What a doll house! Great Floor plan,3 brs, 2 baths, 2 car garage. Large family room offers spacious wall for big screen or entertainment center. Vaulted ceilings, brick fireplace, decorative paint. Brand new tile in kitchen, breakfast, dining, & family room. Stainless Steel appliances. New roof 2008! Master bath has separate shower, garden tub, & dual sinks. . Close to schools, I-35, & shopping! HURRY!
There is a new subdivision in Flower Mound that Planning and Zoning just approved. It's called Vilamoura and will be located at 2500 Simmons Road. The nine acre gated development is expected to include 32 lots, 28 of which will be residential. Check back soon for more updates!
WASHINGTON - The U.S. housing market is rebounding faster than expected.
The question is, can it last?
Home resales in July posted the largest monthly increase in at least 10 years as first-time buyers rushed to take advantage of a tax credit that expires Nov. 30. Sales jumped 7.2 percent and beat expectations, the National Association of Realtors said Friday.
"We've got tens of thousands of homes perfect for the first-time homebuyer and we've taken advantage of that," said George Hackett, president of Coldwell Banker Real Estate in Pittsburgh.
Sales hit a seasonally adjusted annual rate of 5.24 million in July, from a pace of 4.89 million in June. It was the fourth-straight monthly increase and the strongest month since August 2007. Sales had been expected to rise to an annual pace of 5 million, according to economists surveyed by Thomson Reuters.
The risks to that healthy pace, however, are job cuts, mortgage rates and the looming end to the homebuyer tax credit. And the last one could be a doozy because first-time buyers are snapping up one out of every three homes.
First-time buyers get a credit of 10 percent of the purchase price of a home, up to $8,000. The credit phases out for singles earning more than $75,000 and couples earning more than $150,000. The real estate industry is lobbying to have the credit extended but its unclear if Congress will be swayed.
"I would not be at all surprised to see a dip at the end of the year once the tax credit expires," said Robert Dye, senior economist with PNC Financial Services Group.
The home sales report was another sign that the U.S. economy is on the verge of a long-awaited recovery after enduring a brutal recession and the worst financial crisis since the Great Depression.
Economic activity in both the U.S. and around the world appears to be leveling out and "the prospects for a return to growth in the near term appear good," Federal Reserve Chairman Ben Bernanke said Friday.
But fallout from the recession will linger for some time. Unemployment rose in July in 26 states and fell in 17, the Labor Department said Friday. That is driving up foreclosures, which are not expected to level off until sometime next year.
Sales of foreclosures and other distressed properties made up about a third of all transactions last month, down from nearly half earlier this year. In places like San Diego and Orlando, buyers are snapping up foreclosed properties at deep discounts, and inventories are low.
Those sales helped drag down the national median sales price by 15 percent to $178,400.
The new school ratings just came out, please visit this web site and search for your child's school.
http://ritter.tea.state.tx.us/perfreport/account/2009/index.html
A mirror hung on a wall opposite of a picture window will reflect light and add depth to a room.
- Tanya Griffin
Every room must have pops of color. Play off of the color in a favorite piece of artwork to accessorize.
- Karen Reynolds
Decorating is like putting on makeup - you start with a base and add the finishing touches.
- JL Hill
When purchasing furnishings for your space only buy things you truly love. Don’t just buy something because it "works".
- Anthea Click
Bring the outside in with fresh flowers from the market or your own back yard! It's time to spruce up your glass pitcher, your old tea pot, or that dusty vase you have tucked away in your cabinet.
- Kim Neidel
Don't be afraid to use color in cozy spaces, either on an accent wall or in the entire room.
- Lisa Stanley
If you, or someone you know, is planning on purchasing a home this year, be aware that you must take possession before 12/01/2009 to be eligible for a tax credit of up to $8,000. In a survey conducted in March by Move.com, nearly 50% of home buyers are currently unaware that this free money exists in the marketplace. And since over 50% of all buyers are first-timers in today's market, this could impact a lot of people who aren't in the know.
Please spread the word if you know of someone that might want to take advantage of this great opportunity!
Did you know that the Dallas Metroplex dominates the Forbes Best Cities List?
Google: Forbes: America’s 25 Best Places to Move
Then scroll down to
In Depth: America’s 25 Best Places to Move
Then read in depth on each of the 25 Cities.)
The Metroplex dominates the Forbes Best Cities:
#6 – Flower Mound
#7 – Frisco
#9 - McKinney
#12 - Carrollton
#19 – Allen
#25 – Plano
Other notable mention:
Coppell and Corinth
The Forbes List is one of the most respected annual reports in the nation.
Last Monday we heard the good news that New Home Sales blasted UP 11% in June, their largest one-month gain in almost nine years! The annual rate of 384,000 came in higher than any of the 63 economists making a forecast predicted. After bottoming in January, new home sales are UP 17%, while existing home sales are UP 9%. New home inventory figures were even better, down to 8.8 months from their 12.4 month high in January. Experts now say some growth in home construction should begin later this year. And remember, new home sales are still well below their long-term trend of around 950,000 per year, so they should continue to move up for the next few years.
If you know of anyone looking for a new home, please let us know! We would love the opportunity to help!
Soaring ceilings, rounded corners, arches, & loaded with custom features! Split formal LV & dining. Huge kitchen has 42" cabinets, butlers pantry, HUGE walkin pantry, & island opens to family room. Family room has corner stone FP, wood floor, & builtin entertainment center. Master & guest BRS downstairs. Upstairs is a gameroom, media, & 2 BRS. Huge rooms, walkin closets, attic storage!
