North Texas Home Sales Drop Again

North Texas Real Estae Information Service(NTREIS) has compiled February home sales results indicating a 5% drop over February of 2009.  It is the third month in a row that sales were down over last year.  Frankly, I was surprised because most real estate  pros thought the extension of the first time home owners tax credit [...]

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 [...]

Prosper Home For Sale…Short Sale That Is

Every buyer wants a deal…especially in this economy.  We are currently working with a couple from Farmers Branch who want to trade up into a nice 4 bedroom home with a 3 car garage.  To date, we have shown them at least 50 homes.  The journey began in McKinney, then Frisco, then Lantana and finally [...]

DFW Foreclosure Headlines Confuse Readers

Confused About Foreclosure Information in the DFW Area?

Front page headlines in Friday’s Dallas Morning News, “Foreclosures fall, but recovery unclear.”  But headlines in the business section on page 6 “D-FW foreclosure postings climb 35%.”  So, which way is it?

Both articles in the same paper on the same day refer to the DFW metroplex.  While [...]

Collin County Foreclosures Down

Collin County Foreclosures Down Over Same Time Last Year
For the first time in several years, the number of new residential foreclosures is down in Collin County and surrounding areas. The first quarter of 2009 showed an 11.9 decrease in the number of new foreclosures over the same time last year, reports CCAR. In addition, [...]