Archive for March, 2013

Dallas Homes Sold Statistics Year-To-Date (through Feb. 2013)

By Troy Corman, Below are homes sold statistics for the Dallas metro through February 2013. Statistics are courtesy of the Texas ATM Real Estate Center, and the North Texas Real Estate Information System. The underlying theme? Extremely low inventories of homes for sale has put sellers in the catbird seat. While a 6 month’s supply of inventory is considered…read more →

Prices to Skyrocket if Rates Stay Low for Two Years

See on – Texas Lots and Land I was on Bloomberg TV this morning and sent (I hope) a wake-up call to the Fed. If mortgage rates stay at 3.5% for several years, I believe home prices will skyrocket. Potential home buyers can   Troy Corman‘s insight: With these ultra-low rates, you can buy a 34% more expensive home…read more →

Texas Homestead Property Tax Exemptions, Defined.

By Troy Corman, One of the great advantages of home ownership are all of the great tax deductions. This includes the amount you pay for your Texas property taxes. With the highest property taxes in the nation, Texas home owners would be remiss to not take advantage of  the Texas Homestead Tax Exemptions. Let’s find out how to do so…read more →

Keystone Fails Texas Common-Carrier Test, Court Is Told

See on – Texas Lots and Land TransCanada Corp. faces court arguments from Texas landowners that its plans for the Keystone XL pipeline to transport Canadian tar-sands oil to coastal refineries don’t give it the right to condemn their property.   Troy Corman‘s insight: The issues? Eminent domain and land conemnation by TransCanda versus property rights of land owners….read more →

Land rights fuel debate – Times Record News

See on – Texas Lots and Land Land rights fuel debate Times Record News James Frank, R-Wichita Falls, said the Texas Railroad Commission has the lone authority and expertise to determine when and where a property owner can drill.   Troy Corman‘s insight: Bill introduced to remedy propery owner rights versus overzealous municipalities restricting oil & gas drilling. See…read more →

Land: They Aren’t Making Any More of It

See on – Lots and Land The land rush is on. And along with the pandemonium in the development site market comes values that are rising rapidly. All of this activity points toward a palpable optimism from developers about the future of New York City.   Troy Corman‘s insight: Big Apple land sites could fetch $1,000 a foot this…read more →

The Real Estate Investing Formula of Trammell Crow.

By Troy Corman, No real estate developer had a larger impact on Dallas, Texas than it’s own hometown boy, Trammell Crow. Born in 1914, in a small frame house at 1318 Fitzhugh Street in Dallas, just like his office buildings and hotels, he rose to great heights. A large part of his formula for success was sharing in the…read more →