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Lucy Puniwai's Blog

By Lucy Puniwai | Agent in 76177
  • Realtor Haslet,Texas 76052 - Alliance Corridor Specialist

    Posted Under: Quality of Life in Alliance, Market Conditions in Alliance, Home Buying in Alliance  |  January 11, 2013 11:19 AM  |  437 views  |  No comments


    Haslet is a city in Denton and Tarrant counties in the U.S. state of Texas, settled between 1880 and 1883. The population was 1,517 at the 2010 census. Wikipedia Area: 7.5 sq. miles (19.42 km²)


    Disclosure: I live in Haslet Texas. Well, that is what my address and zip code (76052) reveal. However, I actually live in the jurisdiction of Fort Worth Texas. I relocated from Keller as I saw the potential for growth in this area.  Then the drastic housing market crash hit and while Texas did not feel the full effect of the crisis, home buying did slow down and there was some bad debt in North Texas.


    Roll forward to 2013. Haslet, Texas

    Gadberry Survey announced Haslet, Texas as the 2nd fastest growing city in the United States. What most folks that moved here did not realize that Gadberry used the ZIP CODE 76052 in the Census. This zip code as I mentioned about includes roughly 15,000 rooftops with a median income at $93,000.

     

    Word got out about the growth in this area as far as roof tops. The Alliance Town Center and Hillwood Development seized the moment. Located north of interstate 820, the I35W corridor and State Highway 156, Haslet (76052) quickly became popular with Commercial Retail and Residential growth. Le Tara Village was built. New Dentists, Pediatricians, Opticians and Veterinarians were the first to occupy this tiny little town.

     

    7-11 built a store on the corner of Avondale/Haslet and highway 156.       Noise bunkers were built along the railroad line to make it a quiet zone. Major home builders have set their sights on locations within Haslet and the ETJ (extra-territorial jurisdiction).

     

    The most recent announcement is from Amazon.com. They have signed a lease agreement to build a warehouse facility on 68 acres on Westport Parkway. Approximately 2500 jobs in Haslet and Coppell for Warehouse and Call Center will become available once these structures are built out.

     

    Super Wal-Mart broke ground in September 2012 at the intersection of highway 287 and Avondale Haslet Road. Home Depot is next and they will  come in behind Wal-Mart.

    All of this growth is within a five mile radius of the once sleepy little town of Haslet, Texas.

     

    As a result of the November 2012 election, a Bond program was passed to build a new middle and high school at the intersection of Blue Mound Road and highway 287. These new schools will be neighbors to the new Carl E. Schluter elementary school which opened fall 2011. Truett Middle School opened fall 2012 in the Sendera Ranch housing development.

     

    More Retailers continue to pursue Haslet, Texas. Soon to come, more Restaurants, Hobby Shops and strip malls. 

    Cinemark XD is now open and movie goers enjoy stadium seating and 3D movies just 15 minutes away from home. New restaurant openings  in the past 6 months include Houlihan's,Mi Cocina and Fuzzy Taco's which compliment Olive Garden, Cheddars,BJ's Restaurant and Brewhouse and Jason’s Deli.  Razoo's coming in very soon. Alliance Town Center has everything you need from the Kroger Marketplace, Best Buy, Belk, JC Penny, The Children's Place, Kincaid’s Burgers, 5Guy Burgers,Cousin’s Barbeque….just to name a few… If you would like to know more about Alliance Town Center, just follow this link:
    http://www.alliancetowncenter.com/Directory.aspx

     

    Medical Services - Alliance 

    We had been traveling at a minimum of 25 minutes for a medical emergency. We thought we were in "tall cotton" when Care Now opened a location. Then the ER at Alliance opened with its state of the art medical equipment, pediatric specialist with no wait time, we knew the Alliance Corridor was destined for greatness. But wait!  September 2012  GTexas Health Harris Methodist Hospital at Alliance opened ITS doors!


    BREAKING NEWS!!!  HCA North Texas is building a new $71 million hospital near Interstate-35W and North Tarrant Parkway.

    .

     

    Growth in this area is not questionable, it is probable. Acreage ranges from .40 a square foot for a 2.27 acre tract to over $8.00 a square foot for an acre. What is the number one rule in real estate?
                       LOCATION, LOCATION, LOCATION!

     

    Personally, I am happy to witness this real estate boom in 76052. This is a diamond in the rough. Homes are purchased with instant equity as 76052 remains a highly desirable location. New schools, retail, proximity to downtown Alliance Town Center, the city of Fort Worth, Eagle Mountain Lake, biking trails and quiet country living is what makes my home my castle. Not to mention the landscape is spread out among farm country and wide open Texas sky’s!

     

    For information on Commercial or Residential purchases, I am your 76052 expert. I am known as the Realtor with “Passion”. With every purchase, I become more passionate about my surroundings and my negotiation skills are supreme. My knowledge remains current as I attend many town hall and Chamber of Commerce meetings to remain involved and informed on what is up and coming. I also represent home owners in these meetings and I enjoy a strong relationship with the City/ District and State officials that represent this area.

     

    I would enjoy hearing from you if Haslet, 76052 or any location within the North Texas area is on your radar.

    I am YOUR North Fort Worth Realtor!

    Lucy A. Puniwai
    REALTOR®
     (214)783-6416 – Cell/Text
    (682)224-8050 – Fax
    puniwai@fathomrealty.com
    Facebook: 
    https://www.facebook.com/NorthFORTworthRealtor
    Facebook: https://www.facebook.com/Alliance.Haslet.NorthFort.Worth.TexasRealtor

    http://www.puniwai.fathomdallas.com/agents/6440-Lucy-Puniwai
                
    In God We Trust
  • Hillwood Property in Alliance,Texas - Alliance,Texas Realtor

    Posted Under: General Area in 76177, Market Conditions in 76177, Home Buying in 76177  |  October 23, 2012 8:31 PM  |  555 views  |  No comments

    Transformative Vision

    With more than two decades of development on one of the most successful large scale, master-planned communities in North America, the Hillwood Properties team has cultivated an array of expertise like no other real estate developer.

    From our experience with the transformative, 17,000-acre AllianceTexas development, we learned how to plan and how to adapt as circumstances change. We learned how to develop synergistic partnerships and how to deliver excellence in record time. We learned to be big-picture visionaries, while also being agile and creative on the numerous critical, small details that add up to value creation.

    We have become experts in negotiating complex infrastructure agreements with federal, state and local governments; master-planning the short and long-term needs of a large-scale development the size of a city; attracting the world's leading corporations; identifying new market needs and providing superior customer service.

    Our experience has been shaped by working with 290 of the nation's leading employers, including more than 50 from the Fortune 500, Global 500 or Forbes List of Top Private Firms. Together, we have developed nearly 32 million square feet and generated more than 30,000 jobs, using innovative strategies and one-of-a-kind partnerships to build immense value. We transformed a region into a vibrant, economic engine that supports best-in-class corporations as well as a high quality of life.

    Nothing is quite like AllianceTexas, and because of that, no team has quite the expertise that Hillwood Properties does.
    http://www.alliancetexas.com/WhyAllianceTexas/HillwoodProperties.aspx

    Development Timeline

    It was, perhaps, a little known study produced for the City of Fort Worth that provided the first spark needed to launch Alliance. That study predicted the need for a new airport on the northwest side of Dallas-Fort Worth to alleviate anticipated congestion at existing air facilities. By 1985, the Federal Aviation Administration (FAA) began seeking a location for this relief facility. A number of small North Tarrant County cities voiced interest in the project. However, the expansive acreage that would be needed forced the FAA to look to private landholders.

    By this time, the Perot family had accumulated more than 10,000 acres of undeveloped land in the area and was predicting strong future growth in Tarrant and Denton counties. The North Texas Council of Governments and the FAA approached Perot about donating the land for the construction of the reliever airport because of the family's reputation for providing acreage for such public ventures.

    The vision for growing the project from a reliever airport to an industrial airport came after discussions with key industry leaders, who advised that a reliever airport was too small. Ross Perot, Jr. began to envision an industrial development with an airport as an anchor that would spur regional growth and attract leading corporations.

    With support from the FAA, the City of Fort Worth and Hillwood, the world's first industrial airport - Fort Worth Alliance Airport, was designed and developed. The name "Alliance" refers to the public-private partnership between these three entities. The airport opened on December 14, 1989. With the addition of BNSF Railway's Alliance Intermodal Facility in 1992, Alliance became the model for inland ports, with abundant acreage surrounding direct access to air, rail, intermodal and highway transportation options.

    3PL Companies

    BNSF Railway
    DB Schenker
    DSC Logistics
    Exel
    FedEx Freight
    Performance Team
    Ryder 
    Trans-Trade 
    UPS Supply Chain Solutions

    Quality of Life

    Both companies and families enjoy the strong quality of life in and around the AllianceTexas development. North Texas provides a vibrant and diversified community with a low cost of living, abundant housing, quality schools, amenities and recreation, and a temperate climate.

    • Cost of Living - 7% below the national average
    • Housing Prices - 20% below the national average
    • No personal income tax
    • Fort Worth Temperatures - Average annual high = 76° Average annual low = 56°
    • The average length of the warm season (freeze-free period) is approximately 249 days. The average last occurrence of 32°F (0ºC) or below is mid March and the average first occurrence of 32°F or below is in late November

    Area Attractions    

    Sports

    Museums

    American Airlines Center

    Amon Carter Museum

    Dallas Cowboys

    Fort Worth Museum of Science & History

    Dallas Mavericks

    Kimbell Art Museum

    Dallas Stars

    Modern Art Museum of Fort Worth

    Fort Worth Cats

    National Cowgirl Museum & Hall of Fame

    Lone Star Park

     

    Texas Motor Speedway

     

    Texas Rangers

    As AllianceTexas matures into a world-class development, it continues to drive tremendous growth in one of the fastest-growing areas of the country’s most vibrant state - and with that a strong labor force. The latest U.S. Census data revealed that Fort Worth grew by 38.6 percent since 2000, adding over 200,000 new residents, with much of that growth taking place in the north Fort Worth corridor around AllianceTexas. In fact, Fort Worth ranked as the fastest-growing large city (population over 500,000) in the entire U.S. for the past decade, and Tarrant County, in which Fort Worth is located, grew by over 25 percent during the period, adding more than 350,000 new residents.

    The City of Fort Worth’s City Manager’s Office reports that Council District 2, which includes the North Fort Worth / Alliance corridor, grew by 121 percent between 2000 and 2010. Population in District 2 increased from 68,233 in 2000 to 150,898 in 2010. The next closest increase was seen in District 7 immediately to the west of District 2 with an increase of 58 percent from 69,094 to 109,488.

    Growth was seen in suburbs around Fort Worth and within the Alliance corridor, as well. According to a 2011 study by the Gadberry Group, an Arkansas-based intelligence service and data collection firm, the Haslet and north Fort Worth area surrounding AllianceTexas was the second-fastest growing area in the nation, experiencing a 735-percent growth from 2000 to 2010. Keller, another city located in the AllianceTexas corridor, ranked as the third-fastest growing community in the national study – growing by more than 226 percent during the same period. Together, both areas brought more than 35,000 households to the AllianceTexas region from 2000-2010.

    The population influx comes not only from new births but an increase in relocations. USA Todayreports in a July 25, 2011 article that “Texas' population grew by 4.3 million, or 21%, during the past decade, more than twice the national pace. About half the total was because of births, but Texas also gained 849,000 residents via state-to-state migration, second only to Florida.”

    Increase in the Texas population is not a new occurrence. According to the Dallas Federal Reserve, Texas has outpaced the nation’s growth since the early 1900’s. Growth was attributed to higher Hispanic birth rates and overall net migration. The Hispanic community is the largest growing demographic in the state. A February 23, 2011 USA Today article reports, “Hispanics accounted for 65% of the state’s growth since 2000.” A February 17, 2011 Fort Worth Star-Telegram article states that “The Hispanic population grew by 59.4 percent in Fort Worth since 2000.” Whether by state-to-state migration, foreign-born immigration or birth rates, the workforce population in Texas continues to grow and will remain strong for the foreseeable future.

    Alliance Opportunity Center (AOC)

    The Alliance Opportunity Center serves as a job matching center between AllianceTexas companies and job applicants. More than 150,000 job applicants have worked with the Alliance Opportunity Center since its opening in 1998. More than 12,000 job applicants sought a job through the Alliance Opportunity Center during 2011.

    • Free service for AllianceTexas companies
    • AOC works with your HR department or staffing agency
    • Provides applicant screening to deliver qualified referrals
    • Job fairs coordinated and conducted at your facility or the
    • AOC Interviewing facilities available
    • Weekly Job Club

    AllianceTexas Hiring Fair

    Hillwood, Workforce Solutions of Tarrant County and the Alliance Opportunity Center host an annual job fair that is free and exclusive to AllianceTexas-based companies. The event is held at Texas Motor Speedway  for parking capacity. The 2011 Hiring Fair brought 1,800 job applicants in a four hour period.

    Recruiting and advertising efforts are focused locally. 55% of applicants in 2011 were drawn from the immediate area – Fort Worth, Haslet, Roanoke, Keller, Denton. Previous years for the job fair have yielded strong results with 1,100 job applicants in 2007 and 1,400 applicants in 2008. (Hiring Fair not held in 2009 or 2010 due to economic recession.)

    AllianceTexas Statistics

    • 30,000+ employees
    • Staffing Agencies within AllianceTexas: Oxford Global Resources and Staffmark

    Strong workforce throughout DFW Metroplex

    • Dallas-Fort Worth-Arlington Metropolitan Statistical Area (MSA) ranked 4th largest population center in United States (Source: US Census Bureau)
    • Fort Worth is the fastest growing large city (cities over 500,000) in the United States (Source: US Census Bureau)
    • Civilian labor force of 3 million in Greater DFW
    • Civilian labor force of 1 million in Fort Worth/Arlington MSA

      The Alliance Corridor is home to Alliance Town Center. Northwest ISD is continually rated as Exemplary. New schools come in before the schools are over populated. There are many,MANY planned developments for housing. If you want an acre,half an acre or a zero lot (low maintenance) , I am here to help you. A Realtor should accompany you when you are walking through Builder model homes. If you go it alone, and the Sales Rep takes your name, we can not help you when you find the home you desire and need help in making an offer. YES - YOU make an OFFER on a brand new home! I am YOUR North Fort Worth/Alliance Realtor!


       Lucy. A. Puniwai
      REALTOR®
       (214)783-6416 – Cell/Text
      (682)224-8050 – Fax
      puniwai@fathomrealty.com

      Facebook:https://www.facebook.com/Alliance.Haslet.NorthFort.Worth.TexasRealtor
      Website:
      http://www.puniwai.fathomdallas.com/agents/6440-Lucy-Puniwai
                  
      In God We Trust
  • Realtor in North Fort Worth,Texas - Housing Market

    Posted Under: Market Conditions in 76248, Home Buying in 76248, In My Neighborhood in 76248  |  October 3, 2012 1:14 AM  |  674 views  |  No comments

    Article Provided by: Dallas Morning News (Christopher S. Rugaber, Associated Press)


    WASHINGTON — A measure of U.S. home prices jumped 4.6 percent in August compared with a year ago, the largest year-over-year increase in more than six years.

    CoreLogic, a private real estate data provider, also said Tuesday that prices rose 0.3 percent in August from July, the sixth straight monthly gain.

    Steady price increases, combined with greater home sales and rising builder confidence, suggest the housing recovery may be sustainable.

    Other measures of home prices have also increased. The Standard & Poor's/Case Shiller index rose in July compared with a year ago, the second straight yearly increase after two years of declines. And an index compiled by a federal housing regulator has also reported annual increases.

    Housing prices are rising in most areas, according to CoreLogic. Only 20 large cities out of 100 tracked showed declines in the 12 months ending in August. That compared with 26 in July.

    "The housing market's gains are increasingly geographically diverse with only six states continuing to show declining prices," said Mark Fleming, chief economist for CoreLogic.

    States with the biggest price increases in the past 12 months were Arizona, Idaho, Nevada, Utah and Hawaii. Prices soared 18.2 percent in Arizona, partly because the supply of homes for sale is low and foreclosure sales have slowed. Prices have risen 10.4 percent in Idaho.

    The states with the biggest declines were Rhode Island, Illinois, New Jersey, Alabama and Connecticut.

    The housing market has begun to rebound this year more than five years after the bubble burst.

    Sales of previously occupied homes jumped in August to the highest level since May 2010. The rate at which builders started single-family homes rose last month to the fastest in more than two years. Builders have also increased their spending on single-family home construction for five straight months. And the lowest mortgage rates on record have made home buying more attractive.

    Even with the gains, the housing market has a long way back. Many would-be buyers can't qualify for stricter lending standards or save enough money for larger down payments that most banks now require. Home sales, housing starts and prices all remain below healthy levels.

    CoreLogic said its measure of prices is 26.7 percent below a nationwide peak in April 2006.

    Still, the broader economy will likely benefit from rising home values. When prices rise, people typically feel wealthier and spend more. And more Americans are likely to put their houses up for sale, which could further energize the market.

    Your North Fort Worth Realtor,


    Lucy A. Puniwai
    REALTOR®
    (214)783-6416 – Cell/Text
    (682)224-8050 – Fax
    puniwai@fathomrealty.com
    Facebook: https://www.facebook.com/NorthFORTworthRealtor
    Facebook: https://www.facebook.com/Alliance.Haslet.NorthFort.Worth.TexasRealtor
    http://www.puniwai.fathomdallas.com/agents/6440-Lucy-Puniwai
    In God We Trust

  • Realtor in North Fort Worth,Texas - Housing Market

    Posted Under: Market Conditions in 76244, Home Buying in 76244, In My Neighborhood in 76244  |  October 3, 2012 1:13 AM  |  674 views  |  No comments

    Article Provided by: Dallas Morning News (Christopher S. Rugaber, Associated Press)


    WASHINGTON — A measure of U.S. home prices jumped 4.6 percent in August compared with a year ago, the largest year-over-year increase in more than six years.

    CoreLogic, a private real estate data provider, also said Tuesday that prices rose 0.3 percent in August from July, the sixth straight monthly gain.

    Steady price increases, combined with greater home sales and rising builder confidence, suggest the housing recovery may be sustainable.

    Other measures of home prices have also increased. The Standard & Poor's/Case Shiller index rose in July compared with a year ago, the second straight yearly increase after two years of declines. And an index compiled by a federal housing regulator has also reported annual increases.

    Housing prices are rising in most areas, according to CoreLogic. Only 20 large cities out of 100 tracked showed declines in the 12 months ending in August. That compared with 26 in July.

    "The housing market's gains are increasingly geographically diverse with only six states continuing to show declining prices," said Mark Fleming, chief economist for CoreLogic.

    States with the biggest price increases in the past 12 months were Arizona, Idaho, Nevada, Utah and Hawaii. Prices soared 18.2 percent in Arizona, partly because the supply of homes for sale is low and foreclosure sales have slowed. Prices have risen 10.4 percent in Idaho.

    The states with the biggest declines were Rhode Island, Illinois, New Jersey, Alabama and Connecticut.

    The housing market has begun to rebound this year more than five years after the bubble burst.

    Sales of previously occupied homes jumped in August to the highest level since May 2010. The rate at which builders started single-family homes rose last month to the fastest in more than two years. Builders have also increased their spending on single-family home construction for five straight months. And the lowest mortgage rates on record have made home buying more attractive.

    Even with the gains, the housing market has a long way back. Many would-be buyers can't qualify for stricter lending standards or save enough money for larger down payments that most banks now require. Home sales, housing starts and prices all remain below healthy levels.

    CoreLogic said its measure of prices is 26.7 percent below a nationwide peak in April 2006.

    Still, the broader economy will likely benefit from rising home values. When prices rise, people typically feel wealthier and spend more. And more Americans are likely to put their houses up for sale, which could further energize the market.

    Your North Fort Worth Realtor,


    Lucy A. Puniwai
    REALTOR®
    (214)783-6416 – Cell/Text
    (682)224-8050 – Fax
    puniwai@fathomrealty.com
    Facebook: https://www.facebook.com/NorthFORTworthRealtor
    Facebook: https://www.facebook.com/Alliance.Haslet.NorthFort.Worth.TexasRealtor
    http://www.puniwai.fathomdallas.com/agents/6440-Lucy-Puniwai
    In God We Trust

  • Realtor in North Fort Worth,Texas - Housing Market

    Posted Under: Market Conditions in Roanoke, Home Buying in Roanoke, In My Neighborhood in Roanoke  |  October 3, 2012 1:12 AM  |  657 views  |  No comments

    Article Provided by: Dallas Morning News (Christopher S. Rugaber, Associated Press)


    WASHINGTON — A measure of U.S. home prices jumped 4.6 percent in August compared with a year ago, the largest year-over-year increase in more than six years.

    CoreLogic, a private real estate data provider, also said Tuesday that prices rose 0.3 percent in August from July, the sixth straight monthly gain.

    Steady price increases, combined with greater home sales and rising builder confidence, suggest the housing recovery may be sustainable.

    Other measures of home prices have also increased. The Standard & Poor's/Case Shiller index rose in July compared with a year ago, the second straight yearly increase after two years of declines. And an index compiled by a federal housing regulator has also reported annual increases.

    Housing prices are rising in most areas, according to CoreLogic. Only 20 large cities out of 100 tracked showed declines in the 12 months ending in August. That compared with 26 in July.

    "The housing market's gains are increasingly geographically diverse with only six states continuing to show declining prices," said Mark Fleming, chief economist for CoreLogic.

    States with the biggest price increases in the past 12 months were Arizona, Idaho, Nevada, Utah and Hawaii. Prices soared 18.2 percent in Arizona, partly because the supply of homes for sale is low and foreclosure sales have slowed. Prices have risen 10.4 percent in Idaho.

    The states with the biggest declines were Rhode Island, Illinois, New Jersey, Alabama and Connecticut.

    The housing market has begun to rebound this year more than five years after the bubble burst.

    Sales of previously occupied homes jumped in August to the highest level since May 2010. The rate at which builders started single-family homes rose last month to the fastest in more than two years. Builders have also increased their spending on single-family home construction for five straight months. And the lowest mortgage rates on record have made home buying more attractive.

    Even with the gains, the housing market has a long way back. Many would-be buyers can't qualify for stricter lending standards or save enough money for larger down payments that most banks now require. Home sales, housing starts and prices all remain below healthy levels.

    CoreLogic said its measure of prices is 26.7 percent below a nationwide peak in April 2006.

    Still, the broader economy will likely benefit from rising home values. When prices rise, people typically feel wealthier and spend more. And more Americans are likely to put their houses up for sale, which could further energize the market.

    Your North Fort Worth Realtor,


    Lucy A. Puniwai
    REALTOR®
    (214)783-6416 – Cell/Text
    (682)224-8050 – Fax
    puniwai@fathomrealty.com
    Facebook: https://www.facebook.com/NorthFORTworthRealtor
    Facebook: https://www.facebook.com/Alliance.Haslet.NorthFort.Worth.TexasRealtor
    http://www.puniwai.fathomdallas.com/agents/6440-Lucy-Puniwai
    In God We Trust

  • Realtor in North Fort Worth,Texas - Housing Market

    Posted Under: Market Conditions in 76262, Home Buying in 76262, In My Neighborhood in 76262  |  October 3, 2012 1:10 AM  |  662 views  |  No comments

    Article Provided by: Dallas Morning News (Christopher S. Rugaber, Associated Press)


    WASHINGTON — A measure of U.S. home prices jumped 4.6 percent in August compared with a year ago, the largest year-over-year increase in more than six years.

    CoreLogic, a private real estate data provider, also said Tuesday that prices rose 0.3 percent in August from July, the sixth straight monthly gain.

    Steady price increases, combined with greater home sales and rising builder confidence, suggest the housing recovery may be sustainable.

    Other measures of home prices have also increased. The Standard & Poor's/Case Shiller index rose in July compared with a year ago, the second straight yearly increase after two years of declines. And an index compiled by a federal housing regulator has also reported annual increases.

    Housing prices are rising in most areas, according to CoreLogic. Only 20 large cities out of 100 tracked showed declines in the 12 months ending in August. That compared with 26 in July.

    "The housing market's gains are increasingly geographically diverse with only six states continuing to show declining prices," said Mark Fleming, chief economist for CoreLogic.

    States with the biggest price increases in the past 12 months were Arizona, Idaho, Nevada, Utah and Hawaii. Prices soared 18.2 percent in Arizona, partly because the supply of homes for sale is low and foreclosure sales have slowed. Prices have risen 10.4 percent in Idaho.

    The states with the biggest declines were Rhode Island, Illinois, New Jersey, Alabama and Connecticut.

    The housing market has begun to rebound this year more than five years after the bubble burst.

    Sales of previously occupied homes jumped in August to the highest level since May 2010. The rate at which builders started single-family homes rose last month to the fastest in more than two years. Builders have also increased their spending on single-family home construction for five straight months. And the lowest mortgage rates on record have made home buying more attractive.

    Even with the gains, the housing market has a long way back. Many would-be buyers can't qualify for stricter lending standards or save enough money for larger down payments that most banks now require. Home sales, housing starts and prices all remain below healthy levels.

    CoreLogic said its measure of prices is 26.7 percent below a nationwide peak in April 2006.

    Still, the broader economy will likely benefit from rising home values. When prices rise, people typically feel wealthier and spend more. And more Americans are likely to put their houses up for sale, which could further energize the market.

    Your North Fort Worth Realtor,


    Lucy A. Puniwai
    REALTOR®
    (214)783-6416 – Cell/Text
    (682)224-8050 – Fax
    puniwai@fathomrealty.com
    Facebook: https://www.facebook.com/NorthFORTworthRealtor
    Facebook: https://www.facebook.com/Alliance.Haslet.NorthFort.Worth.TexasRealtor
    http://www.puniwai.fathomdallas.com/agents/6440-Lucy-Puniwai
    In God We Trust

  • Realtor in North Fort Worth, Texas - Housing Market

    Posted Under: Market Conditions in Fort Worth, Home Buying in Fort Worth, In My Neighborhood in Fort Worth  |  October 3, 2012 1:08 AM  |  386 views  |  No comments

    Article Provided by: Dallas Morning News (Christopher S. Rugaber, Associated Press)


    WASHINGTON — A measure of U.S. home prices jumped 4.6 percent in August compared with a year ago, the largest year-over-year increase in more than six years.

    CoreLogic, a private real estate data provider, also said Tuesday that prices rose 0.3 percent in August from July, the sixth straight monthly gain.

    Steady price increases, combined with greater home sales and rising builder confidence, suggest the housing recovery may be sustainable.

    Other measures of home prices have also increased. The Standard & Poor's/Case Shiller index rose in July compared with a year ago, the second straight yearly increase after two years of declines. And an index compiled by a federal housing regulator has also reported annual increases.

    Housing prices are rising in most areas, according to CoreLogic. Only 20 large cities out of 100 tracked showed declines in the 12 months ending in August. That compared with 26 in July.

    "The housing market's gains are increasingly geographically diverse with only six states continuing to show declining prices," said Mark Fleming, chief economist for CoreLogic.

    States with the biggest price increases in the past 12 months were Arizona, Idaho, Nevada, Utah and Hawaii. Prices soared 18.2 percent in Arizona, partly because the supply of homes for sale is low and foreclosure sales have slowed. Prices have risen 10.4 percent in Idaho.

    The states with the biggest declines were Rhode Island, Illinois, New Jersey, Alabama and Connecticut.

    The housing market has begun to rebound this year more than five years after the bubble burst.

    Sales of previously occupied homes jumped in August to the highest level since May 2010. The rate at which builders started single-family homes rose last month to the fastest in more than two years. Builders have also increased their spending on single-family home construction for five straight months. And the lowest mortgage rates on record have made home buying more attractive.

    Even with the gains, the housing market has a long way back. Many would-be buyers can't qualify for stricter lending standards or save enough money for larger down payments that most banks now require. Home sales, housing starts and prices all remain below healthy levels.

    CoreLogic said its measure of prices is 26.7 percent below a nationwide peak in April 2006.

    Still, the broader economy will likely benefit from rising home values. When prices rise, people typically feel wealthier and spend more. And more Americans are likely to put their houses up for sale, which could further energize the market.

    Your North Fort Worth Realtor,


    Lucy A. Puniwai
    REALTOR®
    (214)783-6416 – Cell/Text
    (682)224-8050 – Fax
    puniwai@fathomrealty.com
    Facebook: https://www.facebook.com/NorthFORTworthRealtor
    Facebook: https://www.facebook.com/Alliance.Haslet.NorthFort.Worth.TexasRealtor
    http://www.puniwai.fathomdallas.com/agents/6440-Lucy-Puniwai
    In God We Trust

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