Monday, May 12, 2008

MORTGAGE APPLICATIONS

Real estate mortgage application rose during the week ended May 2, according to the Mortgage Bankers Association. Purchase applications climbed 12.1%, while refinancing shot up 19.3%. Looks like the worst may be over for most of the country, while we haven't slowed down at all in Tyler Texas.

Monday, May 05, 2008

REAL WORLD ECONOMICS

Pioneer Press has revealed a startling fact.... that investors in mortgages don't like to buy loan packages made up of loans which are likely to be paid off early. Why? Because they don't make as much interest. They would rather buy packages of mortgages made up of loans which will remain on the books or will turn over several times over the course of the economic life of the property! And THIS is what motivated the risky loan adventures of banks and hedge funds. Why I didn't think of this before, I don't know. Tyler Texas real estate is a bit more conservative, I guess. We don't have many foreclosures. I suppose folks like to PAY OFF their mortgages or pay cash for what they buy.

Tuesday, April 29, 2008

MEDIA

Well, they're at it again! MSNBC is bemoaning the foreclosure rate once more. What it works out to is about one half of one percent of households have at least one notice sent to them by their lenders that payments are in the rears. And a big percentage of all of these are in California, Nevada, Arizona, Florida and Michigan.

I hate it that trusting home buyers are losing their homes; but please don't scare the whole nation about our economy going into the tank!!! A half of one percent isn't going to send the country into an economic tailspin. Gasoline prices might; but not real estate.

Tyler Texas real estate is busy! Folks are moving here because they can buy a very nice home for under $150,000 and live freely again. www.johncmartin.com/ can help!

Thursday, April 24, 2008

LONG DISTANCE PURCHASES

For those of you who are worried about the long distances that you have to travel, and the time you have to be here in order to get a purchase done, I can handle that for you. All you have to do is come and pick out the Tyler Texas real estate, or the East Texas real estate, that fits your needs, wants and desires. Then you can go back home and get ready for your move! I can do everything else for you right here. What you really need is an experienced Tyler Texas real estate agent who can get things done for you. At www.johncmartin.com/ I do it all the time, and all of my customers seen to be very pleased.

Sunday, April 20, 2008

HARDSCAPING

We like to keep you up to date on the latest trends. Here's something from MSN real estate news, by way of http://www.johncmartin.com/, Tyler Texas real estate:

Although the use of stone, concrete and crushed gravel on residential properties isn't new, the switch from landscaping to "hardscaping" has started to gain traction in the past few years, as more homeowners have begun to think of their gardens and backyards as outdoor rooms. David Watkins, the general manager of Merrifield Gardening Center in Merrifield, Va., says that a decade ago, the company rarely had requests to do hardscaping.

But now, many customers say they would rather spend their weekends relaxing and entertaining in these tricked-out spaces -- complete with weather-resistant rugs, kitchens and built-in televisions -- than pushing around lawn mowers and pulling weeds. In the past year, the company's hardscaping sales have increased 20%, even though the cost for paving is around $25 a square foot installed, more than 10 times the cost of sod. Customers want a low-maintenance yard, Watkins says.

Some want no maintenance at all. Last spring, businessman Kim Melrose spent $25,000 having the yard of his home in Rancho Mirage, Calif., torn up so it could be paved with cream-colored concrete, textured to look like travertine stone. His yard has a pool, a covered barbecue, a kitchen with a dishwasher, a two-burner cooktop, a stainless-steel sink and a bar with granite countertop -- and not a blade of grass."

An outdoor room! How 'bout that!

Thursday, April 17, 2008

NATIONAL REALTY NEWS

"Interest rates remain at historically-low levels, home prices continue to be attractively affordable, there is a large supply of homes to choose from, and despite the media-driven perception, there is plenty of financing available for qualified buyers."

This is what we've been saying here for several months. This is a great time to buy! Call me, or email me from my web site: www.johncmartin.com/.

Monday, April 14, 2008

OPTIMISM

It seems that a number of media outlets have little optimism about our country's future, let alone the real estate market! It's almost like they want everything to fail. But Associated Press reports that a full forty percent of respondents to a poll reported that they would probably buy a home sometime in the next two years! If that actually happens, we'll have the best two years in history. I'll bet you that www.johncmartin.com/ starts getting many more emails and calls than normal, because Tyler Texas real estate has it all.