Real Estate Information

Good Monday Morning to you!

The Autumn weather the last few days has been beautiful, and it looks like this week will offer the same.

See link below for this week's video update.

Remember these sites:

www.TheFallsHomeFinder.com - For Buyers

www.TexomaHomeValue.com - For Sellers

www.TalkRealty.com/AshtonGustafson - Market Update

If I can serve you or anyone you may know this week, please let me know.

"Many of life's failures are people who did not realize how close they were to success when they gave up." Thomas Edison

Rates have risen slightly in the past week along with the stock market. You will see the current rate chart from a local lender today. The ten year Treasury is now trading just below 3.5%, up from the 3.2 % range last week which has caused rates to move upward.  It seems that when news about the current economy is positive, rates move upward.  They are still near all time lows as you will see on one of the charts I have attached.  As the economist have said, “don’t let interest rates stand in the way of purchasing a home”.
 
Have a good weekend. Let me know if I can serve or answer any questions.
 

Rates as of 10-16-09
Conventional
30 yr fixed  4.875%     .75 + 0   (740 fico, >$125,000 loan amount)
                5.000%     .25 + 0   (740 fico, >$125,000 loan amount)
                5.125%         1 + 0  (740 fico, >$125,000 loan amount)
 
15 yr fixed       4.500%      0 + 0   (740 fico, >$125,000 loan amount)
 
FHA                5.250%       0+0    (640 fico, >$120,000 loan amount)
 

Ashton Gustafson

www.TexomaHomeSource.com - Info

www.TheFallsHomeFinder.com - For Buyers

www.TexomaHomeValue.com - For Sellers

Great news was released today for Wichita Falls and Sheppard Air Force Base - congress moved today to give American service members another 12 months to claim the popular 1st Time Home Buyer Tax incentive. Still has to pass Senate and be passed by Obama - but a great opportunity for buyers moving our way.

See link for article. http://www.usnews.com/money/blogs/the-home-front/2009/10/8/house-votes-to-extend-first-time-home-buyer-tax-credit-for-service-members.html

When was the last time 100 people stopped by your office or store in one hour’s time?  With the average attendance at the Business Expo, it’s very likely that this many potential customers will be able to check out your products and services at the… 
Chamber Business Expo
Friday, October 30 at the MPEC.
This year’s Expo offers the best of everything – reaching both businesses and consumers!  Opportunities to reach new customers and clients abound, and it’s a great way to show off your products and services! Selling is allowed from booths, too! 
It’s only weeks away!
Get your booth space now before we sell out!
 

“Scare Up Some Business” at the 2009 Business Expo with a Halloween theme!
 
Booth rental fees are $250 to $375.
There are only 20 booths left!
See the attached map for details!
 
 
Contact The Chamber Office for details!
900 Eighth Street
PO Box 1860
Wichita Falls, TX  76307
723-2741
e-mail:  ewaite@wf.net

A mark in the win column is always good!  But great it was as MSU Athletics racked up big wins across the board this past weekend.   Midwestern State's Vjekoslav Stipanic and Bo Ziputovic claimed the 2009 Wilson/ITA South Central Men's Doubles' Championship.  The Lady Mustangs soccer team extended its regular season unbeaten streak to 17 matches, with a 1-0 overtime win over Texas A&M Commerce.  The men’s soccer team extended its regular season unbeaten streak to 18 with a 4-1 win over St. Edwards University.  Women’s cross country finished fourth overall in the small college/junior college division, ahead of all NCAA Division II competitors in the 26-team field.  Mustangs volleyball has now won four of its last six matches with a win over Texas A&M- International, and the #23 ranked MSU football team  enjoyed a big win over West Texas A&M 31-19. For complete stories and all the latest in MSU athletics, visit www.mustangsathletics.com.

Good Monday morning to you!

Looks like Fall is starting to creep its way into Texoma this morning. The weather forecast also anticipates much needed rain - we can never say no to the rain here in North Texas.

What about the Real Estate forecast???? Many of you have called and emailed me with questions in regards to where the market is headed. While I do not have a Real Estate "radar", I do know where the market is today - and that answer is good.

The first time home buyer tax credit is set to expire on November 30. If you are looking to get this tax credit, we need to be looking asap. See www.TheFallsHomeFinder.com to make a "favorites" list and let me know when a good time for you to look is. The market is already getting tough in the ranges where these buyers are looking.

Also, interest rates are at historical lows. This is very important to remember, and often overlooked. The reality is, each time the rates increase, your purchasing power decreases - so today, you can afford more than you can tomorrow. The chart below will show you just how attractive these rates are - historically speaking.

We have also seen great results lately on the selling side here at the Bishop Group. There's no doubt its tough out there, but in this down market we are ahead of where we were a year ago.

Please let me know if there is anything I can do for you or anyone you may know this week...I'm here to help.

Make it a great week.

"You will find the key to success under the alarm clock." Ben Franklin

Good Monday morning to you!

Interest rates had a favorable decline this week, which continues to make this a great time to be in the market. I saw numerous local lenders with 30 and 15 year FIXED rates at below 5% - these figures are historically low, and will not last forever.

Have you ever thought about investing in Real Estate? In an area where Real Estate is so affordable, you can purchase a small home, rent it out, and own it free and clear faster than you may realize. If this is something that you would like to discuss, please call me to set up a consultation appointment. Get a jump on the market now @ www.TheFallsHomeFinder.com.

Thinking of selling and wondering what your home would bring in today's economic climate? Remember, www.TexomaHomeValue.com. Here we'll provide you with a market analysis within 24-48 hours of you submitting your request.
If I can serve you or anyone you may know this week, please let me know - I'm here to help.

Forecast says Wichita Falls will be in Top 10 for Home Price Performance in ‘09
By admin • September 11th, 2009
 
Need evidence that Wichita Falls is a great place to buy a home?  Curious just what others really think about the Wichita Falls real estate market?
 
Check this out…just released from Local Market Monitor:
 
“According to the forecast, among the largest US markets—identified as those with populations greater than 600,000—the 10 markets with the best expected performance in home price are:
 
Baton Rouge, LA
Buffalo-Niagara Falls, NY
Dallas-Plano-Irving, TX
Fort Worth-Arlington, TX
Houston-Sugar Land-Baytown, TX
Little Rock-North Little Rock-Conway, AR
Omaha-Council Bluffs, NE-IA
Pittsburgh, PA
San Antonio, TX
Syracuse, NY
Wichita Falls, TX
 
These top markets, where home values are expected to remain level, are among those markets that did not have a big housing boom and have had relatively small job losses over the past year.”
 
here’s the link:
http://tinyurl.com/kqhmhy
 
also reported in the Dallas Morning News:
http://www.dallasnews.com/sharedcontent/dws/classifieds/news/homecenter/realestate/stories/091009dnbusTophome.1636dbf23.html
 
We are excited about the news, but not surprised!
 

The folks at the Munir Abdul Lalani Center for Entrepreneurship and Free Enterprise in the Dillard College of Business Administration at Midwestern State University, along with the support of the city’s business sector, have come up with a plan — i.d.e.a.wf (imagine/design/engage/act) — to help someone achieve his or her dream of starting his or her own business.  The competition is open to anyone, anywhere, who wants to start a business, or even expand an existing business in Wichita Falls.  To be eligible, the entrepreneur must agree to be located in Wichita Falls for at least three years.  Also, the business must project that more than 75 percent of its revenue will come from outside of Wichita, Archer, and Clay counties, and that it must create at least five new jobs.  The first-place winner will receive $5,000 in cash and $15,000 in in-kind services, such as legal, accounting, marketing, and Web design.  For a complete story, click on http://news.mwsu.edu/dream.

Good Monday morning to you and Happy Labor Day!

Its hard to believe that we are now 2/3 into 2009. 1st Time Home Buyers now have roughly 90 days to find a home and close before the Tax Credit expires. I saw rates this week hit 5.25% FIXED for 30 Years with local lenders this week - its time to capitalize on this opportunity.

And don't forget my Stimulus Package for buyers! I have negotiated discounts with numerous local vendors to make your next move affordable and stress free. Call or email me if you would like more details.

I hope you and yours have a great Labor Day Holiday - and if you're free this Thursday from 5:30 - 7:00, Kevin Rhine and I will be playing the Summer Music Series @ The Museum at Sikes Lake - should be a great time!

Need quick answers in regards to Real Estate? Remember these sites:

www.TheFallsHomeFinder.com - For Buyers

www.TexomaHomeValue.com - For Sellers

www.TexasBankOwned.com - Foreclosed Properties

www.talkrealty.com/AshtonGustafson - Market Update

"Never will I be of concern that my goals are too high, for it is it not better to aim my spear at the moon and strike only an eagle than to aim my spear at the eagle and strike only a rock?" Og Mandino