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Shopping centers, office buildings, industrial spaces, hotels and apartments can expect a period of “enveloping gloom” from the recession and credit crunch, according to a report released on Thursday. Values will plunge, vacancies will rise and rents will… Commercial property - Real estate - Business - Office - Recession

South Lee County Real Estate Transactions from Oct. 26-30, 2009 (Naples Daily News)

South Lee County real estate transactions reported from Oct. 26-30, 2009. Click on link at left to view the entire list of sales.

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By Richard Soto

 Weve all become quite accustomed to hearing about the dismal real estate market and the countless homes that are sitting on the market, just waiting to be sold.

Dont believe everything you hear; at least when it comes to the Dallas-Fort Worth area.

New Home Numbers Dwindling, Despite National Housing Slump

For three, consecutive years, Dallas-Fort Worth builders have sold more homes than theyve built. It seems quite odd, but its true. As the recession took hold and the regional and national real estate started its downward spiral, many of the areas builders simply stopped building.

As a result, new home numbers have steadily declined and, when the first of the year rolls around, there may be few, new homes from which to choose. Industry analysts expect that many of the areas builders will need to increase their new home output by 30 to 40 percent just to keep up with their current sales pace.

New Construction Drops off as Demand Increases

Many of the regions real estate agents have seen a steady demand for new homes, but new home construction has backed way off, creating quite a predicament for the better part of next year. In fact, during the last, two years, builders in North Texas have sold nearly 13,000 more homes than they have built.

As a result, the inventory of new homes in this area has fallen below 5,000; thats just a short, three-month supply. Other areas across the country, in contrast, have about a seven-month supply of new homes.

Much of the discrepancy between new homes that have been sold versus built lies with the new homeowner tax credit. This tax credit has resulted in the sale of thousands of new homes, thereby leaving very few new homes still on the market.

Funding Requirements Remain an Issue

Many Dallas-Fort Worth area builders are still concerned about the funding requirements for new home construction. In addition, many of the areas builders, including Bill Darling, are not able to secure funding to build more homes. In fact, many of the areas homebuilders know that they could sell new homes if they were just able to secure the capital to do so.

Unless a homebuilder has a strong relationship with a local lender, lines of credit are nearly impossible to come by.

Darling now estimates that nearly 70 percent of the homes he builds are already sold.

With credit lines cut for homebuilders and lower prices and tax incentives for buyers, its no wonder why the inventory has fallen to such a low level.

However, when the lending sector loosens its grip on lines of credit, many of the areas builders may soon be experiencing an influx of new home sales. Thats great for homebuyers in the Dallas-Fort Worth area; and even better for the real estate sector and the economy as a whole.

Now, the question is: how fast can the areas home builders keep up with the demand, especially as the new year quickly approaches?

Whether you are a buyer or seller, stay ahead of the market trends by reading our informative analysis, which encompasses Fort Worth real estate and Fort Worth real estate blog.

Home Security from Lowe’s

By Carrol Wagner

 Lowe’s offers several products aimed at helping customers secure and protect home and property. Some of these include fire and waterproof safes, smoke detectors, and carbon monoxide detectors. Fire and waterproof safes allow homeowners and businesses to protect confidential information, collectibles and firearms. Lowe’s best safe is a maximum home security system for items to be protected.

Fire protection rating is 1400 degrees for 30 minutes. Solid steel construction and an electronic lock keep items secure. Available in black with chrome hardware, a one-year warranty is included. The interior can be configured 4 ways, allowing the owner to customize it for the best fit of documents and items.

Lowe’s mid range Sentry Safe Executive Safe has 8.2 cubic feet of space inside. This safe is a good home security system for firearms or documents and items. It has a 7-14 gun capacity. The interior can be converted 4 ways. Solid Steel construction and a 3-number combination lock with lever handle secure contents. A one-year warranty is provided.

Home and Business owners who need less space but equal protection will find the Sentry Safe Fire-Safe Waterproof Security File a good addition to their home security system. The safe protects valuables from fire and water damage.

With storage space of .7 cubic feet, the safe features molded resin construction and a tubular key lock. UL classified 30 minute fire protection up to 1250 degrees is provided. The system comes with a one year warranty and verified waterproof seal.

Smoke detectors from Lowe’s add a vital element to any home security system. Smoke detectors are required by the national electrical code. Smoke detectors come in battery operated styles and wired styles. Wired detectors will have battery backup in case of power failure.

Lowes stocks standard smoke detectors that are ideal for bedroom or kitchen home security systems. Powered by 9 volt battery, the smoke detectors feature low battery indicator lights and come with a 3 year limited warranty. Wired smoke detectors available at Lowes include stand-alone and interlocked systems. Interlocked smoke detectors have an added safety feature. If one alarm is activated, all smoke alarms in the building will sound. This type strengthens the home or business security system due to the added layer of fire protection.

Hardwired smoke detectors feature front-loading backup battery doors, AC quick connect power harnesses, interconnective capabilities and a 5 year limited warranty. Homeowners who wish to install interconnected smoke detectors without rewiring can use Lowe’s wireless interconnected DC smoke alarms. This product enables homeowners to update the home or business security system without the expense of hiring electricians or contractors to rewire the facility.

The 9 volt battery powered unit protects even during power outages. The 85 decibel alarm is loud enough to wake most sleeping adults should fire or smoke be detected. The smart touch button silences false alarms and low battery alerts and will test the system. A 10 year warranty is provided.

Carbon monoxide detectors have quickly become part of most home security system components. Lowes features carbon monoxide detectors alone or in combination with smoke detectors.

The digital DC Carbon Monoxide Alarm is battery operated with an easy read digital display. An advanced electrochemical sensor connects to an 85 decibel alarm. The unit comes with a 5 year warranty. Lowe’s standard Carbon Monoxide Detector is battery operated and updates every 15 seconds. Sensor is permanent and test/retest button included. The 85 decibel alarm sounds loud enough to alert home and business owners.

Home security system products at Lowes include safes to protect valuables, smoke detectors and carbon monoxide detectors. Home and business owners have a wide variety of choices in product features. Smoke detectors and carbon monoxide detectors are available in combination units featuring both capabilities.

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