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Frisco Texas Real Estate Blog

Christie Cannon

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Displaying blog entries 1-10 of 98

Frisco's $5 Billion Mile

by Christie Cannon

The Frisco Economic Development Corporation has created a webpage summarizing all the announcements and new projects in what's being called "The $5 Billion Mile."  The new projects in development over the next few years will make Frisco a hot spot in the DFW metroplex!  Read all the details from Frisco's EDC here...

Frisco Accepting Donations for Project Warm Us

by Christie Cannon

Project Warm Us is a great way for members of the community to give some much needed warmth to the homeless in the Dallas, TX area.

Donate your new or gently used items - coats, jackets, sweatshirts, sweaters, blankets, scarves, hats, gloves, shoes, socks(new only).  Donations are being accepted between the hours of 8:00 am and 5:00 pm at the Frisco Square Management Office, 8874 Coleman Blvd., next door to Dimples Cupcake Factory.  To learn more, click here...


Existing Home Sales are Up!

by Christie Cannon

The newest report shows that existing home sales are at their highest level for 2014!  Check out the latest report from the National Association of Realtors.

Frisco Community Parade 2014

by Christie Cannon

Saturday, November 8, 2014 at 10 am.

Frisco will be hosting it's annual Community Parade.  Attractions include Frisco Police and Fire vehicles, Frisco fire clowns, homecoming/forthcoming royalty of high schools, team mascots, representatives of Frisco’s professional sports teams, and floats and marchers from various civic and youth groups.  Come out and enjoy everything the parade has to offer!  More details can be found here.


Jerry Jones is Betting On Frisco ISD

by Christie Cannon

The new Dallas Cowboys World Headquarters and Training Facility, set to open in Frisco in 2016, will allow Frisco ISD football players to practice right alongside America's team.  


The driving force for Jerry Jones' plan is a marriage between America's team and Texas high school football.  The Frisco Independent School District will also have full run of the stadium when the Cowboys aren't in town.  Read more here...


New Planned Development in Frisco

by Christie Cannon

Interest in Frisco has gone international!  Dubai-based, Invest Group Overseas, has announced plans for a $700 Million new development at the corner of the Dallas North Tollway and the future extension of John Hickman Parkway in Frisco.  The proposed project, The Gate, will be a 40.95 acre mixed use project just north of the new Dallas Cowboys Headquarters.  Full details can be found here.

Mortgage Prequal v/s PreApproval - all the same....right?

by Christie Cannon

Here is a question that we do get from time to time.... from both Sellers & Buyers:

A Mortgage PreQualification or PreApproval - pretty much same thing... right?

..... So we asked Derek Altoonian of the Marcel Deitrich Team with WR Starkey for their explanation....

So… what’s the difference between a Pre-Approval versus a Pre-Qualification and why does it matter?  In simply terms, the main difference between a pre-approval and a pre-qualification:  income and asset documentation.

A pre-approval means that the loan officer has pulled credit, and collected enough information to fill out a mortgage application to form the details of the loan to purchase a new home. Additionally, a buyer has furnished paystubs, tax returns, and asset statements that show their viability to be approved for a mortgage. We have even gone so far as to underwrite the borrower without a potential address to make sure that there are no “surprises” when the borrower’s “dream home” is found.

A pre-qualification is when a loan officer pulls credit to see if the buyer has a qualifying credit score, and gathers enough information through a verbal interview with the buyer to fill out a mortgage application to see how much buying power your client has. There is often zero documentation with a pre-qualification.

We believe the Pre-Approval is, obviously, much more meaningful to sellers in today's marketplace.  The more thorough analysis of the buyer’s income, assets and credit ensures the greatest chance that the pre-approved buyer will fund on the purchase. 

- The Deitrich Team - 972-672-3246 - www.marceldeitrich.com - WR STARKEY MORTGAGE, LLP NMLSR#2146

Thank you to Marcel & Derek. 

The "Take Away" - as a Buyer seeking every advantage in this low-inventory & competitive market, the extra work to achieve a Pre-Approval v/s a Pre-Approval may make all the difference to a savy Seller reviewing multiple offers!

- Christie Cannon

D Magazine Best Real Estate Agents 2014

by Christie Cannon

Thank you to our clients, colleagues, & staff!

Christie Cannon & our Team was once again chosen by D Magazine for the Best Real Estate Agent list in 2014.  Christie Cannon & Kevin Cannon were also chosen as a  D Magazine Top Residential Real Estate Producers.

A special Congratulations to  Sandy Stewart - Lead Buyers Agent for the Christie Cannon Team - who was again chosen for this prestigious award!

We owe a special "thank you" to the Real Estate Community for their recognition, our staff and agents, & most importantly, to our clients for their confidence & support.  

Christie Cannon's D Magazine article can be viewed here at D Magazine.

AWARDS

House Prices.. Stabilizing...?

by Christie Cannon

Not Likely Yet.......... 

 

According to the latest Case-Shiller Report, last month, Dallas has seen the lowest gains since last fall. That said, it is not yet time to cry out that the sky is falling....we are still hovering at about a 1.8 month supply of homes in Frisco, 2.1 in McKinney, 2.4 in Little Elm, & 4.1 in Prosper  (2.1 in Collin County & 2.6 in Denton County)!  This inventory demand continues to fuel unprecedented (at least for our area) price competition....  We are starting to see some areas with days on market slowing ticking up; likely as sellers over estimate values based on the pace of the market, but until we see great balance in demand, an end to this run is not likely.  
- Christie Cannon

Foreclosure Inventory

by Christie Cannon

I am often asked about the foreclosure market here in North Texas.  A great tool in understanding how much change we have seen over the last 18-months in regards to foreclosures is CoreLogic's National Foreclosure Report.  According to CoreLogic's May report, foreclosures are on 31 months of consecutive year-over-year decline. In simply terms, May 2014 represents a 37% decline compared to May 2013 - and 9.4% year-over-year decline.    While it is true that TX is represented in the top 5 states of foreclosure volume in the last 12 months, we are also among the lowest by percentage of inventory.  TX's foreclosure inventory represents .07% versus a national average of 1.7%.

Does this mean the "foreclosure" market is in permanent decline?..  I would be very hesitant to say such...  many factors affect real estate, both in the short term & long term.  And while in TX (a non-judicial foreclosure state) our inventory has moved quickly, there remains a "backlog" of inventory in many parts of the country.  Likewise, in many areas, we can still see Mortgage Delinquency Rates (a "precursor" to foreclosures) remain higher than historical averages.

All that said, at least in the North TX market, a buyer offering that they "just want to look at foreclosures" may have (as we say in TX) some very slim pickins'.

 - Christie Cannon

Displaying blog entries 1-10 of 98

Contact Information

Photo of Christie Cannon Real Estate
Christie Cannon
Keller Williams Realty
4783 Preston Road. Ste 100
Frisco TX 75034
469-951-9588
972-215-7747
Fax: 214-853-4774