David Companik, Realtor® | Blog

My Newsletter Update – Madisonville TX Real Estate

EDIT: The photos were not displaying when I first posted this entry, but I’ve corrected the issue! Please take a look below.

Dear Friends,

It has been nearly one year since I last e-mailed you all to say “hello” and update you on my life and real estate work here in Madisonville. I hope this e-mail finds everyone blessed and in good health; please respond and let me know how you all are these days!

My wife Jennifer and I are enjoying life in Madisonville, especially the outdoor activities and projects that keep us busy. As of October, our backyard is now home to a small vegetable garden, an orange tree, and a compost bin! Here’s a photo of our square foot garden: (Click here to continue…)


Three Texas Cities Among Nation’s Most Affordable
November 10, 2010, 1:07 pm
Filed under: Economy, Real Estate News | Tags: , , ,


NEW YORK (Forbes) – Three Texas cities made Forbes’ list of ten most affordable U.S. cities.

San Antonio came in sixth with Houston right behind at seven. Austin claimed the final spot on the list and was noted as one of the nation’s hottest cities for high-tech jobs.

Forbes attributed the number of Texas cities on the list to the state’s business-friendly climate, rich natural resources and stable housing economy.

“The state (as a whole), and Houston and San Antonio (in particular) are deriving significant income from domestic in-migration. People are moving to Texas because of job availability and because of the cost of housing being so low,” said Real Estate Center Research Economist Dr. Jim Gaines. “Texas has always been a wide-open laissez-faire, low-control, low-regulation place.”

Madison County Market Update

Below is my original article that appeared in the September 8th, 2010 edition of the Madisonville Meteor newspaper.

Madison County Market Update

by David Companik, Realtor®

As a real estate agent, I find myself inundated by “real estate updates” about the national and statewide markets: US home prices, Texas median prices, Houston residential sales, etc. While this information helps me assess the overall health of real estate sales in America, it does not address the questions my clients ask about the market in Madisonville. I’d like to answer some of those questions and bring you up to date on Madison County real estate trends. Continue reading…

Texas Cities Hold Top Four Job-Growth Spots
August 2, 2010, 6:09 pm
Filed under: Real Estate News | Tags: ,

Texas Cities Hold Top Four Job-Growth Spots

“Austin and the three other major Texas markets registered the nation’s strongest employment gains during the past five years, according to figures released Wednesday morning by the U.S. Bureau of Labor Statistics.
“Austin came in No. 3 with 56,100 new private-sector jobs created between June 2005 and June 2010. Houston topped the list with 129,800 new private-sector jobs followed by Dallas, with 71,300 jobs created. San Antonio ranked No. 4, with a gain of 32,600 positions during the same time period.” – SOURCE: Austin Business Journal – July 28th, 2010

Mortgage Rates Hit 4.56%, Record Low
July 22, 2010, 12:23 pm
Filed under: Buying, Home Loans, Real Estate News, Refinancing

Mortgage Rates Hit 4.56%,  Record Low – SOURCE: Yahoo! News.

What does this mean for you?

For those home owners who qualify, refinancing an existing home loan can be a money-saving solution to high monthly mortgage payments. To estimate the amount of interest savings you may realize by refinancing, check out the Mortgage Refinance Calculator on Realtor.com.

For qualified home buyers, lower is always better! Purchasing your home now with a low interest rate loan will give you budgetary peace of mind when you factor an affordable mortgage payment into your monthly expenses. Use the Home Affordability and Mortgage Calculator tools on Realtor.com to establish your general price range and estimate your monthly home loan payment.

Unfortunately, many home owners seeking to refinance and buyers preparing to purchase are unable to take advantage of these new interest rate lows: stringent lending standards, underwater mortgages, unemployment, low credit scores, and the cost of mortgage insurance premiums and loan points, have made it difficult or unprofitable for some to secure these attractive rates. But don’t let the uncertainty stop you from reviewing your options! A knowledgeable mortgage broker, loan officer, or banking adviser can determine your eligibility, discuss the costs of securing a new or refinanced loan, and, if you don’t currently qualify, provide you with helpful tips for building a favorable financial and credit record that will strengthen your loan application in the future.

If you have any questions about refinancing, call or e-mail me for assistance!

July 13, 2010, 3:50 pm
Filed under: Real Estate News | Tags: , ,

Texas in the News…

Three Texas cities dominate list of best cities for young professionals
“According to Forbes, Texas cities claimed three of the top ten spots in the list of best places for young professionals to live (America’s Best Cities For Young Professionals by Francesca Levy, Forbes.com, June 17, 2010). The list, ranking cities by affordability, good job prospects, and larger-than-average incomes, ranked Houston, Dallas and Austin at numbers one, six, and 10, respectively. The report also cites these cities business-friendly environments and real estate stability as reasons these are top places.”  – SOURCE:  “Inside the news” on TexasRealEstate.com