After months of criticism that it hasn’t done enough to prevent foreclosures, the Obama administration announced on Friday a plan to reduce the amount some troubled borrowers owe on their home loans.  This plan will not apply to the investors or the vacation homes properties.  To get the full story read Gov’t Unveils $14B Plan to Help Troubled Homeowners. 

If you have any questions regarding your mortgage or selling your home contact Team Decell.

The summer’s trend of rising home prices is ebbing as the traditional home shopping season end, two reports Tuesday showed.

The Standard & Poor’s/Case-Shiller home price index of 20 major cities rose 0.3 percent to 144.96 in September, the fourth monthly increase in a row. The seasonally adjusted index is now up more than 3 percent from its bottom in May, but still 30 percent below its peak in April 2006.

Another reading of home prices by the Federal Housing Finance Agency held steady from August to September.

Homes for sale in Frisco continue to meet or beat market expectations.  Home sales in Frisco have consistently risen for the past 5 months and the days on the market continues to decline.  That is a definite indicator that Frisco Homes Sales is strong and vibrant.  

If you are interested in talking to someone about your options please call us.  If you are interested in homes for sale in Frisco,  Plano,  Allen and  in McKinney area TEAMDECELL is who you need to call.  We also assist our clients with New Construction as well.  We are your home town experts and offer excellent customer service.  214-975-3210

A benchmark report on the country’s commercial real estate market gives high marks for two Texas cities.  But Dallas gets barely a mention.
The annual Emerging Trends in Real Estate – a survey of the country’s top commercial real estate market players – gives a nod to Austin and Houston and for improving market conditions statewide.
“Texas markets continue to show strength after years languishing in the survey basement,” the Urban Land Institute and PricewaterhouseCoopers, who do the annual report, said Thursday.
But Big D wasn’t in the annual “markets to watch” list, which tells real estate investors where to look for good deals.
The Dallas-Fort Worth area is ranked 13th out of 50 U.S. markets tracked in the report.  Still a mention and being 13th on the top 50 isn’t bad.  Commercial and Residential  Real Estate in Frisco continues to grow.
Investors are expecting some whopper buys as troubled commercial properties hit the market, the survey says.
“Those that are patient, daring and selective could score generational bargains on premium properties from both distressed sellers and banks that are clearing out unwanted bad loan and real estate owned portfolios,” said ULI’s senior resident fellow for real estate finance, Stephen Blank.

TEAM DECELL are your local experts.  We will help you find the deal that you’re looking for.

The week began with September Pending Home Sales coming in UP for the eighth month in a row. The National Association of Realtors index was UP 6.1% for the month, and UP 21.2% over September a year ago! The index hit 110.1, with 100 equaling the average level of sales contracts in 2001, the first year measured by the index.

And, yes, the Mortgage Bankers Association once again reported the average contract interest rate for 30-year fixed-rate mortgages dropped. This time it hit 4.97% with points sinking to 1.01 (including the origination fee) for 80% loan-to-value (LTV) ratio loans.

Information Provided By TEAM DECELL 214-975-3210

USA today reported that sales of pending homes hit a record in September as homebuyers rushed to take advantage of a tax credit for first-time home buyers — a pace that could continue if Congress takes steps this week to extend and expand the stimulus set to expire at the end of this month.

The Pending home sales saw their 8th straight month of gains, marking the longest streak since the measurement began in 2001, according to the National Association of Realtors. The data, which is based on contracts signed in September, showed that sales of pending homes rose 6.1% over August. It’s also 21% higher than September 2008.

Private home construction, which increased nearly 4% in September, saw the biggest increase since July 2003 also.

If you are interested in talking to someone about your options please call us.  If you are interested in homes for sale in Frisco,  Plano,  Allen and  in McKinney area TEAMDECELL is who you need to call.  TEAMDECELL sells homes in the Frisco, Plano, Allen and McKinney Area primarily.  We also assist our clients with New Construction as well.  We are your home town experts and offer excellent customer service.  214-975-3210

ARE HOME PRICES IN FRISCO TEXAS FALLING OR NOT?

MSNBC recent reported that housing prices have fallen for the 12^th consecutive month.  MSNBC stated that a recent slide in housing prices has been very moderate, but it’s only just begun — at least according to most widely watched data on both new and existing homes. As recently as the second quarter of this year, home prices were still up 3.2 percent from a year ago nationwide, according to Office of Federal Housing Enterprise Oversight. And after years of double-digit gains in many markets, home prices nationwide are down less than 1 percent, according to the National Association of Realtors. 

Fortunately for Frisco residence that is not the case, we have not seen a decline in housing prices but an increase.  MSNBC is also stating that it’s going to be harder for sellers to get their original asking price.  Frisco homes have been selling for 97% of their asking price and that number has crept up all year.  Frisco’s average home price and the price per foot sold have also been inching up all year.  In august 2009 the average price per foot sold moved up to $91.65.  Additionally our average days on the market is decreasing instead of increasing as is the National number.   Additionally, there is only 5.4 months worth of inventory on the market.  That means that the supply is decreasing which (according to Economics 101) means the demand will increase which (according to Economics 101) price will also increase. 

If you are interested in talking to someone about your options please call us.  If you are interested in refinancing your current home or homes for sale in Frisco, homes for sale in Plano, homes for sale in Allen and homes for sale in McKinney area TEAMDECELL is who you need to call.  TEAMDECELL sells homes in the Frisco, Plano, Allen and McKinney Area primarily.  They are your home town experts and offer excellent customer service.  214-975-3210

Happy Independence Day everybody and happy 233rd birthday America!

Come spend July 4th with FC Dallas, fireworks, live music, and honoring military troops from all over Texas at Frisco’s Pizza Hut Park, this Saturday, July 4th starting with happy hour at 6:30. 1 ticket for 3 great events – FC Dallas vs NY Red Bulls, North Texas’ largest fireworks show, and live concert from Lone Star Attitude. All military troops get in for 50% off with ID at box office. And be in attendance at Halftime as we’ll have a special presentation from American Fallen Soldiers Project to a local family from Denton, whose son was KIA in Iraq in 2007. Tickets on sale now at www.fcdallas.com or www.ticketmaster.com

Also TEAM DECELL would like to offer to all Military Personel 50% off to use our real estate services.  If you buy a Frisco Home or any Home in the Plano, Frisco, McKinney and Allen area we will give you back a closing 50% of the commission that TEAM DECELL Earns.  If you sell your Frisco, Plano, McKinney or Allen home with TEAM DECELL we will rebate back to you 50% of our commission earned.  TEAM DECELL supports and Honors our Troops especially on this 4th of July.

Home Sale News - We continued to have encouraging housing news last week, starting with Existing Home Sales up 2.4% for May to a 4.77 million annual rate. This was the third month in a row of increased sales, which are now 6.2% above their January low. And the percent increase for the last two months is the largest since April 2004. The existing homes supply decreased to 9.6 months from April’s 10.1 months. The median price of an existing home INCREASED to $173,000.

Next we saw new home sales at a 342,000 annual rate for May, with the supply dropping to 10.2 months from April’s 10.4 months. New home inventories are now at 292,000, down 49% from their mid-2006 peak and at their lowest level since 2001. Sales were down slightly for the month, but still above their January low. The 111,000 new homes for sale still under construction are at their lowest level since 1970. The 135,000 completed new homes for sale are the lowest level since 2006. The Mortgage Bankers Association reported purchase loan applications UP 7.3%!

Last week we reported the housing market needs to get back to 1.6 million starts a year just to meet knock-downs and population growth. A new Harvard University report heartily agrees. It says there will be millions more echo boomers than there were boomers who first grew the housing market. The report projects household growth between 12.5 and 14.8 million in the next 10 years! The report also notes that price declines and low interest rates have brought affordability to many housing markets.

For more information on the Frisco, West Frisco and surrounding area or Home Foreclosures call TEAM DECELL at 214-957-3210.  TEAM DECELL is here to meet all your real estate needs.

Currently there are a total of 93 accredited marketing destinations across the country with only two in the state of Texas who have attained this measure of excellence, the Austin CVB and the Frisco CVB.

Gordon Barr, Chairman of the Frisco CVB Board of Directors, says, “Achieving accreditation is an impressive feat for such a young organization. The CVB’s Executive Director, staff and the City of Frisco are committed to providing the highest level of service to our visitors and have achieved this through compliance with DMAP standards.” 

DMAP accreditation standards cover a wide variety of topics including governance, finance, management, human resources, technology, visitor services, group services, sales, communications, membership, brand management, destination development, research/market intelligence, innovation and stakeholder relationships.

Frisco CVB  Executive Director, Marla Roe, responded, “We were thrilled to learn we have been accredited through the DMAP program!  We strive hard to provide a high level of return to our City, stakeholders and visitors to Frisco, and this accreditation validates that we are and have been doing just that.” The CVB will recertify their status in 2013.

ABOUT THE FRISCO CVB:

Founded in 2003, the Frisco, Texas, CVB has grown in tandem with the extensive growth of leisure travel, sports, and meeting facilities in the area. It’s our mission to generate a positive awareness of Frisco as a premiere destination for meetings, sporting events, conventions, trade shows, and leisure travel and to positively impact the economic base of the City of Frisco. For more information, visit our website visitfrisco.com or call 877-GO-FRISCO.

The Town of Frisco is a fast growing community we here at TEAM DECELL are your neighborhood real estate agents.  We offer the highest level of service to our clients to assist them in meeting their ownership goals.  For more information regarding the Frisco Area, Frisco Homes or Frisco Foreclosures contact TEAM DECELL.

Little Elm ISD looking to get a new TAKS Title

Little Elm, West Frisco’s hidden neighbor, may have earned up to five Exemplary-rated campuses and two Recognized ones, according to preliminary TAKS results.

This would mean the district’s highest ratings since these standards were implemented several years ago. The district has nine campuses eligible for ratings.

Frisco ISD has about six times as many students as Little Elm ISD. But this tiny district is steadily increasing. And officials are banking on an Academically Recognized rating when the numbers are finalized at the end of July. 

The ISD has been one reason why so many people don’t want to move into Little Elm but stay in the Frisco ISD even though home prices are a great deal higher.  If the preliminary findings are correct this will be a huge boost for the Little Elm Real Estate Market.  Home values have really struggled in Little Elm as compared to its Frisco neighbor.  With all the road improvements to Eldorado and the New Bridge being built which will connect to Highway 35, Little Elm real estate values could skyrocket.  This little bedroom community is also only minutes from Lake Lewisville. 

For more information on the Little Elm, Frisco, West Frisco and surrounding area or on any Foreclosure call TEAM DECELL at 214-957-3210.  TEAM DECELL with REMAX Summit Realty is here to meet all your real estate needs.