Oct. 24, 2009 - Migration to TEXAS
Migration to Texas
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How many net residents did Texas add through migration in 2008?
a. 2,500
b. 41,000
c. 140,000
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Answer to Quick Question
c. 140,000
According to the U.S. Census Bureau, Texas had the highest net migration in the country in 2008.
So what will we see in 2009? Another banner year of positive growth... There is no place like TEXAS ~ where homes are the most affordable bar none!
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- Dallas area Home Buyers who Hesitate May Lose Tax Credit
Timing is everything for many first-time buyers today. For those who purchase a home this year, the tax credit is for 10% of the purchase price, up to $8,000. Those who have owned a home in the past three years aren’t eligible. Buyers also have to meet eligibility requirements regarding income; the current credit begins to phase out for singles who make more than $75,000 and couples who make more than $150,000.
Read more: http://rismedia.com/2009-09-17/the-clock-is-ticking-as-first-time-buyers-intensify-their-house-hunting/#ixzz0RTo0OVSH
The current Tax Credit expires December 1st. But the buyer's property must be closed and funded by November 30th. The National Association of REALTORS has issued a Call to Action asking all REALTORS to contact our Congressmen 1.) for the credit to be extended till Dec 2010 and 2.) for an expansion to include EVRYONE & not just First Time Home Buyers. You too can contact your Congressman!
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Aug. 15, 2009 - Dallas Real Estate Market is Coming Alive
RISMEDIA, July, 2009 - Some of you may remember a few years back when a Harris Poll survey found that REALTORS(R) were named among the Top 12 Most Trusted Professionals in America. This was several notches below nurses, doctors and pharmacists, but comfortably above attorneys, stockbrokers and sales professionals in a number of other industries. In fact, while sales professionals as a whole rated somewhere midway on the "most trusted" scale, Realtors consistently garnered the top rating among the entire sales group. That is a reassuring statistic to remember at this particular point in time, when our industry is beginning to pick up and dust off after a challenging economic downturn. With several indicators suggesting, the economy is set to rebound, what must we do to polish our image as trusted advisers and restore consumer confidence going forward?
MartiP's answer to this is "Customer Service First"! Listen and do what the customer wants! In this high tech society - most consumers are shopping the internet before ever contacting a real estate professional. We must be willing to post and give out information about the houses we represent so the consumers know they can trust us. And who are they going to trust the most? Those of us who readily offer information about houses! You see it is not about us - but about them! The days of our hiding our MLS information are over and the sooner we all are on the "Social Networking Band Wagon" the sooner we all will have our share of the business! No doubt the consumers know that our keeping up with all that there is to do in the life of a real estate professional is a daunting task - but the consumers will respect us more in the long run if we will just share information with them... MartiP.com is a real estate professional who is never to busy for you or your referrals and would appreciate the opportunity to serve you and/or them with a high tech - high touch kind of personal real estate service...
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Aug. 10, 2009 - Buyer Beware
Buyer Beware: If you buy a REO property, don't forget that foreclosure voids structural home warranties. I have seen several homes in and around the Dallas metroplex and suburbs on the market that the foundation is not up to par - if you buy this home, how will it be repaired and what will it cost? We have to make sure you check with a structural engineer and you have all the facts before you sign your John Doe!
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Apr. 20, 2009 - Price, Location, Condition and Marketing
The answer is usually price, location, condition and marketing. An agent must be internet savvy and know how to market on the internet for todays consumers who shop for houses on the internet first. Our market is in a flatter position and we have stepped into a buyer’s market. National media is not our friend. The DFW market is stronger than many other markets. However, most of the DFW homes are experiencing a problem in step-up housing. That is to say, normally as the family or income expands the homeowner is ready to step up to a larger mortgage to accommodate the families needs. As an example stepping from an $150K to a larger home would usually be to a $250-$300K. Our economy is a factor. We are still driven by our economic dependency on our local industry. Although we are fortunate to have this base of opportunity, this must change in order to grow. The only way to change this perception is to embrace the inevitable by promoting our outstanding communities as part of the Greater Dallas Forth Worth Metroplex. Our counties governments, our city officials, our schools, our churches, our medical communities provide the perfect setting to accept this growth. I am a member of the Greater Lewisville Association of REALTORS in TX and the local MLS and NLS and am honored to promote the properties in a broader marketing arena.
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Mar. 4, 2009 - Dallas - Fort Worth Real Estate Trends
The answer is usually price, location, condition and marketing. An agent must be internet savvy and know how to market on the internet for todays consumers who shop for houses on the internet first. Our market is in a flatter position and we have stepped into a buyer's market. National media is not our friend. The DFW market is stronger than many other markets. However, most of the DFW homes are experiencing a problem in step-up housing. That is to say, normally as the family or income expands the homeowner is ready to step up to a larger mortgage to accommodate the families needs. As an example stepping from an $150K to a larger home would usually be to a $250-$300K. Our economy is a factor. We are still driven by our economic dependency on our local industry. Although we are fortunate to have this base of opportunity, this must change in order to grow. The only way to change this perception is to embrace the inevitable by promoting our outstanding communities as part of the Greater Dallas Forth Worth Metroplex. Our counties governments, our city officials, our schools, our churches, our medical communities provide the perfect setting to accept this growth. I am a member of the Greater Lewisville Association of REALTORS the local MLS and NLS and am honored to promote the properties in a broader marketing arena.
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Jul. 18, 2008 - Dallas - Fort Worth TX Market is on Track...
Did you know 2007 was the 5th BEST YEAR in recorded real estate sales history? True. This is per the National Association of REALTORS®. They have kept statistics since 1952!
2008 is on track to be right up there. But, if you only relied on the media to give you the impression of real estate sales I'll bet you would have guessed a MUCH lower number.
Over the fifty-six years of statistical history from NAR the average days on market are 171. That is why we used to take six month listings - it is past time to go back to that model. The median existing home price in 2007 fell less than 2% from the ALL TIME HIGHS set in 2005 and 2006! This is per Lawrence Yun, the NAR Chief Economist. So, once again, the media has not taken the time to do the research and proper comparisons when they report "real estate prices tumble" and other such headlines.
All this being said - my theory is this: unless a prospective client must sell and can find the differentation necessary, I tell them not to list. Many a real estate practitioners will disagree with this and list a property well above market! It makes a difference in the professional you select and the comparables used in pricing a home.
Recently our local press had something to brag about which accurately portrays the state of the local market. In case anyone has not told you, real estate is, and always has been, local. What is happening in Florida, Arizona and California, has nothing to do with what is happening in the Dallas - Fort Worth metroplex.
In the DFW area everything and everyone is over the top. Attitudes. Economy. The third largest city in the state of Texas, Dallas, is at the epicenter of culture, education, the arts and sports in the Dallas-Ft. Worth-Arlington metro area. So, if you have big dreams for your family or a business, you should check out the real estate opportunities in this larger-than-life city.
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Apr. 26, 2008 - Dallas - Ft. Worth TX Real Estate Market
Listening to the national press, you would assume that the bottom is falling out of the real estate across the nation. However, in Texas we are not only surviving but in many areas thriving! Of course I have to be honest and say that there are areas that are being hard hit with foreclosures, but for the most part it is not nearly as bad as elsewhere in the US! Recently our local press had something to brag about which accurately portrays the state of the local market. In case anyone has not told you, real estate is, and always has been, local. What is happening in Florida, Arizona and California, has nothing to do with what is happening in the Dallas - Fort Worth metroplex.
In the DFW area everything and everyone is over the top. Attitudes. Economy. The third largest city in the state of Texas, Dallas, is at the epicenter of culture, education, the arts and sports in the Dallas-Ft. Worth-Arlington metro area. So, if you have big dreams for your family or a business, you should check out the real estate opportunities in this larger-than-life city.
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A collections of notes to self, and notes to those who read my blog for the benefit of real estate market updates, houses for sale and anything relative to what is going on in the world of real estate!
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