Wednesday, January 27, 2010
Dallas-Carrollton Texas Market Heating Up!!
Executing a contract today! Lovely Carrollton home sold in less than 1 week! The Dallas/FortWorth market is heating up!Listing another in West Plano today!!
Tuesday, January 26, 2010
Quote of the day
What lies behind us and what lies before us are tiny matters compared to what lies within us.
Author: Ralph Waldo Emerson
Author: Ralph Waldo Emerson
Dallas-area home prices turn positive in Case-Shiller index 8:31 AM CT
09:05 AM CST on Tuesday, January 26, 2010
By STEVE BROWN / The Dallas Morning News
stevebrown@dallasnews.com
Dallas-area home prices turned positive for the first time in more than two years in the closely-watched Case-Shiller Home Price Index.
Residential values in the Dallas area were up 1.4 percent in November from a year earlier – the best performance of the 20 cities tracked in the monthly survey, which was released on Tuesday.
Prices were down 5.3 percent for all the cities in the index from a year ago.
“Looking at the annual figures, four markets – Dallas, Denver, San Diego and San Francisco – finally entered positive territory, something we haven’t really seen in at least two years,” Standard & Poor’s David M. Blitzer said Tuesday in the report.
Other major U.S. home markets weren’t so lucky. Charlotte, Las Vegas, Seattle and Tampa all hit new low points in the survey.
And Dallas-area home prices fell by 0.6 percent on a monthly basis in November from October, Case-Shiller said.
“On balance, while these data do show that home prices are far more stable than they were a year ago, there is no clear sign of a sustained, broad-based recovery,” Blitzer said.
Still, the Dallas numbers are in line with a string of recent reports that show residential values in the area are leveling off.
For all of 2009, median home sales prices in North Texas were unchanged from 2008 levels, according to statistics from the North Texas Real Estate Information System.
And other reports show slight gains in home prices in the Dallas area.
Dallas home values bottomed out in the Case-Shiller last March when prices were down 5.6 percent on an annual basis.
Until the latest report, the last time the index was positive for Dallas was in September 2007 when annual values were up 0.5 percent.
Case-Shiller tracks the prices of typical single-family homes located in each metropolitan area. The index does not include condominiums and townhouses. It only covers pre-owned properties – no new construction.
The Case-Shiller researchers compare sales of specific properties over time
09:05 AM CST on Tuesday, January 26, 2010
By STEVE BROWN / The Dallas Morning News
stevebrown@dallasnews.com
Dallas-area home prices turned positive for the first time in more than two years in the closely-watched Case-Shiller Home Price Index.
Residential values in the Dallas area were up 1.4 percent in November from a year earlier – the best performance of the 20 cities tracked in the monthly survey, which was released on Tuesday.
Prices were down 5.3 percent for all the cities in the index from a year ago.
“Looking at the annual figures, four markets – Dallas, Denver, San Diego and San Francisco – finally entered positive territory, something we haven’t really seen in at least two years,” Standard & Poor’s David M. Blitzer said Tuesday in the report.
Other major U.S. home markets weren’t so lucky. Charlotte, Las Vegas, Seattle and Tampa all hit new low points in the survey.
And Dallas-area home prices fell by 0.6 percent on a monthly basis in November from October, Case-Shiller said.
“On balance, while these data do show that home prices are far more stable than they were a year ago, there is no clear sign of a sustained, broad-based recovery,” Blitzer said.
Still, the Dallas numbers are in line with a string of recent reports that show residential values in the area are leveling off.
For all of 2009, median home sales prices in North Texas were unchanged from 2008 levels, according to statistics from the North Texas Real Estate Information System.
And other reports show slight gains in home prices in the Dallas area.
Dallas home values bottomed out in the Case-Shiller last March when prices were down 5.6 percent on an annual basis.
Until the latest report, the last time the index was positive for Dallas was in September 2007 when annual values were up 0.5 percent.
Case-Shiller tracks the prices of typical single-family homes located in each metropolitan area. The index does not include condominiums and townhouses. It only covers pre-owned properties – no new construction.
The Case-Shiller researchers compare sales of specific properties over time
Saturday, October 31, 2009
US Senate Passed to extend First Time Buyer Tax Credit and A New MOVE UP BUYER CREDIT!!
Senators Agree to Extend Homebuyer Tax Credit
Legislation Pending Approval From Congress
Senators have agreed to extend the $8,000 first-time homebuyer tax credit originally set to expire on November 30. Once the Senate officially votes on the bill it will move to the House of Representatives, which strongly supports the extension. The Obama administration has also signaled its strong support for an extension of the tax credit.
Aside from the first-time homebuyer credit, the new plan would offer a $6,500 credit for repeat or move-up homebuyers who have lived in their primary residence for five years or more. The tax credits would be available to buyers who sign purchase agreements on a new or existing primary residence between December 1, 2009 and April 30, 2010. Buyers would have until June 30 to close on their new homes.
There is an $800,000 price limit on all homes eligible for the credit. The income limits for all buyers would rise to $125,000 per year for individuals and $225,000 for married couples. Under the current program, the limits are $75,000 and $150,000 respectively. The first-time homebuyer credit is also available to those who have not owned a home in the previous three years. The credit does not have to be repaid unless the home is sold or ceases to be the primary residence within three years.
According to the Treasury Department, more than 1.2 million borrowers have claimed $8.5 billion of the $13.6 billion set aside for the first-time homebuyer tax credit.
Legislation Pending Approval From Congress
Senators have agreed to extend the $8,000 first-time homebuyer tax credit originally set to expire on November 30. Once the Senate officially votes on the bill it will move to the House of Representatives, which strongly supports the extension. The Obama administration has also signaled its strong support for an extension of the tax credit.
Aside from the first-time homebuyer credit, the new plan would offer a $6,500 credit for repeat or move-up homebuyers who have lived in their primary residence for five years or more. The tax credits would be available to buyers who sign purchase agreements on a new or existing primary residence between December 1, 2009 and April 30, 2010. Buyers would have until June 30 to close on their new homes.
There is an $800,000 price limit on all homes eligible for the credit. The income limits for all buyers would rise to $125,000 per year for individuals and $225,000 for married couples. Under the current program, the limits are $75,000 and $150,000 respectively. The first-time homebuyer credit is also available to those who have not owned a home in the previous three years. The credit does not have to be repaid unless the home is sold or ceases to be the primary residence within three years.
According to the Treasury Department, more than 1.2 million borrowers have claimed $8.5 billion of the $13.6 billion set aside for the first-time homebuyer tax credit.
Friday, October 30, 2009
HOME BUYER TAX CREDIT EXTENDED? CAN IT BE REAL FIRST TIME BUYERS AND MOVE UP BUYERS?
A deal struck among key senators last night to extend the homebuyer tax credit will broaden the benefit to include existing homeowners who are buying a new home as well as first-time homebuyers.
Tax credit for move-up buyers will be less than for first-time buyers, but still significant. They will qualify for a credit of up to $6,500 and must have owned their current homes at least five years. Under the current program and the new one for 2010, first-time buyers qualify for up to $8,000 and cannot have owned a home for the past three years.
Income limits would rise under the new proposal. Individuals would have to make less than $125,000 a year and couples $225,000 per year to qualify. Under the current program, limits are $75,000 for individuals and $150,000 for couples. Move-up buyers will be subject to the same income limits as first-time buyers.
Under the compromise worked out last night, the homebuyer tax credit would be extended seven months. Homebuyers will have to sign contracts by the end of April in order to qualify and they would have until the end of June to close. The current credit expires December 1. Cost is estimated at roughly $10 billion.
Tax credit for move-up buyers will be less than for first-time buyers, but still significant. They will qualify for a credit of up to $6,500 and must have owned their current homes at least five years. Under the current program and the new one for 2010, first-time buyers qualify for up to $8,000 and cannot have owned a home for the past three years.
Income limits would rise under the new proposal. Individuals would have to make less than $125,000 a year and couples $225,000 per year to qualify. Under the current program, limits are $75,000 for individuals and $150,000 for couples. Move-up buyers will be subject to the same income limits as first-time buyers.
Under the compromise worked out last night, the homebuyer tax credit would be extended seven months. Homebuyers will have to sign contracts by the end of April in order to qualify and they would have until the end of June to close. The current credit expires December 1. Cost is estimated at roughly $10 billion.
Sunday, July 19, 2009
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Welcome to the Dallas Chapter of WCR
The Dallas Chapter of the Women's Council of REALTORS® supports REALTORS® throughout the Dallas area. Please peruse our Web site to find out about us as an organization and some of the benefits of membership. You may utilize our directory to find a current WCR-Dallas member or familiarize yourself with our officers. If you would like to attend one of our monthly meetings or special events, we have posted a schedule of events. If you are interested in becoming a member, we invite you to complete an on-line form that will automatically, be submitted to our membership chair. Finally, we recognize our advertisers on a page dedicated to them.President's NotesJoint Collin County, Dallas meeting June 2009By: Shelly Hammer, Jun 16, 2009  Shelly Hammer, Ebby Halliday, Sandra Hunt, and Kim Raine The annual joint meeting of the Collin County and Dallas Chapters of the Women's Council of Realtors was held Thursday June 11th with Dallas the host chapter. We had our 2009 State Chapter President Sandra Hunt as our special guest. In addition the founder of the Dallas chapter, Ebby Halliday was present to sign her book and share some of her many years of wisdom in Dallas real estate. Our next meeting is "Marketing Through Staging" with Jason Maxswell with Equity Enhancers on July 9th. In addition there will be a free one hour MCE class before the meeting and the subject of the class will be "Social Networking." See everyone next month. |
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