June 2010
Exciting News on the Home Front!
There is so much happening in Real Estate. Homes are selling, however prices have been down. Luckily that is beginning to change, according to the news article below.
This Year
Home prices will manage a small gain in 2010 after the worst crash since the Great Depression but gains in coming years are likely to come slowly, a Reuters poll found.
Home prices, as measured by the Standard & Poor's/Case-Shiller 20-city index, should rise 1.4 percent this year and 3 percent next year, breaking three years of sharp declines, according to the median forecast. Home prices in the Dallas/Fort Worth market have increased 2.65% this year, compared with last year, according to the current Case-Schiller Index.
Three-quarters of the economists polled said it was possible that average prices would return to where they were in 2006 before the crash, which would require a rise of more than 40 percent, but that may not happen for some time.
Source: Reuters, May 20, 2010
Glenhollow Estates
In the last 6 months, Glenhollow Estates is continuing to sell homes fairly quickly. We have had 2 sales with the average price per square foot of $103.86. We have 2 homes pending currently and also one other with a Contingency Contract. I think all of this can be attributed to the fact that our neighborhood is in a wonderful location, with close proximity to shopping, restaurants, parks and schools.
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