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North Texas Real Estate Information System (NTREIS) reports median single-family home price up 4.1% in Dec-11 over Nov-11, sales fall to 4,162.

View the latest housing reports over North Texas cities.  Media single family home prices reported up in December.

Read more about my newsletter here:http://reneburchell.housingtrendsenewsletter.com/ShowLocalMarkets.cfm?MYURL=http://www.terradatum.com/marketdata/NTREIS/index.html&id=2949

 

Have you been as busy as I have in the last quarter? Was it the weather? Was it the interest rates? The opportunity for buyers or sellers? Relocation?

Whatever the case, here in North Texas we have been busy with our buyers and sellers.  First quarter projections look great as well!  If you need more information about the North Texas area, feel free to ask me!

Have a productive month!

 

Rene' Burchell

REALTOR, CRS, GRI, ABR, SRES, CDPE 

Keller Williams Realty Plano

www.ReneBurchell.com

 

 

I just read a great article written in the Dallas Business Journal and had to share it with you!

These cities have been reported in Money Magazine's article for Best Places to Live in America 2011:

Murphy, Collin County ranking 27th

The Colony, Collin County ranking 68th

Keller, Tarrant County ranking 93rd

I have attached the link to the article, click here: http://www.bizjournals.com/dallas/blog/2011/08/3-dfw-cities-make-moneys-list-of-best.html?page=all

 

 

Top 10 States for Business
 1. Virginia
2. Texas
3. North Carolina
4. Georgia
5. Colorado
6. Massachusetts
7. Minnesota
8. Utah
9. Iowa
10. Nebraska

Click Here to Read the Full Article~

http://www.cnbc.com/id/41666602?__source=yahoo|topstatesva|&par=yahoo

 

 

Recovery to prerecession levels

By Venessa Wong and Joel Stonington

On June 22, Federal Reserve Board Chairman Ben Bernanke said U.S. economic growth is "continuing at a moderate pace, though somewhat more slowly" than previously anticipated, according to Bloomberg.

Of course, not all cities are created equal, according to data and analysis from the Brookings Institution's quarterly review of economic indicators of metropolitan areas across the country.

Anchored by large research institutions, military bases, and other stable employers, some metro areas, from Boston to Columbus to El Paso, have shown more resilience to the downturn than others. There is no suggestion that any area has been exempt from the social ills that resulted from the downturn. Unemployment remains in double digits around much of the country, with the Fresno (Calif.) area showing more than 18 percent unemployment in March. The top areas in this survey are down around 5 percent or 6 percent, with Honolulu showing the lowest unemployment.

The economic picture, even within states, can vary drastically. The major indicators—employment, gross metro product, and housing prices—show that some cities have fared better during two years of expansion by the world's largest economy.
Read More Here:
 

Teacher Next Door Programs

There are an abundance of teacher homeownership programs available at the federal and local levels. The Department for Housing and Urban Development utilizes a program called the Teacher Next Door Initiative which provides a substantial discount off the price of a HUD home in certain revitalization zones.

Various state and county organizations also provide opportunities through local lenders and multifamily housing developments. For one, California has instituted the Extra Credit Teacher Home Purchase Program, which provides down payment incentives to teachers willing to serve in a high priority district. In addition to down payment assistance the ECTP also offers a lower interest rate.

Many national lenders also provide their own teacher housing programs that may consist of 100% financing or reduced closing costs.

For More information on the HUD teacher program:
http://www.hud.gov/offices/hsg/sfh/reo/goodn/main.cfm

 

Officer Next Door Programs

There are several different types of Police Officer homeownership programs available. HUD employs the Police Officer Next Door program to qualified officers. The program provides homes at 50% off the normal listing prices and includes the ability to qualify for a low-interest mortgage. One of the requirements to the program is the applicant must live in the residence for at least 36 months. Those who are eligible must also choose a home that is located in a revitalization area.

There are also programs available at the state and county level. Texas for example provides a Homes for Heroes program which provides low interest loans with assistance with down payment and closing costs.

Most requirements require the applicants be full-time employed officers and remain in the residence for a specified amount of time. There may also be income requirements.

For More information on the HUD police officer program:
http://www.hud.gov/offices/hsg/sfh/reo/goodn/main.cfm

 
  
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Rene Burchell

Frisco, TX

More about me…

Keller Williams Realty Plano

Address: 3600 Preston Rd. , Ste. 100, Plano, TX, 75093

Office Phone: (972) 665-2803

Cell Phone: (469) 877-3303

Email Me



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