My mother-in-law decided to sell her home in Benbrook, just south of Fort Worth, to be closer to her grandkids. While I was putting the for sale sign in the yard, a couple drove by and asked to see the home. They looked at the home and loved it. That night their Realtor called me [...]
Entries Tagged as 'Economy'
New Home Buyers Downsizing and Going Green in Recession
February 2nd, 2010 · No Comments · Economy, Taxes
For the first time since 1982, the square footage of completed new homes fell from an average 2,520 square feet to 2,480 square feet in 2009, according to the National Association of Home Builders. Smaller homes have been a trend for many years (fewer bedrooms and bathrooms) but the recession has accelerated that trend. And [...]
Tags:downsizing·Economy·first time homebuyers·first time homebuyers tax credit·going green·recession·smaller home sizes·Tax credit
Mortgage Rates Hit Record Low
March 22nd, 2009 · No Comments · Economy, Taxes
One day after the Federal Reserve announced it would be doubling the amount of mortgage debt it would be buying, mortgage rates fell to a record low at well under 5%. This is the lowest that mortgage rates have been in more than 40 years and this is the perfect time to fulfill the American [...]
Tags:Interest rates·Tax credit
North Texas Housing Market Fairing Better Than Most
February 27th, 2009 · No Comments · Economy, Market Updates, Real Estate, Texas
The S & P has surveyed 20 large metropolitan areas regarding housing values. According to that survey, nationally, home values have plummeted well over 18 percent. In the 20 metropolitan areas that were surveyed, all are reporting decreases and 8 of the top 20 are reporting that values have declined more than 20 percent! North [...]
Texas is tops in U.S exports
February 22nd, 2009 · No Comments · Economy, Texas
The U.S. Department of Agriculture has just announced that for the 7th straight year, the state of Texas leads the nation in exports. All that exporting means jobs for Texans! The exports coming from the Lone Star State, which include chemicals, electronics, oil and transportation equipment, totaled more than $192 billion which represents a 14% [...]
Time to Buy – Existing home sales begin recovery
February 21st, 2009 · No Comments · Economy, Real Estate
This may be the best time in decades to buy a home. With record low interest rates and very low home prices, housing may just lead the way to our economic recovery. And, it may have already stared. According to Business Week, in December there was an increase in sales of existing homes. The inventory [...]
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Stimulus package offers real $8,000 tax credit
February 17th, 2009 · No Comments · Economy, Market Updates, Real Estate, Tips
The new stimulus package, set to be signed in Denver today by President Barack Obama, will contain some help for first time home buyers. The previous tax credit, which had to be repaid over 5 years, has been replaced by a real $8,000 tax credit that does not have to be repaid. Homeowners who purchase [...]
Realtors look forward to stimulus
February 15th, 2009 · No Comments · Economy, Market Updates, Real Estate, Texas
Recovery in the housing market is key to overall economic recovery and no one knows that better than the National Association of Realtors (NAR). They are looking forward to the implementation of the Presidents stimulus package citing a number of reasons why they back this plan. According to NAR President Charles McMillan, who is also [...]
Tags:Dallas Real Estate·economic recovery·housing market·real estate market·realtor·stimulus package
