Bank Foreclosure info

http://www.reodev.com/property-for-sale/georgia-dallas-30132-251-moriah-ln/  

Foreclosure Discounts

http://www.dallasnews.com/business/residential-real-estate/20120307-foreclosure-discounts-fuel-dallas-home-price-declines.ece      click this link to read more!

Teas or Bust!!

o be sure, the economic downturn has hit Texas hard.

Texas or Bust!

T

But the state’s economy has performed better than

most, bolstering its attractiveness to outsiders.

Since January 2007, net nonfarm employment in the United

States has decreased by almost seven million jobs. Meanwhile,

Texas added 389,500 jobs. That was about ten times the net job

growth of second-place North Dakota.

Only seven other states (North Dakota, Louisiana, Alaska,

Oklahoma, South Dakota, Wyoming and Nebraska) and the

District of Columbia had increases in nonfarm employment

over the 54-month period through July 2011 (Table 1). Together,

they represented a net increase of about 119,000 jobs, less

than one-fourth the total of Texas’ increase.

Data from the U.S. Census Bureau reveals about half a million

people annually have been relocating to Texas from other

states in recent years. Migrants from foreign countries account

for another 180,000 a year.

What areas are immigrants relocating from? What levels of

income and education do they bring? What sectors of the Texas

economy are employing them? This is the first in a series of

articles addressing these and other questions.

Nine reasons to Invest in TEXAS

hile making presentations across Texas, Real Estate

Nine reasons to invest in Texas!

  W

Center researchers frequently are aware of high-networth

investors in the audience. These people may

live in New York City, Miami or San Diego, but they invest in

Texas real estate.

Why do investors find Texas so attractive?

Let us count the reasons: (1) Texas is leading the United

States in the current economic recovery, (2) Texas’ economy is

big and growing, (3) Texas’ economy is profitable, (4) Texas has

a growing population, (5) Texas’ economy is an international

economy, (6) the tax burden is less in Texas, (7) Texas has an affordable

housing sector, (8) Texans have entrepreneurial spirit,

and (9) Texans are mobile.

Texas Leading Nation

in Economic Recovery

   The Great Recession ended in June 2009, according

to the Business Cycle Dating Committee of the

National Bureau of Economic Research. The committee

noted that “a trough in business activity

occurred in the U.S. economy in June 2009. The

trough marks the end of the recession that began

in December 2007 and the beginning of an expansion.”

The Texas economy suffered less in terms of lost jobs and

outputs in the Great Recession than the nation as a whole

(Figure 1). The duration of the recession, measured by the number

of months of job losses, was shorter for Texas while the

intensity, measured by the highest job loss rate in the trough

month, was smaller for Texas than for the nation.

While the U.S. economy experienced its first month of

job losses in May 2008, Texas continued to create jobs for

eight more months, until January 2009 (Figure 1). The state’s

economy posted job losses for 16 months, from January 2009

to April 2010, compared with 28 months for the nation, from

May 2008 to August 2010. The largest year-on-year annual job

loss rate for the United States was 5.1 percent in August 2009;

it was 4 percent for Texas that month.

The state’s private sector suffered 17 months of job losses

with a trough of 5 percent job loss in August 2009 compared

with 28 months of job losses and a trough of 5.9 percent in

June 2009 for the nation.

Texas’ Economy is Big

and Getting Bigger

   With a gross domestic product (GDP) of more

than $1.2 trillion, Texas’ economy was the 14

th

largest in the world in 2010 (Table 2). It was the

second largest economy in the nation in 2010,

larger than New York’s (Table 3). The state’s GDP

accounted for 8.3 percent of U.S. GDP compared

with 13.1 percent for California and 8 percent for New York.

A growing economy offers more job opportunities and

attracts more population, leading to further growth in the

regional economy. By offering more investment opportunities,

a growing economy can further promote growth and development.

Revenues generated by a growing economy enable local

and state government to impose lower taxes.

Texas’ share of U.S. GDP increased from 7.3 percent in 1997

to 8.3 percent in 2010 (Table 4). The state’s share of total personal

income (wages, salaries, interest and dividend incomes)

generated in the U.S. increased from 6.7 percent to 7.9 percent

during that period

Dallas foreclosures, January report for Dallas Ft. Worth

Foreclosure sales are down apx. 8% from January 2011. Apx. 23% of January Dallas county home sales were foreclosures. Collin county sales only consists of apx 18% foreclosures.

The Waller Group has over 200 foreclosures coming soon in our inventory. If you would like more information on current foreclosures and a free foreclosure search signup at:

http://www.loganwaller.idxco.com/idx/7956/userSignup.php?requestReg=true&reqFrom=results

or view http://www.wallergrouphomes.com/

Waller Group also offers services for investors who would like to take advantage of the foreclosure inventory available. 214.736.1500 to speak with a property specialists today.

Experts Predict US Property Market Will Reach Bottom in 2012

THURSDAY, 22 DECEMBER 2011

Residential property prices in the United States are expected to fall by 1.57% in the fourth quarter of 2011, according to the December Zillow Home Price Expectations Survey.

Prices are forecasted to decline until the market's bottom is reached in late 2012 or early 2013. After 2013, the panelists expect a relatively steady annual appreciation rate of roughly 3% through to 2016, which is slightly below appreciation rates experienced during the pre-bubble years.

There is a consensus among the nation's top housing experts that we have not yet reached a bottom and are instead working through a prolonged bottoming process. Negative equity, unemployment and low consumer confidence remain the key factors delaying a true recovery,’ said Stan Humphries, Zillow chief economist.

This report suggests that the trend of eroding expectations for a housing market recovery has come to a halt. This is encouraging, but the average survey data are still consistent with a sluggish recovery scenario where eventual price increases will be less than those thought of as normal during the years preceding the national housing bubble,’ said Terry Loebs, founder of Pulsenomics, the firm that conducts the survey for Zillow.

Looking at the expected housing market performance through the five year period ending in 2016, there continues to be significant variation among the panelists regarding their individual home price forecasts. The most optimistic quartile of panelists projects nearly 18.3% price growth over the next five years, while the most pessimistic quartile projects a 1.4% decline.

Given the current economic climate and uncertainty around the government's future role in housing, it's not surprising to see such a wide dispersion in long term forecasts. As the market starts to stabilize, we should see individual forecasts start to converge,’ explained Humphries.

In the December survey, the panelists also offered their views on last month's increase to loan limits for Federal Housing Administration (FHA) mortgages, as well as their assessments of the likelihood that the FHA would require a federal government bailout within the next two years.

Among other findings on these matters, the panelists were almost equally split on the loan limit increase, with 51% opposed and 49% in favour of it. Some 28% of the 91 panelists who expressed a view indicated the likelihood of a bailout of the FHA by the federal government within the coming two years as high or very high.

The survey panel included a diverse group of economists, real estate experts, and investment and market strategists. The survey is based on the projected path of the S&P/Case-Shiller US National Home Price Index over the coming five years.

http://www.propertywire.com/news/north-america/us-real-estate-outlook-201112225905.html

CNN Money: Best Places To Be a Landlord

Based on home prices, area economy and rents, and ranked by job growth, per Local Market Monitor:

 

1. Houston 2.5% Annual job growth:

Projected 3-year rent increase: 18%
Q2 home price: $174,000
Current monthly rent: $818

2. Grand Rapids 2.4% Annual job growth:

Projected 3-year rent increase: 15%
Q2 home price: $128,000
Current monthly rent: $636

3. Rochester, N.Y. 2.3% Annual job growth:

Projected 3-year rent increase: 25%
Q2 home price: $148,000
Current monthly rent: $785

4. Dallas 2.2% Annual job growth:

Projected 3-year rent increase: 16%
Q2 home price: $166,000
Current monthly rent: $877

5. Tulsa 1.8% Annual job growth:

Projected 3-year rent increase: 19%
Q2 home price: $146,000
Current monthly rent: $671

By Carolyn Bigda, Beth Braverman, Kim Clark, Donna Rosato and Tali Yahalom