Dallas Home Foreclosures

North Texas foreclosures peaked in February and are bucking the national trend.  In fact they appear to have flattened out (hit bottom).  Many buyers out there believe there are tremendous deals to be had.  There still may be a few of those left, but not as many as in other markets.  Our buyers should be looking for homes they love and want to live in for many years rather than trying to time the market.  The only way to know when a market has hit bottom is when it’s too late... Read More

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Texas Should Be RED-HOT Next Spring?

This presentation has a TON of great information, but my favorite line is the last one.  Enjoy... 

Read More

 

 

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Declining Local Inventory

Per Steve Brown, Dallas Morning News

"Declining Inventory" 
 
In many parts of the country, falling home prices and a bummed economy are combining to cause a surge in homes on the market.

But North Texas has the best economy in the country – based on job growth.

Maybe that's why the number of homes for sale here is actually falling.

The August report from Altos Research found that Dallas had one of the biggest declines in home inventory in the nation. The number of houses listed for sale here was down 4.8 percent. Only Seattle, with a 6 percent drop, had a better showing.

Dallas-area home sales asking prices are also inching higher. Altos Research and Real IQ found that the average home list price here was $235,923 in August. That's up 1.3 percent during a three-month period.

Nationwide asking prices dropped 2.3 percent during that time.

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Green Watch! Green Homes - Realtors Respond to the Demand! Click here for more information The LOHAS Lifestyle possibilities are endless………………….

 

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Professional Service  USE SHELTER MORTGAGE.  NOW more than ever is it important that you have a Loan Officer who can navigate the industry changes.  A Trusted Advisor and Team Mate are essential to your Real Estate success.  Please give me a call so that we can discuss what we can do to help grow your business.

Have a great weekend!

30 YR. Fixed w/1 origination fee 6.25%

30 YR. Fixed w/no origination fee  6.75%

15 YR. Fixed w/1 origination fee  6.00%

15 YR. Fixed w/no origination fee  6.50%

 
Cheers!

C- 

  Christian C. Johnson
  Assistant Vice President
  214.445.6553 Dallas
  817.361.6133 Fort Worth
  Fax 800.835.1767
  christian.johnson@gbmail.com
 

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