Arlington, TX

Patohomes.com....One of the houses I showed today. This is a Freddie Mac foreclosure in a good established neighborhood. On a corner lot with a large backyard. Email me at pat@patohomes.com to see it!!!

<!-- ITG #354413 SS/JT 04/18/07 --> 1001 Briarcliff DR Arlington, TX 76012-5318 $158,500 SEVENTY'S HOME WITH WOOD PANELING,DOORS & WAINSCOTING IN SECOND LIVING AREA Directions: SEE MAPSCO

ML#:11118158 Year Built: 1977 Bedroom 2 11x15 Level: 1

Property Type Residential Bedroom 3 11x12 Level: 1

Property SubType Single Family Bedroom 4 0x0 Level: 0

Parcel ID 04756800 Bedroom 5 0x0 Level: 0

Beds: 3 Baths (FH): 2 (2 0) Study 0x0 Level: 0

Pool No Utility 0x0 Level: 0

Garage Spaces 2 Other Rm 1 0x0 Level: 0

Approx Square Feet 2029 Tax Other Rm 2 0x0 Level: 0

Lot Sq Ft (approx) 9583 # Total Cvrd Parking 2

Lot Acres (approx) 0.220 HOA None

Price/SqFt $78.12 Housing Type Single Detached

Map Coordinates 0068, Q Style Of House Traditional

County Tarrant Lot Size/Acreage .5 Acre - .99 Acre

Subdivision Meadow Park Estates Add Lot Description Corner, Some Trees,

School District Arlington Subdivision

Elementary Butler Exterior Features Patio Covered

Junior High Shackelfor Construction Brick

High Lamar Foundation Slab

Listing Office Coldwell Banker Residential Roof Composition

Listing Agent Jo Ann Moore Type Of Fence Chain Link, Wood

# Full Baths 1st Lvl 2 Parking/Garage Attached, Side

# Stories 1 Interior Features Paneling, Wainscoting, Wet

# Fireplaces 1 Bar, Window Coverings

# Living Areas 2 Bed/Bath Features Separate Shower, Separate

# Dining Areas 2 Vanities

Handicap Amenities No Specialty Rooms Game Room

Living Room 1 15x21 Level: 1 Fireplace Type Wood Burning

Living Room 2 13x20 Level: 1 Kitchen Equipment Dishwasher, Disposal,

Living Room 3 0x0 Level: 0 Drop-in Rng/Oven-Elc,

Formal Dining Rm 11x13 Level: 1 Oven-Electric

Breakfast Rm 9x10 Level: 1 Utility Room Dryer Hookup-Elec., Full

Kitchen 10x11 Level: 1 Size W/D Area, Separate

Master Bedroom 13x15 Level: 1 Utility Rm, Washer Hookup

Presented By: January 2009 Patrick O'Reilly Primary: 214-289-6176 Secondary: Other: E-mail: pat@patohomes.com Web Page: patohomes.com RE/MAX DFW Associates II 1800 Market Place Blvd. #140 Irving, TX 75063 972-402-8100 Fax: 972-402-8855 See our listings online: www.rmdfw.com

Now is the time to take advantage of the awesome foreclosure deals available in Arlington Texas. The mortgage meltdown has created a significant advantage for those prepared to purchase a distressed homes and foreclosure properties. I work with many investors from out-of-state and in the area who are interested in finding good real estate deals and Arlington Texas HUD Homes.

Texas Foreclosure Info

Remember, as a general rule, weaker than expected economic data is good for rates, while positive data causes rates to rise. Go to www.tombrewerjr.com for more information.

Economic Calendar for the Week of June 09 – June 13
Date ET Economic Report For Estimate Actual Prior Impact
Tue. June 10 08:30 Balance of Trade Apr -$59.5B -$58.2B Moderate
Wed. June 11 10:30 Crude Inventories 6/07 NA -4802K Moderate
Wed. June 11 02:00 Beige Book Moderate
Thu. June 12 08:30 Jobless Claims (Initial) 6/07 371K 357K Moderate
Thu. June 12 08:30 Retail Sales May 0.6% -0.2% HIGH
Thu. June 12 08:30 Retail Sales ex-auto May 0.7% 0.5% HIGH
Fri. June 13 08:30 Core Consumer Price Index (CPI) May 0.2% 0.1% HIGH
Fri. June 13 08:00 Consumer Price Index (CPI) May 0.5% 0.2% HIGH
Fri. June 13 08:30 Consumer Sentiment Index (UoM) Jun 57.5 59.8 Moderate

So we know that employment numbers were the big movers and shakers for the financial markets and home loan rates last week. What's in store for the week ahead, and what could drive more market action?

Keep your eye out for the Retail Sales Report, which will be released on Thursday. The Retail Sales report is a measure of the total receipts of retail stores, and changes in these numbers are closely followed as a timely indicator of broad consumer spending patterns. Recent numbers haven't been too bad - consumers seem to still keep spending away. But, will this week's report show that inflation and high oil prices are finally taking their toll on consumer pocketbooks? A strong Retail Sales Report would be good for the Stock market - which stands to reason, as it would indicate continued consumer confidence and dollars being poured into the economy. But a strong Retail Sales Report would be bad news for Bonds and home loan rates, which benefit from weak economic news.

Sure to be a market mover is Friday's Consumer Price Index report, which gives a read on inflation at the consumer level - that is, how much more expensive are goods and services this month over last month? CPI is a widely watched inflation indicator, and will definitely make headlines. Inflation tends to be bad news for both Stocks and Bonds, so if the report indicates inflation is heating up, this could cause Bond pricing and home loan rates to worsen in response. Go to www.tombrewerjr.com for more information.

Remember when Bond prices move higher, home loan rates move lower...and vice versa. And as you can see in the chart below, Bonds were challenged to improve and break above a strong technical barrier at the 200-day Moving Average....only to end the week being forced below it once again. This is a very important "line in the sand," so I'll be watching closely this coming week - as always - to see if the news of the week will help Bonds break above this important barrier, or remain below it.