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Real Estate News

Is a 5% Interest Rate a magic number?

September 4, 2009
Texas Home Interest Rates Below 5%

Below is a commentary from CNBC on September 3, 2009 pointing at that historically speaking when the interest rates fall below 5% the Home Buyers comes out to play, and in a big way. The Fall selling season we are entering needs this; but as this story also points out when rates drop as they did last Spring it shows an increase in mortgage applications, not necessarily people buying homes. In the Spring of 2009 a huge portion of this was done

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Monetizing the Tax Credit for a Down Payment: Clear as Mud

June 1, 2009
Government Down Payment Assistance

Ever since the May 12th announcement from HUD1 that the $8000 First Time Homebuyer Tax Credit was going to be able to be used as a down payment I believe there has been more misconceptions, ill conceived speculation, and just down-right misinformed banter from those in the real estate industry and future home buyers alike. A lot of those in the real estate industry posted information on their blogs, or in forums such as Trulia, ActiveRain and Zillow baiting those interested in

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$8000 Tax Credit used as Down Payment in Texas Coming Soon

March 29, 2009
Down Payment Required for FHA Mortgage in Lewisville, Flower Mound and all of Denton County

This is a question I have noticed entered on searches for some incoming traffic here at My Denton County Real Estate, and have been asked about more than once. I have not addressed this yet due to the fact there is nothing in place YET. But in an effort to appease those search efforts, and to win over those future home buyers who have not yet chosen a real estate agent. Here it is.. In early to mid May of 2009 the

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Real Estate Agent Arrested for Cutting the Competition

March 21, 2009
Real Estate Agent Arrested

Here is a story I caught across the news wire recently. A Fort Mills, South Carolina Real Estate Agent was caught on tape cutting up, and knocking down a competitors real estate signs. Evidently, he is the former boss of the victim according to the story. Now what really caught my attention about this was the type of signs this real estate agent was using, why is he using cardboard signs in front of houses?

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National media MAY actually be keeping up

January 27, 2009
Old-Time TV & Media Coverage of Real Estate

It amazing to a lot of us in the real industry but the national media may actually be on the same page as the rest of us. This story recently ran on NBC’s Today Show, The 5 Biggest Real Estate Myth’s. It addressed many of the misconceptions buyers and sellers may have on their mind with the current market conditions. Sellers are desperate Don’t buy before prices have bottomed You can’t buy a home unless you have 20% down Now’s the absolute

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Yet another HUGE event

September 16, 2008
Just the Start of Foreclosures and the Housing Bust

It’s Fed Day, but that isn’t the big story at the moment. Right now, all eyes are on insurance giant AIG, which is in very serious trouble. The company is in desperate need of around $75 Billion and it has until today to shore up this capital, otherwise it could face bankruptcy. This story is far reaching as AIG is a worldwide company, with $1 Trillion in assets and operating in 130 countries. Think about this – AIG provides insurance in all

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