Archive for Market Updates
North Texas Housing Market Fairing Better Than Most
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 [...]
Stimulus package offers real $8,000 tax credit
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 The previous tax credit, which had to be repaid over 5 years, has been replaced by a real $8,000 tax credit that does not have to be repaid.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 [...]
Realtors look forward to stimulus
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 [...]
Texas: Still THE place to be
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 [...]
Things are picking up!
Real estate sales went up in July.