August 2009
HR 1728 Update
August 19, 2009 by cathy · Leave a Comment
As many of you know, the US House of Representatives recently introduced a bill (HR 1728) that would restrict seller financing, and put the goverment into our business.
A quick update – the bill was sent to the Senate Banking committee, and has apparently stalled there. Chris Dodd, Chairman of the committee, has said that the bill isn’t a top priority, implying that there is more important stuff to be done. Hopefully this means the bill will die in this session. There is always a chance, however, that it could come up again.
On the bright side, the National Association of Realtors has joined us in the fight against it. I guess they realized that seller financing is a powerful tool, especially in a slow market with such an uncertain lending environment.
It’s extremely important that we investors stay on top of all the legislative changes coming down the pike, so I thought I’d post a quick update.
Lets have less goverment and more self control of our business!
9713 Brierwood Lane, Dallas, TX 75214
August 16, 2009 by cathy · Leave a Comment
$79,900
Short sale. Must sell. Need an offer.
Has a Section 8 renter paying $ 1,050 mo. Great investment!
Property and Financial analysis: 9713 Brierwood
This is a newer property built in 2004.
Great cash flow rental.
4/2/2
NAR TO DFW: HOUSING LOOKING UP
August 16, 2009 by cathy · Leave a Comment
DALLAS-FORT WORTH (Dallas Morning News) – Area home sales were essentially flat in the second quarter following a long period of declines, according to the National Association of Realtors (NAR).
The second-quarter survey indicated that North Texas experienced a 0.2 percent decrease from a year earlier in the median price of homes. Nationwide, median prices fell by 15.6 percent.
DFW’s second-quarter drop represented the smallest in over a year, welcome news after a nearly 5 percent drop in the first quarter.
The NAR report has supported recent housing data pointing to a flattening of the North Texas home market.
“We are beginning to see some more positive trends in the housing market, which is great news,” said David Brown, head of the Dallas Metrostudy office. “Although it is a short trend, both the new home and resale closings during the last quarter suggest the market is bottoming out in sales volume.”
