We are still being grouped together with the rest of the market

Well as I do everyday, I was searching the internet for housing news. I found another story about as much as 131 of 287 cities lost ground after the latest real estate boom. While i was reading i found something positive for use Texans.

"Smaller cities in the West and Northwest were the stage for much of the best price growth last quarter. Topped by Wenatchee, Wash.'s nearly 24% yearly price increase -- 5% for the quarter and nearly 80% growth in five years, the fastest growth areas were dominated by Washington, Utah, Colorado, Oregon and Texas. The list also includes cities in Alabama, the Carolinas, Virginia, Mississippi and Pennsylvania."  MSN.com

As i have been saying in other… Read Full Post

How to Get the Best Deal on your Real Estate Purchase in a Buyers Market.

Today, in my dailey blog i am going to talk about how to get the best deal in a buyers market. Do your homework and you might be able to make an aggressively low offer that a seller will accept.

One of the main things in making an offer on a home is not to offend, if you offend the seller you may not even get a counter. You do not want the seller to quash a deal right off the bat.  So before making any offer do your homework.  You are working with an buyers agent, it doesn't cost you anything.

Here are couple of things you want to look for.

• Distressed Sellers
• Relocating Sellers
• Builders in trouble
• List Price Drops

In your home work I talked about… Read Full Post

Housing in Texas has always been lower then the rest of the nation.

I showed a home today, that needs to sell quickly. It's a fully custom home in Azle/North Fort Worth Texas. The value of the home was 405,000. The seller/builder is trying to sell it for 349,000. The reason i am telling you this, is to kinda tell you about our home prices in the DFW area. This fully custom home is over 3300 Sqft, it has hand scraped wood floor in most of the living areas. This home is also on 1 acre and in a gated community.

                              
                                                                  Front of House (Fully Custom)

I want to share this home, even though it is listed by another agent.  This home also has a fully cover back… Read Full Post

Surprise boost in housing sales

We finally got some good housing news in the USA. In my past blog posts i have been bad mouthing the National News. Well i have some good news to report.

Sales of new homes perked up in July, while factory orders took off, raising hopes that the economy can safely weather financial turmoil that has shaken Wall Street. New home sales rose 2.8% in July. I have noticed a spike in people also wanting to buy homes in the Dallas-Fort Worth Market also.  In the last 2 or 3 weeks I have had so many showings and contract i was thinking this is alot like 2006.

The housing reports, the improvement in sales reflected gains in the West and the South, where sales went up by 22.4%. That is great improvement.

Hopefully this… Read Full Post

It is time to buy a home, Call an agent today. Not only in most markets are the home prices down, as you read in the title the rates are down also.
Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.52 percent. If you are looing for a home now is the time to buy

In Dallas-Fort Worth Texas we have a builder that is offering a 5.25 rate on FHA loans under 210,000.

If you in the market for a brand new home in the Dallas -Fort Worth area call me today. I can get you a brand new home with up to 30,000 off the price and with a rate of 5.25%. This will not last long, homes much close by the end of September.

Call a Local Realtor Today.....

Mike Pannell
817-703-3238 Read Full Post

                   

Despite the National Real Estate slowdown, Texas is still strong

I wish the news sources in Texas would stop report all this national real estate news. If only people could see past this. Our home are prices are still going up, and they are still selling in a timely manner. In this blog i want to show some positive news.

Texas Surpasses National Home Appreciation Rate

Texas is no longer making headlines as having the most foreclosures in the country.

Austin and San Antonio are seeing the strongest rate increases at more than 10 percent.

The appreciation has slowed in California to 1.2%. and to around 3% in New York.  Price increases in Nevada have virtually disappeared to around .6 percent. There are area… Read Full Post

What you may not know about Buying a Home In Fort Worth Texas

Are you interested in buying a home in Fort Worth Texas? If you have done this in the past you may already know everything there is about the process. But on the other hand if you are a First Home Buyer, you may have a few undecided details floating around in your head. And even if you have experience with this process there are many things that you may not know, or may not remember. The bad thing about this is that when you do not know something about buying a home it could come back to harm you later on down the line. So trying to avoid these unknowns is quite important.

http://www.fortworth-texas-real-estate.com/blog/date/2007/05/

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Texas future looks bright
The Real Estate Center at Texas A&M says that real estate in the Lone Star state will continue to shine bright in 2007. The experts there cite several reasons for this prediction, including strong population growth, healthy job growth, low tax burden, and affordable housing.

Texas added more than two million people between 2000 and 2005, and continues to grow by about 400,000 people each year. That is the second-largest increase next to California. Domestic migration is helping to drive the real estate market in Texas. But unlike California, our homes are reasonably priced, with moderate appreciation. In addition to strong population growth, Texas has a solid job market; with job growth double that of the national average. As a…

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