The Haves vs. The Have Nots – Speculating on Stocks vs. Investing in Real Estate

When you’re buying paper assets and you’re hoping they go up in value… you’re gambling. And I’ll tell you, the odds are not very good right now… because it’s very obvious from the unemployment, the layoffs, the business failures, that GDP is going down. The stock market is a derivative of GDP. It is the … read more

The End of the Era of Over-Financing

Del describes how the real estate market has changed in the new era where over-financing is a thing of the past.

Study Finds Texas at Low Risk of Real Estate Price Correction over Two Years

A study by PMI Mortgage Insurance Co. put Texas cities in it’s lowest risk categories when determining the probablility of real estate price deflation over the next two years. Dallas, Fort Worth, Houston, and San Antonio received the 3rd, 4th, 5th, and 7th lowest scores on the PMI Risk Index of the largest US cites; … read more

North Texas Real Estate Much Healthier than Other Parts of The Country

From the Article: “February saw an improvement in the real estate market of Collin County and surrounding areas, reports the Collin County Association of Realtors. Closed sales increased by more than 34 percent over January, and the median sales price was 7 percent higher in February ($167,250), than in January ($156,200)…” (Published in the Star … read more

Mortgage Rates Hit All Time Low

From the Article: “The 30-year fixed-rate mortgage rate has dropped to its lowest level on record. The average rate is the lowest in McLean-based Freddie Mac’s weekly survey dating to 1971. Freddie Mac (NYSE: FRE) says its Primary Mortgage Market Survey shows the 30-year fixed-rate mortgage (FRM) averaged 4.85 percent…” (Published at the Washington Business … read more

The Top Three Performing Real Estate Markets in January Were in Texas

From the Article: “The Dallas area had the third best home price performance in CoreLogic’s new report, behind Austin and Houston. It is one of only four U.S. housing markets showing a price increase.” Published in the Dallas Morning News. Read it here.

Existing Home Sales Rise in February

from the article: “Because entry level buyers are shopping for bargains, distressed sales accounted for 40 to 45 percent of transactions in February,” he says. “Our analysis shows that distressed homes typically are selling for 20 percent less than the normal market price, and this naturally is drawing down the overall median price.” (Article Published … read more

Mortgage Rates Could Fall Even Further

From the Article: “And you thought 5 percent was a good rate? After already bringing mortgage rates down near 50-year lows, Fed Chief Ben Bernanke unleashed a surprise attack on the housing slump Wednesday by announcing aggressive steps that should make home loans even more attractive. ” (Article published at Yahoo! Real Estate. Read it … read more

Dallas Sees More Foreclosures

The number of homes facing foreclosure in Dallas for April is up almost 30 percent from a year ago to one of the highest volumes on record, Addison-based Foreclosure Listing Service said Thursday… (Article published in the Dallas Morning News. Read it here.)

Central Texas Sales Volume Down, But Prices Up

(From the Article) The median price of a single-family home in Central Texas was $189,900, up 5% from February 2008. There were 1,116 single-family homes sold in February 2009, a 28% decrease as compared to one year ago. Collectively, sales in February 2009 contributed $271,048,500 to the local economy.” (Published at Read it Here)