McKinney Real Estate Update For 1st Half of 2009

All of a sudden we are on the back side of 2009!  Since we are in the peak season for buying and selling homes, I thought some of you would be interested in how McKinney real estate is doing.  Besides, there is some interesting statistics which may surprise you.
Firstly, the median sales price for McKinney [...]

Tight Mortgage Rules Can Exclude Even Strong Buyers

According to Todd Baker at Willowbend Mortgage, many borrowers are ready to do their part to revive the economy but are finding out that despite a good credit score, full income verification and an ample down payment they cannot get a loan.
The denials are occurring for a wide array of reasons: the buyers’ [...]

Prosper Home Activity Through July 18

Since we are in the peak season for buying and selling homes, I thought some of you would like a mid month update.
Besides, there is some very interesting stats which  may surprise you or at minimum interest you.  The following statistics are for July 1 through July 18:

2 homes sold
171 homes for sale(listings)
39 pendings(under contract)

The [...]

Only Two Cures for The U.S. Economy

If you  haven’t  read the June 7th Scott Burns article in the Dallas Morning News, here is a summary of his column plus other input from economists.  “Excess debt controls nearly all economic variables” according to Irving Fisher,  perhaps the greatest American economist. From a personal standpoint, we all know this from our own experience [...]