Denton, TX

Whenever the Fed announces a Fed Funds Rate cut as they did last week, the Media typically gets it wrong which leads to much confusion for the consumer. Since the Fed cut last Wednesday, several people have contacted me expecting this will mean lower long term rates. WRONG. Since this might seem confusing, let's unpack this...

The Federal Reserve Bank controls the Fed Funds Rate, an interest rate that banks lend money to each other for overnight borrowing and this Rate is most commonly tied to Home Equity Lines of Credit , Auto Loans and Credit Cards.

Whenever the Fed decides to take action, either by cutting or hiking, it bases its decision on two factors - promote economic growth and maintain price stability, which means keep inflation in check. Last week, the Fed cut by an aggressive .50% to help spur the economy. The lower FFR, brings down the rate on the aforementioned types of loans. But what a cut also does is make the cost of money cheaper to the consumer - this can be inflationary. And inflation is all you have to follow to see how long-term Bonds and home loan rates are doing. If inflation ticks higher, Mortgage Rates higher as well. If inflation remains in check, home loan rates will be stable to improving.

The Third Annual Fall Kinship Fair will be held from 11 a.m.-2 p.m. Saturday, Oct. 25 on Pioneer Circle (the Pioneer Woman statue area) on TWU's Denton campus. The fair provides resources for Denton County Kinship families who have opened their homes to children who otherwise would be in the foster care system. The event includes food, games, a petting zoo, as well as resources for the families such as diapers, clothes, haircuts and information.

Kelly Peace w/REMAX DFW Associates will be providing parents with M.I.L.K. (Missing Information on Lost Kids) information necessary to register their children for the national Amber Alert and local authorities.

DENTON TX REAL ESTATE - AUGUST MLS SALES STATS
Here are the stats for the Denton area.

Keeping with the typical trends, this Denton TX Real Estate Market Report shows Closed Sales DOWN (projected almost 15%) while Average Sales Price stays somewhat STABLE. Home owners that do sale, are negotiating a little over 1% more OFF list price. Days on market are actually DOWN!

Years ago I had a friend who had graduated from the University of North Texas in Denton. He had worked his way through college by cutting grass and doing landscaping.

By the time he graduated, he had such a big landscaping business there in Denton, that he figured he'd have to take a hefty cut in pay if he closed up shop and took a regular 9-5 job.

For some reason, I heard my brain say to me, "Ask him who's his best customer?" and I don't know why my braind said that to me. Nevertheless, I asked.

My friend told me it was a Denton funeral home.

A funeral home?! What gives, I thought.

He went on, "Every morning unless it's raining relentlessly, we cut the lawn at the funeral home."

I asked him why?

"Well, I asked the funeral home the same question when we got the contract. The owner told me that his clients expected his funeral home to look spic and span and perfect every day and every moment of every day," my friend explained. "When it's your family member's funeral, there are no second chances for the funeral home to look better the next time."

From that I extrapolated to my real estate business: Every house gets a new yard sign. Our offices are cleaned everyday and kept spotless. We offer our visitors coffee, and we always make them a fresh pot. Our yard? It's mowed twice a week during the growing season and once a week during the fall and winter. Our cars? Washed everyday....sometimes twice.

What have you learned from other businesses that you've found are also letter-perfect for the real estate business?

BILL CHERRY, REALTORS

DALLAS

214 503-8563

1 800 314-7110

Our 43rd Year Selling Texas.

Denton county one of fastest growing counties in country. Future board the train in downtown Dallas reach Denton. Long road ahead however construction starts 2009. Yeah Dallas is starting to become connected all feeding to downtown, reduce the traffic, save gas, less time spent driving. We are excited for these new opportunities for professionals and families

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Lynn911.com Top Dallas Real Estate Team

Dallas homes for sale, Over 4,000 Dallas home foreclosures, Dallas homes for rent,

Dallas Real Estate Website: lynn911.com

Email: 911@lynn911.com

Dallas real estate office: 972-699-9111

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