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Pat O'Reilly - Realtor, Real Estate Agent...The History Of Irving Texas

Posted by OReilly and Associates in Dallas-Fort Worth-Arlington, TX on Mar 27, 2009

Pat O'Reilly helps shorten your search for the best realtor or best real estate agent by providing you with a relationship based on trust and experience. Visit my website at patohomes.com to see all the Irving Real Estate homes for sale.

Irving Texas was founded in 1903 by J.O. "Otto" Schulze and Otis Brown. It is believed that literary author Washington Irving was a favorite of Netta Barcus Brown, and consequently the name of the townsite, Irving, was chosen. Irving originally began in 1889 as an area called Gorbit, and in 1894 the name changed to Kit. Irving was incorporated April 14, 1914, with Otis Brown as the first mayor.

By the late nineteenth century the Irving Texas area was the site of churches, two cotton gins, a blacksmith shop and a general store. The Irving district public school system dates back to the 1909 establishment of Kit and Lively schools. Population growth was slow and sometimes halting, with only 357 residents in 1925, but a significant increase began in the 1930s.

By the early 1960s the city had a population of approximately 45,000. A number of manufacturing plants operated in Irving, along with transportation, retail and financial businesses. The University of Dallas in Irving opened in 1956, and Texas Stadium was completed in 1971 as the home park of the Dallas Cowboys. Irving's population reached 155,037 in 1990 and is currently (2006) estimated at 201,927. Former Irving City Council member Mayor Herbert Gears was elected to a three-year term in June, 2005.

Joseph Rice recorded the history of Irving in his 1989 book, Irving: A Texas Odyssey (Northridge, California: Windsor Publications ISBN 978-0897813006). Rice explored Irving's past and culture in his treatment of the city.

For new construction and development click http://www.ci.irving.tx.us/economic-development/pdfs/BackPgAug07_1.pdf

Irving Texas Real Estate- 1910 Southstone, Irving Texas, 75060. Click on 1910 Southstone for detail information. This is a rare four bedroom home in Meadows subdivision with two full baths. This home has been well maintained over the years. Your children can walk to Elliott Elementary School. This home is close to shopping and entertainment. Lone Star Park and Nokia are closeby. This home features storm windows, a great covered patio and surrounded by a quiet neighborhood. The hot water heater was replaced in 2007. New carpet was installed recently. The interior also has a fresh coat of paint. This home is ready for you and will make a great starter home or with the four bedrooms can accommodate a large or growing family.

Are you one of "THOSE" that were waiting for the bottom before contacting your Real Estate Agent??? You want to buy that home in Irving but want to wait for the bottom!!! The wait is over. Interest rates for both 30-year and 15-year fixed rate mortgages hit another record low this week, according to the Primary Mortgage Market Survey released on Thursday by Freddie Mac.

For the week ending March 26, 2009, the 30-year Fixed Rate Mortgages averaged 4.85 percent (0.7 point). The 30-year interest rate has not been lower in the life of Freddie Mac’s weekly survey, which dates back to 1971. Last week 30-year Fixed Rate Mortgages averaged 4.98 percent, and last year at this time, they were 5.85 percent. Rates for 30-year Fixed RateMortgeges peaked last year at 6.63 percent on July 24th.

Part of the reason was the announcement that the Federal Reserve’s plans to purchase Treasury securities over the next six months. This caused bond yields to drop and mortgage rates followed right behind. The interest rate difference is almost 2 percentage points, which amounts to a savings of about $225 in monthly mortgage payments for a $200,000 loan.”

Now is the time to buy. NOW!!!