Ron Paul's Explanation of the Housing Bill

How's the Market?

I bet your wondering - that's the most frequent question we get asked.
The answer is, it depends - every neighborhood is different.

Being a subscriber of Altos trend reports you get a weekly snapshot
of the market, by zip code.  So, you can really zero in on the listing
vs sales activity of a particular area. 

Take a look at West Plano - 75093.  Please note: that all data is for homes
currently for sale and is collected weekly (that's what makes this so important
 - it's real time!)  Everything is on a 90 days rolling average, pretty neat...

I've talked about the market action report before but to review it's a barometer
on listing vs sales activity.  If the index is above 30 - it is considered a seller's
market below that it is a buyers domain. 









To recap, price per sq ft is stable and days on market is down.
It's still a buyers market, inventory is rising but still below previous levels.
Price decreases are being taken to reduce inventory. New listings have
leveled off this past week.  This info is awesome and to think I can do this
with every zip code is powerful. More to come...

[where:75093,real estate update,West Plano]

PERU RUINS

A family member just got back from Peru and wanted to share this
photo.  Already feels cooler at the top!

New listings link has been updated at the top, there are 22 new properties
but 6 of them have been on the market before.  You can tell by the days on
market or DOM on customer report.  Prices should be coming down on old
listings.

[where:75093,new listings,West Plano]

Open on Sunday in 75093

Link has been updated above for today's tour of 16 houses.

Neighborhoods include:

Old Shepard Place, Parkbrooke, Steeplechase, Willow Bend,
Windhaven, Kings Court, Preston Lakes , Lakeside on Preston

and more...

[where:75093,open,houses,West Plano]

Your Contract is Held!

What does it mean? ...to have....to hold?

I don't know..

That's a new one on me, even the listing agent who
is a REO (Real Estate Owned) agent didn't know!

Here's the story..we submitted a contract on a foreclosure a
couple weeks ago and were waiting for an offer response which
should be accept, reject or counter.

The listing agent called and said the lender (Countrywide) sent back
the contract with HELD written across the front page.  Even he
didn't know what it meant. And it took 3 days to find out!

It was accepted by price but the terms changed a bit, make sure
you go over the contract again - they can slip things in...

Now we just have to get through the inspection.  So a new real estate
term is held which means accepted by this lender and that's why banks
don't know how to sell real estate.

Foreclosure link has been updated at top in zip codes 75093,75024,75025.

[where:75093, 75024,75025, Foreclosures, West Plano]