DFW Urban Realty

Plano, Texas was recently ranked #4 out of the top 10 fastest selling market in the U.S. Check out the recent statistics below. On average, homes selling in the 75075 zipcode are taking 75 days to sell. The median home price is around $185,589.

If you are interested in learning more about the Plano Texas Real Estate Market, contact DFW Urban Realty today! We have Plano Realtors specializing in both commercial and residential real estate.

The 10 Fastest-Selling Housing Markets in the U.S.

1. Sunnyvale, Calif. 94087
Days on the Market (DOM): 66 days
Median Price: $1.031 million
Annual Asking Price Change: -0.4%
Annual DOM Change: 46.6%

2. Austin, Tex. 78749
Days on the Market (DOM): 68 days
Median Price: $250,693
Annual Asking Price Change: -0.9%
Annual DOM Change: 19.0%

3. San Diego, Calif. 92131
Days on the Market (DOM): 70 days
Median Price: $771,025
Annual Asking Price Change: -9.7%
Annual DOM Change: 14.7%

4. Plano, Tex. 75075
Days on the Market (DOM): 75 days
Median Price: $185,589
Annual Asking Price Change: -2.8%
Annual DOM Change: 9.9%

5. Portland, Ore. 97202
Days on the Market (DOM): 77 days
Median Price: $395,877
Annual Asking Price Change: -1.1%
Annual DOM Change: 27.7%

6. Houston, Tex. 77094
Days on the Market (DOM): 77 days
Median Price: $351,803
Annual Asking Price Change: 6.7%
Annual DOM Change: 13.7%

7. Wakefield, Mass. 01880
Days on the Market (DOM): 79 days
Median Price: $429,485
Annual Asking Price Change: -7.3%
Annual DOM Change: 3.7%

8. Seattle, Wash. 98117
Days on the Market (DOM): 86 days
Median Price: $535,020
Annual Asking Price Change: -0.9%
Annual DOM Change: 34.2%

9. Littleton, Colo. 80130
Days on the Market (DOM): 90 days
Median Price: $378,420
Annual Asking Price Change: 6.6%
Annual DOM Change: 79.9%

10. Atlanta, Ga. 30340
Days on the Market (DOM): 91 days
Median Price: $217,285
Annual Asking Price Change: 5.5%
Annual DOM Change: 21.9%


For More information on this report, please visit wikimedia.org

For more information on housing options in Plano, please contact one of our Plano Realtors. Our Plano Real Estate Agents specialize in buying and selling Plano Homes, Plano Condos, Plano Townhomes.

Everyone will agree that American is now facing some of the most difficult times since the great depression. Republicans and Democrats alike are pointing fingers in hopes of steering the vote and gaining public support. Recently Fannie Mae and Freddie Mac lost control and as a result the government had to step in and initiate yet another bail out. Many are asking, "How did we get to this point?" "Why is our economy on the brink of failing and sending us into another recession?

Steven Holmes, a writer for the New York Times, may have been right on the money with his article entitled, "Fannie Mae Eases Credit to Aid Mortgage Lending" written on Sept 30th, 1999.

Where do you place the blame for the current economic crisis and need for a $700 billion dollar government bail out program? Are you for a government bailout or against? Will the $700 billion dollar bailout create another catostrophic crisis down the road? These are just a few questions many Americans are asking as uncertainty increases and consumer confindence continues to fall.

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Fannie Mae Eases Credit To Aid Mortgage Lending

By STEVEN A. HOLMES

Published: September 30, 1999

In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.

The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.

Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.

In addition, banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so-called subprime borrowers. These borrowers whose incomes, credit ratings and savings are not good enough to qualify for conventional loans, can only get loans from finance companies that charge much higher interest rates -- anywhere from three to four percentage points higher than conventional loans.

''Fannie Mae has expanded home ownership for millions of families in the 1990's by reducing down payment requirements,'' said Franklin D. Raines, Fannie Mae's chairman and chief executive officer. ''Yet there remain too many borrowers whose credit is just a notch below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market.''
Demographic information on these borrowers is sketchy. But at least one study indicates that 18 percent of the loans in the subprime market went to black borrowers, compared to 5 per cent of loans in the conventional loan market.

In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's.

Read Full Article Here: New York Times Article - Fannie Mae Eases Credit to Aid Mortgage Lending

Many are questioning whether the October 1st ban on FHA down payment assistance programs is good for business. Seller funded gifts have allowed many families with little or no money in the bank an opportunity to enjoy the benefits of homeownership. Many claim that these types of DPA programs inflate home prices and have contributed to our currrent foreclosure epidemic. Congress is now considering alternative options for FHA down-payment assistance programs that might provide a better solution than terminating the program altogether.

One of the proposals is to allow borrowers with credit scores of 680 or above to use seller-funded down-payment assistance on FHA backed loans. Credit Scores between 620-680 would be subject to higher insurance premium fees and borrowers with scores below 620 would be excluded from participation.

One thing is certain, if these types of programs are abandoned, home sales and lending options will decrease for first time home buyers.

For more details on FHA Downpayment Assistance Programs and new government proposals, please visit:

Dallas Home Buyer Assistance Programs

FHA Down Payment Assistant Program Proposals

Dallas Fort Worth Real Estate
Fort Worth Real Estate
Dallas Real Estate

In the midst of a national foreclosure crisis, North Dallas Real Estate continues to appreciate in most areas and show signs of growth. New Construction and Pre Owned North Dallas Homes For sale have been receiving a significant amount of traffic coming into the summer season. Owners have been able to secure a reasonable sales price on their current investment which has allowed a smoother transition into their new home. If you are able to make a move, now is an excellent time with the current buyer's market offering historically low interest rates and a large pool of housing inventory to choose from.

Of course, no market is immune to the foreclosure epidemic which has spread throughout the nation. If you are an investor looking for a bargain, Carrollton Real Estate, Plano Real Estate, Addison Real Estate and Richardson Real Estate offer excellent opportunities to build your investment portfolio. Although these areas on average have held strong through the mortgage crisis, there are many VA, FHA and Bank Foreclosures that could potentially be your diamond in the rough. Many investors are buying up foreclosures in these areas and converting into rental income hoping to ride the market into appreciation down the road. With rental occupancy rates on the rise, this seems to be a very good strategy. North Dallas Apartments and Homes being leased by individual owners are in high demand which allows a unique opportunity to capitalize on rental investment properties.

For More Information on the North Dallas Real Estate Market and to search available properties, visit North Dallas Real Estate or just click below to search North Dallas Condos/Townhomes, North Dallas Homes, or North Dallas Apartments

Turtle Creek Real Estate Tour

Experience the luxury of Turtle Creek. The Turtle Creek Association is hosting its 8th Annual Turtle Creek Hour Tour on May 4th from 1:00-5:00p.m. The tour will highlight four Luxury Turtle Creek Highrises and one townhome located in the Turtle Creek area. The public is invited to check out the ritzy and luxurious ambiance offered by the Turtle Creek Lifestyle. Funds raised by the tour will be applied toward the Master Plan Vision developed by TCA and to preserve and protect area parks, creeks, landscaping and infrastructure. Refreshments will be provided at 3000 Turtle Creek Blvd, a 200 million dollar development by Hyatt. The property will feature 273 residences, four resaurants, cocktail lounge, indoor heated pool, exercise room, beauty salon, library, art gallery, and a spa all located on a acre site. Turtle Creek Real Estate offers beautiful landscaping, eclectic design, and architecturally significant homes.

Turtle Creek Real Estate Featured in Home Tour: (click to view properties for sale)

The Plaza at Turtle Creek I - 3535 Gillespie

The Goldcrest - 3601 Turtle Creek

3525 Turtle Creek

The Vendome - 3505 Turtle Creek

Place Des Vosges - The Place des Vosges is a 16 residence community in Dallas located off Turtle Creek Boulevard. The residential community was named after the Place des Vosges in Paris, which was originally constructed by King Henry IV in the 17th Century. The structure is an early example of urban community design with a symmetrical square surrounded by buildings with red brick and white stone. Other features include slate roofs and dorm windows. The Place des Vosges features a park within an interior common area surrounded by a wall with 24 hour onsite security. For more information, visit Place Des Vosges Dallas

For More Information on this Tour, please contact DFW Urban Realty