McKinney Homes For Sale on Verge of Sellers Market

November residential statistics from Collin County Association of Realtors indicate the culmination of a buyer’s market and what looks like a sellers market on the horizon.  There were 150 homes sold in November with a closing inventory of only 760 homes.  This means there is 5 month supply of homes for sale in McKinney.  Here is [...]

Merry Christmas to My Readers

Let’s take a break from the real estate world and take a moment to close our eyes, listen to Andrea Bocelli for a few moments and feel the magic of the Christmas season.  Beth and I wish you a very Merry Christmas and a Happy, Healthy and Prosperous 2010!
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Prosper TX Chamber Elects New Board

Come January 12, the Prosper Chamber of Commerce will have a new chairman and three new board members.  Andy Thomas owner of  ToThe Rescue, a computer repair and consultant service company will replace out going chairman, Bill Remington from Remington Realtly Group.  Andy has been a Chamber member for several years and served on the [...]

Plano Home Market Very Close to a Sellers Market

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Last November there were 1229 listed  homes for sale compared to only 1026 as of this writing.  That is a 16.5 % decrease from  2008.  The trend has been going on now for over two years.  At the end of November 2007  there were nearly 1500 homes in inventory.  So, with 220 closed [...]

Prosper Home Inventory Down in November

According to Collin County Association of Realtors November saw Prosper’s home inventory drop to 190 listings or 21% down from last November when there were 240 listings at this time compared to 293 in November of 2007.   So, in the last 24 months Prosper listings have dropped from 293 to 190 for a total of  32%.  This trend [...]

D-FW Home Prices on Top According to Forecast

Not great but the best?  Well, market analysts say the Dallas-Fort Worth area – along with most other major Texas cities – will have the best home price performance during the coming 12 months.
Local Market Monitor looked at more than 300 U. S. cities for its latest quarterly predictions.  The report singles out “Texas, where [...]

One in Ten Texans Running Late on Payments

Now that third quarter numbers are becoming available we find that nearly 10% of Texans behind in their home loan payments up a full % point over last year!  According to the Mortgage Bankers Association 2% of the state’s mortgage holders were in foreclosure at the end of September.
The state’s loan delinquency rate is about [...]

Prosper TX Foreclosures Down 60% from 2008

Through December 9, the total number of sold foreclosures in Prosper was 22 compared to 59 sold foreclosures in 2008.  In 2007 there were 17 and in 2006 there were 12 sold foreclosures.  So, it appears that 2008 was far worse than 2009.  Encouraging too is that the present number of listed foreclosures is down to [...]

Fannie Mae Tightens Mortgage Rules Again

Fannie Mae tightens lending rules again!
Fannie Mae, the giant mortgage finance company that helps shape lending guidelines, is raising minimum credit score requirements and will limit the amount of overall debt that borrowers can carry relative to their incomes. 
Starting Dec. 12, the automated system that Fannie Mae uses to approve loans will reject borrowers whose [...]

Prosper’s Whitley Place…Top Shelf Place to Live

   Sound pretty cool…sophisticated?  It is a very cool, top shelf neighborhood.  To describe Prosper’s most beautiful subdivision is hard to do without it sounding like a sales pitch because there are so many superlatives.  Whitley Place is easy to find and hard to leave once you have been there.
Situated at the corner of Custer [...]