WASHINGTON (FHFA, Real Estate Center) – Latest home appreciation rates released this week by the Federal Housing Finance Agency (FHFA) indicate Texas home prices increased 2.1 percent last year.
Midland led the way with a 10.4 percent increase between fourth quarter 2007 and fourth quarter 2008. At the other end of the spectrum were Odessa and Brownsville, where prices fell 2.7 percent and 2.6 percent, respectively.
In the final quarter of 2008, Texas home prices increased 0.2 percent.
"The data indicate what we have believed all along," said Real Estate Center Research Economist Dr. Jim Gaines. "Texas fared well in 2008, especially compared with the rest of the country."
According to FHFA, here's how home prices in select Texas cities did last year:
Nationally, prices dropped 4.5 percent last year for the overall index (which includes financings and refinancing) and 8.2 percent based on purchases-only data.
Let’s show our Troops that we appreciate their sacrifices by welcoming home as many of them as we can. Below are the details on an upcoming Welcome Home Ceremony. I hope to see you there!
Subject: Welcome Home Ceremony on 2 MAR 09 at 12:30 PM
We are having a Special Welcome Home Ceremony on Monday, 2 MAR 09 on Cameron Field for 3 Outstanding Soldiers who stayed back to push out the Division Headquarters and 3rd Brigade Combat Team. Please note there will be no support needed on Victory Corner just Cameron Field.
The Special Welcome Home Ceremony will be at 1230/ 12:30 PM on Cameron Field.
Our next window of flights for the 1st Brigade Combat Team are still tentatively scheduled for 7-18 MAR 09. As soon as we get more concrete dates and ceremony times I will let you all know.
I wanted to share this upcoming event with you because I know many of you collect Polish Pottery and this is a great little place to get it right here in Harker Heights! Sounds like a fund time!
Mes cher amis (my dear friends),
Please make plans to join us this coming Saturday for an evening of French chansons (songs), crusty pain (bread), fromage (cheese), et a glass or two of vin (wine)? If you'd like, bring your favorite French appetizer, wine or cheese to sample. After all, variety is the spice of live!
Get in the spirit and wear "somzing" Frenchy. A striped shirt with some skinny black pants? Top it off with a beret. Mais non? (Why not?)
Let's have a little fun French style. TruBlu will be open from 4 p.m. to 10:00 p.m., and our voyage a France (trip to France) will blast off at 7 p.m.
Wouldn't this be the perfect time to introduce one or two friends to TruBlu, the best kept little secret in Harker Heights? Bring in a brand new customer to our shop, and both you AND your friend will each receive an instant $5.00 discount at check-out on your purchases this coming Saturday for all purchases over $25.00.
Be sure to browse through each of our show room carefully as many new pieces from are lastest shipment are scattered throughout. As we mentioned in our last mail, we took advantage of a quick drop in the Zloty to Dollar exchange rate, and have priced these pieces at 25% below regular retail. These are our sticker prices - not special offers! Add our special "Spread the love" coupon offer, and the savings are too good to pass up.
We hope you can make it - bon voyage!
Maya and Grazyna Musick
TuBlu Polish Pottery and Fine Gifts
10531 Fm 2410
Instead of using chemical drain cleaners to clear a tub or sink stoppage, pour 1 cup of baking soda and 1 cup of salt down the drain, and then follow with 1 cup of white vinegar. Let it sit 15 - 20 minutes, then follow with a pot of boiling water.
To keep your garbage disposal running smoothly and odor free, try this: Fill an ice cube tray with a mixture of 1/2 vinegar and 1/2 water. Once the cubes are frozen, place 2 - 3 cubes down the disposal a week for about a month. This will not only sharpen the blades, but also keep your disposal clean and odor-free at the same time! (Grinding lemon peels in your disposer will also work well for odors).
You may not need any more reasons to live in Texas, but it is always nice to continue to hear the good news. As I have mentioned several times before, when compared to the nation as a whole, Texas is fairing extremely well during these tough times in the real estate market.
Below is a list of the INCREASE IN U.S. FORECLOSURES in 2007 by state:
Rhode Island 153.8%
Those are some incredible statistics! While I have yet to see the numbers for 2008, it is expected that there will be some increase in foreclosures in Texas, however, the projections I have seen are estimating low SINGLE DIGIT increases. That’s still great news when compared nationally.
TEXAS (St. Paul Business Journal) – Texas was top in job growth last year, according to a recent analysis by bizjournals.com.
Five Texas cities ranked among the top ten, with three securing the top three spots.
Houston added 57,300 jobs in 2008, giving it the best year of any U.S. market. Dallas–Fort Worth was next with 43,300 additional jobs, then San Antonio, which was up by 14,900 jobs.
Austin ranked fifth with 9,600 jobs added, and El Paso’s 5,300 additional jobs landed the city at ninth.
Bizjournals.com examines markets that have at least 250,000 nonfarm jobs and compares employment figures for the final month of the past two years. Seventy-two of the 88 markets studied suffered declines in employment in 2008.
The City of Temple has been busy working towards completing the parks projects made possible by the 2007 Parks Bond. Here’s an update on the progress.
2007 Parks Bond Updates
Lions Junction Family Water Park - 5000 South 5th Street.
The walls of the pump room and the floor of the bath house have been poured. The approach from South 5th Street to the location of the parking area has been constructed. The main sewer line has been installed and the plumbing lines for the main drains in the pool are being installed. We are still on target for the end of May 2009 for completion.
Sammons Park Indoor Pool - 2220 West Avenue D
On 12-4-08 the City Council awarded the bid on this project. The winning bid was within budget and we can also afford to award two add alternates; one is an additional parking and the other is a UV light treatment for the pool water.
Ferguson Park - 1203 East Adams Avenue
The ADA walkways have been installed and the parking area and drop off lane has been rough graded at this time. The fill material for the new pavilion has also been installed. We are scheduled for completion in late February 2009.
Lions Park - 4000 Lions Park Drive
This project (to build the lighted soccer fields) is underway at this time. However, we have temporarily halted the project to ensure that there are no environmental issues in the area.
Miller Park Trail and Life Stations - 1919 North 1st
The contractor has completed the trail renovation portion of the project and has installed all but one of the 10 exercise stations. The playground has been installed and looks to be a big hit. The final plan for the splash pad is complete and the components have been ordered. The contractor plans to start construction on the splash pad in early December. This is a 180 day project with the scheduled completion date of January 2, 2009.
Summit Expansion - 620 Fryers Creek Circle
This project is progressing according to schedule with the foundation for the new weight room being completed. The plumbing that goes under the slab for the rest of the expansion has been installed. The Temple Civic Theatre has allowed us to use a portion of their parking lot as a temporary staging area for the contractor for the duration of construction. This project is scheduled to be completed by the end of June 2009.
West Temple Splash Pad - 121 South Montpark Road
We have settled on a final design for the splash pad and the contractor has supplied the City with copies of the insurance and bonds required for the project. Once we receive the signed copies of the contract, we will issue the "Notice to Proceed" and we will be underway with this project, we are still targeting completion in early spring 2009.
Sammons Park Golf Course - 2727 West Adams Avenue
A plan has been completed for a new layout of the course which changes all holes except one and increases the length of the course and has the turn back to the clubhouse. The project is on hold at this time to evaluate whether or not to renovate the entire or course or just do some smaller improvement to the existing layout.
A friend sent this to me yesterday and I think it is important for all of us to know!
Texas Driver's License
This was news to me. And trust me, I got my license out and looked. It's really there!
Something all Texans should know, especially since this has received very little or no publicity.
Your Texas driver's license has a phone number on the back, just above the bar code on the lower left side: 1-800-525-5555. (It's VERY SMALL PRINT, but it IS there.) This number can be called for emergency assistance on the highway or wherever you might have trouble while in your car.
A service truck will be sent to you. This service is state operated, and paid for with your tax dollars. If you are ever stranded, just call the number on your driver's license...help is on the way. A state trooper will be sent to make sure all is well.
This one is worth passing on especially to all the women you know.
More positive news about how the texas economy is fairing against much of the rest of the country. Pay particular attention to the job growth in the ft. hood area!!!! Jean
TEXAS ECONOMY STILL AHEAD OF NATION'S
COLLEGE STATION (Real Estate Center) – The Texas economy is cooling but continues to create jobs. While the U.S. economy lost more than 2.8 million jobs from December 2007 to December 2008, Texas gained 154,600 jobs over the same period.
The state’s seasonally adjusted unemployment rate rose from 4.2 percent in December 2007 to 6 percent in December 2008. By comparison, the U.S. seasonally adjusted unemployment rate rose from 4.9 percent to 7.2 percent during the same period.
Recent decreases in oil prices have begun to adversely affect the Texas oil and natural gas industry’s ability to generate jobs. The industry’s employment increased 3.7 percent from December 2007 to December 2008, a drop from 7.1 percent for the period November 2007 to November 2008. Even so, the industry ranked first among Texas industries in employment growth rate.
The professional and business services industry and the leisure and hospitality industry posted annual employment growth rates of 3.3 percent from December 2007 to December 2008 and ranked second among Texas industries in job creation.
All Texas metros experienced positive employment growth rates from December 2007 to December 2008. McAllen-Edinburg-Mission ranked first in job creation followed by College Station–Bryan, Houston–Sugar Land–Baytown, and Killeen–Temple–Fort Hood.
The state’s actual unemployment rate in December 2008 was 5.7 percent. Midland had the first lowest unemployment rate followed by Amarillo, Lubbock, Odessa and College Station–Bryan.