
New home construction is still a good option!
I have sold many buyers new construction homes in and around the DFW area. New construction is a good option BUT!!!!
Do not go to the builder directly. Even when you purchase a new construction home, you need to have the professional represenatation of a realtor. I have negotiated tremendous savings for my buyers on new contruction purchases. I have also met with MANY families that needed to sell their new construction home but quickly learned that they overpaid going in. Call me today to find out more about builder incentives and deals that I can get you on your new construction purchase.
Monday, January 25, 2010
Monday, June 1, 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, January 6, 2009
Economic and Market Watch Report 2nd Quarter 2008
Click here to veiew the best numbers regarding our North Texas Real Estate Information System Economci and Market Watch Report for the 2nd Quarter for 2008.
If you should have questions regarding this important information, please feel free to call. Like every year, the market takes a slow down from Thanksgiving to the end of January.
If you should have questions regarding this important information, please feel free to call. Like every year, the market takes a slow down from Thanksgiving to the end of January.
Tuesday, August 19, 2008
Foreclosures
Of the 45 million mortgages in the United States....
- .99% of them are in a foreclosure status
- 6.35% of them are in default (at least 30+ days late)
- 6.7 million distressted properties (owners are in default or foreclosure)
Of those that are in danger of foreclosure, only 2 of 8 will seek assistance from a Realtor.
Who do you know that may be having problems paying their mortgage? My real estate team can assist with selling a home for less that what a borrower owes.
- .99% of them are in a foreclosure status
- 6.35% of them are in default (at least 30+ days late)
- 6.7 million distressted properties (owners are in default or foreclosure)
Of those that are in danger of foreclosure, only 2 of 8 will seek assistance from a Realtor.
Who do you know that may be having problems paying their mortgage? My real estate team can assist with selling a home for less that what a borrower owes.
Wednesday, April 9, 2008
Dallas Morning News Reports; DFW area home sales slide by 25%
Dallas-Fort Worth sales of pre-owned homes drop 25%
11:29 PM CDT on Monday, April 7, 2008
By STEVE BROWN / The Dallas Morning Newsstevebrown@dallasnews.com
North Texas pre-owned home sales slid 25 percent in March from a year ago.
Last month's decline in home sales – one of the steepest so far – was enough to put the entire first quarter into a double-digit downturn, according to preliminary statistics released Monday by the North Texas Real Estate Information System.
During the first three months of 2008, pre-owned home sales in North Texas dropped by 18 percent from the same period last year, according to sales through the Realtors' multiple listing services.
Even so, median prices remained relatively unchanged – down only 1 percent during the quarter.
And the number of single-family houses on the market dropped 5 percent in March.
Real estate agents say business has increased in recent weeks, and they hope that the spring home sales season won't be a bust this year.
"Traffic has definitely picked up, and showings have picked up," said Jim Fite, president of Dallas-based Century 21 Judge Fite Co. "A lot of inventory is being bought up from the foreclosures, and that's a good thing."
At the end of March, about a 6.4-month supply of homes was listed for sale in the Dallas area.
Six months is widely considered a balanced market.
Much of the decline in home sales is being attributed to tougher lending standards that have locked some potential buyers out of the market.
Investors who had purchased thousands of houses are also on the sidelines.
The first-quarter drop in pre-owned single-family home sales – while significant – was less than the 30 percent-plus decline in new home sales in Dallas-Fort Worth during the same period.
Sales of condominiums and townhouses have fallen even further – down 40 percent in March from a year earlier, according to the latest Realtor numbers.
The outlook for the period ahead is clouded.
Pending house sales were down 30 percent last month from a year earlier.
The number of pending condo and townhouse sales was down 37 percent.
Economists don't expect a quick rebound in the local housing market.
"My best guess is no real market improvement until latter 2009," said Dr. James Gaines with Texas A&M University's Real Estate Center. "This year and next will be trying for everybody.
"2009 probably may show some slight improvement, but nothing to get real excited about," he said. "It'll take that long to work through the excess new home inventory plus sell off all the foreclosures, which won't slow down until later next year."
11:29 PM CDT on Monday, April 7, 2008
By STEVE BROWN / The Dallas Morning Newsstevebrown@dallasnews.com
North Texas pre-owned home sales slid 25 percent in March from a year ago.
Last month's decline in home sales – one of the steepest so far – was enough to put the entire first quarter into a double-digit downturn, according to preliminary statistics released Monday by the North Texas Real Estate Information System.
During the first three months of 2008, pre-owned home sales in North Texas dropped by 18 percent from the same period last year, according to sales through the Realtors' multiple listing services.
Even so, median prices remained relatively unchanged – down only 1 percent during the quarter.
And the number of single-family houses on the market dropped 5 percent in March.
Real estate agents say business has increased in recent weeks, and they hope that the spring home sales season won't be a bust this year.
"Traffic has definitely picked up, and showings have picked up," said Jim Fite, president of Dallas-based Century 21 Judge Fite Co. "A lot of inventory is being bought up from the foreclosures, and that's a good thing."
At the end of March, about a 6.4-month supply of homes was listed for sale in the Dallas area.
Six months is widely considered a balanced market.
Much of the decline in home sales is being attributed to tougher lending standards that have locked some potential buyers out of the market.
Investors who had purchased thousands of houses are also on the sidelines.
The first-quarter drop in pre-owned single-family home sales – while significant – was less than the 30 percent-plus decline in new home sales in Dallas-Fort Worth during the same period.
Sales of condominiums and townhouses have fallen even further – down 40 percent in March from a year earlier, according to the latest Realtor numbers.
The outlook for the period ahead is clouded.
Pending house sales were down 30 percent last month from a year earlier.
The number of pending condo and townhouse sales was down 37 percent.
Economists don't expect a quick rebound in the local housing market.
"My best guess is no real market improvement until latter 2009," said Dr. James Gaines with Texas A&M University's Real Estate Center. "This year and next will be trying for everybody.
"2009 probably may show some slight improvement, but nothing to get real excited about," he said. "It'll take that long to work through the excess new home inventory plus sell off all the foreclosures, which won't slow down until later next year."
Wednesday, February 27, 2008
Dallas Morning News Spotlight on real estate market in Melissa!
I mentioned last week about the Dallas Morning News quoting me in an article. As promised, I found the link.
You can click HERE to read more on the market in Melissa, TX.
You can click HERE to read more on the market in Melissa, TX.
Monday, January 14, 2008
$3000 paid for buyers closing costs by seller
This beautiful starter home is in move-in-condition. Wonderful mature landscaping , recent interior paint upgrades, large bedrooms, ceramic tile and a huge secondary living area are just some of the amenities that make this home one of the best values in the area. The seller is also willing to pay up to $3,000.00 of the buyers closing costs with a full-price offer in addition to the many amazing features that this light, bright and airy home has to offer.
For more information call:
1-800-284-0913 x 3069
Friday, January 4, 2008
Monday, December 31, 2007
Friday, November 30, 2007
Why You NEED A REALTOR When Buying a House
The internet is great. Never before have home buyers been so empowered. With the internet it is possible to research homes in another town, compare prices, size, features, etc. without ever speaking to a real estate professional.
If that’s the case, why should anyone ever use a Realtor to buy property? Isn’t that a waste of time? Not if making a good buying decision is the main objective. The internet can offer data but it can not interpret it. That’s the big advantage of working with a Realtor. Realtors not only know the market but they know how to interpret it.
A Realtor doesn’t just spend time working with buyers and sellers. Realtors study market trends. Which areas of town are appreciating fastest? Where are properties turning over quickly and where is inventory piling up? What features are buyers looking for that they are willing to pay more for? What features make a home dated in buyers’ eyes?
All of these are questions that Realtors research every day. With over 7000 resale properties on the market in the Naples area at any given time, and thousands more being built it is a full time job to stay on top of this ever-changing market.
Features that might be considered standard in one neighborhood could be overbuilt in another. Knowing that properties are taking longer to sell in one area than in a comparable area might make a difference in what price a buyer might want to offer. Even knowing what government or environmental regulations are new or pending can make a difference in a home’s value in the future.
Most new communities are not found on the internet through the same sources as resale homes. It makes it difficult for a prospective buyer to compare apples to apples. Realtors tour new communities on a regular basis and track their sales as well.
This market demands constant education. Realtors work with appraisers, home inspectors, lenders, and other professionals on a regular basis. These become sources for market information as well.
Buyers can use the internet to save time and to get ideas. They can eliminate homes that do not meet their needs and explore areas that look interesting. A good realtor will not talk a customer into or out of buying a home, but will make sure it is an informed decision that results in satisfaction for years to come.
If that’s the case, why should anyone ever use a Realtor to buy property? Isn’t that a waste of time? Not if making a good buying decision is the main objective. The internet can offer data but it can not interpret it. That’s the big advantage of working with a Realtor. Realtors not only know the market but they know how to interpret it.
A Realtor doesn’t just spend time working with buyers and sellers. Realtors study market trends. Which areas of town are appreciating fastest? Where are properties turning over quickly and where is inventory piling up? What features are buyers looking for that they are willing to pay more for? What features make a home dated in buyers’ eyes?
All of these are questions that Realtors research every day. With over 7000 resale properties on the market in the Naples area at any given time, and thousands more being built it is a full time job to stay on top of this ever-changing market.
Features that might be considered standard in one neighborhood could be overbuilt in another. Knowing that properties are taking longer to sell in one area than in a comparable area might make a difference in what price a buyer might want to offer. Even knowing what government or environmental regulations are new or pending can make a difference in a home’s value in the future.
Most new communities are not found on the internet through the same sources as resale homes. It makes it difficult for a prospective buyer to compare apples to apples. Realtors tour new communities on a regular basis and track their sales as well.
This market demands constant education. Realtors work with appraisers, home inspectors, lenders, and other professionals on a regular basis. These become sources for market information as well.
Buyers can use the internet to save time and to get ideas. They can eliminate homes that do not meet their needs and explore areas that look interesting. A good realtor will not talk a customer into or out of buying a home, but will make sure it is an informed decision that results in satisfaction for years to come.
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