OWNERS NEWSLETTER – MAY 2018
“Generosity is giving more than you can, and pride is taking less than you need.”-Kahlil Gibran
TROOP MOVEMENTS – The Army is considering converting its 2nd Brigade, 4th Infantry Division (currently based at Fort Carson, CO) from an Infantry Brigade Combat Team to an Armored Brigade Combat Team. If this comes to fruition, both Fort Hood and Fort Bliss, Texas, are in the running to be considered for the Armored Brigade Combat Team’s new home. If Fort Hood is selected, the brigade would add an additional 4,000 plus soldiers and their families to our area.
NEW BRIGADE COMING TO FT. HOOD – The Department of the Army recently announced that the 3rd Security Force Assistance Brigade will be stationed at Fort Hood. The brigade will add an additional 800 soldiers to the post’s present assigned strength of approximately 36,000 soldiers.
MOST PATRIOTIC – Killeen was just named the most patriotic city in Texas by Insurify, an on-line insurance shopping platform. Killeen was awarded this title for having the highest percentage of past and present military service members of any other community in Texas.
100th ANNIVERSARY – Fort Hood’s III Corps marked its 100th anniversary this month. The Corps was created on May 16, 1918, during World War I.
INTEREST RATES – Rates continue to inch higher. The current fixed interest rate on a thirty-year conventional loan is 4.75%. The current fixed interest rate on a thirty-year VA loan is 4.375%, and the current rate for a thirty-year FHA loan is 4.5%.
AREA SALES – According to information provided by the Real Estate Center at Texas A & M, Killeen, Copperas Cove, and Harker Heights had 269 combined home sales of listed properties last month and a combined inventory of listings of 692 residential properties. By city, Killeen had 162 sold listings in April, with an average sales price of $137,350 and a median sales price of $125,500. Harker Heights had 39 sold listings with an average sales price of $208,612 and a median sales price of $207,450. Copperas Cove had 68 sold listings with an average sales price of $129,338 and a median sales price of $130,450.
RENTAL TRAFFIC – Demand for rental housing remains high. We ended the month of April with 99% of our rental inventory occupied. We leased eighteen single-family homes last month and four apartments, and successfully renewed the leases of thirty existing renters. We are off to a good start to the summer!