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May 2016
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Updates from May, 2016 Toggle Comment Threads | Keyboard Shortcuts

Steve Young 4:09 PM on May 31, 2016 Permalink | Reply

Texas Home Sales, Prices up in April
Get asked by lot’s of folks how the market is doing and I forget that if they are not active in looking for a home or thinking of selling/leasing that they might not realize what is going on in this wild and crazy real estate market we have been and continue to be in. Below is a good synopsis from The Real Estate Center . Check out the “available Inventory” for the DFW area! When I started the business in 1989 inventory was approx 9-12 months!

COLLEGE STATION (Real Estate Center) – Latest Texas home sales data show sales last month were up 5.7 percent from a year ago while the median price was up 6.1 percent.

According to April 2016 data (as of 11 a.m. today), 27,969 homes were sold last month, about 1,500 more than a year ago and roughly 640 more than in March.

The median price was $205,300 compared with $193,500 a year ago and $201,500 in March.

Months’ inventory was at 3.6 months. Real Estate Center economists consider 6.5 months a balanced market.

Here’s how the state’s major metropolitan statistical areas (MSAs) fared in April.

April data for most Texas metros are available on the Center’s website.
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Steve Young 10:52 AM on May 31, 2016 Permalink | Reply

Non-Profit Organizations
Very good article regarding Non-Profit Organizations from Kirby Anderson with Point of View.

Most successful non-profit organizations try to run with business world efficiency, but they are limited in many ways because of the funding models they must rely upon. Most of the men and women who serve on a board of trustees come from a business background, and they often cannot understand why the organization cannot be run just like a business.

Thomas Tierney recently tried to explain why non-profits often run differently from profit-making businesses. He used this thought experiment when he discovered that many CEOs of non-profits spend nearly half their time managing funding streams.

“Imagine if a typical CEO spent 2+ days a week with bankers, Wall Street analysts and venture capitalists. Now imagine that it took over 100 different sources to capitalize his business, and that none of them would ever commit to more than a single year’s funding. It would be like trying to drive from San Francisco to Boston on a gallon of gas at a time. You’d never be able to plan the fastest or most direct route and would always be looking for the next gas station.”

Thomas Tierney says that as he has “looked under the hood” of various non-profits. He has concluded that much of the balky performance is due to the donors. Often we give for personal reasons. If a family member dies of cancer, you are likely to give to the American Cancer Society. If your child made a commitment to Christ at a Christian camp, you are likely to support that camp or Christian ministry.

He also notes we often give to lots of organizations. “We need to avoid what I call ‘peanut butter philanthropy,’ spreading our resources too thin. We can’t save the world by giving one dollar to every worthwhile cause. We also need to invest in nonprofit infrastructure.”

All of this should not be an excuse for nonprofit organizations. They need to be effective and efficient. But they are different from businesses because of the funding models they rely upon.
Steve Young 7:03 AM on May 24, 2016 Permalink | Reply

Have for sale +/-10Ac land SW Arlington
Steve Young 10:41 AM on May 21, 2016 Permalink | Reply

Set the Date for Fun & a Great Cause!

The Cara Young Fish for Life began in 2010 as a fishing tournament to help raise funds for Cook Children’s and Cystic Fibrosis in honor and memory of Cara Young, an amazing young lady who touched many lives. At the young age of 23, Cara lost her battle with cystic fibrosis. Cara spent many weeks at Cook Children’s during her life and the care she received was amazing. In order to give something back to the medical center we decided to establish an annual bass fishing tournament.

Again this year, in addition to the fishing tournament there will be a separate event of catered food, a silent auction and some really great “live” music to be held on October 29^th, 2016 at the beautiful Botanic Gardens in Fort Worth.

The fishing tournament will be held on September 18^th, 2016 with the weigh-in, kids fishing tournament and other festivities to be held at Cabela’s Sporting Goods Store, Fort Worth location.

THERE ARE SEVERAL WAYS YOU CAN HELP:

** Become a sponsor – several levels are available
** Make a monetary donation at: Cara Young Fish for Life
** Donate an auction item
** Become a volunteer

JOIN THE FISH FOR LIFE FAMILY AND HELP MAKE THIS OUR
BEST YEAR EVER !

Thank you for your consideration. Feel free to contact us should you have any questions.
Steve Young 8:58 AM on May 19, 2016 Permalink | Reply

Might better check this place out!
From Ft Worth City Magazine…Is Thurber Mingus Really Where the West Begins?

Named after two West Texas ghost towns, the Trinity River hideaway Thurber Mingus is billed as a border town-style cantina with a Tex-Mex inspired menu. Taking over the space formerly known as Froggy’s Boat House, executive owner and chef Coby Baumann opened his West Texas-inspired cantina just over a year ago. The dive bar underwent a complete renovation and now has a more polished, rustic yet modern feel. Froggy’s sand volleyball lots have been replaced with a spacious, multi-level patio area complete with a music stage and garden bar.

Check out their web page at: Thurber Mingus
Steve Young 5:11 PM on May 15, 2016 Permalink | Reply

Now this was some good news!☺
From: Johnson County Jury Administration…

Stephen, you DO NOT need to report for jury duty on 05/16/2016. Your jury service panel has been released from jury service. No further action on your part is required. 🐶
Steve Young 7:16 AM on May 6, 2016 Permalink | Reply

April 2016 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 April 2016 Newsletter: Steve Young’s April 2016 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:

Find out the value of your home or property to sell or to lease!

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 76016 817-276-5149
Steve Young 9:47 AM on May 4, 2016 Permalink | Reply

+/-10 Acres in SW Arlington
Steve Young 10:28 AM on May 2, 2016 Permalink | Reply

Demand for Texas homes higher than ever before
A small number is making big news for Texas real estate. In the first quarter of 2016, the inventory of homes statewide hit an all-time low at 2.8 months.

That means if no more houses were listed for sale in Texas, it would take less than three months to deplete the supply of homes on the market now. Why does this matter? Historically low inventory means homes are in demand now more than ever.

For comparison, the Real Estate Center at Texas A&M University estimates that a monthly housing inventory between 6.0 and 6.5 months is balanced between supply and demand … and Texas was at less than half that number in the first quarter of 2016.

For more first-quarter stats, including median home prices and days on market, check out the Texas Quarterly Housing Report, released today by the Texas Association of REALTORS®. The report includes statewide data and data for 25 local markets.