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Home Sales Up in October!
Posted on 11. Nov, 2009 by toniarney.
(DFW) - North Texas preowned home sales surged in October — up 11 percent from a year ago. It was the first double-digit gain in more than a year. Real estate agents sold more than 6,300 single-family homes last month through the Multiple Listing Service, according to numbers released by the Real Estate Center at Texas A&M [...]
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First Time Home Buyer Tax Credit Extended!
Posted on 06. Nov, 2009 by toniarney.
WASHINGTON (Bloomberg News, Associated Press) – The Senate and the House have approved extending the first-time homebuyer tax credit, settling on an April 30 close date and expanding it to benefit more homebuyers. The plan, which had not been signed by President Obama as of this morning, would allow couples earning up to $225,000 a [...]
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D/FW Growth in a Recession
Posted on 05. Nov, 2009 by toniarney.
U.S. Census Bureau’s annual American Community Survey, a broad sampling of economic and other information, provides a snapshot of the nation. The survey is separate from the decennial headcount. Prevailing wisdom holds that North Texas — buoyed by diverse industry, immigration and relatively stable home prices — has withstood the downturn better than most. In fact, [...]
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Real Estate “Red Zone”
Posted on 03. Nov, 2009 by toniarney.
COLLEGE STATION (Real Estate Center) – What can Realtors, homebuyers, home sellers and out-of-state investors expect in the coming year? We asked Dr. Mark Dotzour, and he told us. Check out our 12-minute interview with the Center’s chief economist on this week’s Real Estate Red Zone podcast. Also, Edie Craig talks about major happenings in [...]
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East Dallas “Urban Neighborhoods”
Posted on 02. Nov, 2009 by toniarney.
Dallas) – At the corner of Belmont and Bennett avenues, developers have built an urban neighborhood. United Dominion Realty’s 465-unit Belmont apartment community occupies almost four blocks between Fitzhugh and Henderson avenues just east of North Central Expy. A month’s rent ranges between $800 and $2,000. Next door, Phoenix Property’s new 182-unit Eastwood apartments are at [...]
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Pulte Homes to Acquire Centex Homes
Posted on 30. Oct, 2009 by toniarney.
DALLAS (Dallas Business Journal) – Shareholders for homebuilders Centex Corp. and Pulte Homes Inc. have approved a merger of the two companies. Michigan-based Pulte will acquire Dallas-based Centex, according to a source who attended the shareholders’ vote on Tuesday. Pulte shareholders will own 68 percent of the merged company; Centex shareholders will own 32 percent. [...]
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Terrell TIF Development
Posted on 28. Oct, 2009 by toniarney.
TERRELL (Dallas Business Journal) – The City of Terrell has approved $1 billion in tax increment financing (TIF) for five developer-partners to develop 4.7 million sf of retail and commercial space — including a hospital — on 4,500 acres. The Baylor Health Care System, Terrell Market Center, Oakmont Capital Group, Fulton Anderson and Terrell Wally [...]
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North Texas TIF (Tax Increment Financing) District
Posted on 27. Oct, 2009 by toniarney.
DALLAS (Prescott Realty Group) – The city recently approved its first TIF district focused on multistation transit-oriented development. The new TIF includes 559 acres in addition to public rights-of-way. It stretches from the Lovers Lane and Mockingbird area along the DART rail line to the Lancaster and VA Medical Center region. The district will have [...]
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Homeowner Tax/Prop 2 & 3
Posted on 23. Oct, 2009 by toniarney.
We Need Your Vote on November 3rd. On November 3rd, there will be Propositions 2, and 3 allowing the State of Texas to start taxing Residential Homeowners. So if you own a home, and these laws are passed, you will be taxed by the State. PLEASE VOTE “NO” to Proposition 2 and 3 (HJR 36) [...]
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Possible Property Tax Deception
Posted on 23. Oct, 2009 by toniarney.
FORT WORTH (Fort Worth Star-Telegram) – At least 1,000 Tarrant County homeowners have paid a Chicago-based company for help with property tax exemptions — a service provided free by the Tarrant Appraisal District (TAD). The company, Property Tax Assessor Records Corp., mails homeowners an application form that can be acquired from and submitted to TAD for free, [...]
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