Dallas Home Prices Continue to Rise

Dallas home prices have been on the move higher for sometime, and continue to rise.  Dallas is one of the hottest markets in the nation.

 

Today, CoreLogic reported home prices have risen from December 2015 to 2016 by 7.2%.  The Dallas market place has seen a rise of 6.6% according to the report.

Just over a week ago, Case-Shiller 20-city composite home price index measured home price increases of 5.6% year-over-year, November 2015 to November 2016.  Dallas is included in … Continue reading

Rising Rents Put On the Squeeze

Rising Rents

Rising rents are squeezing middle American’s everywhere.  Renting has become widespread with last year bringing the largest surge in renters since…ever.  With that rental communities are busting at the seams and so are the rents!  Rent continues to rise…at a faster pace than wages and home prices.

It’s not just young people who are renting these days.  Now, 40% … Continue reading

Homeownership Leads to Wealth Gains

For over a decade, I’ve reported that the American Dream of homeownership makes sense for many people. It makes sense for an assortment of reasons, including financial reasons – the recent Harvard Study continues to point to significant wealth gains for homeowners.

Since the late 1980’s the Harvard Joint Center for Housing Studies has issued an annual report, The State of the Nation’s Housing which summarizes key housing trends.

In its new 2016 paper, Update on Homeownership Wealth … Continue reading

5 Income Tax Tips You Need to Know

It’s that time again – income tax time – to start thinking about gathering the documents needed to file taxes. The tax season begins tomorrow, Tuesday, January 19th.  The IRS will begin receiving electronic income tax filings as of this date.

The forms needed for filing your income tax returns include W-2 forms reporting wages or salaries, which employers will send out this month. You’ll also need Form 1099 reporting interest and dividend income (if applicable), Form 1098 showing interest … Continue reading

How to File Your Texas Homestead Exemption

If you purchased a home in Texas in 2015, as of January 1, 2016 you may now apply for homestead exemptions on your principal residence. Homestead exemptions remove part of your home’s value from taxation, so they lower your property taxes.

Property tax in Texas is a locally assessed and locally administered tax and varies by appraisal district.  There is no state property tax.  Property tax brings in money to local government to pay for schools, roads, police and firemen, … Continue reading

New Mortgage Program Opens More Doors for Homeownership

Fannie announced earlier this week its HomeReady mortgage citing it as “an innovative lending option aimed at helping creditworthy borrowers with lower and moderate incomes have access to an affordable, sustainable mortgage.”

frontdoors“HomeReady will help qualified borrowers access the benefits of homeownership with competitive pricing and sustainable monthly payments,” said Jonathan Lawless, Vice President for Underwriting and Pricing Analytics at Fannie … Continue reading

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