Phillip Owens

2 Story For Sale in High Point Ranch

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Where Luxary & Country Meet!

• 4,350 sq. ft., 3 bath, 4 bdrm 2 story - MLS® $498,000 USD - Reduced $15k + $2k bonus!

High Point Ranch, Rockwall - The best of Country living meets the best in Luxury Lifestyle
This Beautiful Custom Home in High Point Ranch boasts 4600 sq.ft. With 4 beds, 3.5 baths, Over sized 3 car garage, 3 Living areas and Huge utility room. Some amenities include Game room, Media room, Wood floors and Cabinets. Theres so much more!!! The average lot size in the community is 2 acres, this home sits on 4 total, much of it with heavily, matured trees! Complete with a beautiful, stocked, private pond! Bring your horses! This is the lifestyle you've dreamed of in the County you've read about!
High Point is perfectly located, less than 15 minutes from Rockwall or Forney and less than 40 minutes from Dallas. *** No City Taxes *** Come see Rockwall Countys best kept secret!!!!

Just Reduced $15,000 and seller is offering a $2000.00 Buyers bonus - Call for details

From 1998 - 2006, My family and I called South Florida, home. There have been very few times in my life I've felt I was in the right place at the right time. Miami for us was the epitome of timing. Year after year, from 2002 - 2006 we experienced appreciation on our investment homes the like of something I am not sure we will ever experience again.

We now live in Rockwall County, TX. The sixth fastest growing county in the country as reported by Forbes.com. While I do not believe it will be like what we experienced in South Florida, the growth here is explosive and is remarkably similar. It is my believe we are once again in the right place at the right time!

Now that I am officially a resident of Rockwall County and a Texas realtor, it is my goal to help combat all the negative press the real estate market is receiving and provide the optimistic facts. Here is another great piece of information I would like to share that I recently came across..

10 Fastest Growing U.S. Cities

The fast-growing areas in the United States are in the Sunbelt, with Texas leading the way, according to data released today by the U.S. Census Bureau.

Dallas-Fort Worth added more than 162,000 residents between July 2006 and July 2007, more than any other metro area. Three other Texas cities - Houston, Austin, and San Antonio - also were in the top 10.

Experts credit much of the growth in the South to strong local economies and housing prices that are among the most affordable in the United States.

A report earlier this month by Global Insight found that housing prices in the Dallas area were undervalued by as much as 30 percent.

Other areas experiencing growth included the New Orleans area, which is recovering from Hurricane Katrina and grew by 4 percent or nearly 40,000 people. During the same survey last year, the population of New Orleans dropped by nearly 290,000 people.

Meanwhile, Detroit lost more than three times as many people as any other metro area - its population declined more than 27,300. Other areas losing more than 5,000 people were Pittsburgh, Cleveland, Columbus, Ga., Youngstown, Ohio, and Buffalo, N.Y.

The 10 biggest gainers:

1. Dallas-Fort Worth-Arlington, Texas: 162,250
2. Atlanta-Sandy Springs-Marietta, Ga.: 151,063
3. Phoenix-Mesa-Scottsdale, Ariz.: 132,513
4. Houston-Sugar Land-Baytown, Texas: 120,544
5. Riverside-San Bernardino-Ontario, Calif.: 86,660
6. Charlotte-Gastonia-Concord, N.C.-S.C.: 66,724
7. Chicago-Naperville-Joliet, Ill.-Ind.-Wis.: 66,231
8. Austin-Round Rock, Texas: 65,880
9. Las Vegas-Paradise, Nev.: 59,165
10. San Antonio, Texas: 53,925

1. Palm Coast, Fla.: 7.2 percent
2. St. George, Utah: 5.1 percent
3. Raleigh-Cary, N.C.: 4.7 percent
4. Gainesville, Ga.: 4.5 percent
5. Austin-Round Rock, Texas: 4.3 percent
6. Myrtle Beach-Conway-N.C.-Myrtle Beach, S.C.: 4.2 percent
7. Charlotte-Gastonia-Concord, N.C.-S.C.: 4.2 percent
8. New Orleans-Metairie-Kenner, La.: 4 percent
9. Grand Junction, Colo.: 3.7 percent
10. Clarksville, Tenn.-Ky.: 3.7 percent

Dallas is the fastest growing city in the country!

The fast-growing areas in the United States are in the Sunbelt, with Texas leading the way, according to data released today by the U.S. Census Bureau.

Dallas-Fort Worth added more than 162,000 residents between July 2006 and July 2007, more than any other metro area. Three other Texas cities - Houston, Austin, and San Antonio - also were in the top 10.

Experts credit much of the growth in the South to strong local economies and housing prices that are among the most affordable in the United States.

A report earlier this month by Global Insight found that housing prices in the Dallas area were undervalued by as much as 30 percent.

The coming months represent a excellent opportunity for both buyers and sellers. Rates are still near 20 year lows, Dallas was named the 4th most stable housing market in the country by Forbes.com and future job growth is among the best in the country.

If you are property owner in Texas or planning to be, you have many reasons to feel good about owning Texas Real Estate!

As a realtor who actively tries to battle the doom and gloom on a day to day basis, compliments of the media, I LOVE WHEN A REPUTIPLE, NATONAL NEWS SOURCE PROVIDES A POSATIVE STORY LIKE THIS ABOUT OUR VERY OWN MARKET. I believe it is crucial to know this as a agent, furthermore, I believe you need to tell everyone involved in real estate, in any capacity, the positive facts about our solid housing market here in Dallas and the Metroplex. This is content I found on 3/11/08 on CNNMONEY.COM, It is must read information...

Home prices have dropped so quickly and so far that valuations - the difference between what a home should cost and its actual price - are the lowest they've been since 2004, according to a report.

The Cleveland-based bank National City Corp. (NCC, Fortune 500), together with financial analysis firm Global Insight, revealed Tuesday that more than 88% of the 330 housing markets surveyed showed price declines and improved affordability during the last three months of 2007.

"Housing valuations are almost back to long-term norms," said National City's chief economist, Richard DeKaser. He called current affordability "the best in the past four years."

But DeKaser cautioned that home prices could fall even further.

"This isn't to say home price declines are over," he said. "We could move below historic norms. By the end of 2008, housing markets could be broadly under valued."

There are still 21 housing markets, or 6% of those surveyed, that are severely over valued, including Atlantic City and Madera, Calif. That's down from 56 overvalued markets at the peak of the housing bubble in 2006.

The report compares actual median home prices with what the authors determine are proper home values based on population density, relative income levels and interest rates, as well as historically observed market premiums or discounts, to determine whether markets are over or under valued.

The report also factors in market intangibles that make some areas more desirable places to live, and more expensive.

"Declines are no longer confined to once-frothy markets," said DeKaser.

The survey covered home valuations during the last three months of 2007, but DeKaser pointed out there's reason to believe that valuations are even more favorable for buyers today.

Price declines have continued into 2008 and interest rates, although they have inched up lately, have been steady or lower compared to late last year. There have even been wage gains; personal income rose 0.5% in December. Soaring foreclosure rates have added inventory to many housing markets, depressing home prices further.

The biggest gains in affordability occurred in California, Michigan and Florida, which are areas that have also been some of the hardest hit by foreclosures. Those states registered 43 of the 50 biggest price declines.

Bend, Ore. currently tops the overvaluation list. Home prices there were judged to be about 59% higher than their fair-market value. Miami, despite a median home price decline of 5.7% last year, is the most overvalued big city, by 44%.

All the best bargains were found in Louisiana and Texas. Houses in Houma, La. were under valued by 31.2%, according to the report. Dallas was the most undervalued big city, by 30%.

I can give you over a dozen facts that should make you feel very happy you own or will own Dallas Real Estate!

My family and I moved here from South Florida a little over a year ago.

After years of struggling with city living and over priced housing it was time to find a new place to call home. A place where people are friendly, housing is extremely affordable, public schools are among the best in the state and the housing/job market is stable with a strong forecast for the future. Rockwall is that place, we love it and it is our new home. Now really is a good time and the coming months represent an excellent window of opportunity for both buyers and sellers:

* Forbes.com named Rockwall the 6^th fastest growing County in the USA, Again!

* Forbes.com says Dallas and the Metroplex rank 4th as the most stable

housing market in the nation

* CNNMoney.com placed Rockwall # 22 of the top 25 counties in the Nation for job

Growth from 2000 - 2006. (37.4%)

* According to CNNMoney.com the Dallas/Metroplex real estate market

is as much as 16% under priced compared to the rest of the Nation

* Forbes.com Projects a 5.45% appreciation in home prices for 2008

* Rockwall boasts one of the lowest tax rates in all the Dallas/Metroplex

* Rockwall ISD is among the best in all of Texas

* Location, Location, Location, Rockwall is 22 freeway miles from Dallas

* While much of the Country is still experiencing home depreciation, Dallas and

Rockwall in particular continue to experience amazing growth and steady appreciation

* Interest rates continue to be near all time lows, with good chance they will drop again!

* 2007 will go in the history books as only the eighth time in the past 37 years

mortgage rates were below 7%.

*Texas is now the #1 state in the entire country for real estate investment.