Articles for September 25th, 2007
Kitchen and Bath Business Feature Local Kitchen Sales Genius
That would be Michael and Jan Davis of Capital Distributing, whose Turtle Creek kitchen was just published in Kitchen and Bath Business News and even better, the photos were taken by Jan herself. Danny Piassick, are you seeing this?
A Message to Mr. and Mrs. Jewel and Jean Kelly. Of Plano
I know you have an adjustable rate mortgage loan and you are seeking a fixed rate. I know that 2.5 other million ARM holders should be doing the same thing. But please go back to that application you filled out at six a.m. this morning and correct the phone numbers. Maybe you wrote “214″ instead of “972″. Maybe you simply transposed two numbers — I am occasionally dyslexic. But I have received five — maybe six calls just this morning and I am not in the market for a mortgage. Not yet. I do not live at 5837 Broadwell Street in Plano. I am not Mr. or Mrs. Kelly. And if I’m getting all your mortgage calls, you aren’t. And I can feel the heat from your ARM as it gets ready to swell up and take an even bigger chunk out of of your life, voracious serpent that it is.
Home Sales Decline II: Almost Prozac Time
Talking to some of my sources today, we are definitely seeing a softening in our local market. Blame 5 states for the credit crunch: Michigan, Nevada, Arizona, Florida and California. (In fact, maybe they should just secede from the Union — our market might be a whole lot rosier.) And would the spec builders just please put down their hammers? The problem, I hear, is that inventory is moving but every time you blink someone is breaking ground on yet another spec home. Most overbuilt? The one to three million dollar home category. Couple this with 2.5 million ARMs adjusting this year and experts expecting most of those to go bad. What can I say — it’s Prozac time.
Carleton Varney Brings Us The Greenbrier
News flash: Designer extraordinaire Carleton Varney has wrestled a fab weekend for two at the Greenbrier to be auctioned off at Slocum Street Style next Thursday, October 4. This all courtesy of the new Stoneleigh Hotel and Residences. You will have a chance to rub shoulders with Mr. Varney at the Brendan Bass Showroom that lucky day from 5:00 to 7:00 p.m. (Brendan Bass is located at 1515 Slocum Street, right in the heart of all the action.) Mr. Varney just draws in the best people: first person to RSVP to the Oct. 4 event– Caroline Rose Hunt.
Slocum Street Style…. Just Around the Corner
Next Thursday, October 4, get ready for the annual Slocum Street Style (and silent auction) benefiting the Dallas County Medical Society Alliance Foundation. The fun starts at 6:00 pm and includes a silent auction like none other seen. Case in point: these two burl mahogany occasional chairs covered in red Thai silk valued at just under $5000 for the pair. Get your pencils ready.
Home Sales Decline
And the Dallas Morning News reports that even the stable cities, like Dallas, may see some slowdowns.
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