frisco tx real estate market update

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Here is important news about Housing and Urban Development from our Lender Jeff Lancaster at Prime Lending.

This is cutting edge news and a more formal announcement will be made, however, I wanted you to know about this ASAP.  This is a very important news for investors interested in Dallas Homes and Plano Foreclosure Properties.

HUD has announced their intention to

  • Lower the Up Front MIP from 2.25% to 1% AND
  • Increase the Annual (monthly) MIP From .50 – .55% to .85 – .90% depending on LTV

on loan terms greater than 15 years. Read the rest of this entry »

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Collin County Association of Realtors just prepared the June Data for every city in Dallas Area. Since The City of Frisco in Collin and Denton County these statistics shows both counties together. If you need more information about your own Subdivision call or email me, I will prepare specific reports just for you.

Frisco Real Estate Market Update

Frisco Real Estate Market Update

Listings Under contract in Frisco is 225 homes and it is reduced 32.4 percent from last year. Average Home Sales Price in Frisco is $304,790 however Median Homes Sales Price in Frisco shows $257,000 and increased 7.5 percent from last year in June which is good news for home sellers. Average Days on the Market until Sales for Frisco homes in June is 83 days and 12.1 percent less than 2009.   Read the rest of this entry »

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