Lots of data for the information junkie! Scroll down to Dallas. I like it when the graph is moving up!
Oh my! Make sure you have plenty of spare time before you download this app. But it will be time well spent if you daydream about houses and decor. Enjoy.
Interest rates are said to be going up in the next couple of months. The Mortgage Insurance Rate is going up on FHA loans 1/4% monthly as of April 18th. So quit sitting on the fence.
From front to back, this house will not disappoint! The inviting porch has plenty of room to kick back and enjoy friends and family. You enter to a grand family room, with a statement-making fireplace, vaulted ceilings, hardwood floors and plantation shutters. A tasteful bar overlooks the stunningly updated kitchen. Light filled and gourmet inspired, you will love it! From the kitchen, step onto one of two expansive decks and enjoy your beautiful back yard. Updated baths and hardwoods throughout complete the interior. Note that the carport has a fully functional garage door and opener and is enclosed by fences on either side. The windows have been replaced, the work is complete. Enjoy one of the best locations in Dallas, convenient to White Rock Lake, I75, NorthPark and Central Market.
For Realtors, the Dallas Multiple Listing System is divided into areas. This is supposed to make it easier for us to do searches and serves as a way to organize the information. While buyers will usually conduct searches by zip code or Mapsco grid, Realtors will more often focus on the MLS area, and narrow from there. For the next few posts we’ll take a look at some of the areas I hang out in most often.
Let’s start with Area 11. You can refer to the map above to get the geographic boundaries. I live in area 11, but that is not why it’s first. It’s just such a simple area to define. The boundaries are straight and clear. A good starting point!
There are currently 393 active residential, single family listings in area 11.
The prices range from $130,000 to $12,500,000. How’s that for diversity?
Here’s the breakdown…..
$100,000 – $300,000 19 homes for sale
$300,000 – $450,000 83 homes for sale
$450,000 – $650,000 93 homes for sale
$650,000 – $1,000,000 63 homes for sale
$1,000,000 – $2,000,000 86 homes for sale
$2,000,000 – $4,000,00 24 homes for sale
$4,000,000 + 25 homes for sale
In the past two months there have been 99 sales in the same area. That is really pretty astonishing. In a good way!
Here’s what it looks like……
$100,000 – $300,000 13 homes sold
$300,000 – $450,000 25 homes sold
$450,000 – $650,000 21 homes sold
$650,000 – $1,000,000 14 homes sold
$1,000,000 – $2,000,000 20 homes sold
$2,000,000 – $4,000,000 3 homes sold
$4,000,000 + 3 homes sold
Let me know if you would like further information!
I think in some circles, FHA loans have a tainted reputation and one that is not deserved in today’s market. A FHA loan allows a buyer to purchase with as little as a 3.5% down payment. Additionally, this money can be a gift, something not allowed in Conventional loans. It is also the only loan in today’s market that will allow for a non-occupying co-borrower. You can have slightly lower credit scores than those required by Conventional loans, with the minimum being 640. FHA loans are also assumable. With FHA, the seller may pay part of the traditional closing costs associated with purchasing a home. This allows buyers with limited funds to qualify and expands the pool of potential buyers in the market. What will be surprising to some, is that FHA loans are not just for first time buyers. In fact, they may be used for refinancing your current home. There is one drawback. FHA limits the loan size to $271,050. Some people think FHA makes the process difficult. Not so! I just had a young couple purchase a home with a FHA loan. The lender called and asked if we wanted to move the 30 day close up a week. The papers were in and approved. We did just that and everyone was extremely happy. Please talk to your lender about FHA financing if you think it might be a fit for your situation!
Slant 45 Service Project Takes on New Meaning.
Maybe it’s the Thanksgiving season, or maybe the fact that my dad passed away last month. He lived in a nursing home for the last two years of his life with debilitating dementia. Whatever the reason, I felt compelled to share this story. These girls are responding to a need and lifting the spirits of senior citizens. I am thankful that they are helping, thankful for their kind hearts, and glad this story came my way.
News about Texas Real Estate
