Wednesday, 01/07/2009

Surge in First Time Home Buyers

The NAR and HouseHunt, Inc. reported first time home buyers make up 41% - 50% of the buyers on the market today! It's no wonder. First time home buyers do not have a home to sell before they purchase. Apartment complexes are averaging 92% occupancy. Lease rates are high (which is the normal economics of a buyer's market) and mortgage rates are at historic lows. Add to that rebate programs like mine and first time buyers are getting record deals!

The information was released at the 2008 NAR convention in Orlando. Read the entire NAR press release here.

Search for Homes on Your Mobile Device

Have you ever been out looking at homes, found one you like but there's no information available at the property? Now you can find that information or just search for homes on your mobile device.

Buyer Rebate Program

This is most likely the best news yet for buyers. When the seller's agent/broker pays me a 3% commission on the sale of any home, townhouse or condominium and I represent you as your buyer's agent, I'll give you up to 1/3 of my commission to help you with your closing costs!* Alternatively, the buyers may wish for me to donate that 1% to a non-profit organization. Either way, it's a win-win program.

Pre-Owned S.F.Home Sales up 2%

DFW Single Family home resales are up slightly at 2% over last year - Condo and townhome resales are down 13% over the same period.

Higher Gas Prices Stimulate More Urban Renewal

More and more news organizations across this nation are reporting how issues like high gas prices, environmental concerns and gridlock on our roadways are drawing people back to the city for housing. Instead of the urban blight that dominated back in the 80’s, people are discovering luxury style townhomes, condos and high-rises with features like granite countertops, stainless steel appliances, hardwood floors and fantastic views of the city.

Cities that are investing millions into light rail systems, like Dallas and Denver, are experiencing a high rate of revitalization in and around the urban core. I've been watching the growth here ever since my partner and I moved to Uptown in 2001. We love living in the city. Life here means you’re within walking, biking or transit distance to entertainment, restaurants, shopping, gyms, exercise trails, you name it.

CNN Article

WFAA Article

WSJ Article

Urban Market Success

Dallas' only grocery store in the city center is alive and well.

DART Light Rail Line Expansion

The new DART Green Line is a 28-mile, 1.8 billion dollar project and is currently the largest light rail expansion in the US serving the fastest growing region in the US.

You can read more about the DART Green Line and search for properties near the stations here.

Relocation Information

Relocating to Dallas or just moving across town? Be sure to check out the recently updated Community and Relocation Page for information about city, school, utility, restaurant, home improvement, shopping, government, health, etc. There are 263 links so far and counting.

Rich Patterson

REALTOR®
The Michael Group
(214) 563-1667 mobile
(214) 853-9497 fax

Send Email

Buyer Information

• Buyer Rebate Program
• MLS QUICK SEARCH
  No Registration Required
• FOR SALE IN DALLAS
  Common MLS Searches
  No Registration Required
• High Rise Properties
• Free Information for
  BUYERS
• RELOCATION Information
  Community, Schools, Health, Utilities, Etc.
• Credit & Scoring
• Mortgage & Lending
• Homes For Sale
  Near the Katy Trail
• DART Green Line
• DART Red Line
• DART Blue Line
• Downtown DART Stations
• Payment Calculator
• Glossary of
  Real Estate Terms

Seller Information

• Free Information for
  SELLERS
• Seller Tips & FAQ
• Internet Marketing
• PiXLClear HD Tours
• 1% Listing Agent Commission
• Home Value Report (Free)
• Glossary of
  Real Estate Terms

Community Pages

• RELOCATION Information
  Community, Schools, Health, Utilities, Etc.
• DART Rail Expansion - Phase 1

About Rich Patterson

• Contact
• Bio & Testimonials
• Mission and Pledge