Winchester Carlisle Latest News & Events
Carwin publishes two papers that forecast the housing recovery timelines using its proprietary predictive model
DALLAS, TX (February, 2012): Carwin introduced its proprietary, predictive model to calculate the timeframe to absorb the “shadow inventory” (or pending supply) of distressed housing stock. Carwin has elucidated this model using a variety of data sources on the state of housing and residential mortgages in Las Vegas and Phoenix.According to Carwin’s projections the Las Vegas Valley housing market will revert to a more normal environment with levels of new and resale housing sales similar to those witnessed before the mid 2000’s housing bubble by year 2016 and Phoenix will completely absorb the distressed housing stock by mid-2013.
To download the paper on Las Vegas, click here. To download the paper on Phoenix, click here.
Nathan Grace Real Estate Expands in Texas
Dallas-based Nathan Grace Real Estate has expanded in Dallas with the acquisition of The CNT Group, which is composed of veteran real estate agents Glen Christy, Robin Moss Norcross and Jason Thomas. The three real estate agents will bring their experience from the Lake Highlands and surrounding Dallas neighborhoods to the firm.
Nathan Grace Real Estate has experienced unprecedented growth recently and plans to continue its expansion in the Dallas market, officials said.
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Dunhill Homes Featured in Dallas Morning News
Driving through the sprawling Craig Ranch community, you’d never know that North Texas housing construction is at the lowest point in two decades.
Builders are pouring foundations and putting up framing for homes in the project — thanks in part to the efforts of startup firms that are taking advantage of the down market.
One of the busiest is Dunhill Homes, a company that just began building in the Dallas area this year.
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Dunhill's master-planned communities offer amenities
Dunhill Homes is helping home shoppers start the year on the right foot with dozens of new floor plans, amenities for the winter months and a New Year Special promotion that could save them thousands of dollars.
"A Dunhill Homes community is the perfect place to live and play in the new year," said Ryan Soucie, director of sales for Dunhill Homes. "From our 24-hour, guard-gated entrance to a 35,000-square-foot recreation center, residents are transported from the congestion of the city to a spacious luxury resort-style community." The builder's New Year Special sale offers as much as $12,500 that can be used toward options or closing costs.
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Industry / Business News
Bernanke: Joblessness Understates Weakness
Federal Reserve Chairman Ben S. Bernanke said the 8.3 percent rate of unemployment in January understates weakness in the U.S. labor market. "It is very important to look not just at the unemployment rate, which reflects only people who are actively seeking work," Bernanke said today in response to questions at a hearing before the Senate Budget Committee in Washington. "There are also a lot of people who are either out of the labor force because they don't think they can find work" or in part- time jobs.
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U.S. Consumer Credit Climbed by $19.3B in December
Consumer borrowing in the U.S. rose more than forecast in December, driven by demand for auto and student loans. Credit increased by $19.3 billion to $2.5 trillion, Federal Reserve figures showed today in Washington. The gain topped the $7 billion median forecast of economists surveyed by Bloomberg News and followed a $20.4 billion advance the prior month.
Consumers "are willing to take on this debt because there is some increasing degree of confidence in the economy," said Ken Mayland, president of ClearView Economics LLC in Pepper Pike, Ohio, who projected credit would climb by $15 billion.
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Outlook for Home Prices Rises Again
The consumer outlook for U.S. home prices improved again in January, extending a recent upward trend in housing market sentiment, according to mortgage market firm Fannie Mae.
For its monthly reading, Fannie Mae said respondents in its January survey predicted home prices will rise by 1% over the next year, up from the 0.8% gain forecast in December.
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Lawmakers Push Bill to Put Fannie, Freddie on Budget
House lawmakers passed legislation Tuesday to put the operations of Fannie Mae and Freddie Mac on the federal budget and change how the government calculates the cost of several federal loan programs.
Fannie and Freddie, companies that provide funding for U.S. home loans, have been under federal control since September 2008 at a cost of $151 billion to taxpayers. Republicans argue putting them on the federal budget would more accurately reflect the costs of their rescue.
