NOW WE HAVE APPRAISAL PROBLEMS! - 06/25/09 05:45 PM
Many of you have probably never heard of the Home Valuation Code of Conduct (HVCC) but if you are buying or selling a home you may encounter appraisal problems due to this change in appraisal standards.
On Thursday The National Association of Realtors chief Economist Lawrence Yun released the following statement:
"In the past month, we have suddenly been bombarded with many stories of, at the last moment, transactions falling apart because appraisals are coming in unrealistically low. As a result it opens up a new round of negotiations between a buyer and a seller or in many cases the buyer … (0 comments)

JULY FORECLOSURE POSTINGS SET RECORD OR MAYBE NOT! - 06/21/09 03:44 PM
The Dallas Morning News reported Friday that there was a record number of foreclosures posted for July. Well maybe it is but there is one problem. Many of the homes posted were also posted for foreclosure in May and some of them were also posted in April. The total number reported in the Dallas News of over 35,000 home foreclosure fillings so far for this year includes these homes that have been posted multiple times. I did a quick check and found that 49 homes were posted in Richardson for July and out of these 22 had been previously posted. In … (0 comments)

NORTH DALLAS SALES ACTIVITY FOR MAY - 06/18/09 04:39 PM
Due to the size of the north Dallas Area, I break the report into 2 sections.
North Dallas north of Northwest Hwy. and south of LBJ:
This area continues to struggle. Sales were of by 18% and the average sales price declined by 15%. this does not mean that all of the homes declined by this much. there are a great many homes in this area above $800,000 and this end of the market is having a very hard time. Interest rates are high on non-conforming loans and demand is low. The fact that the upper end is not selling is … (0 comments)

RICHARDSON SALES ACTIVITY FOR MAY - 06/10/09 01:41 PM
For May sales in the metroplex were off by 24% and the average sales price declined by 5%.
Richardson fared much better. Sales were down in Richardson by 13% but the average sales price was up by 2% while the median sales price was down by 2%. These 2 small changes in price really indicate a flat sales price. While the number of active listings and new listings continued to decline, pending sales saw an increase for the first time in months.
The continued decline in the number of homes on the market is creating a real shortage in the market place. The homes that … (0 comments)

BUYERS ARE COMING BACK TO THE MARKET! - 06/06/09 04:30 PM
The last 2 weeks have seen buyers coming back into the market! I'm currently working with several buyers and Realtor I talk to says they are too. I don't know if the increase in mortgage rates have gotten buyers off center or just a better feeling about the economy but what ever it is it's a very positive sign.
If you are a buyer you better have a good agent who can get you in the homes the day they come on the market because the best homes are going fast.
… (0 comments)

 
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Marie Walton, ABR, CRS, GRI, SRES

Dallas, TX

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Ebby Halliday, REALTORS

Address: 7517 Campbell Rd. , Suite 616, Dallas, TX, 75248

Office Phone: (972) 930-8516

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Providing information about residential real estate for North Dallas, Richardson and Plano.


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