North Texas home sales surged in September – up 27% from a year ago.
It was the largest such annual price gain in more than a decade.
Real estate agents sold 11,408 single-family homes, a record number of purchases for the month of September, when sales typically slow.
But not this year.
Record low mortgage rates have caused a run on home buying even in the face of the COVID-19 pandemic.
Last month’s huge home sales increase is the fourth month in a row of double-digit percentage sales gains from 2019 levels, according to data from the Real Estate Center at Texas A&M University and the North Texas Real Estate Information Systems.
September’s year-over-year gain was the largest yet.
“It’s amazing that sales are up 27% over last years, but not surprising based on what I have been hearing,” said Paige Shipp, a housing analyst with CDCG Asset
Headquartered in Conway, Arkansas, Home BancShares, Inc. (HOMB) is a $16.9 billion asset holding company and parent to Centennial Bank, a Southeastern commercial and retail bank. Centennial provides a wide range of commercial and retail banking services to businesses, developers, and individuals. With its more than 165 branch location, Centennial offers services across the state of Arkansas, the panhandle and south Florida, Alabama’s Gulf Coast and New York City.
While HOMB has continued to grow much faster than bank peers, some have called into question the long-term net interest margin (NIM) potential juxtaposed against the rate of future earnings growth. While credit is difficult to forecast, I do believe future net charge-offs (NCOs) are going to be limited in nature. Expense management has been a clear priority for the management team, and in my mind, it will be the swing factor for future profitability.
Today, my bullish stance
Sexsmith council accepted a five-year capital budget for 2020 to 2024 during its regular meeting Monday.
The budget sets out plans for capital projects over five years, totalling $6.4 million and including $3.2 million for street improvements.
Mayor Kate Potter said municipalities are required under the Municipal Government Act to submit five-year budgets to the province by the end of the year.
“It’s a really good policy to have so that municipalities are thinking about their long-term needs and are able to budget for those needs,” she said.
The provincial policy encourages municipalities to prepare for inevitable costs such as facility upgrades and replacements, she said.
Potter noted the five-year plan isn’t set in stone, and Sexsmith is currently conducting asset management to determine the life expectancy of its buildings.
Council may update the plan in December or January to reflect what new information about town facilities come to light,
A single mum’s DYI renovation effort has set a new price benchmark for a Newcomb street on the border of East Geelong.
Interior design enthusiast Chris-maree Wilson sold her revamped character home for $660,000 after a bidding war between two buyers.
The sale of the four-bedroom, two bathroom weatherboard house at 33 Boundary Road beat the previous top price in the street by $100,000.
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Ms Wilson and her daughters Paris and Zara spent a year restoring the house and turning the double garage into a ‘she-shed’.
McGrath, Geelong agent Wayne Baker said a local couple outbid Melbourne buyers who inspected the 723sq m property early in the campaign before the capital’s second lockdown.
He said it was great result that set a benchmark for the area.