Getting Real about Real Estate

The last three years will go down  in history as the years when the residential real estate bubble popped and Americans got real about their home buying habits.  Look what is happening right before our eyes.  Some economists are forecasting more foreclosures in 2010 than 2009 as subprime loans reset dates come up.  But Prosper foreclosures appear to have already peaked.  Most [...]

Plano Home Prices Down 5% for 2009

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Plano residential prices dropped 5.1% for 2009…from an average of $266,000 to $253,000.  This drop of 5.1% compares to Frisco’s 7.6% decline; Prosper down 2.6 and McKinney down only 1.2%.  Plano median sales price is now $210,000 down from 3.1% from last year’s $217,000.  For all of 2009, there were 3109 homes sold [...]

Frisco Home Sales for 2009 End on High Note

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First, lets look at December results and then results for all of 2009.
December was much better than all of 2009 signaling what may be a better trend for the Frisco residential market.  As we all know, 2008 and 2009 have been buyers markets meaning that the absorbtion rate has been higher than 6 [...]

McKinney Homes… Becomes Sellers Market in 2009

Each month Collin County Association of Realtors  produces home sales, days on market, home inventory, average home prices and median home prices and as well as currrent year to date statistics.
McKinney residential activity for 2009 was pretty good.  The key to rating any market is ABSORPTION RATE.  This rate is determined by dividing the current inventory of [...]

Prosper Home Sales for December Encouraging

December was a great month for Prosper TX home sales.  27 homes were sold compared to 2009’s monthly rate of only 11.  No doubt the $8000 federal income tax credit original deadline motivated buyers to slip in under the wire. We think that the Prosper in Prosper awareness campaign by the builders and developers may have impacted [...]

Too Many Real Estate Agents in Texas

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Well…every Realtor in Texas certainly agrees with this statement at any time.  Particularly now.  While sales have dropped a whopping 25%, the number of active residential sales agents is down only 10% from its peak in 2007.  According to the Texas Realtor Association there are  still 75,000 active agents in the [...]