Ashton's Weekly Update - Look Who Is Still Buying....

Good Monday morning to you!

Market Snapshot

There are currently 62 residential properties IN-CONTRACT at this time in the Wichita Falls MLS. Only 4 (6%) are listed over $300,000. While many people thought the First Time Home Buyer Tax Credit expiration would pull young buyers out of the market, the low interest rates have kept them hanging around...and rightfully so. If one is currently spending $800/month in rent, they can easily afford a mortgage at or near $100,000. Maybe that's why 84% of the current IN-CONTRACTS are under $200,000.

The market as a whole this year has roughly been flat. And judging by what the media reports on other markets and the nation as a whole, we are very fortunate. As the tortoise taught us, "slow and steady (growth) wins every time." For more information on what is available @ this time, see www.TheFallsHomeFinder.com.

Looking To Invest?

Have you ever thought about investing in Real Estate? Many people believe this is a very difficult and risky way to invest one's money. In reality, it may be one of the safest avenues available. As a Certified Investor Agent Specialist, I would be glad to meet with you and discuss your options and opportunities that are available. With interest rates at historical lows, now is the perfect time to enter the market. See www.ImAHappyBuyer.com.

Come View The Prairie

You may have heard about a new project in Archer County called The Prairie that I have been honored to be associated with. The Prairie is a residential green development located  just 10 minutes from Wichita Falls, Texas off of FM 1954 on Decker Road. It consists of 200+ acres with 28 available home sites made up of five to seven acres each.

December 6-7 and 13-14, we will be holding an open house to come and view The Prairie as well as the first finished home in the development. See http://www.connollyhousetexas.com/ for details, directions, and information.

Quote of the Week

"It's a funny thing about life; if you refuse to accept anything but the best, you very often get it." W. Somerset Maugham