Thursday, October 29, 2009
Here is the latest on Tax Credit
The agreement would extend the existing credit for first-time home buyers, worth up to $8,000, while offering a new credit of up to $6,500 for some existing homeowners, Senate aides said. The reduced credit would be available to all home buyers who have been in their current residence for a consecutive five-year period in the past eight years.
The new provisions are aimed at broadening availability of the credit beyond first-time buyers and giving the weakened real-estate market a bigger boost while preventing real-estate investors from benefiting.
Many property experts have cited the credit as a reason for signs of recovery in the housing market in recent months. But that recovery was somewhat undercut by the September drop in new-home sales reported Wednesday.
The credit would be extended from its current expiration date of Dec. 1 to all contracts entered into by April 30, and closed before July 1. It is expected that income limits on people claiming the credit would be increased to $125,000 for singles and $250,000 for couples, from the current $75,000 and $150,000, aides said. The credit phases out for people making more than those amounts.
While Senate lawmakers appear to have reached a deal on the substance of the tax credit, they are still at odds over how it would be brought to the Senate floor. Senate Majority Leader Harry Reid (D., Nev.) hopes to add it to a bill currently on the Senate floor to extend federal unemployment insurance benefits. But agreement on that hasn't been finalized.
While Senate Republicans are likely to support the measure, House Democrats have raised concerns that it carries a high cost to the government. The Internal Revenue Service is examining the program for alleged abuse.
Write to Corey Boles at corey.boles@dowjones.com and John D. McKinnon at john.mckinnon@wsj.com
Printed in The Wall Street Journal, page A4 Copyright 2009 Dow Jones & Company, Inc. All Rights Reserved
Thank you to Dean Miller, Vice President Mortgage Banking, Patriot Bank Mortgage in Dallas for this up to the minute information.
5430 LBJ Freeway #1485
Dallas, TX 75240972-770-2636 Office
214-725-9925 Cell
972-770-2639 Fax
dmiller@patriotbankusa.com
Wednesday, October 28, 2009
Existing Home Sales Surge
A flood of housing market data was released during the week, and most of it reflected improvement in the sector. The biggest unexpected news came from the September Existing Home Sales report, which jumped 9% from August to the highest level since July 2007. Inventories of unsold existing homes dropped sharply to a 7.8-month supply from a 9.3-month supply in August. This marked the lowest inventory levels in two and one-half years. September Housing Starts remained at depressed levels, which removes pressure on future inventory levels. Building Permits, a leading indicator, also held at low levels. In short, home sales improved, while inventory levels moved lower with a relatively light supply of new homes in coming months. If there is a note of caution, though, it's that much of the activity has been spurred by exceptionally low mortgage rates and the first-time homebuyer tax credit, and the future is uncertain on both fronts. The Fed is scaling back its purchases of mortgage-backed securities, which might push mortgage rates gradually higher, and lawmakers are currently debating whether to extend the first-time homebuyer tax credit.
The Mortgage Bankers Association (MBA) also released its forecasts for this year and next. According to the MBA projections, purchase originations will decline slightly in 2009, but will then increase by 12% in 2010. Similarly, the MBA forecasts that existing home sales will rise by 11% in 2010. The chief economist of the MBA suggested that the timing of the economic recovery and the level of mortgage rates are the biggest variables influencing the results for 2010.
Tuesday, October 27, 2009
Early Voting Ends Friday...GO VOTE
PS - Be careful because this vote has a few items where no means yes and yes means no.
"We encourage all Texans to participate in the constitutional election of November 3. Early voting beings Monday, with 11 propositions for voters to consider.
The propositions cover a range of issues, including curbing eminent domain abuse and controlling Texas' property tax appraisal system. Other propositions fix errors that have crept into the constitution, allow for new debt, or provide the legislature with the authority to spend money."
I attached a League of Women Voters voting guide for your reference.
Here are two links that provide additional information about the proposed amendments
Monday, October 26, 2009
Texas Homeowners: Important to vote on Nov. 3rd!
At the bottom of this announcement there is a link to the Listings of the Propositions that are up for election in November
If you Do NOT want additional property taxation PLEASE VOTE "NO" to Prop. 2 and 3 (HJR 36).
Proposition 2: The proposed amendment would appear on the ballot as follows: "The constitutional amendment authorizing the legislature to provide for the ad valor em taxation of a residence homestead solely on
the basis of the property's value as a residence homestead".
Proposition 3: The proposed amendment would appear on the ballot as follows: The constitutional amendment providing the uniform standards and procedures for the appraisal of property for ad valor em tax purposes".
If you have not read the rest of the 11 Propositions, here is the link:
http://www.sos.state.tx.us/elections/voter/2009novballotexp.shtml
Friday, October 23, 2009
The Dallas Arts District is AMAZING!
...and there's more excitement on the horizon! The 5.2 actre "deck park" is underway over the Woodall Rodgers Freeway, connecting the Arts District and Downtown with Uptown and Victory Park. It will be one of the country's most unique public spaces, featuring a playground, children's garden, dog park, botanical garden, water elements,picnic area, restaurants,parking and more.
For more information, visit TheParkDallas.org
Monday, October 12, 2009
Dallas Arts District Opening Events this week!
Tuesday, September 15, 2009
One for Austin...and Dallas! D-FW economic, housing markets among top in U.S.
D-FW ranked fourth in a second-quarter economic comparison of 100 U.S. cities that was released Tuesday by the Brookings Institution. Austin was at the head of the list of cities with the strongest performing economies.
And D-FW ranked third among markets with the best home prcie performace, the study found.
Local home prices, when adjusted for inflation, have increased in the D-FW area 3.8 percent during the last year, Brookings researchers estimate. That's the third-best performance in the country, behind Houston and Wichita, Kan.
BEST PERFOMING AREAS:
1. Austin
2. Baton Rouge
3. Columbia, S.C.
4. Dallas-Ft. Worth
5. Des Moines, Iowa
6.El Paso
7. HArrisburg, PA
8. Honolulu
9. Houston
10. Jackson, Miss
One for Dallas... Groundbreaking for Woodall Rodgers deck park!
To watch the Woodall Rodgers deck park celebration go to dallasnews.com/video.
Monday, August 31, 2009
Breakfast At Taco Diner in Preston Center only!
One of our favorite eating establishments is opening its doors for BREAKFAST!
If you're craving a Breakfast Taco, Huevos Rancheros
or even Buttermilk Pancakes after your workout
or on your way to work, this is the place for you.
Come check out their new menu and its Denny’s (couldn't resist)like prices.They promise to make you an instant fan.
Parkies favs: Brisket con Huevos
Breakfast Taco Platter
Brunch Quesadillas
And if you don’t want to inhale the calories you just burned off try
Huevos de la Casa “Blancos” Egg white omelet with spinach and mushrooms
Join Taco Diner for BREAKFAST on their newly remodeled patio or give them a call and pick up your BREAKFAST to go.
Shop the hidden treasures!
Hey friends-
Ashley and I have started a new part of our business where we do Canton Caravan trips and Dallas shopping trips for your home. It is a fun day and we know you will walk away with a special treasure. Take a look below for all the details.......
Modern Day Treasure Hunting
by Simply Done
Like to shop for your home but don‘t know where to start?
Looking for adventure or to get away with friends for the day?
Benefit from more than a decade’s worth of treasure-hunting experience and design expertise….. Avid flea marketers and interior home shoppers, Ashley Black and Susan Lacina, have searched in and around Dallas for the best kept secrets and “off the beaten-path” shops. Their favorite collecting haunts and best resources are now offered to you in a day of shopping! Come experience the thrill of the hunt and join us for a day filled with new friends, good food, and your next new treasure!
Trips in and around Dallas $89
Trips to Canton $99
Day trips include transportation, lunch, expert shopping advice and admission (where needed).
(Minimum of 6 shoppers per trip)
Dallas shopping trip dates:
Canton Caravan dates :
September 3rd and 4th
October 1st and 2nd
October 29th and 30th
December 3rd and 4th
Hosts: Ashley Black and Susan Lacina
Cell: 214 695-6633 and 214 566-467
Email: ashblack@swbell.net and susan_lacina@yahoo.com
Friday, August 21, 2009
HUGE reduction on high profile property in Highland Park

We have our very own Stimulus Package going on at 4201 Edmondson in Highland Park, Texas. This property was built in 1946 and renovated for a family of 5 in 1980. It is a contemporary ranch style home wrapped around a pie-shaped 1/2 acre lot across from the Dallas Country Club GOlf Course. The location is prime...walking distance to school, church, parks and Highland Park Village where Parkies shop for groceries, see a movie, eat lunch and dinner at Celebrity Cafe or Cafe Pacific, Mi Cocina, Patrizios and more. You can shop a number of high end designers, workout, see a nutrionist, a travel agency or get your hair cut and a massage, buy designer kitchen gadgets or sit with friends at Starbucks for coffee.
The property has so many possibilities, but the most significant opportunity is the investment in terms of long term value. They aren't making any more land in Highland Park, especially prime land and this is an unprecedented time to make a smart deal.
This property has just been reduced from 1,850,000 to 1,599,000. Call Dennie or Dodie for an easy to show appointment. Don't wait! 214 354-8048.
Friday, June 12, 2009
Austin Takes The Lead: Top City for A Fresh Start

Monday, June 1, 2009
100 Icons Worth Investigating in Dallas Ft. Worth
The American Ladies Go To England
My sisters and I are all Realtors (shameless plug for our website: www. AtHomeInTexas.com) but we do have a life beyond real estate. Or at least we try to.
Quite often our personal experiences spill over to our business life. That was the case with a recent walking trip to England I took with my mother and eight other 70 to 80 year old women.
And here I am at the Dallas/Ft. Worth International Airport; in an Irish pub with my Mom, launching in to a walking trip to England with her 70+ year old friends. Honestly, I’m scared. There is no doubt these women will walk circles around me and will be far more prepared, They are seasoned travelers, and I’m sure their suitcases are neatly and deliberately packed. Mine weighs 49.0 pounds -- one pound shy of paying an extra fee at American Airlines.
When we land, six of the nine women meet at the Heathrow airport -- it is an exciting and loud reunion. They sound like my 17 year old daughter and her friends. Everyone is talking at once and reminiscing about the past 15+ years of trips and anticipating the next two weeks together.
I am really excited to be a part of this group. These women are like characters from a story book that my mother has read to us, with each character having her own special story. Nicky, our guide has been leading this group for 19 years. “The American Ladies” so named by Nicky’s sons have gone through life together. They talk about their families, their challenges, their health concerns, their joys. They are a sisterhood and group therapy all rolled in to one beautiful package.
Favorite Gear of the Day: My new pants and jacket from Chicos. Seriously wrinkle-free. I slept in them sitting upright on a nine hour flight and they still look good!
Day 3: “Who signed me up for this?”

There seems to be two distinct groups forming here -- the Walkers and the Strollers. Nicky explains that this will be a challenging walk and those that don’t want to navigate the terrain can walk through the village of Fowey. I’d love to join the Strollers, but my mother is walking and I don’t want to look like a weenie. It’s really cold, windy and rainy. A sheet of rain just came off the harbour and hit us like a car wash. But I have to admit the flowers are beautiful -- wild garlic, primrose and bluebells. Wow.
Again we eat at a pub. I’m loving the fish and chips. The Strollers meet up with us in Fowey for shopping. They are dry and happy and I bet their feet don’t hurt.
Favorite piece of gear-of-the-day: my rain pants. Don’t walk England without them!
Friday, May 15, 2009
WFAA Channel 8 interview with the cast of One Nation Under God
http://www.wfaa.com/video/gmtgeneral-index.html?nvid=361684&noad=yes&shu=1
Monday, May 11, 2009
A good friend of mine sent this to me this morning and even though I didn't think I had time to watch it, I did... and then couldn't stop it until I saw how it ended. Take the time to watch and see how "being validated" can change our world and the people around us! Thanks Linda :-)
http://www.youtube.com/watch?v=Cbk980jV7Ao
Thursday, May 7, 2009
I just received an email from Alicia, a board member from our Homeowners Association. She said my yard has been picked as " Home of the Month". I thought she was pulling my leg...but she is serious. I am so excited! I've always wondered how one aquires such a coveted award. Today I feel like a prom queen! (scoot over Sarah, 1980 Wyoming High School Prom Queen)
There is a point to this enthusiasm.
First Impressions Matter!
When we take a listing, we stress the importance of curb appeal. It's a beauty contest!
Not to sound shallow but what's on the outside usually describes what is on the inside (remember I'm talking about a house, not a person) If your yard is tidy and well kept, it's a pretty safe bet that the inside has been maintained and loved as well.
Have you ever pulled up to a listing with dead plants, overgrown grass and dirty windows? Without stepping into the house, what is your best guess about the condition inside?
I don't know about you, but I would rather buy a house that has been maintained inside and out.
If you're putting your house on the market, remember first impressions are key. Did you know that buyers will decide in the first 3—4 minutes of touring a home whether the property is "right for them"? It is critical to grab the buyers' attention and stand out from the rest! That starts at the street level!
Then de-clutter, de-clutter, de-clutter, paint, patch and clean.
I love to garden and spend time in the yard, thanks to my dad. Today it is paying off.
If you are selling your home, sprucing up your curb appeal will pay off for you too!
Remember...you have to be the prettiest or the cheapest to get a buyer's attention!
Tuesday, May 5, 2009
Today's the Day!
So, back to our goal...we want to be your source for real estate knowledge. Whether it's helping you with the value of your home, trends in the market, area hotspots, relocating to another city or country, or need resources for your home...we want you to check here first and if we don't have an answer, then we'll find it! We are always learning ourselves and are fortunate to work in offices that have a network of experienced agents that share information and knowledge.
Your input is so important to us, so if you're having trouble navigating any of the buttons or searches, please tell us in the "Contact Us' department. We want this to be quick, easy and fun!Check back with us frequently and as you never know what we'll be posting for the day.
Dennie, Dodie and Sarah
Friday, April 17, 2009
River Place Open House - Sunday, April 18, Featuring 14 Homes
