Breaking news this week in the national media!! They tell us that Home Sales are UP!! Finally what we are all waiting to hear! So does that mean us?? Well, in Co ppell, Texas there were 21 homes sold in January 2008 and sales were up 33% in February 2008 with a total of 33 homes sold — so yes, that does mean us! Sales are beginning to climb which is typical for the spring real estate market. So are you now asking about this year versus last year? Well for the same two months in 2007, there were 36 homes sold in both January and February of that year. So, in reality we are not that far off of the 2007 market — our outlook is not so bad. And it gets even better — the Texas Workforce Commission is reporting that 13,500 jobs were added in Texas dropping our unemployment rate to 4.1 percent. Sounds like things could be blooming for Spring!!

http://www.christigreenehomes.com

According to Bloomberg, Range Resources Corporation will be purchasing natural-gas and oil properties in the Barnett Shale for $305 million.  This will increase Range’s Barnett Shale production to more than 90 million cubic feet of gas a day (or the the equivalent thereof).

The properties include 51 producing wells and 183 potential drilling locations.  They are currently producing the equivalent of 14 million cubic feet of gas a day, and will likely to increase the output to 18 million cubic feet in the first quarter of next year.

According to a 2005 report prepared for the U.S. Energy Department, this region may contain 39 trillion cubic feet of recoverable gas.  This is about 50 percent more than the department’s 2004 estimate.

Range is buying the properties from DTE Energy Co. and another unidentified company. The sale is expected to close next month and will earn DTE a 77 percent profit.    

Last year, Range bought Stroud Energy Inc. for about $347 million.  Stroud is also Barnett Shale producer.

Information from the Real Estate Center at Texas A&M University

This information indicates that there is even more natural gas available in the area.  Take care to make sure that you are educated about mineral rights in your area and whether you actually have them.  If you do, do you want to sell them when you sell your home?

Here are the demographic statistics for Coppell, Texas. 
Social Indicators
Educational Achievement: Marital Status:
(among people 25 years or older) (among people 15 years or older)
Less than 9th grade: 1% Never married: 18.5%
9th-12th grade (nongrad): 2.4% Married: 71.1%
High school graduate: 9.6% Separated: 0.8%
Some college: 19.5% Widowed: 1.7%
Associate degree: 5% Divorced: 7.8%
Bachelors degree: 43.4% Stability/Newcomer Appeal:
Graduate/Professional: 19.2% Same home 5+ years:  39.5%
High school or higher: 96.6% Social and economic indicators
based on 2000 Census sample data.
Bachelors or higher: 62.5%
Green = Above U.S. Avg Red = Below U.S. Avg
 Red bkg. = Above U.S. Avg   Green bkg. = Below U.S. Avg 
Economic Indicators
Household Income   Occupation
<$10,000  1.5% (among employed persons over 16)
$10,000-$14,999  1% Mgt./Professional  59%
$15,000-$24,999  2.9% Service  5.8%
$25,000-$34,999  4.9% Sales/Office  27.9%
$35,000-$49,999  9.5% Farm/Fishing/Forestry  0%
$50,000-$74,999  17.3% Construction/Extraction/Maint.  2.8%
$75,000-$99,999  14.7% Production/Transportation  4.4%
$100,000-$149,999  24.1% Unemployment/Poverty
$150,000-$199,999  11% Unemployed  1.5%
$200,000+  13.1% Below Poverty Line  1.9%
Median Household Income: $96,840
Education
 <9th grade 
 9th-12th grade 
 H.S. graduate 
 Some college 
 Associates degree 
 Bachelors degree 
 Professional/Graduate degree 
 75019 
 TX 
 US 
Marital Status
 Never married 
 Married 
 Separated 
 Widowed 
 Divorced 
 75019 
 TX 
 US 
Income
 <$10K 
 $10K-$14.9K 
 $15K-$24.9K 
 $25K-$34.9K 
 $35K-$49.9K 
 $50K-$74.9K 
 $75K-$99.9K 
 $100K-$149.9K 
 $150K-$199.9K 
 $200K+ 
 75019 
 TX 
 US 
Occupation
 Mgt./Professional 
 Service 
 Sales/Office 
 Farm/Fishing/Forestry 
 Construction/Extraction/Maint. 
 Production/Transportation 
 75019 
 TX 
 US 

 
  
 

COPPELL TEXAS 75019 compared with neighboring ZIP codes.
General Education Other Social Economic Indicators
Population Density
75007  4173.68
75067  3811.64
75006  2671.02
75028  2441.55
75038  2102.42
75019  1938.76
75063  1681.28
75010  1549.82
75057  777.89
75039  509.32
High School +
75039  98.4%
75028  97.6%
75063  97.3%
75019  96.6%
75010  94%
75007  91.6%
75038  90.8%
75067  87.7%
75006  78.5%
75057  76%
Bachelors +
75039  72.9%
75019  62.5%
75063  62.4%
75028  51%
75010  49.6%
75038  43.5%
75007  40.9%
75067  34.1%
75006  29.5%
75057  18%
Married
75028  74.6%
75019  71.1%
75007  65.5%
75010  64%
75006  56.8%
75057  55%
75067  54.9%
75063  50.3%
75038  44.7%
75039  31.9%
Here 5+ yrs
75007  49.9%
75006  42.3%
75019  39.5%
75028  37.5%
75057  32.1%
75067  31.3%
75010  29.4%
75063  19.9%
75038  18.6%
75039  8.2%
Unemployed
75057  3.8%
75067  2.7%
75006  2.6%
75038  2.4%
75063  2.3%
75028  2.3%
75007  2.2%
75010  2.1%
75019  1.5%
75039  1.3%
Poverty
75057  13.3%
75038  10.6%
75006  7.9%
75039  5.2%
75067  5.2%
75063  4.4%
75007  3.9%
75010  3.6%
75028  2.1%
75019  1.9%
Median Income
75019  $96,840
75028  $91,855
75010  $75,462
75007  $70,081
75063  $62,199
75039  $56,451
75006  $52,798
75067  $52,123
75057  $44,820
75038  $41,506

Want to compare other or know about the statistics of another city or town anywhere in the United States???  Click on this link to find out!!  http://zipskinny.com/

Foreclosures

 

According to the Mortgage Bankers Association:

  • 1 out of every 200 homes will end up in foreclosure.  For a large city like Washington, this translates into 3,000 families losing their homes due to foreclosure
  • 250,000 families enter into foreclosure every 3 months.
  • In every classroom, one child will become at risk of losing their home based on their parent’s inability to pay the mortgage.
  • 6 out of every 10 homeowners that fall delinquent on their mortgage payments are not aware lenders have programs available to assist.
  • Due to the embarrassment, lack of knowledge, or the likelihood they will lose their home more quickly; homeowners do not contact their lenders when they fall delinquent.
  • Foreclosures have increased by 38% this quarter and 72% compared to last year.

According to the Homeownership Preservation Foundation of 60,000 homeowners:

·         43% of American households spend more than they earn annually.

·         52% of employees live paycheck to paycheckmoney

·         Almost 42% of all American households do not have sufficient assets to support themselves for a minimum of 3 months.

·         46% of American households have less than $5,000 in liquid assets which is inclusive of IRAs.

·         Low and moderate income households which enter a repayment plan are 68% less likely to lose their home to foreclosure.

Why do homeowners foreclose?

  • 32% lose their jobs
  • 25% experience a health crisis
  • 85% have missed one mortgage payment already
  • 50% have missed two or more payments
  • Most individuals have no savings, no available credit, and extended families have limited resources to help.
  • Most loans are less than 3 years old and are first-time loans.
  • Some have refinanced multiple times; two or three.

The cost of foreclosures is astonishing: Home

  • Losses on foreclosures range from 20 up to 50 cents on the dollar.  A typical lender will lose as much as $50,000 or more on one foreclosure.
  • One foreclosure can impose as much as $34,000 in direct costs to local government entities.
  • One foreclosure can reduce property value and home equity for nearby homes by as much as $220,000.

Credit Card Debt

 

According to a survey conducted by the National Association for Business economics:

  • The average interest rate on a credit card climbed to 19% in March 2007 vs. 16.5% in 2003.
  • College Students have increased their use of credit cards:
    • 43% of freshman have a credit card
    • 74% 4th and 5th year students have a credit card
    • 41% of these student carry a balance with a median amount of $1,000
    • 25% of these students utilize the card for tuition

credit card

  • In 1968 the total credit card debt for consumers was $8 billion; today this exceeds $880 billion.
  • Within the past 5 years consumers who utilize their card to accumulate points has increased by 23%.
  • 4 out of 10 “young” consumers; between the ages of 18 and 21, who surf the web, have a credit card.  65% of these consumers utilized the web to apply for the credit card.
  • The average number of cards per consumer is 4; 1 in 10 consumers have more than 10.
  • Medical expenses have contributed to 29% of low and middle income household’s credit card debt.
  • Fast food credit/debit card expenses have skyrocketed to $51 billion in 2006 vs. $33.2 billion less than one-year ago.
  • Approximately half of credit card holders pay only their minimum payments.
  • The Federal Reserve has reported that 40% of American families will spend more than they earn.
  • 23.8% of American households do not have a credit card and 31.2% pay their recent credit card balance in full.
  • 1 out of 50 households have more than $20,000 in credit card debt; however, this represents more than 2 million American homes.

Personal Debt Statistics 2006-2007

 

Market share by major credit type:

  • Visa-54 percent
  • MasterCard- 29 percent
  • AMEX- 13 percent
  • Discover Card- 4 percent

American Consumers

 

  • There was an astonishing 984 million bank-issued Visa and MasterCard debit/credit accounts in 2006 for the U.S.
  • Total consumer debt; excluding mortgage topped $2.46 trillion in June 2007 vs. $2.398 at the end of 2006.
  • Revolving debt reached $904 billion in June 2007 vs. $879 billion at the end of 2006.
  • 8.3% of American households owe $9,000 or more on credit cards.
  • 51% of consumers have a credit card.
  • 14% of Americans will use 50% or more of their available credit and on average has 6.6 credit cards.
  • The average credit score of those utilizing 50% of their available credit have an average credit score of 645 vs. the national average of 674.
  • Of every $100 spent, $40 is some other type then cash or a check.
  • U.S. Visa cardholders generate more than $1 trillion in annual volume.
  • The average age of consumers debt obligations is 14 years; making it evident that they have been managing credit for quite some time.  1 out of every 4 consumers has credit histories more than 20 years.  1 in 20 consumers have credit histories less than two years.
  • The average consumer will have access to $19,000 cumulatively on credit cards; but less than 30% are utilizing the total credit limit.
  • 1 in 7 are utilizing 80% or more of their total limit.
  • 40% carry a balance less than $1,000
  • 15% exceed $10,000 in credit card balances
  • 48% carry a balance less than $5,000

In looking at statistics for credit and forclosures, we should all take heed to both help ourselves and out buyers and sellers.  We must all be aware of how to help out buyer buy smart and out help our sellers know that their buyers are truly qualified.  We as Real Estate professionals owe it to our industry to help reduce the forclosure statistics by being informed and helping out clients to be more informed as well!  Let us all begin to help!

Nov

14

I went to a meeting of the local Women’s Club (Coppell Women’s Club) for the November monthly meeting.  The program this month was to be by local Stager’s — I thought, hmmmm, how interesting!  (Truly!)  It was even better than I expected!  These two women, Kathy and Heather, are local professional stagers and have been for many years!  My original thinking was that I am not Martha Stewart, so I’ll really need to pay attention! 

They started with decorating the Thanksgiving Table.  The ideas and pieces were simple, yet completely elegant upon completion!  Thanksgiving Table The enclosed photo is an example of a Thanksgiving Table, but not the one they put together.  Some of the useful tips they gave include:

  • layering the cloths (the bottom one can even be a sheet!)
  • gold netting works wonders
  • dollar stores can be a great find!!  they even have runners that can be tied around the back of a chair and dressed up with a floral pick
  • large bowls or vases can be filled with ornaments of all kinds and then floral picks can be inserted for beautifuol centerpieces
  • dishes can be simple and you glasses can be the dressy item
  • napkins can be gathered and tied with a ribbon — just insert a pick (or more) into the ribbon for added flare

The BEST part:  set your table now!!  Enjoy the beautiful table you plan for your holiday meal(s) weeks prior to the actual event.  We actually live in our homes and should enjoy the decor for more than the morning of hurried table setting!  We stage our homes in other ways year round and ask sellers to stage tables as well — Shouldn’t we all take time to enjoy our own Holiday Table settings for more than just a few hours!  I plan to!!

Kathy and Heather are so wonderful at their trade that with all the tidbits I learned, I think I actually may be able to “fake” being Martha Stewart for at least a few hours!!  Maybe……  enjoy your holiday staging!!

The Coppell Chamber of Commerce will be Celebrating our local veterans this week at the monthly luncheon on Wednesday at Hackberry Creek Country Club.  Please plan to help say thanks to our veterans.

Having quite a few veterans in my family, this is near and dear to me.  From uncles, cousins, my husband, and my step-son, we cover almost all branches of our armed forces.  As we all know, there are many currently fighting for out freedom!  Please take a moment to tell them all “thank you” this year!!

How will you be remembering our veterans this year?  or perhaps every day?

As I watched my daughter’s last soccer game this morning through the Fall league with the Coppell YMCA, I recall her dismay at this being the last game of the season.  I try to cheer her up by pointing out all of the exciting upcoming events throughout the holiday season — and her soon to come birthday and party!!!

As I think about the day (I also volunteered this morning with the City of Coppell as they offered electronics recycling), it occurs to me that as our schedules are so busy these days with work, volunteering, children’s activities, and of course the upcoming holidays, I must also teach her that days of rest (not just Sundays!!) and family are also very important!

As of late, I have really tried to spend as much”quality time” as I possibly can with my daughter (she is almost 4), so that we can keep this important time as she gets older.  Some of the things we have enjoyed together as of late, we have enjoyed time in the kitchen together making muffins, cookies, dinners, and just a simple bowl of cereal.  I am also trying to be more “crafty” with art projects, which she loves!  We also enjoy eating out together which removes all those distractions at home!  We even took her to see Seusical the Musical at Coppell High School last weekend — she loved it!! 

What are some of the ways you spend “quality time” your family?  I’d love to have more ideas!!

The long term outlook for Texas is substantially POSITIVE over the next 25 years!!  Why is that?  Well, mostly because Texas is one of the states in the country that is projected to have continuous job growth over the next 25 years and is one of the more desirable states to live in.  Yes, I said one of the more desirable.  Let me expound on that a little–it is one of the more desirable states to live in that are projected to have continued job growth over the next 25 years.  Which of course is great news for those of us in the Real Estate industry!! 

Let me start with a demographic overview of Texas(according to the Real Estate Center at Texas A&M University): 
- It is the fastest growing state in the absolute number of people
- Texas is a “younger” state than the U.S. as a whole
- The single major contributor to the population growth is immigration, both foreign and domestic.  It is also probably signifcantly understated.
- The racial/ethnic mix will reverse in the next 25 years
- Aging Boomers represent a primary force

If you average the projection results, there will be an increase of 13.6 million people in Texas by 2030.  To put that number in perspective, this would be equivalent of adding (to the current population of Texas):

 another Dallas-Forth Worth metroplex, plus
 another Houston metroplex, plus
 another San Antonion metrolex, plus
 another Corpus Christi

The Dallas-Fort Worth Metroplex is anticipated to grow by 2.8 and 6.7 million more people by 2030.

All of this can only be positive for home sales in the Dallas-Forth Worth area.  2007’s home sales are anticipated to end the year slighly above 2005 by about 2.8%.  However, this is certainly below sales in 2006 by 5.4%. 

Oct

23


Xerox Home / Privacy / Legal

This is really cool!!

If you go to this web site, www.letssaythanks.com, you can pick out a thank you card and Xerox will print it and it will be sent to a soldier that is currently serving in Iraq. You can’t pick out who gets it, but it will go to some member of the armed services.

How AMAZING it would be if we could get everyone we know to send one!!! This is a great site.

Please send a card.

It is FREE and it only takes a second.

Want to win???  That is always the big question!?!  The Coppell Chamber is selling raffle tickets for $20.00 each between now and March 1st, 2008 to raise money for the Chamber!!  What do you win?  A 2008 Ford Mustang (1st Prize); a Samsung 26″ LCD HDTV (2nd Prize); or a AJKA Hungarian Crystal decanter set (3rd Prize)!!  All raffle tickets include a $20.00 gift certificate to BIN 555 in Coppell at Sandy Lake & Denton Tap!!!  You need not be present to WIN!!  See the Coppell Chamber website (www.coppellchamber.ort) for more information or contact me directly to purchase raffle tickets @ 469-449-9990 or christi@christigreenehomes.com!!

 Thanks!

Here is some information about Proposition 6 — PLEASE READ!!  This can affect anyone who uses their car for any type of work!!  If you are not aware of this, pleas read and forward to others!!

Stopping an unfair tax

The MetroTex Association of REALTORS® wants to remind you of how important the November 6 election is to the real estate industry.  One of the proposed state constitutional amendments on the ballot, Proposition 6, can drastically change the amount of money you pay in taxes each year.

Do you spend more time in your car for personal use than business use?  Do you drive your personal car to and from work? Do you drive clients and customers to show homes?  Your county tax assessor wants to tell you that you must pay property tax on that car ” your personal vehicle ” because you use it in the production of income in addition to your personal use. Now imagine that the amount of this tax is $600 or more, every single year.

This scenario is all too real for you and many other Texans. The tax exists, and itâ€TMs called a mixed-use vehicle tax. Just about everyone who owns a car and works for a living has a mixed-use vehicle. Right now, not too many people pay this tax. And hereâ€TMs the great part: You have the power to make sure you never have to pay it in the future.  Prop 6 gives you the power to end this unjust tax once and for all. All you have to do is  Vote for Prop 6 on Nov. 6 or in early voting.

The mixed-use vehicle tax applies to self-employed people and independent contractors — like us as real estate agents, but it would also apply to appraisers, surveyors, inspectors and mortgage brokers and many other independent contractors.  Although county tax assessors have not attempted to tax many of us in the past, if Prop 6 fails, itâ€TMs likely that we will be targeted in the future. This tax is money that hard-working Texans should have for their families.  Think about this a minute. Depending on the value of your car and your tax rate, you could easily be on the hook for a $900 tax bill every year. Meanwhile, your neighbor, who uses his car in essentially the same manner but is not an independent contractor, pays nothing.

The state never intended to subject Texans’ personal vehicles to property tax. In fact, the Legislature passed a law in 2005 that exempted people from having to report to their tax assessor personal vehicles that are also used in the production of income.  Having recognized that this tax should be abolished the Texas Legislature voted unanimously to do so. But now itâ€TMs up to you. Itâ€TMs not often that you have the power to directly decide the fate of a tax. If you wake up on Nov. 7 and find out that Prop 6 didnâ€TMt pass, it will be too late to do anything about it. Please get to the polls and Vote for Prop 6. For more information on this issue, visit  VoteForProp6.org.

Oct

20

Don’t forget to bring your friends and family out to Coppell’s First Annual Oaktoberfest!!  Yes, it is a play on words.  The city of Coppell has adopted the oak branchesin its logo due to the extremely large number of oak trees in the city!  Come enjoy a community evening of live music, food, games, and fun!! 

When/Where?  October 20th from 5:00 - 10:00 p.m. at Andy Brown Park East.  Parking is available by Kid Country (the playground) or the Acquatic Center.  Other parking is available at other Andy Brown Park locations and a short walk on the trails.

Activities include:  Rock Climing Wall, Sack Races, 4 way Tug of War, Relays, and Coppell Depot Miniature Train Rides.

Food includes:  

                    Ben & Al’s BBQ Sandwich, Chips and Drink

                             Palios Pizza by the Slice

                                    Roasted Corn on the Cob

                                             Tropical Sno in Fall Flavors

                                                       Bottled Water

Live Music: The Box Car Bandits will be on stage @ 5p.m.

                    Lantana will be on stage @ 8 p.m.

… or is is pass you by??  I never can seem to decide which one it is.  Well, as you can guess, I am home today with my daughter who is ill, only she does not know it.  We went to the doctor this morning thinking it was chicken pox (I have no idea, it has only been about 36 year since I had them!), only to learn the spots in question were either an allergic reaction so something (no idea what!) or the last step in a virus!!  Of course, no idea what kind of virus.  So, I have been working from home and trying to determine what the rest of my week will result in as we watch the spots and wait and wait to see what happens……  Luckily, as soon as they are gone, she can return to school!!  We just have no idea when that will be.

 As I thought through all of this today, I decided it is somewhat like the real estate market we are experiencing in North Texas.  Does that include you?  Well, it includes the Dallas-Forth Worth metroplex….  Things seem to have slowed down.  How much?  No one is quite sure.  Many of the statistics you see say that our real estate market is down about 10% across the metroplex.  This statistic does hold true.  In June, we were still showing that prices are about 5% up in the metroplex.  Great!  It is just taking longer to sell them.  Which of course, if you are trying to sell your house, is not the best news you have heard this week (much like the news of the rash my daughter has).  When  I talk to other real estate professionals (agents) in the metroplex, many tell me that their business is down anywhere from 5% - 50%!  Wow!  And how does that compare to the market being down 10%?  Much like the doctor today, I have no idea; and the economists who keep giving us advise on television and in the paper don’t really either.  They keep saying the market is just terrible everywhere. 

 So, when will the market change?  Great question!  Most of the information I have been able to gather lately does indicate that our D/FW market is still holding strong.  Home prices are remaining relatively steady, and homes are definitely still selling, just not as quickly.  Some sources are saying it will be 18 months before our market turns around, but this is what I am hearing it will take for the coastal markets who realized the real estate boom over the last several years.  Most are saying that North Texas should be right on track by the Spring!!

So, do you need to buy a house?  It is a great time to buy!  Do you need to sell your house?  It is a great time to sell your house!

Oct

7

The most common questions realtors are getting these days: How is the market? How is business? My common answer: it is doing well. And people are typically surprised since everything we read in the papers and hear on television is so negative. Well, according to the Dallas Morning News, even this article in the newspaper indicates that the Dallas/Fort Worth housing market is doing okay. It is even giving our nationwide average as a positive 3.2% gain. Dallas is showing price increases of 5.02% and Fort Worth a 3.57% increase. Okay, it is not as big a gain as year’s past, but it is still increasing, unlike the home values on the coasts and other markets across the country. How is the Coppell housing market? It is still steady — there is more inventory on the market than this time last year, but homes are still moving. Home prices are also up more than 5 % over last year. Looking to buy a home in Coppell? It is a good time to buy? Looking to sell? It is a good time to sell!

Happy Day! Let me know if I can help you in “Making Your Lone Star Dreams Come True”!

from the Dallas Morning News on October 2, 2007

Neiman Marcus unwraps its Christmas catalog

A 305-carat uncut diamond starting at $1 million was among the items on display at the unveiling of the 2007 Neiman Marcus Christmas Book.

SONYA N. HEBERT/DMN

A 305-carat uncut diamond starting at $1 million was among the items on display at the unveiling of the 2007 Christmas Book.

Leading the fantasy gifts in Neiman’s 2007 Christmas Book is a private holiday concert for 500 guests performed by the world-famous Kirov Orchestra. Or maybe you’d prefer a $73,000 cellphone? Over-the-top holiday gifts are an annual tradition for the 100-year old Dallas retailer.
Photos: See the gifts
 Video

Daily Real Estate News  |  October 5, 2007

House Votes to Eliminate ‘Phantom Tax’
The U.S. House of Representatives voted on Thursday to get rid of a tax burden for home owners who have had a loan forgiven or foreclosed on their home because they were unable to make their mortgage payments. The Mortgage Cancellation Tax Relief Act, H.R. 3648, passed by a vote of 386 to 27. Similar legislation is making its way through the Senate.

Since the early 1990s, NAR has supported such measures to eliminate the “phantom tax” on financially-strapped home owners.

“Congress made a good decision that will affect many Americans who find themselves in a truly bad situation,” says NAR President Pat V. Combs. “Changing the IRS code is an issue of fundamental fairness. It would relieve a tax burden at a time when an individual or family has experienced a true economic loss arising from the sale or loss of their home. These families are already in financial distress and are most likely unable to pay additional taxes.”

The current tax code requires a lender who forgives debt to provide a Form 1099 to the IRS stating the amount the borrower has been forgiven. This disclosure applies whether it is a short sale, foreclosure, deed in lieu of foreclosure or any similar arrangement that relieves the borrower of the obligation to pay some portion of their debt. If the property is sold at foreclosure or is sold for less than was borrowed, that difference is considered income and is subject to the tax.

H.R. 3648 would ensure that any amount forgiven on mortgage debt secured by a principal residence will not be taxed. The legislation has a provision to safeguard against abuses. That provision is similar to one that already exists for commercial real estate owners and would treat commercial and residential property equally.

“This is not only about the subprime turmoil we are currently experiencing,” Combs says. “This is also about families who have lost their home or a need to sell that home for less than the amount owed on their home mortgage because of job loss, divorce, health issues, a decrease in the value of the home or other unfortunate circumstances. Clearly it is unfair to tax people on phantom income when they most likely have no cash with which to pay the tax.”

In other news, another bill has been sent to the House Judiciary Committee that would revise the bankruptcy code to allow judges to order mortgage lenders to ease terms for home owners in bankruptcy proceedings. Currently, mortgage lenders can foreclose against a home owner in default 90 days after the filing of bankruptcy.

— REALTOR® Magazine Online
Let’s hope this passes in the Senate as well!!

Wondering what “new” construction might be coming to Coppell, Texas? Everyone says we are “built out”, but it appears that the city has actually approved several areas for new home contruction! One developement is on the southeast corner of Denton Tap and Sandy Lake. The second development is on the corner of Denton Tap and Bethel Road. Not much is happening yet, but there will be more news to come!Thanks for reading! Please let me know if I can can help you “Make Your Lone Star Dreams Come True!”

According to the National Association of Realtors is expecting the median price of homes to drop in 2007 (on average). However, the Dallas market is expected to start booming! We have been somewhat stagnant and has avoided a housing Boom in terms of home appreciation due to various factors including the oil embargo of the 70’s, the Savings and Loan crisis of the 80’s and the technology meltdown in the 90’s. Forbes magazine has recently said that Dallas-Fort Worth is amond the Best Cities to Live as #1 in cost of living; # 5 in job growth, #9 both in best cities for singles and in cultural categories. In addition to attracting a young and very educated workforce, we are also attracting many new residents over the age of 65 (second to Florida). Researchers are predicting continued job growth and housing to stabilize over the next 12 to 18 months!!

Oct

3

New Listing

Posted by Christi Greene under For Buyers, For Realty Professionals

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Oct

3

Meet Christi

Posted by Christi Greene under For Buyers, For Realty Professionals, For Sellers

For most Texans, the lone star spirit is about a passion for life. It’s also about graciousness, honoring traditions and strengthening family bonds. For most, it includes a love of football, an independent nature and a wide-open vision of the future. Christi Greene exemplifies this spirit in all she does. Whether it’s hosting family barbecues or rooting for her alma mater, Texas A&M, she exudes the state’s big heart with classic lone star style.

A Rising Star in
Dallas

Christi was steeped in
Texas traditions early in life and has always been proud to be a native of the lone star state. She was always fascinated by farming as a business enterprise. Although she grew up around
Houston, Christi got involved in youth agricultural clubs and learned about responsibility and caring for resources. Her natural organizational skills were honed before high school, and in each extra-curricular group she joined, Christi thrived in leadership roles. True to her roots, she chose Texas A&M for college, earning BS and MS degrees in agricultural economics. She then went on to work for major Texas corporations and became a rising star in the boardrooms of
Dallas.

 
For Christi and her family, weekends are about football and cookouts.
For Christi and her family, weekends are about football and cookouts.

But her love of family and the lone star spirit were never lost in her career pursuits. As a devout Aggie, her weekends are spent watching A&M football with her family. She loves pool parties at her home, and maintains close ties to her college friends, bumping into some of them on world travels. Even in
Europe, she’s spotted the famous school ring on strangers, who become instant friends when the classic “howdy” greeting is exchanged.

Deeply in Tune With the Lone Star Culture

In her career as a real estate professional, Christi is making dreams come true for a host of clients drawn to the lone star spirit in
Dallas. This spirit shapes her approach to business, from her engaging manner to her passion for winning at the game. Her decades of living in
Dallas (and throughout the state) give her local knowledge of the housing market, investment opportunities and amenities.

With a master’s degree in economics and years of corporate experience, Christi is renowned for her negotiation and marketing skills.

Deeply in tune with the city’s lifestyle, Christi understands the needs of newcomers moving into the area. As a parent and former executive herself, she can find the perfect home for busy families and professionals. Whether it’s a high-rise or acreage, she knows where to search and how to negotiate for the best investment. For sellers, Christi’s years of high-level marketing experience makes for a quick, efficient sale.In all she does, Christi brings remarkable organizational skill to her work. Her network of resources is vast. Whether it’s hiring a contractor to transform a fixer or tapping a buyer’s list to hasten a sale, her long-term relationships pay off when it comes to making dreams come true for a client.

The Texan to Trust

Buying or selling a home in the complex
Dallas market requires the help of a seasoned expert. Christi Greene has superb business insights and a lifelong devotion to the culture and traditions of
Texas. She also brings renowned marketing, negotiation and strategic planning skills to her clients. Call her today for a free consultation. She’s
Making Your Lone Star Dreams Come True.

Welcome to Christi Greene’s Blog! This blog will provide you with valuable information, tips, and general insight into the real estate market in Dallas - Fort Worth not limited to, but including Coppell, Addison, Grapevine, Lewisville, Flower Mound, North Dallas, East Dallas, Farmers Branch, Carrollton, Southlake, Forth Worth, and Keller.