First Preston HT

How to Get a Little R&R

ChristmasThe Holiday Season is in full swing now with Thanksgiving behind us.  December, for many of us, is full of parties being thrown by friends, workplace socials, and family gatherings, as well as traveling.  As the hustle and bustle of this time of year start to commence, how does one find a little R&R (rest & relaxation)?  Here are a few tips:

  • Say No: This is a favorite of mine and sometimes the hardest to do. If you are overbooked and stressed, it’s okay to RSVP no to an invite.  Stay home that night instead or get a spa treatment.
  • Hire Some Help: If you are hosting a party or the big Christmas dinner, hire people that can do the cooking for you, the clean up afterwards or to do the grocery shopping.  This will give you more time to get some R&R. If you can’t afford to hire the help ask your friends to volunteer to bring food or drinks.
  • Workout: It sounds counter-intuitive to try to squeeze in time to work out when you barely have time to sleep but even 30 minutes of a quick walk or yoga practice can help distress you and leave you feeling reinvigorated and relaxed.
  • Breathe: Really breathe – deep inhales and exhales with intention. This has been shown to reduce stress immediately and has a calming effect on the body and mind – instant R&R anywhere, anytime and fits any budget.

For information on effective ways to manage institutional and individual portfolios nationwide, or to shop for real estate visit First Preston HT. Like us on Facebook. Follow us on Twitter.

Dress for Success – What to Wear

REASuiteMale.bAs a Realtor, what you choose to wear and how you present yourself to your clients will make an everlasting impression.  So with constantly changing fashion trends, how do you decide what to wear?

It’s important to always look clean, neat and professional but where you work (i.e. large city, small town) can dictate your style.  Business attire is more appropriate in larger metropolitan cities while casual attire may be more appropriate for smaller towns.  One of my favorite rules – you can never be overdressed.

Women can wear a pant suit, or skirt with a shirt or sweater and a jacket.  Men can wear a suit and jacket with a tie or dress slacks with a button down shirt.  If you chose to wear an item that is more trendy/flashy, like colorful shoes, opt for the rest of your outfit to be more conservative.  This will create a balanced look that still allows your style and personality to show through.

Castle Peak Homes Gives New Life to Older Properties

Last year the housing market was mostly dominated by cash investors, many planning to flip properties or lease them out.  So far during 2014 investors still play a large role in the market although to a lesser degree since interest rates and prices have continued to rise.  Today we are taking a break from the housing market’s latest news and economic data reports to focus on a part of our business that brings new life to properties in need of a facelift.

Castle Peak Homes takes pride in improving the neighborhoods where we purchase properties by completing renovations that bring back the original glory of structures while including modern updates.  Each neighborhood has its own charm and style and keeping this intact is important in preserving these areas.  Castle Peak Homes embraces the original architectural style of each property and enhances them with modern day elements such as hardwood floors, granite counter tops and updated bathrooms.

One property Castle Peak Homes recently purchased and renovated was in Ft. Worth, Texas.  From the outside this duplex looked worn down and tired.  A fresh exterior coat of paint and bright new shutters helped transition this house to a home.  The existing hardwood floors were refinished, new interior paint throughout added, and a privacy fence in the backyard was installed along with some beautiful landscaping.  One of the kitchens was tiled to give it an undated feel as well.  The ‘before’ pictures first and and the ‘after’ pictures are next.

2713 exterior before 2713 exterior after

2713 rear after 2713 new after rear

Another purchased property, also situated in Ft. Worth, received a facelift.  This house had worn carpet and out-dated dark wood paneled walls.   A complete interior paint job, removal of the carpet and refinishing of the hardwood floors helped bring this house back to life.  A highlighted area of transformation was in one of the homes bedrooms which featured a fireplace.

Fire Place Before  Fire Place After

Castle Peak Homes is proud to add value to neighborhoods through the renovation of purchased properties and, at the same time, maintaining the character of each home as well as the charm and style of the neighborhood.

Please visit Castle Peak Homes for more information on our properties.  For information on effective ways to manage institutional and individual portfolios nationwide, or to shop for real estate visit First Preston HT. Like us on Facebook. Follow us on Twitter.

Housing Market Thawing Slowly as Supply Increases

The Federal Reserve’s recent two-day policy meeting painted a picture of sluggish growth in the economy for the first quarter of the year, mostly attributed to colder than normal weather which hindered economic activity.  Federal Reserve Chair, Janet Yellen, commented on labor conditions being tougher in some ways now than in any other recession and stressed the Fed’s “extraordinary commitment” to aid recovery in the form of massive bond-buying and super-low interest rates for some time to come.  The economic data has not been improving as quickly as many would have hoped for but there have been some positive reports that still point to a rebound.  This should have a positive impact on the housing market.  It’s time to put the first quarter behind us now and look for signs of growth during the second quarter in jobs, home supply, and home prices.

The U.S job’s report released Friday helped paint a brighter picture for the coming months.  The economy added 192,000 new jobs during March and the unemployment rate held at 6.7 percent according the Bureau of Labor Statistics.  These numbers came in around consensus but still do not point to a robust rebound.  Kathy Bostjancic, director of macroeconomic analysis at The Conference Board, said, “Undoubtedly, there was some catch up in hiring following the inclement weather this winter.  Still, the underlying hiring trend is encouraging, with more good news expected this spring and summer.”  As the employment picture brightens up, this will help strengthen the housing market as more people will look to purchase homes.

Housing supply has been on the rise since January, an important factor in getting the housing market to thaw out and eventually start booming.  The noted monthly supply in February was up slightly from January’s five month supply, citing 5.2 months of supply.  Six months of supply is considered a healthy housing market.  As more homes are built to increase inventory numbers, analysts believe this will help spur growth in the housing market.  Homeowners looking to sell their property will have an easier time looking for a new residence, which should encourage sales and purchases.

Case-Shiller Price IndexAs discussed in previous blog posts, the continued increase in home prices have made this a seller’s market, but have priced some potential buyers out of the market.  While prices have continued to grow, they are increasing at a decreasing rate (January noted a slight drop of 0.08% in the Case-Shiller 20 City Home Price Index). This points to a possible retreat in gains, reflecting a more normal range in prices over the next few months.  This will open the door to more market participants and will help get some momentum behind the housing market.

For information on effective ways to manage institutional and individual portfolios nationwide, or to shop for real estate visit First Preston HT. Like us on Facebook. Follow us on Twitter.

First Preston HT Celebrates 26th Anniversary

HeartTree26th.v4 copyOn February 14th, the First Preston HT family of companies celebrates 26 years of business innovation and exemplary customer service. First Preston HT extends appreciation to our employees, our national network of associates, and our clients who have helped to cultivate a legacy of business success and community service.

The First Preston HT family of brands includes:  First Preston, HomeTelos, HomeTracker, BidSelect, Lender Center, HT Solutions and Outdoor Quota Solutions.  To learn more about First Preston HT, visit www.FirstPrestonHT.com.  Remember to Like us on Facebook and follow us on Twitter.

Nancy Richards First Preston HT Founder Launches Values and Ventures™ Founders Award

Imagine a degree program which has as its mission to teach college students “how to make money, while giving back to the community.” Envision an undergraduate program which equips students to be able to secure great jobs and to create great jobs. This was the vision of Dallas real estate entrepreneur Nancy Richards First Preston HT founder and chairman. Three years ago Richards endowed a global entrepreneurship program via the Neeley School of Business at TCU.  Shortly thereafter the Values and Ventures™ Business Plan Competition became a reality.

Richards together with Values and Ventures co-founder, Lisa Barrentine added a new prize to the line- up this year. The Founders Award will encourage bold thinking and cutting-edge initiatives. The $5,000 prize will be awarded by the co-founders to inspire future entrepreneurs to dream big and plan well.

This year the Neeley School of Business at TCU hosts its third annual business plan competition, April 19-20.  Twenty eight undergraduate teams from across the country and around the world will compete for $43,000 in start-up funding. Each business plan must demonstrate a sustainable profitability model as well as a core component of community service. Other business plan competitions exclude under-graduate participation. “I think that entrepreneurship needs to be fostered in every way at every level,” stated Richards.

Successful entrepreneurs in their own right, Nancy Richards and Lisa Barrentine lead the First Preston HT family of companies (First Preston Management, BidSelect, and HomeTelos). During their 25 year history in real estate management and technology solutions, they have marketed and sold over 440,000 properties valued at over $40 billion. They have done so while demonstrating the principles of corporate responsibility and donating over $16 million to community service organizations across the country. Nancy Richards First Preston HT staffers are avid supporters of numerous community service initiatives.

The competition will be held April 19-20 at TCU’s Brown-Lupton University Union at 2901 Stadium Drive, Fort Worth. Who will win? Follow the two-day competition at www.facebook.com/neeleyschoolofbusinessattcu, on Twitter @NeeleySchoolTCU #tcuvv13, and live at www.neeley.tcu.edu/livestream Saturday 9am-1pm for finalists’ presentations, and Saturday evening beginning at 7pm for announcements of winners.

To read more about the First Preston HT family of companies visit http://www.firstprestonht.com/ Find them on Facebook or follow on Twitter.

Nancy Richards First Preston HT Founder Supports Values and Ventures™ Business Plan Competition|Past Winners Find Success

Give a man a fish and you feed him for a day. Teach a man how to fish and you feed him for a lifetime.” Chinese Proverb

Nancy Richards First Preston HT Founder believes in the power of entrepreneurship to create jobs and change lives. The first place winners of the 2011 Values and Ventures Business Plan Competition are successfully demonstrating the guiding principles of the event.

First place winners of 2011, Ayesha Ghaffar, Emily Hollingsworth and Emilie Lico impressed judges with their venture, Spring Back Recycling (formerly MattressWorks). The enterprise engages and employs formerly homeless and incarcerated workers to dismantle mattresses and recycle mattress parts. Spring Back creates jobs and equips employees with business training and a sustainable future while helping the environment. The Nancy Richards First Preston HT philosophy embodies this type of empowerment.

The Spring Back Recycling team  has proven the viability of their concept. The firm is now expanding to multiple markets. Spring Back Nashville, recently celebrated its first year in operation and has recycled over 15,000 mattresses, diverting in excess of 250 tons of waste from landfills. Their Colorado operation opened in August 2012 and has already re-purposed more than 1100 mattresses.  In the process they have generated over $110,000 in revenue and are bidding on a government contract. Spring Back Recycling has plans to expand the business model to additional states via licensing agreements.

Both Nancy Richards and Values and Ventures co-founding sponsor, Lisa Barrentine believe in the power of entrepreneurship to transform an economy, and impact the global community.

Successful entrepreneurs in their own right, Nancy Richards and Lisa Barrentine lead the First Preston HT family of companies (First Preston Management, BidSelect, and HomeTelos). During their 25 year history in real estate management and technology solutions, they have marketed and sold over 440,000 properties valued at over $40 billion. They have done so while demonstrating the principles of corporate responsibility and donating over $16 million to community service organizations across the country. Nancy Richards First Preston HT staffers are avid supporters of numerous community service initiatives.

The Richards Barrentine Values and Ventures Business Plan Competition is an invitation-only competition for undergraduate students. It rewards values-centered enterprises that incorporate ethics and community service. The competition will be held April 19-20 at TCU’s Brown-Lupton University Union at 2901 Stadium Drive, Fort Worth. Students will compete for $43,000 in total combined cash prizes. The presentation sessions are open to the public.

Follow the two-day competition at www.facebook.com/neeleyschoolofbusinessattcu, on Twitter @NeeleySchoolTCU #tcuvv13, and live at www.neeley.tcu.edu/livestream Saturday 9am-1pm for finalists’ presentations, and Saturday evening beginning at 7pm for announcements of winners.

To read more about the First Preston HT family of companies visit http://www.firstprestonht.com/ Find them on Facebook or follow on Twitter.

Nancy Richards First Preston HT Founder Supports Values and Ventures™ Business Plan Competition

The entrepreneurial spirit is alive and well at the TCU Neeley School of Business. Collegiate entrepreneurs from 28 universities across the country and around the world will compete neeley-school-of-businesssto earn funding for enterprising business plans that foster profitability and community improvement.

Nancy Richards First Preston HT Founder and Chairman was the impetus for the program. The founding donor, Richards believes in the power of entrepreneurship to transform lives and uplift communities. Richards and co-founder Lisa Barrentine trumpet the ability of entrepreneurship to transform an economy, create jobs and impact the global community.

Successful entrepreneurs in their own right, Nancy Richards and Lisa Barrentine lead the First Preston HT family of companies (First Preston Management, BidSelect, and HomeTelos). During their 25 year history in real estate management and technology solutions, they have marketed and sold over 440,000 properties valued at over $40 billion. They have done so while demonstrating the principles of corporate responsibility and donating over $16 million to community service organizations across the country. Nancy Richards First Preston HT staffers are avid supporters of numerous community service initiatives.

The Richards Barrentine Values and Ventures Business Plan Competition is an invitation-only competition for undergraduate students. It rewards values-centered enterprises that incorporate ethics and community service. The competition will be held April 19-20 at TCU’s Brown-Lupton University Union at 2901 Stadium Drive, Fort Worth. Students will compete for $43,000 in total combined cash prizes. The presentation sessions are open to the public.

Click here for a video of the 2012 Awards Ceremony or to learn more about the Richards Barrentine Values and Ventures™ Business Plan Competition .

To read more about the First Preston HT family of companies visit www.FirstPrestonHT.com   Find them on Facebook or follow on Twitter.

2012 Best Performing Small Cities | First Preston HT

Real estate’s next frontier may be small metros with hot job growth and high demand for housing. The Milken Institute, known for publishing the 2012 Best Performing Large Cities report, also produces the 2012 Best Performing Small Cities rankings.  The 2012 index analyzes 179 small metro areas.

top-small-citiesThe latest class of top 10 honorees all benefit from one or more of the following three  components.

  1. Stable public sector employment. (College or university towns, key research centers)
  2.  A growing energy sector
  3. Thriving high-tech sector

Six of top 10 small cities are alumnae of the 2011 rankings. These markets were immune to the housing collapse as their slow but steady housing markets never experienced a housing bubble.

The real estate appreciation outlook is strong in these markets. Residential sales and investment are expected to thrive provided sufficient inventory is available.

Top 10 Best Performing Small Cities for 2012:

  1. Logan, UT-ID — Utah State University
  2. Morgantown, WV — West Virginia University
  3. Bismarck, ND  — Oil boom. Well funded state government and infrastructure.
  4. Odessa, TX —  Energy boom kindled 8.5% growth in employment.
  5. Fargo, ND-MN — Oil boom. Steady healthcare and education centers.
  6. Longview, TX — Gas production and mining. Diversified economy.
  7. State College, PA — Penn State University. Gas pipeline.
  8. Midland, TX — Permian basin energy center.
  9. Tyler, TX — Healthcare and telecom hub.
  10. Columbia, MO — Certified industrial sites and a multiple stable employment bases.

To check out the rankings for all 179 metros or to download the full Best Performing Cities 2012 ranking report, visit Milken Institute.org.

To conduct property searches in cities throughout the nation visit FirstPrestonHT.com or BidSelect.com

For real estate portfolio management and real estate technology solutions, visit FirstPrestonHT.com

Source: Milken Institute. Best-Performing Cities 2012. Ross C. DeVol, Armen Bedroussian, Yu Liu. January 2013.

First Preston HT ® Celebrates 25 Years

Dallas -based First First Preston HT,  will  celebrate 25 years of business success on Thursday, February 14th. What began as a small woman-owned business has become a respected industry leader providing innovative and effective technology and service solutions to its clients. Major clients include leading lenders, government-sponsored entities, federal government agencies and private sector firms.  

To learn more about the First Preston HT family of companies visit www.FirstPrestonHT.com .  Find us on Facebook or follow on Twitter.