We all know someone in Frisco, Plano, or McKinney that has bought a foreclosure, even if you are not in Real Estate or Mortgage.
From January to end of March this year, foreclosures represented 31% of all residential sales in America. The average sale price of those foreclosures in whole was 21% lower than the average sale price of the remaining residential sales. That either means that foreclosures buyers are getting good deals, or the average home that is going into foreclosure is a lower priced home…the latter of the two suggestions is not what the media has been saying. Are you wondering what kind of effect the removal of the home buyer tax credit had purchases recently? In May, pending home sales fell 30%. True DAT!! In the case that the tax credit had no overall positive effect on the economy, I guess individuals can always say, “I gots mine”…can you say, “that’s how I stick it to the man…(man = uncle Sam)”.
CNN reported that these towns were targeted for top job growth numbers in the nation… Towns include: Allen, Carrollton, Dallas, Frisco, Garland, McKinney, Plano
Job growth (2000-2009): 53.0% Lastly, CNN reported that McKinney was in the top 5 cities in regards to where to get some of your best residential deals.