July 16, 2013 502 Views Share Recovery Chugs Along in Dallas-Fort Worth Despite Setbacks in Data, Government, Origination, Secondary Market, Servicing The new home market in the Dallas-Fort Worth (DFW) Metroplex continued to see rapid growth in the second quarter, according to a report from “”Metrostudy””:http://www.metrostudy.com/, a “”Hanley Wood””:http://www.hanleywood.com/ company.[IMAGE]””Homebuilders continued to report strong year-over-year gains in net sales during the quarter. Builders responded by starting more new homes during the second quarter than any time during the last five years,”” said David Brown, regional director of Metrostudy’s DFW office. New home starts surged 32 percent over the quarter, rising the most among houses priced above $300,000. According to Brown, homebuilders are expected to start 22,000 homes in DFW this year.While starts were up, finished new home inventory was down 20 percent during Q2. As of the end of the quarter, finished vacant inventory was down to a 20-year low, representing only a 1.7 month supply–well below the two-month supply considered to be equilibrium.With demand remaining strong and inventory down, Metrostudy reports some communities in the Metroplex have seen prices rise 10 to 20 percent or more during the first half of 2013. At the same time, however, higher interest rates are expected to slow the rate of price gains in coming quarters.””Buyer’s purchasing power has weakened somewhat in the past two months and will further erode if mortgage rates continue to rise,”” Brown said.Metrostudy also noted that new lot deliveries remained well below the starts pace during the second quarter, causing the lot supply to fall. While total lot inventory represents a 29-month supply, the most active subdivisions (which account for 75 percent of new home demand) have a restricted 15-month supply (equilibrium is considered to be in the 20- to 24-month range). Agents & Brokers Attorneys & Title Companies Home Prices Housing Starts Investors Lenders & Servicers Processing Service Providers 2013-07-16 Tory Barringer
Go back to the e-newsletter >Australian-based eco operator, Majestic Whale Encounters, is offering a $300 discount per couple on one of its 2016 all-inclusive whale swim tours in Tonga and will also donate $300 of each couple’s booking to a Tongan school, if the tour is booked before 15 October 2015.The $300 donation from each couple’s booking will go towards Faleloa Public School, a local school in Tonga’s Ha’apai islands which was damaged by a cyclone last year. The donations will assist in rebuilding the school and providing local children with school supplies. The school is a 10-minute walk from the resort where Majestic Whale Encounters guests stay, meaning travellers may visit the school as part of their whale swim tour.Starting on 23 August, 2016, the 8-day tour will include 5 days of whale swims, giving guests opportunities to swim, snorkel and spot humpback whales in their natural environment. Every year from July to October, the whales migrate to the tropical northern islands of Tonga to mate and give birth, offering swimmers more chances to get to know the gentle mammals. Guests will stay at Sandy Beach Resort Ha’apai where they can bush walk, fish, cycle or just relax during their two leisure days.The tour costs from AU$3941 per person twin share, including the $150 per person discount if booked before 15 October, 2015. The tour includes 7 nights’ accommodation, 5 days on the water with skipper, guide and marine scientist, all main meals, a welcome dinner and all local flights and transfers.For bookings made by 15 October 2015, Majestic Whale Encounters will donate $150 for each person to Faleloa Public School. Flights to Tonga from Australia (5 hours direct) with Virgin Australia are extra.Go back to the e-newsletter >
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