Terra Hat Creek News

Shady Oaks, Southlake, has been given the honor to be the site of the 2010 Kaleidoscope of Homes!

Terra / Hat Creek Developments is adding to the Southlake Senior Citizen Center. These additions will approximately double the size of the meeting space at the Center. The Senior Center is used for a weekly meal served to the local community of seniors. In addition, the Senior Center has many programs to assist the senior community with various lifestyle, health, and educational needs. There are many social functions which are held at the Senior Center. As Southlake’s senior population grows, the need for a vibrant Senior Center is important. Terra / Hat Creek is proud to have assisted in the needed expansion of the Senior Center.

Team Hat Creek Realty participated in the Walk for PKD held on Saturday, September 26, 2009 at Southlake Town Square and raised over $3, 000 for this great cause.

Congratulations to builder Shane Golden of Venetian Custom Homes, who was voted to serve as President of the Greater Fort Worth Builders Association. Shane is the youngest President that has ever served for the GFWBA!

(Photo to Come)

Congratulations to our Estes Park sales team Karen Miears and Zada Cooper; they have sold 20 houses this year! Way to go Team Karen and Zada!!!

Desperate Housewives Poker Party was held last month in our Shady Oaks Office and Events Center. This was an incredible event hosted by SouthlakeMoms.com for the purpose of supporting a GREAT cause, Revive Africa, and having a BLAST in the process! The poker party was a fun girl’s night out and a huge success, the event raised $15,300 for Revive Africa and as a result of that night, 25 children in the Wellington Orphanage in Sierra Leon now have sponsors. To learn more about these two great organizations visit their websites, www.SouthlakeMoms.com and www.ReviveAfrica.com

Builder Speed Networking Event was held at Shady Oaks with the Greater Fort Worth Builders Association in September. This event gave vendors in the home building industry a great venue for networking with some of the best builders in the area.

Below is a great article by a local mortgage broker:

DOOM AND GLOOM? YES, we are in the middle of a recovery, and unemployment is high, but all the talking heads and nay-sayers in your offices seem to forget the good stuff – so here goes:

• New home sales have risen for five straight months.
• Existing home sales are up in four of the last five months.
• Construction of new homes increased for the third straight month in August.
• Home inventories down.
• Average home prices in the conforming price range are up for the 3rd month in a row.
• The Case-Shiller Index shows prices for homes in ALL price ranges in 18 of the top 20 cities up two months in a row, and up 3 months in a row in 15 of the largest 20 cities.

Why is this information not important anymore? But there’s more…

• Last week’s economic data that showed a 30% drop in corporate layoffs vs. last year.
• The ISM manufacturing report shows that, although weaker than anticipated, we’ve had the second consecutive month of growth in the manufacturing sector.
• 90% of our workforce is working.

AND FINALLY

• With the slide in the dollar, rates have dropped back to where they were last May – 4.5% to 5% depending on program and credit…
• AND with the low rates and lower home prices, NOW is the MOST AFFORDABLE TIME IN THE LAST 30 YEARS to buy a home. Tell your buyers to BUY NOW!