Austin Waters Carrollton TX New Homes

By Susan L. Johnson, on January 20th, 2011
Austin Waters Carrollton TX

Used with Permission

If you are looking for a unique atmosphere of  quiet walks or active recreation surrounded by wide-open green spaces and natural landscape, then Austin Waters is for you.

This master-planned community has classically inspired homes on this 78 acres of gentle rolling hills with easy access to the George Bush Turnpike and the North Dallas Tollway. Located in the prestigious Plano Parkway corridor you will currently find four unique communities to meet your needs at Austin Waters.

This secluded lifestyle will bring you peace of mind in the quietness of your new home, yet delivers the convenience of upscale shopping, restaurants and major medical facilities. Unique design choices in Austin Waters encompass current list pricing from the $240’s and up.

Delivered to you by Darling Homes are architectural styles of Tudor, Arts & Crafts, Texas, Southern Vernacular, Classic Revival, Mediterranean and Colonial. Take a moment and consider the lifestyle and architectural choices that Austin Waters can provide for you. Home and nature……………at it’s best.

Susan L. Johnson

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State Of The Housing Market

By Tom Branch, on October 27th, 2010

I was interviewed yesterday evening by Bob Morrison with the Broadcast News Service concerning the general state of the housing market.

Housing Crisis

Licensed from iStockPhoto

Today’s release of September New Homes Sales data is expected to show a modest increase.  With interest rates at all-time lows and prices being slashed, one would expect to see much more activity.

According to Lawrence Yun, chief economist at the National Association of REALTORS®, “A housing recovery is taking place but will be choppy at times depending on the duration and impact of a foreclosure moratorium.”

Based on what I see locally in the greater Dallas Real Estate market, I would agree that the next few years are going to be “choppy” but not simply because of the impact of the foreclosure moratorium.  I think there are some larger issues at work.

The two bigger issues are the general state of the economy and the tightened mortgage lending standards.

People are not rushing out to purchase big-ticket items because they’re not secure that they will have continued employment. The economy is still very weak and until we get Main Street back to work, I don’t see people purchasing homes on Main Street in large numbers.

I’m often asked, “How low do rates have to go to get people back in the market?” I think that’s the wrong question! Rates are at historic lows with rates on a 30-year fixed rates mortgage below 4 percent with some lenders.  Many people who can qualify have already refinanced their mortgage and plan to stay put for a while.  The lending industry did a “180” on underwriting standards and many people who are making their payments on-time simply cannot qualify to refinance or purchase a new home.

The other elephant in the room is the massive balloon of adjustable rate mortgages coming due in 2011.  As long as interest rates remain low, the impact in 2011 should be minimal. However, the bubble does not go away, it slides in 2012 and later years. Granted it gets smaller each year, but it will take five years or so to disappear.

Much of what happens in the next few years depends on getting Main Street back to work and for the lenders to let the mortgage underwriting pendulum swing back towrds center.

Tom Branch, Broker, CDPE, SFR

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