Real Estate Information Archive


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This Week's Foreclosure List

by Ashton Gustafson

Good morning to you!

I've found 3 foreclosures this week, and they all look like true opportunities. Most foreclosures we see in our market are low end and in pretty bad shape...these are not. See below for the ones available at this time. If you know anyone in the market or have a desire to preview any of these, please let me know.

4918 Silvercrest - $258,500 - 4 beds 3 baths - 3 garage


4822 Rhea Road - $117,000 - 3 bed - 2 bath

2946 Lavell - $46,000 - 2 bed - 1 bath

Please call or email with any questions about how these can be previewed or aquired.

To subscribe to our foreclosure email list, see

Have a great week.

Pay For Your Child's Tuition With Real Estate

by Ashton Gustafson

Did you know that an investment of $7,000 could lead to a value of $109,000 within 15 years? Have you ever thought about have a tenant or renter pay for your children's education? Today there a numerous concerns about the increasing cost of college education. Here, in the video below, Ashton shows us how we can take a small investment and create incredible wealth through Real Estate.

For more information, please let us know how we can serve you further in this manner. You can reach Ashton direct @ 940.224.0881 or .

Ashton's Weekly Real Estate Update

by Ashton Gustafson

Good Monday morning to you! I hope you had a great weekend!

Right now all the buzz in Wichita Falls is with the 1st Time Home Buyer Tax Credit expiring on December 1st. I had the privilege of being on the news this week to discuss this matter. See link below for the story...

Also, there have been some wonderful ranch properties come on the market in the last few weeks. These are great opportunities right now to own fabulous parts of Texas - if you or anyone you may know has an interest here, please let me know - I'll email you the information.

As we approach these last couple months of the year and head towards the Holidays, I encourage you to make a difference. Work as hard as you did in January, engage with laser focus, laugh more, taste every ounce of life, and love well.

"We dont tie...we win." Carl Gulley

1st Time Home Buyer Tax Credit - Ashton on the News

by Ashton Gustafson

See link below...Ashton discusses the 1st Time Home Buyer tax credit to expire on November 30. 

For all Wichita Falls Real Estate news, see 



Ashton's Real Estate Update

by Ashton Gustafson

Good Monday Morning to you!

The Autumn weather the last few days has been beautiful, and it looks like this week will offer the same.

See link below for this week's video update.

Remember these sites: - For Buyers - For Sellers - Market Update

If I can serve you or anyone you may know this week, please let me know.

"Many of life's failures are people who did not realize how close they were to success when they gave up." Thomas Edison


Update On Mortgage Rates

by Ashton Gustafson

Rates have risen slightly in the past week along with the stock market. You will see the current rate chart from a local lender today. The ten year Treasury is now trading just below 3.5%, up from the 3.2 % range last week which has caused rates to move upward.  It seems that when news about the current economy is positive, rates move upward.  They are still near all time lows as you will see on one of the charts I have attached.  As the economist have said, “don’t let interest rates stand in the way of purchasing a home”.
Have a good weekend. Let me know if I can serve or answer any questions.

Rates as of 10-16-09
30 yr fixed  4.875%     .75 + 0   (740 fico, >$125,000 loan amount)
                5.000%     .25 + 0   (740 fico, >$125,000 loan amount)
                5.125%         1 + 0  (740 fico, >$125,000 loan amount)
15 yr fixed       4.500%      0 + 0   (740 fico, >$125,000 loan amount)
FHA                5.250%       0+0    (640 fico, >$120,000 loan amount)

Ashton Gustafson - Info - For Buyers - For Sellers

Great news was released today for Wichita Falls and Sheppard Air Force Base - congress moved today to give American service members another 12 months to claim the popular 1st Time Home Buyer Tax incentive. Still has to pass Senate and be passed by Obama - but a great opportunity for buyers moving our way.

See link for article.


Wichita Falls Business Expo -

by Ashton Gustafson

When was the last time 100 people stopped by your office or store in one hour’s time?  With the average attendance at the Business Expo, it’s very likely that this many potential customers will be able to check out your products and services at the… 
Chamber Business Expo
Friday, October 30 at the MPEC.
This year’s Expo offers the best of everything – reaching both businesses and consumers!  Opportunities to reach new customers and clients abound, and it’s a great way to show off your products and services! Selling is allowed from booths, too! 
It’s only weeks away!
Get your booth space now before we sell out!

“Scare Up Some Business” at the 2009 Business Expo with a Halloween theme!
Booth rental fees are $250 to $375.
There are only 20 booths left!
See the attached map for details!
Contact The Chamber Office for details!
900 Eighth Street
PO Box 1860
Wichita Falls, TX  76307

Busy Weekend For Midwestern State Sports

by Ashton Gustafson

A mark in the win column is always good!  But great it was as MSU Athletics racked up big wins across the board this past weekend.   Midwestern State's Vjekoslav Stipanic and Bo Ziputovic claimed the 2009 Wilson/ITA South Central Men's Doubles' Championship.  The Lady Mustangs soccer team extended its regular season unbeaten streak to 17 matches, with a 1-0 overtime win over Texas A&M Commerce.  The men’s soccer team extended its regular season unbeaten streak to 18 with a 4-1 win over St. Edwards University.  Women’s cross country finished fourth overall in the small college/junior college division, ahead of all NCAA Division II competitors in the 26-team field.  Mustangs volleyball has now won four of its last six matches with a win over Texas A&M- International, and the #23 ranked MSU football team  enjoyed a big win over West Texas A&M 31-19. For complete stories and all the latest in MSU athletics, visit

Ashton's Real Estate Update

by Ashton Gustafson

Good Monday morning to you!

Looks like Fall is starting to creep its way into Texoma this morning. The weather forecast also anticipates much needed rain - we can never say no to the rain here in North Texas.

What about the Real Estate forecast???? Many of you have called and emailed me with questions in regards to where the market is headed. While I do not have a Real Estate "radar", I do know where the market is today - and that answer is good.

The first time home buyer tax credit is set to expire on November 30. If you are looking to get this tax credit, we need to be looking asap. See to make a "favorites" list and let me know when a good time for you to look is. The market is already getting tough in the ranges where these buyers are looking.

Also, interest rates are at historical lows. This is very important to remember, and often overlooked. The reality is, each time the rates increase, your purchasing power decreases - so today, you can afford more than you can tomorrow. The chart below will show you just how attractive these rates are - historically speaking.

We have also seen great results lately on the selling side here at the Bishop Group. There's no doubt its tough out there, but in this down market we are ahead of where we were a year ago.

Please let me know if there is anything I can do for you or anyone you may know this week...I'm here to help.

Make it a great week.

"You will find the key to success under the alarm clock." Ben Franklin

Displaying blog entries 1-10 of 10

Contact Information

Photo of Ashton Gustafson Real Estate
Ashton Gustafson
The Bishop Realtor Group
1916 N. Elmwood Ave.
Wichita Falls TX 76308
Office: 940-691-7355
Fax: 940-691-7363