The Colony Leader (The Colony, Tex.), Vol. 14, No. 14, Ed. 1 Wednesday, February 22, 1995 Page: 13 of 43
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Grubbs team honored
Wednesday, February 22, 1995 — The Colony Leader — Page 5B
Climbing rates cause slowdown in markets
Singled out for their ex-
traordinary dedication to
every aspect of customer
service and achievement
of results, Tim and Leslie
Grubbs of Century 21 Pa-
cesetters, Realtors have
been honored with the
Centurion Award, one of
the highest levels of rec-
ognition awarded to top-
producing, top-servicing
sales associates and
offices in the Century 21
system.
To be considered for
Centurion status, a sales
associate must achieve a
specified, high level of
production, which is
reached by providing ex-
ceptional service. Only
about 172 percent of the
approximately 70,000
sales associates in the
Century 21 system
achieve this honor each
year. These individuals
have demonstrated a
commitment to quality
service, as well as pride in
their profession and they
position they hold within
their local community.
“We believe that the key
to achieving this level of
success is simply a matter
of priorities,” said Tim and
Leslie Grubbs. “Quality
customer service is our
number-one priority. This
special Centurion de-
signation is a direct result
of consistently exceeding
our customers’ expecta-
tions.”
Century 21 Real Estate
Corporation is a wholly
owned subsidiary of Met-
ropolitan Life Insurance
Company. The Century
21 system is the world’s
largest real estate sales
organization, with a pre-
sence in 15 countries and
territories; approximately
6,000 independently own-
ed and operated franchise
broker offices in the Un-
ited States, Puerto Rico,
Guam, Canada, Mexico,
Japan, Hong Kong,
France, the United King-
dom, Austrailia, New Zea-
land and Papua New
Guinea; and regional sub-
franchise agreement for
broker office development
in Belgium, the Nether-
lands and Luxembourg.
Climbing interest rates are
being blamed for a slow-
down in the existing-home
market, as moderate in-
creases in sales were re-
ported in only four states
during the fourth quarter of
1994 compared to a year
ago, according to the
National Association of
Realtors.
According to the associa-
tion’s latest quarterly survey
of sales of previously owned
homes, home sales rose
during the fourth quarter 8.3
percent in Delaware, 5.7
percent in Michigan, 3.1 per-
cent in Arizona and 0.8 per-
cent in Minnesota, com-
pared to the same period a
year ago.
While figures for Alaska
and Georgia were unavail-
able, a total of 43 states and
the District of Columbia re-
ported home sales down in
the fourth quarter. Of those
states, 24 and the District of
Columbia experienced dou-
ble-digit drops compared to
the fourth quarter of 1993.
Only Florida reported resale
activity unchanged com-
pared to a year ago.
Nationwide, the NAR sur-
vey showed the seasonally
adjusted annual resale rate
of existing single-family de-
Nationwide, the NAR survey showed the sea-
sonally adjusted annual resale rate of existing
single-family detached homes, town houses,
apartment condominiums and co-operatives
totaled 4.31 million units for the fourth quarter
of 1994, a drop of 6.7 percent more than the
4.62 million units sold during 1993’s fourth
quarter.
tached homes, town
houses, apartment con-
dominiums and co-
operatives totaled 4.31 mil-
lion units for the fourth quar-
ter of 1994, a drop of 6.7 per-
cent more than the 4.62 mil-
lion units sold during 1993’s
fourth quarter.
NAR President Edmund
G. Woods, Jr. said the fi-
gures show the continuous
rise in mortgage interest
rates during the past year
has proven to outweigh con-
sumer demand in the mar-
ketplace.
“Each time the Federal
Reserve Board has hiked in-
terest rates in the last year,
another group of consumers
has either been locked out of
the market or dissuaded
from making a purchase. Af-
ter seven hikes, the housing
market nationwide has really
begun to feel the sting of
consumers unable to with-
stand higher rates,” Woods
said.
The NAR survey showed
home sales declined in the
fourth quarter of 1994 com-
pared to a year ago, in every
region of the nation.
“While in the past, some
slowdowns in various mar-
kets have been attributed to
natural disasters such as
floods and storms, the only
disaster the fourth-quarter
slowdown can be attributed
to is an interest-rate disas-
ter,” Woods said.
NAR Executive Vice Pres-
ident Dr. Almon R. “Bud”
Smith said that rising rates
have served to extinguish
many of the opportunities in
the marketplace that had ex-
isted for first-time buyers to
move from renter to owner.
“The continuous upticks in
rates are really dampening
affordability conditions and
the dream of home own-
ership,” Smith said.
The Midwest region of the
nation experienced the least
severe drop in resales dur-
ing the fourth quarter of 1994
compared to a year ago. The
region, which posted a 4.2
percent decline in resales
compared to a year ago, was
the only one to record two
states where resales in-
creased. In Michigan, re-
sales rose 5.7 percent, while
Minnesota gained .8 per-
cent. North Dakota, the re-
gion’s hardest-hit state, re-
ported a drop in sales of 16.8
percent for the fourth
quarter.
Sales of existing homes
fell 8.7 percent in the West in
the fourth quarter of 1994
compared to the same time
last year. States hardest hit
in the region included Col-
orado, down 21.4 percent;
Oregon, down 19.9 percent;
and Idaho, down 19.7 per-
cent.
In the Northeast, where no
states reported an increase
in sales for the fourth quar-
ter, resales were down 8.3
percent. Vermont posted the
greatest drop in sales of 22.8
percent, followed by Maine,
down 14.6 percent and Mas-
sachusetts, down 13 per-
cent.
Realtor recognized
as top producer
by Century 21
Patty Bingham was
honored at the Century 21
annual awards banquet
on Feb. 3, at the Sheraton
Grand Hotel in Irving.
Bingham earned recog-
nition as a $2-million pro-
ducer. The award’s
criteria is based on pro-
duction closed in 1994 by
a level of gross sales in-
come and transactions
closed. Associated with
Century 21 Pacesetters,
Bingham has been in the
real estate industry since
1985 and owes much of
her success to the level of
service offered, in addition
to the latest training and
tools available through the
Century 21 system.
Century 21’s North
Texas Regional office, lo-
cated in Las Colinas,
hosted the event which
was attended by more
than 800 sales associates
and brokers.
Create a roomy, practical study space for your children
Parents and caretakers
can help make their chil-
dren’s school experience
both productive and enjoy-
able. One way is to create an
environment at home where
they will feel motivated to
study and do their home-
work; it is important to create
an area that’s fun yet func-
tional. It’s an effort that can
be a rewarding family pro-
ject.
Dr. Mary Gurley, OSF,
Ed.D, assistant professor of
education at Assumption
College, Worcester, Mas-
sachusetts, said, “Children
have an innate need to be
organized, to have things at
their fingertips.”
Their study area should
be designed with this con-
cept in mind.
The first step is to review
the child’s needs and wants,
style and personality. This
will guide you in the general
design and organization of
the area.
Next, gather together all of
the child’s school supplies
and accessories and decide
what should be kept and
what should be thrown
away. It’s a good idea to
store similar items together;
for instance, put crayons
and markers in the same
container or area. Look for
modular, stackable storage
containers like the Accessi-
bles and StorageMate bins
and crates made by Tucker
Housewares. They’re avail-
able in a variety of sizes and
colors.
Store items like pencils,
paperclips, crayons or mar- the children in selecting the
kers in Tucker’s colorfully colors and kinds of contain-
Corky Bennett
625-5898
tinted Serve ’n Store con-
tainers. Tucker Accessibles,
with their see-through, easy-
open-and-close windows,
can hold security items —
personal belongings like
toys or books that some chil-
dren need to feel at ease
while studying. Paper, report
covers, notebooks, dic-
tionaries and other resource
materials can be organized
in a modular system of
stacked StoraeMate crates.
It’s a good idea to involve
Dodie Kimberling
625-5199
Delbert Randolph Norma Blakemore
625-5890
625-5896
ers for use in their study
area, since the containers
will go a long way toward
personalizing this space.
To help do this, consider
some of these concepts
when designing the study
space:
Lighting. Some indi-
viduals prefer soft lighting
from a lamp; for others, over-
head fluorescent fixtures
work best. Install the kind
that suits your child.
Furniture. Think about the
furniture in the area. Some
students prefer a desk and
Kary & Larry McGish
625-4526
chair in their working area;
others need nothing more
than cushions on the floor.
Ask your child what he or
she prefers and incorporate
that into the room design.
Distractions. Regardless
of the style of the area, try to
eliminate as many distrac-
tions as possible. This in-
cludes television, radios or
other background noises.
Although some children can
do two things at once, they
should have the option of
going somewhere to study
where it is peaceful.
Kelly Gholson
625-5899
Don’t
Settle
For
Less, ______
Get The Best
In Your Real
Estate Needs
Can Me
To Buy or Sell
Raaj Krishnaiya
Century 21 Golden Corridor
P216E
Buyers
Call
^ 625-2525
Pauline Otey
For Information Regarding:
•Bond Money
•Loan start rate 3.75% adjustable
•Tx. vets special program 7.75%
Pauline Otey
Northstar
Realtors
Sharon Roll
625-5895
Bruce Lowery
625-5892
Karen Ferguson
625-7290
Nancy Marcum
625-5897
- MAY THE . •
• SOURCE ■
Moo Value
for your
dollar!
Linda Meek
625-5894
enfur
Shirley Moore
625-5895
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Cindy Snyder
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Bill Hall
625-5891
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Watterson, Tim. The Colony Leader (The Colony, Tex.), Vol. 14, No. 14, Ed. 1 Wednesday, February 22, 1995, newspaper, February 22, 1995; The Colony, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1680767/m1/13/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting The Colony Public Library.