About Me
- Tom Hatton
- Degrees from South Plains College and Texas Tech University. Veteran United States Army. Involved in Real Estate 20+ years.
Friday, March 30, 2012
Tuesday, February 8, 2011
Friday, January 21, 2011
Lubbock Market Statistics - How Accurate are They......Really!
Ok, how many times have you seen it - "the statistics show that bla, bla, bla". What do they really mean and how reliable are they? Well like the old saying about computer data goes, "GIGO" garbage in - garbage out. If you input incorrect information, then the information you get out will be incorrect as well. The statistics are only as good as the data that was used to compile them. I have seen some stats on the Lubbock, TX market that are just wrong. I don't think anyone is trying to skew the information, but some of these automated stats on non-local sites just don't have the correct data. It's also possible that there is data that shouldn't be included or that should be included that has been somehow missed.
At Keller Williams we believe that we have put together market statistics that give a true picture of what has really been happening in the Lubbock residential market. These figures come directly from the statistical information gathered by the Lubbock Association of Realtors and Navica. This is actual data from the listing and sales figures from the Multiple Listing Service. It's interesting to see how the market flucuated between different price ranges in different months and just how housing sales faired through the year. It would take too much space to list them all here, but they are available on my website at http://www.tomchatton.com/ on the left side of the page.
At Keller Williams we believe that we have put together market statistics that give a true picture of what has really been happening in the Lubbock residential market. These figures come directly from the statistical information gathered by the Lubbock Association of Realtors and Navica. This is actual data from the listing and sales figures from the Multiple Listing Service. It's interesting to see how the market flucuated between different price ranges in different months and just how housing sales faired through the year. It would take too much space to list them all here, but they are available on my website at http://www.tomchatton.com/ on the left side of the page.
Tuesday, June 8, 2010
Short sales? Takes patience
If you are thinking of looking for short sales, that is houses that are selling for less than they are worth to avoid forclosure, keep in mind a few factors. A short sale has to be approved by the bank or mortgage company that holds the mortgage on the property. While it may be true that you can get a good deal on a short sale, these lenders are not anxious to sell a property for a whole lot more than it's worth. Also, it takes longer to get a short sale closed than normal, so you have to be willing to wait and be patient with the process. It certainly is worth looking into, you just need to know it may take awhile. For more info, check out the "This Month in Real Estate" link on this site. I think you will find it interesting.
Wednesday, May 26, 2010
Going to Texas Tech? LCU? Wayland? SPC?
Why rent and throw money away every month when you can invest in a home? Call me and let's talk about getting more than just a degree!
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