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Frisco TX New Home Communities Continue to Pop Up!

Monday, March 14, 2016
by Christie Cannon

Driving the streets of Frisco TX, it is easy to see our continued growth.  The strength of Frisco's growth & new development is easy find by the number of new communities that continue to spring up!

By no means comprehensive, below is a list of some of the latest new home communities in Frisco TX:

  1. Avondale
  2. Belmont Woods
  3. Bretton Woods
  4. Collingsbrook Farms
  5. Emory Park
  6. Estates at Rockhill
  7. Gables at Ohio
  8. Glen View
  9. Hollyhock
  10. Lexington
  11. Millstone Estates
  12. Rockhill at Preston
  13. Sonntag Tract
  14. The Heights at Rockhill
  15. Twin Creeks
  16. Villages of Creekwood
  17. Villas of Doe Creek

Check back soon as we continue to expand & describe the buiders, pricing, location, & features of each new home community.

As always, if you have questions - please call Christie Cannon & The Christie Cannon Team at 469-951-9588 

Christie Cannon
469-951-9588
http://www.christiecannon.com
Keller Williams Frisco TX
4783 Preston Rd #100 Frisco TX 75034

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Experts weigh in on low inventory

Tuesday, February 9, 2016
by Christie Cannon

Keller Williams Frisco - Housing Supply

The most common questions that I am asked over the last month relate to the continued decline in the inventory of pre-owned houses on the market.  While the last 30-days have seen an increase in supply, we still remain well below historic levels.

Natioanl experts have been weighing in on the lack of supply & the future of inventory in 2016:

Calculated Risk:

“Low inventory is probably holding down sales in many areas.”

Capital Economics:

“A lack of housing inventory continues to drive developments in the market. As demand has slowly recovered, low inventory levels have weighed on home sales.”

Frank Nothaft, Chief Economist for CoreLogic:

“Many markets have experienced a low inventory of homes for sale along with strong buyer demand... These conditions are likely to persist as we enter 2016.”

Doug Duncan,Chief Economist at Fannie Mae:

“Several factors point to constrained housing affordability in 2016, particularly for first-time home buyers, including slow single-family supply response and limited inventory of starter homes on the market.”

Lawrence Yun, Chief Economist at NAR:

“Sparse inventory and affordability issues continue to impede a large pool of buyers’ ability to buy, which is holding back sales.”

While real estate is hyper-local, the national trends support what we have been seeing in our local market.  Buyer demand continues to out-pace supply in many areas & at many prices.  

 - Christie Cannon - KW Frisco

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DFW housing continues despite oil & gas concerns

Saturday, February 6, 2016
by Christie Cannon

Corporate growth & an influx of out of state buyers continue to sustain North Dallas' housing market growth.  Steve Brown of the Dallas Morning News wrote an excellent article expressing the positives of North Texas' continued growth, as well a continued concern of both buyers and builders with regards to the climbing prices.  With the full impact of corporate relocations (Toyota, State Farm, Charles Schwab, JPMorgan Chase, etc) not yet fully realized, the housing market is not likely letting up for the foresee able future.

- Christie Cannon of Keller Williams Frisco

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Home Sales Bounce Back Despite Low Inventory

Sunday, January 31, 2016
by Christie Cannon
  • December saw the highest month-over-month increase with existing Home Sales up alomost 15% over November.
  • The National Pre-existing Home Inventory remains below the historic norm with only a 4-months supply.
  • Year-over-year price gains continue with a 7.6% increase.
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National Association of REALTORs December Existing Home Sales Report

Monday, January 11, 2016
by Christie Cannon

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SmartAsset.com's Top 25 Safest Cities - TX Tops the Chart

Thursday, December 31, 2015
by Christie Cannon

A few days ago I posted on Smartasset.com's Top Boomtowns from 2015.

Published in Nov, 2015, Smartasset released their top 25 list of the Safest Cities in America, Texas gracing 11 of the top 25 posts!

Our very own, Frisco TX makes the list at #10!

 

- Christie Cannon - Keller Williams Frisco

 

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SmartAssets.com's Top 10 Boomtowns in 2015

Wednesday, December 30, 2015
by Christie Cannon

Once again, Texas (and especially North TX) boasts strong standing in a natioanl "Top 10" list.  

Smartasset.com just published their list of 2015 top 10 Boomtowns, with Texas holding 5 of the top 10 spots!

Holding top honors for Texas, the list finds:

 

  1. Richardson
  2. McKinney
  3. Austin
  4. Frisco
  5. Odessa
The entire list can be found here, as well as their methodology!
 
 - Keller Willams Frisco - Christie Cannon - 469-951-9588
 
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Real Estate News: 5 Real Estate Trends in 2016

Monday, December 28, 2015
by Christie Cannon

Realtor.com & the National Association of REALTORs just posted their predictions for the top 5 industry trends in 2016.

 

  • A Return to Normal for Real Estate

In the words of Skywalker, "it will bring balance to the force."  While sales will continue strong, most markets will see a return to the more modest gains that are reflected in a balanced (& more sustainable) market.

  • Generational Data Supports Strong Selling Season in 2016 
In 2015, Millennial buyers represented almost 1/3 of home purchases.  This trend is expected to continue in 2016; as well as an expected return of financially recovering Gen-Exers & Baby Boomers.  According to the NAR, Gen-X buyers will be entering their "prime earning" years, just as Baby Boomers are tradtionally seeking to down size &/or relocate for retirement. More predictive analysis for 2016 (several years out) can be found here!
 
  • Builders will Transition to More Affordable Housing
As balance returns to pre-existing home sales and credit availability improves for first-time buyers, builders will see more attractiveness in building products to fill these niches.  Likewise, with the increased capital in the market from 2015, the direction of growth is already trending to the "out-skirts" of traditional suburb areas where land prices are more affordable.
 
  • Interest Rate Rise Will Affect the Higher-Price Markets
The FED has already increased interest rates this past month.  Additional increases are expected in 2016, with mortgage rates predicted to rise up to 60 basis points. As the rate increases, affordability will drop.  In areas where the move-up buyer is a significant part of the market, even a small "affordability" drop can have significant affect.
 
  • Rents Will Continue Their Rise (in some areas meteorically)
In more than 85% of market areas, the average rent to income ratio already exceeds 30%.  Demand aside, increases in property taxes & tax valuations result in double digit rent growth as those cost are passed from landlord to tenant.
 
 
- Christie Cannon - Keller Williams Frisco TX
 
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Real Estate News: November Home Sale Drops

Wednesday, December 23, 2015
by Christie Cannon

The National Association of REALTOR has recently published their latest report on existing homes sales for November (likewise, they revised their October numbers).  The most recent report Existing Home Sales offers that preowned home sales:

“…fell 10.5 percent to a seasonally adjusted annual rate of 4.76 million in November (lowest since April 2014 at 4.75 million)…”   The report reflects that November was the slowest in 19th months for existing home sales.  This was displayed in a 10.5% decrease in month-over-month sales. 


While there are still many hypotheses for the reasons of the drop, many industry insiders are placing a large portion of the blame on real estate’s adjustment to the latest changes in mortgage lending laws.   With these adjustments, the industry has seen an overall increase in the amount of time it takes to close a traditional loan.

The numbers may seem miniscule on paper, the three day average increase reflects a whopping 15.7% of available banking days in November.  Traditionally, most homes close in the last 3-days of the month, as such even a 2-3 day average increase “pushes” closings into the following month. 

When we compare both written contract volume & anecdotal experience from the industry, most indications are that the sales are not lost.  December reporting will be critical to see if the decrease was simply due to delay, or if November's numbers are a foreshadowing of a deeper market shift.

Christie Cannon - Keller Williams Frisco TX

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Why Correct Pricing is Key

Tuesday, November 10, 2015
by Christie Cannon

How many times have you as a buyer, seller, home owner, or real estate pro witnessed a house that seemed to linger a little longer than the neighbors, then undergo a modest price drop and -boom- full price offer, or better yet (at least for the seller) multiple offers?  There is no better anecdote for the power of proper pricing than this classic scenario.

Proper pricing placement is critical to positioning a home in the market. Even a home slightly overpriced will often go "unnoticed" by buyers in the market, despite a seller's likely willingness to negotiate a less than full list-price contract. According to the National Association of REALTORs, pricing a home 10% over market value eliminates up to 70% of the "buyer pool" willing to look at the home.  As such, proper pricing or a well timed price reduction, can assist in positioning a home where the market is most likely to react.  

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Displaying blog entries 111-120 of 174

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Photo of Christie Cannon Real Estate
Christie Cannon
Keller Williams Realty
5933 Preston Road #300
Frisco TX 75034
972-215-7747
Fax: 972-215-7748
Send an Email
Keller Williams Frisco - The Christie Cannon Team - http://www.christiecannon.com

 

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