This Week in Mortgage Sports 11/14/08

Posted by Emily Ray-Porter Group on Wednesday, November 19th, 2008 at 4:53pm.

This Week in Mortgage Sports


Dallas Home Foreclosures

North Texas foreclosures peaked in February and are bucking the national trend.  In fact they appear to have flattened out (hit bottom).  Many buyers out there believe there are tremendous deals to be had.  There still may be a few of those left, but not as many as in other markets.  Our buyers should be looking for homes they love and want to live in for many years rather than trying to time the market.  The only way to know when a market has hit bottom is when it’s too late... Read More




Texas Should Be RED-HOT Next Spring?

Star AwardThis presentation has a TON of great information, but my favorite line is the last one.  Enjoy... 

Read More


 

 


Declining Local Inventory

Per Steve Brown, Dallas Morning News

"Declining Inventory"
 
 Declining Inventory
In many parts of the country, falling home prices and a bummed economy are combining to cause a surge in homes on the market.

But North Texas has the best economy in the country – based on job growth.

Maybe that's why the number of homes for sale here is actually falling.

The August report from Altos Research found that Dallas had one of the biggest declines in home inventory in the nation. The number of houses listed for sale here was down 4.8 percent. Only Seattle, with a 6 percent drop, had a better showing.

Dallas-area home sales asking prices are also inching higher. Altos Research and Real IQ found that the average home list price here was $235,923 in August. That's up 1.3 percent during a three-month period.

Nationwide asking prices dropped 2.3 percent during that time.


 


green earth     Green Watch!

Green Homes - Realtors Respond to the Demand!
Click here for more information


The LOHAS Lifestyle possibilities are endless…………………. 

 

 

Professional Service 
key to success
USE SHELTER MORTGAGE. 
NOW more than ever is it important that you have a Loan Officer who can navigate the industry changes.  A Trusted Advisor and Team Mate are essential to your Real Estate success.  Please give me a call so that we can discuss what we can do to help grow your business.


Have a great weekend!


30 YR. Fixed
w/1 origination fee

6.25%
 


30 YR. Fixed
w/no origination fee
 

6.75%
 


15 YR. Fixed
w/1 origination fee
 

6.00%
 


15 YR. Fixed
w/no origination fee
 

6.50%
 


 

Cheers!

C- 

Christian Johnson


  Christian C. Johnson
  Assistant Vice President
  214.445.6553 Dallas
  817.361.6133 Fort Worth
  Fax
800.835.1767
  christian.johnson@gbmail.com
 

Shelter Mortgage                        ©2008 Shelter Mortgageequal housing lender

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