City leaders are considering a plan to add more than a thousand new homes to Eastern Frisco. The 500 acres on the 121 corridor will be called Richwoods and will be near the Rolater/Independence area. Plano based Landon Homes purchased the tract and hopes to build 1,600 new homes. Although nowhere near the boom levels [...]
Entries Tagged as 'Market Updates'
Dallas is the Fastest Growing City in the U.S.
November 7th, 2010 · No Comments · Market Updates
The DFW area grew by staggering 25% during the last decade, according to CNNMoney.com. That’s an increase of about 1.3 million people flocking to the prosperous area. Dallas boasts no corporate tax, low building costs and minimal regulations and the state of Texas has no state income tax. Dallas Mayor, Tom Leppert says “It’s a [...]
Tags:Dallas·real estate.growth
Pending Sales for Homes Remains Higher Than Last Year
January 8th, 2010 · No Comments · Market Updates
Great news for existing homeowners who are selling their homes. Not only are home sales higher than last year, but the newly expanded tax credit will allow existing homeowners to also get a tax credit when they purchase their new primary residence. They must have lived in their previous home for 5 years and the [...]
Tags:homes·homes sales·pending home sales·Real Estate·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 [...]
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 The previous tax credit, which had to be repaid over 5 years, has been replaced by a real $8,000 tax credit that does not have to be repaid.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
Texas: Still THE place to be
February 8th, 2009 · No Comments · Market Updates
While the United States economy is cooling, Texas jobs are still red hot. According to Texas A & M researchers (January 2009 Monthly Review of the Texas Economy), even in these difficult economic times, Texas continues to create jobs with all Texas metro areas experiencing positive growth rates. Last year (2008), while the U.S. economy [...]
Things are picking up!
August 25th, 2008 · 3 Comments · Market Updates
Real estate sales went up in July.
Tags:
