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Steve Young
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Steve Young
April 2018 Newsletter by Steve Young
Welcome to Steve Young’s most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling or leasing your home, or just interested in homeowner issues in general.
Please click on this link to view the Housing Trends April 2018 Newsletter Steve Young’s April 2018 Newsletter
The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau, Realtor.org reports and other sources.
If you are interested in determining the value of your home, click the “Home Evaluator” link for a free evaluation report: What is my home or property worth?
Sound decisions can only be made with accurate and reliable information, and I am happy to be a trusted resource for you. Thank you for the opportunity to provide you with this monthly eNewsletter, and I look forward to answering any questions you may have and to the opportunity to be your REALTOR® in the future.
Sincerely yours,
Steve Young
RE/MAX Associates
4105 S Bowen Rd Arlington TX 76016817-276-5149
Texas Real Estate Commission Information About Brokerage Services
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Steve Young
BCO Spring Concert Series
The Brazos Chamber Orchestra is inviting you to our Spring concert series. We hope you can invite your family and friends to attend one of the venues listed below! Patriotic is the underlying theme of our 2018 Spring Concert series! We’re less than 2 weeks away from our first performance at The LOT Downtown in Mansfield. Mark your calendars and get ready for an exciting week of BCO concerts and LIVE coverage!
Granbury, Cleburne, and Burleson will feature Mr. Dean Peiskee as the soloist in a performance of the Rachmaninoff Piano Concerto No. 2 in c minor; this is a performance you don’t want to miss, under the direction of Maestro David Anavitarte.
7:00 PM – April 22, 2018 – The Lot Downtown, Mansfield
7:30 PM – April 23, 2018 – First United Methodist Church, Burleson
7:30 PM – April 24, 2018 – First Baptist Church, Cleburne
7:30 PM – April 26, 2018 – Granbury First United Methodist Church
Concerts are free but donations accepted at concerts.
BCO Website
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Steve Young
Texas’ Housing Inventory Hits a 28-year Low
Recent U.S. Census data show Texas’ population grew by more than 1,000 people a day last year. Many of those new arrivals may find housing options here limited.
A new Real Estate Center report shows the state had a 3.4-month supply of new and existing single-family homes for sale in February, a 28-year record low for the state. This means it would take 3.4 months for homes listed for sale to sell at the market’s current pace. The Center considers a six-to 6.5-months supply a balanced market.
“Existing homes have been in short supply for a while,” said Center Research Economist Dr. Luis Torres, who co-authors the Center’s monthly Texas Housing Insight report. “The big difference is now the shortage of new homes is more pronounced.”
Statewide, new-home permits were down 2.6 percent in February even though they maintained upward momentum from last year, the report showed. Although Texas led the U.S. in permits issued and accounted for more than 17 percent of the national total, permits per capita remained more than 36 percent below the state’s pre-recession levels.
“Building permits peaked in 2007, and they’ve never come back,” Torres said.
Meanwhile, housing starts were 39.5 percent below pre-recession levels.
While demand for new homes is high, Torres said many builders are hampered by a number of supply constraints and new building regulations.
“The lack of land available for development has hurt new-home construction,” he said. “There’s a small supply of land for building new homes, and demand is high. That pushes up land prices and makes it more costly to build a new home.”
Torres said land accounts for roughly 20 percent or more of the cost of new-home construction.
“If I’m a homebuilder and the land is expensive, for-profit reasons I’m going to build a bigger, more expensive house,” he said. “That’s suppressing the lower end of the market.”
Torres said high land costs are especially problematic for medium and smaller builders who might have less access to credit than the larger builders, making it harder to buy land. Lumber and labor costs are also hindering new construction.
“The U.S. imposes tariffs on Canadian lumber, which adds to building costs,” Torres said. “Also, there’s a shortage of qualified, skilled laborers. When the housing bust happened about ten years ago, many laborers left the construction industry. It’s difficult to replenish them. Builders and subcontractors are struggling to find skilled laborers even with wages increasing.”
Torres said new building regulations are causing difficulties for builders.
“New regulations increase costs, and those will be passed on to the consumer,” he said. Houston’s city council passed a regulation this week requiring new homes built in the floodplain to be elevated. Torres said regulations such as these will be important because of the impact they could have on the new-home market.
Authored by Torres, Chief Economist Dr. Jim Gaines, Research Associate Wesley Miller, and Research Intern Bailey Cuadra, the Texas Housing Insight report is at http://txrec.io/2kpVYzg.
By Bryan Pope, Managing Editor, Real Estate Center at Texas A&M University
April 5, 2018/Release No. 08-0418
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Steve Young
Spring Concert 2018 – The LOT Downtown
Hosted by The LOT Downtown and The Brazos Chamber Orchestra
Join The Brazos Chamber Orchestra for an outdoor performance underneath the lights of The LOT Downtown in Mansfield, Texas! This event will be an extension of BCO’s 2018 Spring Concert series and will feature Americana and patriotic numbers.
The best part of this event? It’s FREE!
Come and listen to beautifully orchestrated sounds with friends and family as you enjoy the fresh atmosphere! From all of us at Brazos Chamber Orchestra and The LOT Downtown, we hope to see you soon!
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Steve Young
March 2018 Newsletter by Steve Young
Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.
Please click on this link to view the Housing Trends March 2018 Newsletter http://steveyoung.housingtrendsenewsletter.com
The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau, Realtor.org reports and other sources.
Housing Trends eNewsletter is filled with local and national real estate sales and price activity provided by MLSs and the National Association of Realtors, U.S. Census Bureau key market indicators, consumer videos, blogs, real estate glossary, mortgage rates and calculators, consumer articles, and REALTOR.com local community reports.
If you are interested in determining the value of your home, click the “Home Evaluator” link for a free evaluation report:
http://steveyoung.housingtrendsenewsletter.com/dispContent.cfm?loadid=2&loadtype=0
Sound decisions can only be made with accurate and reliable information, and I am happy to be a trusted resource for you. Thank you for the opportunity to provide you with this monthly eNewsletter, and I look forward to answering any questions you may have and to the opportunity to be your REALTOR® in the future.
Sincerely yours,
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Steve Young
February 2018 Newsletter by Steve Young
Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.
Please click on this link to view the Housing Trends February 2018 Newsletter Steve Young’s February 2018 Newsletter
If you are interested in determining the value of your home, click the “Home Evaluator” link for a free evaluation report: Home Evaluator
Sound decisions can only be made with accurate and reliable information, and I am happy to be a trusted resource for you. Thank you for the opportunity to provide you with this monthly eNewsletter, and I look forward to answering any questions you may have and to the opportunity to be your REALTOR® in the future.
Sincerely yours,
Steve Young
RE/MAX Associates
4105 S Bowen Rd Arlington TX 76016817-276-5149
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Steve Young
January 2018 Newsletter by Steve Young
Welcome to the most current Steve Young’s Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.
Please click on this link to view Steve Young’s Housing Trends January 2018 Newsletter
The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau, Realtor.org reports and other sources.
If you are interested in determining the value of your home, click this “Home Evaluator” link for a free evaluation report.
Sound decisions can only be made with accurate and reliable information, and I am happy to be a trusted resource for you. Thank you for the opportunity to provide you with this monthly eNewsletter, and I look forward to answering any questions you may have and to the opportunity to be your REALTOR® in the future.
Sincerely yours,
Steve Young
RE/MAX Associates
4105 S Bowen Rd Arlington TX 76016817-276-5149
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Steve Young
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Steve Young
Tax Cut Heist???
Excellent article by Kirby Anderson with Point of View. God’s Word discusses the importance of words and cautions us about what we speak and, what we listen to! Mark 4:24–And He was saying to them, “Take care what you listen to. By your standard of measure, it will be measured to you, and more will be given you besides. One of the ways politicians get some attention in our current media climate is to make outlandish claims or use controversial phrases. So when various Democratic leaders referred to the recent tax reform bill as a grand “heist” it was not too surprising. But I am beginning to see that the use of the term was more than a rhetorical flourish. It may indeed be a campaign theme of the 2018 elections.
Take a look at the Twitter accounts of any of the Democratic leaders in the House and the Senate. You will see words like “heist” and “looting.” The members of Congress that voted for the bill are guilty of “robbing” and “ransacking” the middle class. This is difficult to take seriously since the latest estimates are that 80 percent of American taxpayers will see a reduction in their taxes. It is tempting to disregard all these comments as merely an attempt to win the policy debate. But I wonder if these words and phrases actually point to very different views about taxes, property, and government funding. Most of us believe we have private property rights and that we give up some of our income in taxes to fund necessary government programs. It isn’t a heist or robbery to let Americans keep more of their hard-earned income.
However, if you believe government must be funded at larger and larger levels, then a tax cut or spending cut becomes robbery of the federal treasury. No doubt you have heard some lament that people in government think that it is “their money.” It seems like they are saying “what’s yours is ours.”
We taxpayers don’t see it that way. We believe it is our money that we send to the government to be used effectively and efficiently by government employees guided by laws adopted by our elected representatives. Unfortunately, we may be headed into a campaign season where a tax cut to Americans is a grand heist of the federal treasury.
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