Ryan's Blog

Tax Credit extended and expanded!!!

San Angelo Real Estate Market Report - 2009

San Angelo, Tx Mortgage Rates are Up and Down!

Lake Nasworthy Market Report

San Angelo Real Estate 12/15/2008 - Market Conditions

Interest Rates in San Angelo, Texas. Could they see 4.50%??

San Angelo Downtown Christmas Parade

My First BPO

New Resataurant Coming to San Angelo: The Grill

New San Angelo Subdivision. New Construction

San Angelo, Texas Market Report - Real Estate

The Fall of Wall Street

Home Staging in San Angelo, TX - San Angelo Real Estate

San Angelo Homes - New Master Planned Community by Perry Hall Homes

San Angelo, TX Saving Tips

San Angelo Real Estate - Ryan Newlin, REALTOR

Foreclosure article from The Wall Street Jounal

San Angelo, Texas Market Report - Real Estate

Private Mortgage Insurance

San Angelo Real Estate: Tax Credit for First Time Home Buyers

Lake Nasworthy from Dos Rios Ranchettes. San Angelo Texas Real Estate

Saving Energy in San Angelo, Texas

San Angelo Real Estate Foreclosures

San Angelo Recycles

Dave Ramsey Real Estate ELP

Ryan Newlin (ERA Newlin and Company) — Thu, 12 Nov 2009 11:37:44 -0800

First Time Home Buyers can now receive up to a $8000 tax refund until the end of April.

Also, current homeowners can receive up to $6500 tax refund if they move up in house. There are some stipulations, so call me and I can send you the info.

Ryan Newlin

325-277-2828

Ryan Newlin (ERA Newlin and Company) — Wed, 11 Mar 2009 16:12:02 -0700

Some of you might have seen the San Angelo Association of Realtors promoting their new marketing campaign. This is the "Real Estate is Local, & Local is Good!" slogan that has been flashing on your TV and in the front yard of your neighbors. You might be wondering, is this true or are the Realtors trying to pull the wool over your eyes. With the state of the national economy, how can San Angelo be doing so well? For starters, our local banks decided not to participate with the Sub-Prime lending fiasco. Although we have foreclosures, there are not many more now than 3 years ago. Want to see for yourself, check out this link...San Angelo Foreclosures for the April Sale.

I have compiled some stats from Navica MLS from 1/1/2009 thru 3/11/2009 for Residential Sales in San Angelo ONLY.

160 Homes Sold
Low Price - $25,005
High Price - $479,900
Average Price - $125,422
Median Price - $109,000
Average Days on Market - 100

These homes sold at an average of 96.89% of Asking Price.

If you ask me, these numbers do not look too bad but lets take a look at last year during the same period.

202 Homes Sold
Low Price - $14,900
High Price - $560,000
Average Price - $123,398
Median Price - $108,800
Average Days on Market - 87

These homes sold at an average of 96.45% of Asking Price.

As you can see, these numbers are almost identical. I guess the Board of Realtors is correct, Local is Good!

On a side note, we closed a deal recently where our buyers had an interest rate below 6% and will be receiving an $8,000 tax credit on their 2008 tax return now, which represents about 5% of the sales price on the home being rebated by the government. The buyers are elated. Sorry, but nobody can convince me that these buyers should have remained renters, sitting on the sidelines trying to “time” the market while they wring their hands and worry about the economy. No, they are very smart and they’ve done the right thing, which is find a great deal and buy it.

If you would like more info on the First Time Home Buyer Tax Refund or a Market Report for your specific neighborhood, please contact me. Just google me....

Ryan Newlin (ERA Newlin and Company) — Mon, 29 Dec 2008 08:34:54 -0800

In the past week we have seen rates above and below 5%. Depending on your situation, this could be a great time to buy a home or refinance your curent home. Please give me a call if your would like more information.

Ryan Newlin

325.277.2828

Ryan Newlin (ERA Newlin and Company) — Wed, 17 Dec 2008 08:47:00 -0800

ATTENTION LAKE NASWORTHY LOVERS:

During 2008, according to data released by San Angelo Association of Realtors Multiple Listing Service, 15 lake homes have sold and closed to this date. Although 22 lake homes sold in 2007 with an average price of $202,836, the average price this year is over $263,000! Of the 15 sold this year, 8 offered deeded lots already purchased from the City.

Here are the price ranges of the sales this year:

SOLD PRICES NUMBER OF SALES Under $100,000 1 $100,000--$200,000 3

$200,000--$300,000 7

$300,000--$400,000 3

Over $400,000 1

There are currently 14 homes on the market for sale that range in price from $140,000 to $619,000. The average price of these homes is $338,670 and they have been on the market for an average of 96 days. ERA Newlin & Company was involved 53% of the lake homes sold this year (8 of 15). The rest of the real estate companies in town sold the other 7.

As you can see, ERA is committed to working with the folks at Lake Nasworthy!! Do you have questions regarding your home or lake lot and the real estate values? Have you considered selling your lake property but didn’t know exactly where to start?

Do this: Call, email or text Mike or Ryan Newlin at any time. We are ready to go to work for you or help you with any real estate problem. We are lake property owners and Mike has been selling Nasworthy properties since 1988. Yes, he is an old-timer but still gets around. We hope to hear from you soon or anytime during the next great year in San Angelo!!

Sincerely, Mike Newlin, Broker 325-277-4275

Ryan Newlin, Realtor 325-277-2828

This Data is from Navica MLS on 12.16.2008

Ryan Newlin (ERA Newlin and Company) — Mon, 15 Dec 2008 15:52:53 -0800

Market Activity

Days Back: 1 All Areas Applied

New Listings (4)

Sold (3)

Withdrawn (1)

Expired Listings (0)

Back from Under Contract (1)

Ryan Newlin (ERA Newlin and Company) — Tue, 09 Dec 2008 16:27:17 -0800

The government is considering a proposal that would cut interest rates on new loans for homes. This could drop the rate to around 4.50%. At this point the rates are at a VERY low 5.6%. It is not determined whether this new rate will apply to refinancing. I have found a good article from MarketWatch.com. I always keep in touch with our local banks here in San Angelo, Tx and will monitor their rates.Here is a list of Local Banks. If you have any questions feel free to contact me anytime.

BANK OF SAN ANGELO

SAN ANGELO NATIONAL BANK

CROCKETT NATIONAL BANK

WELLS FARGO

THE BANK AND TRUST

1ST COMMUNITY FEDERAL CREDIT UNION

DREAM HOME FUNDING

CITIZENS STATE BANK

Ryan Newlin (ERA Newlin and Company) — Fri, 05 Dec 2008 12:59:30 -0800

This parade is Saturday the 7th at 6pm. It stars at Shannon Hospital. ERA Newlin & Company has 2 floats. Bring you kiddos down.

www.RyanNewlin.com

Ryan Newlin (ERA Newlin and Company) — Fri, 05 Dec 2008 08:08:23 -0800

I took my first BPO last night. I am thinking of ways to earn extra income anyway, so why not. If nothing else I will just give myself some practice for the Relocation Company my office works with. The home is big for the area and that has me a little worried about finding comps. Another issue is the fee, it is not a huge amount. If you need any short sale or foreclosure help, please do not hesitate to give me a ring.

www.RyanNewlin.com

Ryan Newlin (ERA Newlin and Company) — Thu, 04 Dec 2008 15:45:59 -0800

If you have not been to Southwest San Angelo lately, you have been missing out. The area is booming with new business. Sams Club, Olive Garden, Michaels, Preppers, Best Buy and Academy to name a few. Now there is a new player in town. The Grill will be opening its doors on mid December. It is located in the Sams Club parking lot. I am not sure of the quisine, but it is sure to be extraordinary. Check out some pictures from the area!! For more posts... www.RyanNewlin.com

Ryan Newlin (ERA Newlin and Company) — Thu, 04 Dec 2008 15:21:50 -0800

This is directly across the street from Bonham Elementary. Bonham is the second newwst elementary in town. I only got a couple of pictures, but I will add more!! You can see the contact # on the sign. Do not call them though, CALL ME. 325-277-2828

Ryan Newlin (ERA Newlin and Company) — Mon, 01 Dec 2008 11:05:05 -0800

San Angelo had a pretty good month for real estate in November. There was over 9.5 million in sales in San Angelo and surrounding areas. These 78 sales brought an average sales price of $122,201 and an average days on market of 119. There are currently 954 properties on the market and another 121 already under contract. If you would like to know what your home is worth right now, please give me a call and I can provide you with a free market analysis.

Ryan Newlin
ERA Newlin & Company
325-277-2828

This information in from Navica MLS

Ryan Newlin (ERA Newlin and Company) — Wed, 19 Nov 2008 07:17:17 -0800

Here is an article by Michael Lewis. He has written many books including Moneyball and Liar's Poker. In this article ( which is very long) Michael goes over what Wall Street Insiders have been doing for years to ruin our economy. The Subprime Loan scandal seems to be much more thought out than I had ever expected. I really hope that we can recover from this. It makes me sick that this is what could caouse me to not be able to provide for my family. San Angelo's real estate market did not see the amount of subprimes that there were in other parts of the country, but we will feel the efffects. Read Away and tell me what you think! THE END by MICHAEL LEWIS

Ryan Newlin (ERA Newlin and Company) — Wed, 12 Nov 2008 13:34:27 -0800

My Dad and I recently listed and staged a home in Bentwood Country Club. This home was on the market for six months with another Realtor and did not sell. The seller had some landscaping done on his own but was not sure what to do about staging. We have staged this home at our expense and time.

At our office, we are receiving more and more requests to help with staging. We have an Interior Designer to help with these matters. In certain situations this can be done at no charge to the seller. In the event that there is a charge, it is usually far less than the first price reduction that will take place. There are many statistics out there that prove staged homes sell faster and for more money. Rather than citing these stats, I prefer to look at through the Buyers eyes. Buyers want to picture themselves living in a home. This is hard when the home is completely empty or cluttered. Staging deals with both of these situations. Please contact me to stage YOUR San Angelo, TX Home!!

Ryan Newlin

325-277-2828

Ryan Newlin (ERA Newlin and Company) — Wed, 12 Nov 2008 09:23:09 -0800

If you have been picking your kids up at Lamar Elementary in San Angelo, TX you have probably seen all the home construction. Trinity Ridge Homes has been building in the area for quite a while now, but there is a new player in town. Perry Hall Homes in conjunction with Sierra Vista Construction has 3 Master Planned communities just down the Street on Twin Mountain. Each of these three areas are being built within close proximity of each other and they are offering some stunning views of Lake Nasworthy. The Homestead is going to be a truly gated community with Garden homes from 1600 to 2100 square feet. One great feature is that there is a community pools being planned as well. Homeowners will be within walking distance of Lamar Elementary. Although construction is just under way, I decided to walk the grounds and take some photos. From what I can tell, prospective buyers can choose from several floor plans or have a home custom built. Lots are already popping up with SOLD signs which can be attributed to some of the best views in town. If you are interested in learning more about the new area, please contact me and I will set up a private tour.

Ryan Newlin (ERA Newlin and Company) — Mon, 10 Nov 2008 11:01:08 -0800

Have you started saving and before you knew it, the money was gone? Or, have you put money in a savings account and earned less than $1 in a years time? If so, EMIGRANT DIRECT is for you! I have had my Emigrant account for 4-5 years now. They have great security, great rates, and speedy transfers. There is not even a minimum deposit. Right now there interest rate is 3%. They had 5.25% in the past, but the economy has driven it down. This is still the best you can find with no minimum deposit and no set length of time. They are now offering a 16 month CD at 4%. I am debating to start one up, but I am still weary with the baby coming in Feb. If you have any questions just get in touch.

www.RyanNewlin.com

Ryan Newlin (ERA Newlin and Company) — Thu, 06 Nov 2008 12:52:03 -0800

Details

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View Rooms

76901-San Angelo (The Bluffs)

FOR SALE
$167,000 Custom Features

<!--Listing Primary Photo Max width = 300 Max height = 300-->	<!--Brokerage Name-->ERA Newlin & Company
<!--Listing Agent Photo Max width = 225 Max height = 120-->
<!--Agent Name-->Ryan Newlin Email Ryan <!--Contact Info in the format [Type of contact]:[number] repeating for each--> Cell: 325-277-2828
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	Details


	<!--First 10 details in the format [DetailType]:[Detail] next detail-->Address: 1214 Coventry Type: Residential Style: Single Story Bedrooms: 3 Bathrooms: 2 Suite: No Living Area: 1,592 square feet Year Built: 2008 More Details

	Description


	<!--First 500 words of description-->This custom home is located on a quiet street in the Upper Bluffs.This split bedroom arrangement features vaulted ceilings and crown molding.The fireplace is complimented by a custom,2 tier mantle.20 tile with stained hardwood cabinetry in the kitchen & baths.The master baths has double sinks,double walk-in closets,a jacuzzi tub & a tiled shower. Stainless refigerator, stove & microwave to stay. More Description

Brokered and Advertised by ERA Newlin & Company LID 2061039

Information is deemed to be correct but not guaranteed.

Ryan Newlin (ERA Newlin and Company) — Thu, 06 Nov 2008 08:00:18 -0800

I ran across this article the other day and I thought it was interesting. Although our real estate market in San Angelo is in a whole lot better situation than other places in the country, we can still take some of the advice. Many homeowners in San Angelo have purchased their homes 0-2.25% down. The economy has slowed and some folks might have lost their jobs. It may seem that they are underwater on the biggest investment they have ever made. In reality however, time will cure. You have to continue to make that payment. Cut back on eating out. Take an extra job (gas prices have helped pizza delivery drivers - can you believe it is down to $1.93/gal.) If you have any questions about foreclosure, short sales or refinancing please contact me directly.

Have a great weekend!

Ryan Newlin

Ryan Newlin (ERA Newlin and Company) — Thu, 06 Nov 2008 06:24:27 -0800

This Market Report is for Sold homes in San Angelo, Tx during October 2008. These are Residential Sales Only. I have broken the sales down by Area. If you would like stats on Commercial or Farm & Ranch sales, please contact me directly. 325-277-2828.

This data is from MLS Area # of

Homes Sold Average Sales Price Days on Market

A - Southland, Twin Oaks 11 $167,141 98

B - Bryant Park, College Hills 14 $117,307 92

C - Bentwood, Country Club, Trinity Ridge 1 $269,000 53

D - Bluffs, Highland 7 $145,843 90

E - Santa Rita, Angelo Heights 8 $130,988 143

F - Jefferson Heights 11 $76,555 108

H - Belaire, Glenmore 4 $146,835 64

I - Fort Concho, Rio Vista 1 $54,000 61

L - Lakeview, Green Acres 9 $66,272 59

M - Paul Ann 6 $108,942 32

N - Lake Nasworthy 2 $199,000 55

Ryan Newlin (ERA Newlin and Company) — Thu, 06 Nov 2008 06:17:26 -0800

Most of you who have a loan on your home are paying Private Mortgage Insurance (PMI) with your payment. This is a fee the Mortgage Company charges to cover them if they have to foreclose. You do not have to pay this fee if you have 20% equity in your home. It generally ranges from $50 to $125 per month. Right now, if you earn under $100,000 you can deduct this expense from your taxes. For most homeowners who pay on time, this is a very frivolous cost. The money spent on PMI could be going toward the principal on the loan. There is usually a date when the Mortgage Company is set to remove the charge, which is 8-10 years down the road. What they do not factor in is the fact that properties in San Angelo have moved up in value. A typical loan that is 3 years old could already be within that 20% equity range. Do you think your lender will inform you of this? The answer is NO! It is up to YOU to keep up with this. Please give me a call if you would like to discuss the value of you home. You might be in a situation to remove this crazy fee!

Ryan Newlin (ERA Newlin and Company) — Thu, 07 Aug 2008 21:35:18 -0700

If you have not heard, George Bush signed a new bill to help stimulate the housing market. This will give first time home buyers the option to receive up to a $7500 tax credit. Although this will be a great option to look at for those buyers who do not earn more than the cap salary, it is not fool proof. This is a 0% loan that will be paid back over 15 years. I cannot go into all the details until I am fully versed by a CPA, but I will post a few links on the subject. The way I see it right now is that this will definately be a good thing for the economy as a whole. Another part of the bill helps out FHA loans that are being made. The drawback is that the money has to be paid back. Depending on your situation, this could put you in a jam down the road. My point is, DO YOUR RESEARCH.

Feel free to contact me at any time if you have any questions.

Links I found

Yahoo Link

Home Builder Link

Bill FAQ's

My Contact Info

Ryan Newlin (ERA Newlin and Company) — Mon, 04 Aug 2008 23:16:45 -0700

Ryan Newlin (ERA Newlin and Company) — Mon, 04 Aug 2008 22:48:54 -0700

The temperatures here in town have steadily been rising. At an Open House on Sunday I saw a thermometer that was definately above 105 degrees, IN THE SHADE. At he same time, gas prices have dropped a little ($2.70 at T&C on Knickerbocker) but it is just insane when adding up all these costs for my budget. I am sure most San Angelo residents are feeling this same pinch on their pocket. Here is a list of some money/energy saving ideas that are fairly common sense, but can be easily forgotten. I hope this helps!!

1. Don't use the oven. Use a microwave oven, or use a barbecue grill.

2. Use a slow cooker to prepare one dish meals without adding heat to the house.

3. Put lids on pans to hold the heat in while cooking.

4. Most hot water heaters have thermostats that may be set to 140 degrees for hot water. This usually isn't necessary--turn the thermostat down to 120 or 115. 5

. You've probably heard that taking a bath uses less water than a shower. That may be true, but if you take a short shower, say about 5 minutes, you'll only be using one third of the amount of hot water than you would with a bath.

6. Don't use the drying function in your dishwasher. Let the dishes air-dry.

7. Wash only full loads of dishes and clothes. Dry your clothes on hangars or outside.

8. Try to do any ironing at one time to prevent having to heat the iron several times.

9. Do "wet" chores in the early morning or at night when it's cooler. This will help to keep humidity down. This includes washing clothes or dishes, mopping floors, watering indoor plants, etc.

10. Turn off computers, printers, copiers, and home electronics when they are not in use. Surge protectors that allow you to plug several items into one strip with an on/off switch make this even easier.

Ryan Newlin (ERA Newlin and Company) — Wed, 30 Jul 2008 21:32:01 -0700

Today I went down to the courthouse to see the foreclosure postings for the August 5th sale. There were 25 postings, but not all of those will actually make it to the sale. I have been doing research in the foreclosure in San Angelo for almost five years. In times past, there have been up 40 per month, but not this year. Thank goodness the numbers have been down, despite housing/mortgage trouble around the country. September's sale already had 12 postings, but they are not due in until August 12th.

Some of the addresses I had recognized from MLS. Others had probably not tried to sell at all. In that situation, as traumatic as it is, homeowners really need to stay in close contact with their mortgage company. I can only imagine how difficult that is, but it really can help. Not only can they set up payment plans, they can also discuss a Short Sale. This is where the mortgage company agrees to accept less than is owed in the sale of the home. I will definately have more posts on this subject! In the mean time, if you or anyone you know needs foreclosure information; I will always be willing to help out. My Contact Info

Ryan Newlin (ERA Newlin and Company) — Tue, 29 Jul 2008 21:32:24 -0700

San Angelo now has its own recycling curb-side pick up service thanks to two hard working residents. Angelo Recycling Co. was started by Andrew Killingsworth and Spencer Johnston in March 2008. They are serving both residential and commercial customers. I have a meeting set up with Andrew on Wednesday to set up the service for our real estate office. These guys will even sort your recyclables when picking up from your home. So if you are not already hauling your own bottles and cans over to Jackson St, give these guys a call and sign up. Imagine the difference we could make here in West Texas.

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Ryan Newlin (ERA Newlin and Company) — Tue, 29 Jul 2008 21:27:13 -0700

Today I sent in my application to be a Dave Ramsey Real Estate ELP. If you did not already know, I am a huge Dave Ramsey fan. As a San Angelo resident, you already have access to one hour of the show at 6am m-f on 960 am. As an internet subscriber, you have access to the free Dave Ramsey podcast everyday. I prefer the podcast because of the convenience. You can pop it on in the car, at your desk, or while getting some work done in the yard. The show is all about your life and your money. Even if you do not agree with all that is said, there is always financial information that you can apply to your life. I will definitely talk more on the subject, but in the mean time – go check out the Dave website.