“Never express yourself more clearly than you are able to think.”-Niels Bohr

OWNERS NEWSLETTER – JANUARY 2018  

DEEP FREEZE – Temperatures here in Central Texas dropped below the freezing mark beginning Sunday, December 30th, and did not rise above freezing until Wednesday, January 3rd. During that time period, temperatures fell into the low 20s at night and generally remained in the upper 20s during the day with periodic snow showers. We began notifying all of our renters last week of the coming cold front and gave them instructions on how to prepare and take preventative freeze measures in order to minimize property damage. A few properties did experience frozen and burst water lines.

Some effects of the hard freeze will not be known until this coming spring. Sustained hard freezing temperatures will often kill St. Augustine grass root systems and severely burn or kill many varieties of plants and shrubs that might otherwise handle brief drops in temperatures below the freezing mark.

YEAR-END STATEMENTS – Year-end summary statements and IRS 1099 forms were both e-mailed and posted to owners’ on-line accounts on January 1st .

MORTGAGE COMPANY DATA – At some point between last month and this March, your mortgage company will furnish you with a copy of your escrow accounting showing expenditures for taxes, insurance, and interest for the year 2017. This information is provided by the mortgage company for your tax filing. When filing your taxes, you should also include any receipts for personal expenditures you had, such as costs associated with travel to visit your property in 2017.

INTEREST RATES – Rates continue to remain low. The current interest rate on a 30-year conventional loan is about 4.125%. The VA rate on a 30-year note is 3.625% and 3.75% for FHA loans. The rates are lower on 15 and 20-year notes. Now is still a great time to purchase real estate or refinance.

6,700 – Approximate number (20%) of Fort Hood soldiers currently deployed around the world.

28.3 MILLION – Current population in Texas after gaining 400,000 new residents last year according to the Census Bureau. Texas had the seventh fastest growth rate in the country in 2017.

2017 – Killeen’s deadliest year in over twenty years with 21 homicides. The Killeen Police Department has sought assistance from the Justice Department in an effort to formulate a crime reduction strategy.

David Gerke

Broker

Posted by: juliem on January 16, 2018
Posted in: Uncategorized