Real Estate Information

The Haley Memorial Library

Many Midland residents gathered at the Haley Memorial Library (www.haleylibrary.com) on March 2, 2010 in the late afternoon for a special celebration. The Daughters of the Republic of Texas and the Midland County Historical Society hold an annual gathering to celebrate Texas Independence Day. This day 174 years ago the Texas Declaration of Independence was signed, representing our freedom from Mexico. The Midland County Deputy Sheriff even joined in, leading the group in the annual singing of the Texas state song, "Texas, Our Texas." There was even a "Toast to Texas" with Texas themed shot glasses which were all filled with "branch water." This celebration has been taking place at the Haley Memorial Library since 1996, and before that is was held at the Historical Museum. The history of out state is very important to Midlanders, and we are very proud of our state. Not only was there a celebration, the DRT members went out to local cemeteries Tuesday morning and placed medallions on the gravesides of former members. All in all, Midlanders wanted to honor Texas.

Yucca Theatre is in downtown Midland, Texas.

Midland's downtown area has so much to offer, the buildings, old structures and timeless scenery. The Yucca is a great theatre, especially throughout the summer! Many interesting events are held there, including school plays and everyone loves the never  to be missed, Summer Mummers.  Summer Mummers is a long-standing Midland tradition and many look forward to excitement and camaraderie felt by all as they attend the great event each year. The Hilton in Midland is also located in the downtown area. So, if you are planning a visit to Midland, be sure to check out this great hotel.  The Hilton features a fabulous view from the balcony that overlooks downtown Midland. Also each Fourth of July they hold an impressive and amazing fireworks show over the Hilton and downtown, complete with live music….It’s really a treat for the whole family! The night life downtown has several sites that have been popular with locals as well as visitors for a many years. The Bar it’s full of fun with live music and has some great food.  One of my favorite restaurants in Midland is located in downtown across from the Main Post Office on Wall Street; it is The Wall Street Bar and Grill. The Midland favorite has a great atmosphere and the staff is very attentive and the Food is Fabulous!  They have the best sea food and steaks in town! In case you would like a more personal or romantic dinner Luigi's has the great Italian food, with great pasta, pizza, and lasagna over a candle lit dinner!  Midland is a very friendly town with a lot to offer the entire family. 

I'm often asked if this is a good time to buy a home. Some clients are concerned that home prices may fall further than they have already. They are assuming that the best course of action is to wait for the bottom in the market and then buy. The problem with this approach is that you don't know where the bottom is until you see it in the rear view mirror, meaning until you've missed it!

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have gone up in the last six months, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates go up, it could cost you even more to service a mortgage on an identical home!

While a home is a major investment, it is also the center of your personal life. It's important to live in a home that reflects your taste and values, yet is within your financial "comfort zone." To that end, it may be more important to lock in today's relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.

Please give me a call if I can be of any assistance in determining how much home you can afford in today's market.