• Monday, March 30th, 2009
February saw an improvement in the real estate market of Collin County and surrounding areas, which included Plano, Frisco, Allen and McKinney, reports the Collin County Association of Realtors (CCAR). Home sales increased by more than 34 percent over January, and the median sales price was 7 percent higher in February ($167,250), than in January ($156,200).
The CCAR Pulse, which delves into the real estate markets of 36 local communities, including Frisco, reports that the average time a house was on the market in February was 111 days, down from 113 days a year ago.
“The good news isn’t just for sellers; local buyers have a great opportunity right now. Because interest rates are at historic lows and the median family income is 158 percent of what is needed to qualify for the median priced house, the average buyer will be able to find a nice home at an affordable price,” notes Steve Haid, CCAR member services director.
Can it be that we are climbing out of the slump?
The overall inventory of available homes on the local market remains balanced at 5.9 months. However, there is an undersupply of houses priced below $200,000 and an oversupply of homes priced above $500,000.
• Monday, March 30th, 2009
Conventional 30 year fixed
4.625% + 0 + 1
4.875% + 0 + 0
Jumbo 30 year fixed
6.25% + 0 + 1
6.50% + 0 + 0
FHA 30 year fixed
5.00% + 0 + 1
5.50% + 0 + 0
* rates are quoted based upon a fully documented, primary residence purchase money loan request with a 30 day rate lock and are subject to borrower qualifications. Rates may vary for borrowers with fico scores < 740, 80/15/5 & 80/10/10 loan programs and loan amounts less than $100,000.
• Saturday, March 28th, 2009
Shrimp and Crawfish Boil Benefiting the Boys and Girls Club
This Saturday, April 4th 12:30-4:30 in the parking lot of the Frisco Bar. RSVP Necessary to cgurney@bgccc.org or call 972-712-0808. The event and proceeds will benefit the Boys and Girls Club of Collin County.
Come out and join REMAX Summit Realty for lots of Food and Fun and support the Boys and Girls Club of Collin County.
Don’t Forget to RSVP
Renée Williams
RE/MAX Summit Realty
cell: 214.207.0467
fax: 214.303.9768
http://www.txexperiencedrealty.com/
• Friday, March 27th, 2009
Conventional 30 year fixed
4.75% + 0 + 1
5.00% + 0 + 0
Jumbo 30 year fixed
6.50% + 0 + 1
6.75% + 0 + 0
FHA 30 year fixed
5.00% + 0 + 1
5.50% + 0 + 0
* rates are quoted based upon a fully documented, primary residence purchase money loan request with a 30 day rate lock and are subject to borrower qualifications. Rates may vary for borrowers with fico scores < 740, 80/15/5 & 80/10/10 loan programs and loan amounts less than $100,000.
• Thursday, March 26th, 2009
Conventional 30 year fixed
4.75% + 0 + 1
5.00% + 0 + 0
Jumbo 30 year fixed
6.50% + 0 + 1
6.75% + 0 + 0
FHA 30 year fixed
5.00% + 0 + 1
5.50% + 0 + 0
* rates are quoted based upon a fully documented, primary residence purchase money loan request with a 30 day rate lock and are subject to borrower qualifications. Rates may vary for borrowers with fico scores < 740, 80/15/5 & 80/10/10 loan programs and loan amounts less than $100,000.
