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  • Steve Young 2:25 PM on April 5, 2018 Permalink | Reply  

    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 8:47 AM on March 12, 2018 Permalink | Reply  

    Spring Concert 2018 – The LOT Downtown 

    BCO_Spring_concert_Mansfield4-22-18

     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!

    newbcologo_9-22-16

     

     
  • Steve Young 11:34 AM on March 10, 2018 Permalink | Reply  

    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,

    Steve Young
    RE/MAX Associates

     
  • Steve Young 4:52 PM on February 6, 2018 Permalink | Reply  

    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 76016

    817-276-5149

     stevesellsdfw@gmail.com

     
  • Steve Young 2:42 PM on January 17, 2018 Permalink | Reply  

    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 76016

    817-276-5149

     
  • Steve Young 9:06 AM on January 16, 2018 Permalink | Reply  

    New Resturant in Mansfield Now Hiring! 

    Come by the restaurant Monday – Friday from 9:00 – 5:00 to fill out an application and talk to one of our hiring managers. Maiz_Cocina

    Check out their menu 

     
  • Steve Young 10:40 AM on January 11, 2018 Permalink | Reply  

    Tax Cut Heist??? 

    never miss viewpointsExcellent 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 4:24And 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.

    viewpoints-new-web-version

     

     

     
  • Steve Young 12:56 PM on January 10, 2018 Permalink | Reply  

    Obtain Your License to Carry… 

    Trinity-Title_ad_lic_to_carry1-10-18-page-001

     
  • Steve Young 10:30 AM on December 26, 2017 Permalink | Reply  

    Texas Mortgage Credit Certificate Program 

    If you or someone you know is a “first time” home buyer, call or email me for more information regarding this great program available. 

    TDHCA Homeownership Announcement:  TDHCA 2017-008

    Texas Mortgage Credit Certificate Program…

    Great News! MCCs remain as part of the new tax bill 

    • TDHCA has millions in MCC funds available for Texas First Time Homebuyers
    • To add to the excitement, NOW AVAILABLE is TDHCA’s newest MCC allocation of approx. $625 Million.  
    • Texas MCC Program 88 is open for reservations! 

    signature_bold_2-10-17

    RE/MAX Associates

    (817) 276-5149-office

    steve@steveyoung.pro

     

     

     

     

     
    • Jamie Lehew 11:45 AM on December 26, 2017 Permalink | Reply

      Hey I have been looking into buying a home, can you give me some information on this? My credit has always held me back and is still very low (580), any suggestions?

      Jamie Lehew

      • Steve Young 12:04 PM on December 26, 2017 Permalink | Reply

        Send me your phone# and I’ll have April Smith call you. She is one of my lenders that handles this program and she’s one of the best!

    • Steve YOung 11:48 AM on December 26, 2017 Permalink | Reply

      Hi, Jamie, let me get with one or two of my lenders that do this program. 580 might be ok but they will know for sure. Even if it’s not, it usually won’t take much for them to help you get it to maybe 600!!

  • Steve Young 7:32 AM on December 25, 2017 Permalink | Reply  

    Merry Christmas  

    I heard the bells on Christmas Day

    Their old, familiar carols play,
    and wild and sweet
    The words repeat
    Of peace on earth, good-will to men!

    And thought how, as the day had come,
    The belfries of all Christendom
    Had rolled along
    The unbroken song
    Of peace on earth, good-will to men!

    Till ringing, singing on its way,
    The world revolved from night to day,
    A voice, a chime,
    A chant sublime
    Of peace on earth, good-will to men!

    Then from each black, accursed mouth
    The cannon thundered in the South,
    And with the sound
    The carols drowned
    Of peace on earth, good-will to men!

    It was as if an earthquake rent
    The hearth-stones of a continent,
    And made forlorn
    The households born
    Of peace on earth, good-will to men!

    And in despair I bowed my head;
    “There is no peace on earth,” I said;
    “For hate is strong,
    And mocks the song
    Of peace on earth, good-will to men!”

    Then pealed the bells more loud and deep:
    “God is not dead, nor doth He sleep;
    The Wrong shall fail,
    The Right prevail,
    With peace on earth, good-will to men.”

    – Henry Wadsworth Longfellow

     

     
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