COPPELL, TX EAST SIDE (AREA 21/2) JANUARY, 2012 MARKET UPDATE

COPPELL, TX ISD

IRVING, TX JANUARY 2012 MARKET UPDATE

COTTONWOOD VALLEY HOMES FOR SALE

As you can tell there are many Irving, Tx Homes for Sale in all different price ranges right now! If you are looking for a great subdivision to call home look no further than Cottonwood Valley Homes for Sale. Cottonwood Valley Homes for Sale offers many diverse and unique homes. The subdivision is perfectly located in internationally recognized Las Colinas which offers some of the most scenic rolling terrain in North Texas. Cottonwood Valley Homes for Sale is in the dead center of DFW and only minutes away from DFW Airport and Downtown Dallas. Cottonwood Valley Homes for Sale is a very peaceful and quiet community even though it is minutes away from all the major highways. It is one of the most luxurious resort and country club neighborhoods in North Texas due to the amazing custom homes that offer panoramic views of the beautiful fairways and waterways. Members of this community have the capability of joining two championship golf courses: the TCP, which hosts the prestigious annual Byron Nelson Golf Tournament, and the Members’ Cottonwood Valley Course. Cottonwood Valley Homes for Sale offers word-class tennis, racquetball, and squash courts, as well as, fully-equipped exercise rooms, indoor and outdoor pool, and a multipurpose gym with a 1/8 mile cushioned indoor jogging track. To learn more about this luxurious subdivision please go to Cottonwood Valley Homes for Sale. There are many more beautiful subdivisions in Irving, Tx and I can tell you about them by going to my website patahomes.com, or by calling me directly at 214.289.6176. It is a great time to buy so do not hesitate to contact me. Here are a few pictures of Cottonwood Valley Homes for Sale…enjoy!

Mortgage Rates at Historic Lows but Beware the "G-fees"

Mortgage rates are still at an all time low but with the extension of the payroll tax cut comes a new way for the government to get money. Rich Hebert is a great Mortgage Lender in the Dallas Fort Worth area and he explains it below. Even with this "g-fee" it is a great time to buy Real Estate in the Dallas Fort Worth Metroplex!!

Rich Hebert Vice President Lending Edge Mortgage Phone: 817-485-4155 Cell: 817-992-6492 License: NMLS:# 209685 Rich@RichHebert.com www.RichHebert.com

Fee Increase to Impact Home Loans In December 2011, Congress reached a last-minute deal to fund the payroll tax cut extension. The payroll tax extension will provide a 2% tax reduction for individuals earning up to $106,800, so the tax extension will be very helpful for many Americans who are struggling during these tough economic times. But like so many things in our tangled economy, there's a flip side. In this case, the tax cut deal has a rippling effect that will impact the mortgage world. Here's what's happening and what it means to home loan rates: What is happening and why? To put it bluntly, the passage of the payroll tax cut extension is being funded via a mandate to Fannie Mae and Freddie Mac (the nation's largest providers of mortgage money) to increase their guarantee fees or "g-fee's" by at least 10 basis points on the rate. So rather than giving a par rate of 4.00%, for example, the par rate is now increased by at least 10 basis points, or approximately 4.10%. But as you probably know...home loan rates are priced and offered in .125% increments, so this will most likely impact the consumer by .125% in rate. Whether you agree or not on the politics behind this cost being passed along to folks who are taking out mortgages, the Congressional Budget Office recently estimated that the increase will ultimately pay for about $35.7 Billion of the cost of the payroll tax extension. What exactly is this "g-fee"? The guarantee fee or "g-fee" is an amount charged by mortgage-backed securities (MBS) providers, like Freddie Mac and Fannie Mae, to help protect against credit-related losses in the overall mortgage portfolio. In other words, it acts a lot like insurance and helps lower the overall risk...which means home loans can be offered at terrific interest rates to borrowers that have good – but not perfect – credit. What exactly is the impact of the rate increase? For example, for a $200,000 home loan, the increased g-fee (assuming a .125% increase in rate) would equate to $250 more per year in interest, or $7,500 more over 30 years. Someone buying or refinancing a home can certainly choose to buy down the cost with cash up front – but most folks will not do this. Who will this impact? The change will impact all new borrowers of Fannie Mae and Freddie Mac loans. The bill will also impact Federal Housing Administration (FHA) loans by increasing the annual mortgage insurance premium that borrowers pay by one-tenth of a percent. When will it start? Officially, the increase to guarantee fees will begin on April 1, 2012. However, the increase is already starting to be seen in rate sheets right now, since home loans being originated now will likely not be closed, pooled and securitized until April...and therefore will need the increased g-fee priced in earlier. How long will this be in effect? The increase will be effective through October 1, 2021. The bottom line is that the g-fees will be going up...and this will impact homebuyers looking to obtain a home loan through Fannie Mae, Freddie Mac and FHA. The good news is that home loan rates are still at historic lows right now, and it's a great time to purchase a new home or refinance. If you or anyone you know has any questions, please call or email! Sincerely, Rich Hebert Lending Edge Mortgage Rich@RichHebert.com

LION SIGHTED IN COPPELL TX NATURE PARK  video

You will never know what you will see walking the trails in Coppell Nature Park. 66 acres of wild, raw nature. Sitting on the west side of Coppell Tx smack in the middle of Wagon Wheel Park, Coppell Nature Park is a great way to get away from the craziness of living between Dallas and Fort Worth.

This park is a natural habitat for coyotes, bobcats, hawks and other animals. There are over 130 different kinds of birds that migrate thru the Nature Park throughout the year. I have lived in Coppell for over eight years and did not know that there are amazing trails that run thru the 66 acre park. The first trails were cut and cleared by Eagle Scouts and volunteers under the supervision of Scout Masters Chris Wilt and Pete Parrish. 

The Parks in Coppell Tx are one of the reasons that Coppell is a great city to live in. Even though it is surrounded by Dallas and Fort Worth, Coppell Tx still has that small town community feel. This is a great time to buy in Coppell!!

Coppell TX Real Estate Update (New Construction)

It is a great sign for the local real estate market when builders start building. At least they have the belief that the market will improve and someone will buy their creations. If that is the case then the Coppell Real Estate Market is on the move.  There are ten New Coppell TX Subdivisions in various stages. To see all Coppell Homes For Sale Click LiveCoppell.

Pre selling

Red Hawk at Denton Tap and Bethel School (55 lots) Zero lot line Garden homes starting at $500,000 and up

Royal Oaks at Sandy Lake and Heartz (22 lots) Single

Family homes starting at $450,000

Willow Park Villa at Coppell Rd and 121 (24 lots) Garden Homes starting at $299,000

Main St. at Old Town (44 Lots) Zero Lot Line Homes for $325,000 and up.

Pre selling soon

Heritage Oaks off Carter Drive (24 lots)

Rosebud at Sandy Lake east of Dobecka (6 lots)

Peterson Addition (4 lots); Bellecare Addition (8lots) Sandy Lake and Leisure

Planning Stage

22.9 acres west of Magnolia Park (65 homesites)

25 acres immediately west of the above site (65 Homesites)

Cypress Waters Phase 1 (570 units of apartments and Townhomes)

To see all Coppell TX Homes for Sale click LiveCoppell.

                                                                    Coppell Market Update Jan 2012

The 10 hottest Markets in Irving TX

Irving TX is a diverse city located between Dallas and Fort Worth. To find all Irving Homes For Sale Click LiveIrving now. Many residents are drawn to Irving TX because of the convenient location, just minutes from both Dallas Fort Worth International Airport and Love Field, close to Downtown Dallas and Downtown Fort Worth and the range of home prices throughout the city. Whether you are looking for a deal below $100,000 or want that mansion in Cottonwood Valley, Irving TX has it. Although your list may be in a different order or a different area or two, here are my 10 great areas to live in Irving TX.

    1)  Valley Ranch located in North Irving with homes listed between $150,000 and $450,000. The City Of Irving recently opened the Campion Trails in Valley Ranch. This smooth surface trail is excellent for joggers, walkers, inline skating or bikes. It is 12 feet wide and hugs the Elm Fork of the Trinity River in Irving’s Las Colinas Urban Center. It connects the canal walk ways that wind throughout Valley Ranch. If you are interested in Irving Homes For Sale in Valley Ranch and surrounding area click Valley Ranch.

   2) Hackberry Creek is a gated community in Irving TX located minutes from the airport just south of 635.  Homes listed between $250,000 to a million plus. It has 3 parks with in the gates with one having a putt putt green for its residents and many walking paths throughout the subdivision. If golf is your game then Hackberry Creek is your subdivision. One of the things the HOA likes to promote is that, although it is close to the airport it is not in any flight paths for the DFW Airport so there are no planes flying low over the subdivision. What they fail to mention is that it is in the flight path for Love Field so there are planes flying overheard but they are pretty high and are not loud!! To see all Irving TX Homes For sale In Hackberry Creek click Hackberry.

  3)  Sherwood Forest located south of 183 between Story and Beltline. If trees are your thing then you will enjoy this area. Homes range between $90,000 and $179,000 and they were mostly built in the late 50s to mid 60’s. Check out current Homes For Sale In Sherwood Forest

  4) Graff Farms is a newish subdivision in south Irving right off Beltline. If you are looking for newer homes this may be your spot. Homes range between $150,000 and $270,000. This subdivision started in 2006. Graff Farms current active listings.

  5)  La Villita is a grand community that surrounds Lake Carolyn (they are calling it a lake anyway) in Irving Tx right off 635 and Riverside Dr.  This subdivision was created in the mid 2000’s and there is still construction going on today. Campion Trails runs alongside this community or you can walk, jog, bike around the Lake.  Two Bedroom Townhomes start in the $160,000. Homes range from $330,000 on up…Homes In La Villita

 6)  Las Brisas Hills is a gated condo subdivision in Irving Tx off Walnut Hill and Las Brisas. Minutes from DFW Airport and the Las Colinas Business District, this is perfect for the young executive. The Condos have had a major exterior remodel and they look awesome. Some of the interiors have been updated but others are waiting for you to put your stamp on. Two and three bedroom condos are selling below $100,000. Although it is tough to get a loan on a condo, it could be worth the hassle to get into your own place for less than $100,000. Las Brisas Hills Condos

 7)  Northwest Park is just north of 183 between Beltline and Esters. You will love the park in Northwest Park with the jogging trail that runs around the park and pond. The Northwest Park Recreation Center is very popular and has many activities for its members. Drop the kids off at Tae Kwon Do and get your dance on at the Zumba Class. These homes were built in the mid 60’s to mid 70’s and range between $80,000 to $140,000. Northwest Park Homes

 8) Cottonwood Valley has long been the premier subdivision of Irving Tx. This gated community surrounds two championship golf courses (one host the Bryon Nelson) and believe it or not has rolling terrain. Some of the best city views can be seen in Cottonwood Valley. Homes range between the mid $300,000 up to millions! Golfers Paradise!! Homes In Cottonwood Valley

 9) University Hills is my favorite subdivision in Irving Tx. Rolling Hills, great parks and places to walk and feed the ducks, relax, get away and catch your breath.  Minutes from Las Colinas Business District, shopping, restaurants. This subdivision feels like a small community smack in the middle of the craziness that is Las Colinas. Homes are from $180,000 up and the up can be way up!! Homes In University Hills

10)  Hospital District is not an actual subdivision but 440 homes close to Baylor Hospital south of 183. The Irving Hospital District has its own enews letter and neighborhood events.  Lots of trees, quiet neighborhood, close knit community are just a couple of reasons to check out Irving Hospital District.

As you can see there are several great Irving TX subdivisions in all price ranges. For more Irving Tx information go to LiveIrving. This is a great time to buy!

New Construction In Irving Tx at Riverside Village has new homes ready for you to move in today. It is a great sign for the housing market in North Texas when builders are active and Riverside Village is nice new subdivision. Home from $37500 to high $400's, there are several inventory homes that the builders are ready to sell. Meritage homes  has their Lantana home that will be ready in March. This has over 2700 square feet and is a two story, 5 bedroom 3 bath home. The master and two bedrooms are downstairs. Kitchen has upgraded granite countertops,decorative tile blacksplash, stainless steel appliances and nice cabinets. Starting at $386,990. For all Irving Homes For Sale in Riverside Village click Riverside Village.

Coventry Homes is also building in Riverside Village. This 3637 square foot home has 4 bedrooms and 4 baths. Three living areas. two of which are on the first floor. . Other highlights include two dining areas, a study, a game room and theater room. Beautiful hardwood floors enhance the interior. An open kitchen offers views of the family room with its huge soaring ceilings. This home is situated in a wonderful location on the corner of a cul-de-sac.

Riverside Village is connected to Campion Trails. A smooth, 12-foot-wide concrete path is the attraction for the trail hugging the Elm Fork of the Trinity River in Irving’s Las Colinas Urban Center. In-line skaters and cyclists flock to the area, although plenty of joggers also can be found here. If you love the outdoors are just want to get out and enjoy the weather than you will love this trail. The city of Irving is planning to eventually have Campion Trails to be a 250 mile trail.

For information on Riverside Village or any Irving Home For Sale call me at 214-289-6186 or click Live Irving.

Foreclosures For Sale in Irving TX 75038 could have the dream home/condo you have been searching for. Currently there are 3 Fannie Mae foreclosure properties listed in Irving TX 75038. These 3 foreclosures are avaiable for HOMEPATH financing which includes low down payment, no mortgage insurance (PMI) and provide both the funds to purchase and to renovate in one loan. For information on all Foreclosed Homes For Sale in Irving Tx call me at 2145-289-6176.

The Foreclosed Condo at Las Brisas Hills is listed at $66,000. It is a three bedroom, 2.5 bath condo with 1473 square feet. Las BrisasHills is a gated subdivision in Irving TX off of Walnut Hill and Las Brisas. Las Brisas is a Spanish/Mediterranean styled casa with Spanish tile roofs, combined with weeping brick wood and stucco facades. The Condos are one 

story and two story and have 9 unigue floor plans, some include carprt and garages.

The second Foreclosed Condo is also in a gated community on Castle Rock Court. Listed at $284,900 this condo has 2216 square feet, 3 bedrooms and 2.5 bath. Master suite has two walk in closets for him and her or maybe all hers...sitting area in master. Kitchen has great looking cabinets and opens to living area..

#3 of the foreclosures for sale in Irving TX 75038 is on Saint Regis Drive and is listed at $161,900. Over 2100 square feet of living space, this one has 3 bedrooms and 2.5 baths. Built in 1992 this home is tucked away in a quiet neighborhood close to the new Irving Dart Rail. 

See all Irving Homes For Sale at Live Irving.

New Construction begins in Frisco Tx and it's a great sign when the builders are out there, back to work, and hard at it too. Such is the case with some Frisco, TX land and Landon Homes, a Dallas-based company.

The new building sites are on over 500 acres of land off of the 121 corridor, on the north side. The Four Builders in Richwoods, a gated community are Landon Homes, Toll Brothers Homes, K Hovnanian Homes and  Newcastle Homes.

This property represents the largest single tract of undeveloped land in Frisco just two miles from Stonebriar Mall. . . With such close proximity to the new Sam Rayburn Tollway and the Dallas North Tollway, I consider this property to be one of the finest locations in the Metroplex.

And, it's true; developments like this will add to the growing suburb that is Frisco, already ripe with interesting properties.

So, contact me to start looking in an area that continues to grow in value. And check out these Frisco Homes for Sale:

Frisco Homes for Sale, Under 700,000

Frisco Homes for Sale, Under 500,000

Frisco Homes for Sale, Under 300,000

Frisco Homes for Sale, Under 200,000

Coppell Homes For Sale Under $175,000 as of 12/10/2011 and they will not last long. If you know anything about the DFW Metrplex then you know that Coppell Tx is a popular place to live. It has a small town feel surrounded by Dallas and Fort Woth. Minutes from Dallas Fort Worth International Airport and twenty minutes from Love Field, it is the perfect place to live and be able to take advantage of the best Dallas and Fort Worth have to offer.

Coppell is located in the extreme north west corner of Dallas County. Close to Interstate 35 to the east, Highway 121 to the north and west and 635 to the south, making it easy to get anywhere you want to go.(but allow for traffic) . To see all current Coppell Homes for Sale click Live Coppell. 

Location of Coppell in Dallas County, Texas

Coordinates: 32°44′19″N 96°53′21″W

 Currently there are 11 Coppell Homes For sale under $175,000 starting at $125,000 for a 2 bedroom 1 bath home with 1306 square feet all the way up to $169500 for a 3 bedroom 2 bath home with 1500 square feet. One of the nicest of the Coppell Homes For Sale is on Clear Creek and is listed for $160,000. This home has over 1700 square feet with 3 bedrooms and 2 baths. Open floor plan with the family room overlooking the beautiful backyard, covered patio and your own fruit trees. This home is in Coppell ISD with Austin as the Elementary School, Coppell East as the Middle School and Coppell High school.

This is an unbelievable time to buy Coppell Real Estate. Mortgage rates are low...low and there are great Coppell homes to choose from.