Athens Review, Athens, Texas

Breaking News

Local News

February 15, 2013

On the mend

Officials say area real estate market is improving

Athens — If your following the real estate market, 2012 was a good year. According to  The National Association of Realtors, 2012 was the best year for the U.S. Real Estate market in seven years. 

Lawrence Yun,  NAR chief economist, said all the conditions for strong price growth are at play.

"Home sales are on a sustained uptrend. Mortgage interest rates are hovering near record lows, and unsold inventory is at the lowest level in 12 years," he said. "Home sales are being fueled by a pent-up demand and job creation, along with still favorable affordability conditions and rents rising at faster rates. Our population has been growing faster than overall housing stock, so supply and demand dynamics are very much at play."

Henderson County appears to be following the national trend. Angie Tuley, President of the Henderson County Board of Realtors, said, “The new year is here, and it appears our local area has weathered the storm of uncertainty, and is well on it's way to returning to a vibrant and more predictable real estate market.”

January is normally a slow month for real estate sales. If January is any indication,  2013 will be a very good year for local realtors.

Tuley said, “From 2012 to 2013, there was a jump of total production sold Jan. 1 to Jan. 30 of 89.29 percent.

“A major factor that will weigh heavily on the rebound is the current fabulous interest rates, which are near or at historic lows, not to mention a credit score of 580 for FHA loans is available,” Tuley said.

 She said, “As we know, trends are hard to predict. However, it is my belief that our local real-estate market is showing the right signs of continued rebound.”

Steve Grant, who has been selling real estate in Athens for over 30 years, says, “I see the sign of improvement. (The year) 2012 was better than 2011, and 2013 looks like it is going to be even better. I am gearing up with new marketing efforts.”

Grant said “The mortgage rates are as low as I have seen them. Rates are 3 percent to 4 percent. I don't believe in my lifetime I will ever see them this low again.”

Grant said the Multiple Listing Services have been carrying about a year’s worth of inventory.  That inventory is now down to six or seven months. According to Grant, this is an another indication of the market improving.

Athens Century 21 owner Becky Anding said, “We have seen our sales increase recently. There is a lot of property in Henderson County that are good buys for investors. We are confident that we are in the midst of a housing recovery.”

 With the market on the uprise, many consumers will consider becoming homeowners this year. So, be prepared for the mortgage application process. You will only get the mortgage you are requesting, if your credit is in shape. If you are carrying around bad credit, you risk not qualifying for a home loan, or may pay a higher interest rate.

Anding cited some of the easiest loans.

“There are some really good loans available, such as USDA or VA loans,” she said.

The USDA Loans are designed for the buyer who doesn't have a lot of money to put down, or to pay closing cost.


Text Only
Local News
  • ADR logo.tif Possible drowning

    The Henderson County Sheriff’s Department and Texas Parks and Wildlife Department were searching for a man on Wednesday afternoon who may have drowned in Cedar Creek Lake. 
    Sheriff Ray Nutt said his department responded to a call for assistance from the Seven Points Police Department concerning two men who were boating on the lake, and ran into trouble between Seven Points and Gun Barrel City.

    April 17, 2014 1 Photo

  • ADR logo.tif Water authority is born

    It would be hard for anyone under the age of 50 to imagine East Texas without the abundance of lakes in the region, providing water and sources of recreation.
    Many of the reservoirs in East Texas today, were created in the years immediately following the dusty, dry, decade of the 50s, when drought conditions left Texas parched for water. The rainfall all but stopped at the beginning of the decade and by 1957, 244 of the state’s 254 counties, including Henderson County, had been declared Federal Disaster Areas for lack of rainfall.

    April 17, 2014 1 Photo

  • DSC_0577.JPG Time with the Easter Bunny

    Six-year-old Mayven Ingalls is shown enjoying the company of the Easter Bunny  at the annual Kiwanis Club Easter Egg Hunt for Special Needs kids at Kiwanis Park in Athens on Wednesday. A coordinator said the event was for students from Athens Independent School District. Tootsie the Clown also helped in the effort to bring enjoyment to the children.

    April 17, 2014 1 Photo

  • ADR logo.tif AISD to discuss meal prices

    The Athens Independent School District Board of Trustees will meet tonight at 6 p.m. in the District Support Center Board Room for its monthly meeting.
    Several action items are on the agenda, including the consideration of meal prices for the 2014-15 school year.

    April 17, 2014 1 Photo

  • ADR logo.tif More burglary complaints

    The Athens Police Department continues to get numerous burglary complaints, and on Tuesday investigated a break-in of a vehicle parked at East Texas Medical Center.

    April 17, 2014 1 Photo

  • OBIThelen obit.JPG 104-year-old Henderson County woman passes

    Helen Eveleen DeAngelis Carbone was a woman who experienced a lot in life. It was on April 15 that she passed from this life peacefully at the age of 104.
    Carbone has been described as an interesting person with a lot of memories to share with everyone she met.

    April 17, 2014 1 Photo

  • 4-16 beauty.jpeg Bursting with beauty

    A shining star already in her parents eyes,  Geraldine Nieto displayed her ray of beauty Sunday in Tyler to claim top status in the Sunburst Talent/Beauty Contest.
    The 5-year-old Athens resident is the daughter of Jaime and Karla Nieto.

    April 16, 2014 1 Photo

  • Dozens attend council meeting for recovery, transfer station

    Nathan Bullard, owner of Yellow Box Environmental LLC,  was at Gun Barrel City Hall to explain future development plans for property located at 546 Gun Barrel Lane.
    Bullard said he wanted to introduce himself and his company to the neighbors who own property close to his project.  
    Bullard was on hand to inform the public and address any concerns about the company’s plan to build a recovery and transfer station.

    April 16, 2014

  • Commissioners sign proclamation for San Jacinto Day

    The battle of the Alamo may be the best remembered conflict in Texas’ fight for independence, but the battle at San Jacinto closed the deal.
    Representatives of the Sons of the Republic of Texas were on hand at the Henderson County Commissioners Court meeting Tuesday in observance of a proclamation, declaring April 21, San Jacinto Day.

    April 16, 2014

  • Ram to donate $20 per test drive to FFA Organization

    On April 26 between 10 a.m. and 2 p.m. the Ram Truck brand and Elder Chrysler Dodge Jeep Ram will host The Next Crop Project fundraising event at the dealership to benefit the National FFA Organization and local FFA chapter leadership programs in Henderson County.

    April 16, 2014