Blog

HUD Foreclosure Homes
By Michael
March 17, 2017

HUD Foreclosure properties can be a good investment for someone looking for a home. But it's important to work with someone who can help you determine the condition and value of the property. This is three bedroom home in a nice area of Watauga has a list price of just $116,000, Call me and I tell you how to bid on a HUD Foreclosed Home.

Tarrant County Home Sales in February
By Michael
March 16, 2017

The report from the North Texas Real Estate Information Service (the local MultiList) shows new listings barely breaking even with sales in February.   Look for continued short supply of houses in our area.  Lick here to view the report.

Tarrant-County_February_Report.pdf

Median Home Prices and Interest Rates Up!
By Michael
March 16, 2017

With the average Tarrant County home value above $173,000 and the Federal Reserve on course to raise interest rates even more in the coming year, it's time to contact me if you're thinking of buying a home in Fort Worth, North Richland Hills, Roanoke, Saginaw or Watauga before the combination of higher rates and higher home prices has more impact on your ability to afford the home you want.   Click this link and check out the values in your county anywhere in the USA.

https://www.nar.realtor/topics/county-median-home-prices-and-monthly-mortgage-payment?om_rid=AAMhTp&om_mid=_BYyu7IB9Zi54mh&om_ntype=NARWeekly

Mortgage Interest Rates Went Up Again… Should I Wait to Buy? Tuesday March 14th, 2017
By Michael
March 14, 2017

 Tuesday March 14th, 2017  

Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeksFreddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the next four quarters.

This has caused some purchasers to lament the fact they may no longer be able to get a rate below 4%. However, we must realize that current rates are still at historic lows.

Here is a chart showing the average mortgage interest rate over the last several decades.

Mortgage Interest Rates Went Up Again… Should I Wait to Buy? | Simplifying The Market

Bottom Line

Though you may have missed getting the lowest mortgage rate ever offered, you can still get a better interest rate than your older brother or sister did ten years ago, a lower rate than your parents did twenty years ago, and a better rate than your grandparents did forty years ago.

Keller And Fort Worth Rocket into Spring
By Michael
March 9, 2017

Housing Market Expected to “Spring Forward” | Simplifying The Market

Housing Market Expected to “Spring Forward”

Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market.

Many potential sellers believe that waiting until Spring is in their best interest, and traditionally they would have been right.

Buyer demand has seasonality to it, which usually falls off in the winter months, especially in areas of the country impacted by arctic temperatures and conditions.

That hasn’t happened this year.

Demand for housing has remained strong as mortgage rates have remained near historic lows.

The National Association of Realtors (NAR) recently reported that the top 10 dates sellers listed their homes in 2016 all fell in April, May or June.

Those who act quickly and list now could benefit greatly from additional exposure to buyers prior to a flood of more competition coming to market in the next few months.

Bottom Line

If you are planning on selling your home in 2017, let’s get together to evaluate the opportunities in our market.