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ArchivesNovember 2008CategoriesAllen Texas (1) Collin County (3) Frisco Texas (1) Home Builders (3) Home Builders (2) Investment Property (4) McKinney Texas (7) Melissa Texas (1) Neighborhoods (3) Neighborhoods (1) Plano Texas (6) Property Management (1) Prosper (1) Real Estate (33) Schools (1) Schools (1)BlogrollReal Estate Websites McKinney TX HomesMetaLogin Valid |
Pending Home Sales Down On Tight Credit And Economic SlowdownNovember 13th, 2008ORLANDO, FL) - Pending home sales fell on the heels of a strong gain a month earlier as credit tightened and economic conditions deteriorated, according to the National Association of Realtors®. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in September, declined 4.6 percent to 89.2 from an upwardly revised reading of 93.5 in August, but is 1.6 percent higher than September 2007 when it stood at 87.8.
U.S. mortgage plan falls shortNovember 13th, 2008Plan to modify Fannie, Freddie loans will help some, but more needs to be done, experts said.NEW YORK(CNNMoney.com) — The federal government’s plan to streamline modifications of troubled loans held by Fannie Mae and Freddie Mac won’t help the majority of people threatened with foreclosure, experts said.
7 Cities Up for a Real Estate ReboundNovember 13th, 2008Daily Real Estate News | November 12, 2008 | These Cities Are In Line for a Rebound
Have we reached bottom? In many cities, knowledgeable observers say yes. In October 2005 at the peak of the boom, the median sales price for a U.S. home reached 7.3 times per capita income. By this May it was 5.7 times, just about the historical norm. Home inventories have flattened. The decline in sales has ended – and in some places sales have expedited. “The indicators are starting to look better,” says Adam York, an economic analyst with Wachovia. Here are seven markets that SmartMoney magazine says are in line for a rebound:
Full Story on Realtor.org
7 Cities Up for a Real Estate ReboundNovember 13th, 2008Daily Real Estate News | November 12, 2008 | Have we reached bottom? In many cities, knowledgeable observers say yes. In October 2005 at the peak of the boom, the median sales price for a U.S. home reached 7.3 times per capita income. By this May it was 5.7 times, just about the historical norm. Home inventories have flattened. The decline in sales has ended – and in some places sales have expedited. “The indicators are starting to look better,” says Adam York, an economic analyst with Wachovia. Here are seven markets that SmartMoney magazine says are in line for a rebound:
Full Story on Realtor.org
Homeowners cling to false optimism about own homeNovember 13th, 2008Monday November 10, 3:44 pm ET In denial: Homeowners believe their own home’s immune to tumbling prices nationwide The housing market may have bust, but many homeowners are still living in a bubble.Despite dismal housing headlines and reports showing falling prices nationwide, owners in some once-hot areas still believe their home is gaining value or at least holding its own. And by hanging onto too-high expectations, sellers are unwittingly keeping the market from finding a bottom.
Lennar Homes in McKinneyNovember 13th, 2008
Councilman William “Bill” Vitz, McKinney District 2, has resigned from the City CouncilNovember 13th, 2008Cites health reasons for his Tuesday decision. By Shane T. Clendening, McKinney Courier-Gazette For health reasons, William “Bill” Vitz, McKinney District 2 councilman, resigned his post Tuesday, the city announced in a news release. The councilman was elected to McKinney’s City Council in 2004. He was selected to finish an open term vacated by the death of Gabe Nesbitt who held the spot until his passing. Vitz was then re-elected to Council roughly two years later. As determined by the Texas Constitution, a special election must be held within 120 days to fill the vacated seat. Cities that have 3-year terms like McKinney are not allowed to fill vacancies by appointment.
Councilman William “Bill” Vitz, McKinney District 2, has resigned from the City CouncilNovember 13th, 2008Cites health reasons for his Tuesday decision. By Shane T. Clendening, McKinney Courier-Gazette For health reasons, William “Bill” Vitz, McKinney District 2 councilman, resigned his post Tuesday, the city announced in a news release. The councilman was elected to McKinney’s City Council in 2004. He was selected to finish an open term vacated by the death of Gabe Nesbitt who held the spot until his passing. Vitz was then re-elected to Council roughly two years later. As determined by the Texas Constitution, a special election must be held within 120 days to fill the vacated seat. Cities that have 3-year terms like McKinney are not allowed to fill vacancies by appointment.
Councilman William “Bill” Vitz, McKinney District 2, has resigned from the City CouncilNovember 13th, 2008Cites health reasons for his Tuesday decision. By Shane T. Clendening, McKinney Courier-Gazette For health reasons, William “Bill” Vitz, McKinney District 2 councilman, resigned his post Tuesday, the city announced in a news release. The councilman was elected to McKinney’s City Council in 2004. He was selected to finish an open term vacated by the death of Gabe Nesbitt who held the spot until his passing. Vitz was then re-elected to Council roughly two years later. As determined by the Texas Constitution, a special election must be held within 120 days to fill the vacated seat. Cities that have 3-year terms like McKinney are not allowed to fill vacancies by appointment.
Councilman William “Bill” Vitz, McKinney District 2, has resigned from the City CouncilNovember 13th, 2008Cites health reasons for his Tuesday decision. By Shane T. Clendening, McKinney Courier-Gazette For health reasons, William “Bill” Vitz, McKinney District 2 councilman, resigned his post Tuesday, the city announced in a news release. The councilman was elected to McKinney’s City Council in 2004. He was selected to finish an open term vacated by the death of Gabe Nesbitt who held the spot until his passing. Vitz was then re-elected to Council roughly two years later. As determined by the Texas Constitution, a special election must be held within 120 days to fill the vacated seat. Cities that have 3-year terms like McKinney are not allowed to fill vacancies by appointment.
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