With Tyler usually paralleling the Dallas-Plano-Irving housing market, appreciation there is now
1.91%, but 3.3% in San Antonio. We are finding this in Tyler, although it does take longer to
sell homes. Go to our website at www.thebains.com & go to SOLDS to get our latest statistics
on the Tyler, TX market. Of smaller communities, Bryan-College Station appreciated 6.78%.
Remarkable what is happening in Texas!!
thebains Uncategorized
Effective April 1, Fannie Mae & Freddie Mac will increase “delivery” fees they charge lenders based
on FICO scores, down payment amounts & other loan characteristics.
Even applicants with acceptable FICO credit scores will be charged more unless they can come up
with a down payment of 30% or more.
For example, a buyer with a 699 FICO score with a 25% down will be charged 1.5% delivery fee
at closing & even a 739 FICO score will pay a 1/4% add-on.
thebains Uncategorized
Such a limited amount of coastal land & the percentage that’s developable & inhabitable is small.
On a map it looks like there are thousands of miles of coast, but only a few hundred are
developable. Once the market swims the coast will be attractive. People still want to live on the
water, even if those in Tyler, TX are several miles away. There could be some good deals NOW
during the spring & summer & several developments. Just call THE BAINS at 903-561-4346.
thebains Uncategorized
Third quarter 2009 will see the market bottom out in the Dallas-Ft. Worth area with a price decline
of 1.1%. Tyler historically parellels the Dallas housing market. Houston is bottoming in the 3rd
quarter, but has had only a 0.2% decline. San Antonio has the largest decrease in TX at 1.6%
decline & bottom 1st quarter 2010. The U.S. market could see a price drop of 36.2% & bottom
out the 4th quarter of this year. This is from a report by Moody’s Economy.com and Fiserve
Lending Solutions.
thebains Uncategorized
Dallas, Houston & San Antonio are the LEAST likely to experience lower home
prices in the next 2 years, according to PMI Group’s Winter 2009 Risk index.
Tyler parallels the Dallas market & that is what we are seeing in East TX. Home
values are remaining OK, with even some increase, but longer selling times. The
Risk Index used economic, housing & mortgage market factors to determine the
probablity of lower home prices in the future. All of this bodes well for the Tyler,
TX housing market.
thebains Uncategorized
Buyers who choose to wait until prices come down more are also gambling that interest rates will
hold steady or drop. The impact of a mere 1% increase in interest rates can nullify a 10% drop on
price of a home. With many choices of homes, buyers are often CONFUSED, so let us help you
narrow the market. Because of our experience, we can often spot a “good buy”. Now is the time
to GET WHILE THE GETTINGS GOOD. Also possible to trade UP, even though you get less for your
present hom, but possible can buy a new home at a reduced price & come out OK. We just have to get in the market to figure all this. Now is really the time to be optomistic about the market &
comfortable with us as your REAL ESTATE GUIDE. Call at 903-561-4346.
thebains Uncategorized
Despite increasing global real estate turmoi, Texas remains an attractive place for foreign investors
looking for opportunities in the United States & that include Tyler, Texas. Of course the bigger
cities get ranked, but that is OK. The United States ranked first among nations in terms of chances for capital appreciation. This is from the Assocation of Foreign Investors in Real Estate.
thebains Uncategorized