The Ever Changing Dallas-Ft Worth, Our New Freeways by 2016
Population 2010 - 6.6 million
Population 2016 - 7.4 million
4th Largest Population Center in USA
550,000 more vehicles by 2016
• DFW Connector Funnel - North of DFW Airport
• Grapevine, Irving, Coppell
• Now under construction, completion 2014
• Hwy 114, Hwy 121
• 6 -8 free lanes, 4 toll lanes, 6 frontage lanes
• LBJ Frwy from Luna to Central Exprwy
• Farmers Branch, Addison, Richardson, North Dallas
• Construction to begin 2011; completion 2016
• 8 free lanes, 6 toll lanes, 6 frontage lanes
• One of the busiest freeways in the USA - massive project
• "Double decking freeway"
• Bush Turnpike Extension
• Garland, Rowlett, Rockwall, Mesquite
• Under Construction, Completion 2011
• 6 toll lanes, with toll booth over Lake Ray Hubbard
• Opening 2011 at I-30
• North Tarrant Express
• Irving, Northeast Tarrant County, North Ft Worth
• Hwys 183, 121, 820
• Construction begins 2010, completion 2015
• 6 free lanes, 4 toll lanes, 4 HOV lanes, plus frontage lanes
• Hwy 161 Final Segment
• Irving, Grand Prairie, Arlington
• Under Construction; Completion 2012
• 8 toll lanes; frontage roads now open
Home Buyers Hurry to Take Advantage of Tax Credit Before It Ends
Don't Let the Home Buyer Tax Credit Slip Away
Even current home owners are racing the clock, hoping to find and settle, or at least sign a purchase agreement, on a house before the $6,500 tax credit for qualified repeat home buyers expires April 30, 2010.
According to many current homeowners, it will help make expenses associated with the move ‘a wash.' It will help with moving costs, and with getting their current house ready for sale.
Current homeowners buying a house between Nov. 7, 2009, and April 30 and who have used the home being sold or vacated as a principal residence for five consecutive years within the last eight can qualify for the $6,500. It seems less is known about the repeat buyer credit. This incentive was added when the original $8,000 tax credit for qualified first-time buyers, which expired Nov. 30, was extended.
Houses purchased for $800,000 or less are eligible for repeat buyers. Single buyers with incomes up to $125,000 and married couples up to $225,000 may receive the maximum tax credit for both repeat and first-time purchases. The credit decreases for buyers who earn between $125,000 and $145,000 for single buyers and between $225,000 and $245,000 for home buyers filing jointly. The amount of the tax credit decreases as his/her income approaches the maximum limit. Buyers earning more than the maximum are not eligible for the credit. If a binding written contract to purchase is in effect April 30, the purchaser will have until July 1, 2010 to close.
The 2009 credit for first-timers helped jump-start the sagging home market in the summer and fall, data show. Walt Molony, a National Association of Realtors (NAR) spokesman, said two million existing-home sales in 2009 could be attributed to the $8,000 first-time buyer credit. Although it is too early to measure the credit's effect on sales so far this year, Molony said NAR chief economist Lawrence Yun believes it will add 1.5 million sales to the tally.
Frisco Homes for Sale
The repeat-buyer credit was added to appease builders, who said the original did not offer enough time to purchasers of new houses, which take at least six months to build, to close on them. New homes accounted for only 7% of the tax-credit-based sales, Molony said.
The National Association of Homebuilders' Donna Reichle said, "We hear builders saying they are getting inquiries, but that's all so far. According to our economists, it's way too early," Reichle said. "If you look back at the passage of the original $8,000 credit and impact on housing starts, it took a couple of months, and that was in the spring as well."
Moody's Economy.com chief economist Mark Zandi says the credit will boost sales "modestly," however, by 300,000, with one-third trade-up buyers. "I don't expect the credit to be extended again," Zandi said. "Each time it is extended, it becomes less effective and thus more costly."
Typically, repeat buyers are better off financially than first-timers, so a lot of repeat buyers realize from the start they don't qualify for the credit. What they do realize, and what is getting more sellers to list, is that they understand that there are plenty of first-time buyers who qualify for the $8,000 credit out there, and they have a much better chance of selling their house and buying a new one than before.
This is also true in the region's new-home market, said Wayne Norris, regional sales manager for Hanley Wood Market Intelligence. "Builders have experienced increased activity in recent months" attributable to the $6,500 credit and "the fact that many potential buyers were able to sell their houses" to those taking advantage of the first-time buyer credit," he said. The sense of urgency to make the tax-credit deadline and fears of rising interest rates will push new-home sales higher in the spring, Norris said.
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Grant & Tina Howell
214-234-6901 / 972-704-4087
About the Author...
This article was provided by Grant Howell, a Nationally recognized Broker and Certified Short Sale & Foreclosure Specialist. Grant can be reached via e-mail at grant@granthowell.com by cell phone or text message at 214-234-6901. Grant has helped thousands of people buy and sell their home. For Frisco Texas real estate and homes see www.BrokerMyHouse.com or www.MyFriscoBlog.com. For more info regarding short selling your home, please visit www.MyValueAgent.com.
Specializing in the following Metro DFW areas in Texas: Addision, Aubrey, Carrollton, Castle Hills, Celina, Cross Roads, Farmers Branch, Frisco, Gunter, Lewisville, Little Elm, McKinney, Plano, Pilot Point, Prosper, Providence Village, Savannah & More.
Do NOT be foreclosed on! Avoid foreclosure. The Bank Pays us to Short Sell your Home.
Frequently Asked Questions About the Move-Up/Repeat Home Buyer Tax Credit
The Worker, Homeownership, and Business Assistance Act of 2009 has established a tax credit of up to $6,500 for qualified move-up/repeat home buyers (existing home owners) purchasing a principal residence after November 6, 2009 and on or before April 30, 2010 (or purchased by June 30, 2010 with a binding sales contract signed by April 30, 2010).
The following questions and answers provide basic information about the tax credit. If you have more specific questions, we strongly encourage you to consult a qualified tax advisor or legal professional about your unique situation.
Source: NAHB: The National Association of Home Builders is a Washington, D.C.-based trade association representing more than 175,000 members involved in home building, remodeling, multifamily construction, property management, subcontracting, design, housing finance, building product manufacturing and other aspects of residential and light commercial construction. Known as "the voice of the housing industry,"
NAHB is providing the information on this web site for general guidance only. The information on this site does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind nor should it be construed as such. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action on this information, you should consult a qualified professional adviser to whom you have provided all of the facts applicable to your particular situation or question. None of the tax information on this web site is intended to be used nor can it be used by any taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
1 week ago I wrote about all the home buying options in the Grayhawk neighborhood of Frisco TX. At that time there were 40 homes listed for sale. Quite impressive I thought, at the time. Lots of choices to show Frisco TX home buyers. However, now there are 46 homes for sale in the Grayhawk neighborhood.
What does that mean? Well, if you are home buyer looking for a great community you will have lots of homes to choose from when you come to Grayhawk. If you are thinking of selling your Grayhawk home, you better get moving now. The competition is heating up!!! Need more details? Please call or email so we can chat about Grayhawk home opportunities some more, 972-704-4087 or info@brokermyhouse.com.
Here is my last week's blog updated with the 6 new Grayhawk homes listed for sale.
There are now 46 homes for sale in the Grayhawk neighborhood of West Frisco. This gives Grayhawk buyers plenty to choose from. These homes range from $169,000 for a 3 bedroom, 2 bath with 1,977 square feet to $379,000 for a 4 bedroom, 4 bathroom with 4,364 square feet. This puts the average price per square foot $78. Interestingly enough the average days of market for these homes is also 78.
If you have been looking for a home in Grayhawk, or trying to sell a home in Grayhawk the good news is the inventory is moving. There are now 17 homes under contract to close soon.
Keep reading to learn more about the Grayhawk Frisco Neighborhood below or click this link to view 'LIVE' mls listings for a preview of what is for sale right now in Grayhawk.
Grayhawk in Frisco Texas 75034


Grayhawk is a master-planned neighborhood is only a few miles north of Plano and minutes from the Dallas North Tollway. Grayhawk is a world of its own, with more than 30 acres of scenic, naturally sculpted open spaces, a winding trail system and a series of boulders and welcoming park settings.
Some of the country's finest builders are doing their part to distinguish Grayhawk, with an outstanding array of new home designs and prices that make sense.
Children living in Grayhawk attend the exemplary Frisco schools. A neighborhood elementary school is located nearby, and additional future school sites are within walking distance.
A prime location and outstanding economic potential have made Frisco one of the fastest-growing cities in the nation. While Frisco is winning awards for its progressive programs and setting records for its unprecedented growth, it remains committed to its rich heritage, with numerous historic landmarks and citywide programs and celebrations.
Now is the perfect time to make Grayhawk - and Frisco - home.
Please contact me for more information at 214-234-6901.

Email Me if you want to be the first to know information as these communities develop. I love watching our cities grow!!!
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Welcome to Little Elm Texas, "The Town with Lake Attitude"
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If you are in the market for a new Home in Celina TX or Frisco TX or Little Elm TX please let me share my expertise and love of this area with you.
Tina
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If you are in the market for a Home in Frisco Texas please let me share my expertise and love of this city with you. Tina Tina Howell, Realtor® 972-704-4087 Frisco, TX 75034 Proudly serving one of the fastest growing cities in our Nation, Frisco Texas. If you are relocating to the Dallas-area and need help from a professional Realtor, give me a call. Buyer and seller services for Real Estate in Frisco, Celina, Prosper, Little Elm, Plano and the rest of Collin and Denton Counties. |
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