Economy

Texas Squatter Claims $300,000 home for Only $16: What Is This Man Smoking ? – Dallas Real Estate News

By Candy Evans / July 18, 2011 /

Could Texas law net someone a $300,000 house for filing a $16 fee on line?  Maybe. Kenneth Robinson told WFAA-TV he moved into the house at 2205 Waterford Drive on June 17 because it had the perfect storm: the home was abandoned for foreclosure, then the mortgage company that owned it went out of business. After researching a Texas law…

51% of Americans Pay Zero Income Tax: Get Ready for DC to Target the Home Mortgage Deduction

By Candy Evans / July 13, 2011 /

Texas Senator John Cornyn is aflutter over this factoid: 52% of Americans pay zero income tax, he says? Say what? That’s way higher than I would ever dream! The Joint Committee on Taxation, which scores the cost of tax legislation for Congress, pointed this out in a recent report. The committee’s report further showed: While 22…

Is Texas One of the WORST Places to Buy Real Estate?

By Candy Evans / July 13, 2011 /

I hope not, because I just calculated that we have had a 32% increase in the physician population of our state since 2000. And that’s good news for Texas real estate. Now a commenter offered a different look at Texas Real Estate. Can’t say I totally disagree with him, he’s spot on about property taxes: Candy,…

Guess Who Has The Biggest Glut of Foreclosures NOW? Chicago!

By Candy Evans / July 8, 2011 /

Boarded up brownstones in Cicero I never thought I’d see the city of my birth blow out Miami and Phoenix when it comes to having the most foreclosures in the nation right now, but Chicago takes the cake. Almost 119,000 homes in foreclosure. The problem: those stubborn banks are not letting go. This, of course,…

This Ritz Is Not OUR Ritz — Dallas Real Estate News

By Candy Evans / July 1, 2011 /

I’m doing something rather unconventional here. I am cutting and pasting in an entire story as I found it on the web. Read, please: Texas Multimillionaire logs rare loss on Ritz Tower sale Donald J. Carter recently sold a 3,700-square-foot condominium in the Ritz-Carlton Tower Residences for $1.25 million, or $64,000 less than he paid…