5731 Watson CircleA refigured Real Estate Fun Fact from Kyle Rovinsky:

In 75230 zip (North Dallas) for all transactions 4 bedroom+ on lots .3 acre+, (total of 229 transactions), houses on the market 30 days or less sold for an average of 98% sale price to list price. Houses on the market 45 days or longer sold for an average of 87.5% sale price to list price.

The average sale price for these 229 homes was $907,000. 10.5% costs an average of $95,235 per transaction for mispricing a home.

Ouch. Thoughts? PS: Details on this southern stunner forthcoming.

How Will Federal Shutdown Affect FHA Loans And Other Government-Backed Loans?


Like they say, there’s good news and there’s bad news.

Realtors and brokers won’t come out unscathed from the federal government shutdown, as a report from the National Association of Realtors shows. If you’ve got a closing coming up, best be prepared to have some hiccups.

While the NAR report says that FHA will “continue to endorse new loans in the Single Family Mortgage Loan Program, multi-family loans won’t be processed. VA loans will be processed, too, and flood insurance from FEMA will get a government stamp, and Fannie Mae and Freddie Mac are still keeping the gears greased.

On the flip side, if you have to process IRS forms or verify Social Security numbers through the SSA, you’re out of luck because these offices are closed.

Read the whole document below.

NAR Government Shutdown Brief