Displaying blog entries 111-120 of 187
For most home buyers, a mortgage is a reality. When it comes to purchasing with-in a buyer's set budget, understanding your interest rate is a critical factor in affordability!
Celina TX's explosive growth is expected to continue well past 2016 with one of their latest large master planned communities with Green Meadows. This latest 1,400 acre community by Tomlin Investments is expected to be over 4,500 single-family homes once completed. Amenities are planned to include multiple swimming pools, community gardens, dog park, playgrounds, walking trails, sand lot volleyball courts, a massive outdoor grilling area with a fire pit, a $4.5m amenity center, and even an in-community day-care (expected to arriving in phase III).
Dallas Morning News reported the developer as expecting to be approximately 90 days from starting. Dan Tomlim (of Tomlin Investments) offered to Steve Brown of DMN that while builders have not yet been expected, they are forecasting a target starting price of about $350K.
The community boasts a premium location approximately 10 miles north of 121 fronting Legacy Rd, just west of the Tollway & south of the expanding Collin County Outer-Loop.
Additional concept plans can be found here!
CHRISTIE CANNON REALTOR
The Christie Cannon Team
Keller Williams Frisco
469.951.9588: Mobile
Voted as one of the BEST Realtors in D Magazine for 2010-2016
Voted as a Five Star Professional 2012-2016 Texas Monthly Magazine
Name among America's Best Real Estate Agents by Real Trends Magazine
Certified Luxury Home Marketing Specialist
#1 Keller Williams Agent 2011-2015
Top 100 Agents in the Nation / KW
So the weekend is upon you & you have no plans! Fear not & check out this cool list from TheCoolestStuffinTexas.com.
From Dallas staples like the Dallas World Aquarium to classics like Keller's Drive-in, this list is great!
You can find the entire list by clicking here!
CHRISTIE CANNON REALTOR
The Christie Cannon Team
Keller Williams Frisco
469-951-9588: Mobile
Voted as one of the BEST Realtors in D Magazine for 2010-2016
Voted as a Five Star Professional 2012-2016 Texas Monthly Magazine
Name among America's Best Real Estate Agents by Real Trends Magazine
Certified Luxury Home Marketing Specialist
#1 Keller Williams Agent 2011-2015
Top 100 Agents in the Nation / KW
Well the dreaded letter arrived; the good news, the market is up; the bad news, your county appraiser knows it...
So what comes next?
- Good Luck & please let me know if you have any questions - 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
While single-family housing continues to "rule the roost" in Frisco & North TX, we face an invasion of exciting mixed use & upscale "urban living" projects. As our city sees the $5 Billion Mile, and projects like the Frisco Market Center, continue to develop, I am increasingly delighted with the new choices in housing. The diversity of these new developments fills a void that has long been lacking in our market!
To help introduce you to some of these latest project, please peruse the links below!
In Frisco – Here
Frisco Station (Hillwood partnership project) – more here
The Gate in Frisco – More Here & Here
In Plano
Legacy West (same people did Shops on Legacy) – more here
There are some amazing projects in the works! Have Questions? Please feel free to give me a call - Christie Cannon
New Master-Planned community announced west of the Dallas North Tollway & just north of Legacy! This new Hines development is situated in the heart of West Frisco & is expected to boast some of the area's top builders - Huntington Homes, Shaddock Homes, Darling Homes, Coventry Homes & Village Builders. With approimately 311 acres, Edgestone at Legacy is currently planned for single-family residences.
Nationwide just released their 2015 Q2 report on the Health of US Housing & incase the conflict of numbers is not great enough.... they rank TX negatively in affordability! Several years of strong housing has started to reflect a drop in housing affordability in Dallas & North Texas. While overall Dallas-Irving-Plano continue to rank in the top 10 best performing markets, this is largely due to our otherwise strong economic indicators. The entire Q2 2015 report can be viewed here!
Sky-rocketing rises in real estate values have left many people worrying if we are in the middle of another housing bubble.
According to Jack M. Guttentag, Professor of Finance Emeritus at the Wharton School of the University of Pennsylvania:
“A price bubble is a rise in price based on the expectation that the price will rise. Sooner or later something happens to erode confidence in continued price increases, at which point the bubble bursts and prices drop. What makes it a price bubble is that the cause of the price increase is an expectation that the price will increase, which sooner or later must reverse itself.”
In a recent article, he explained:
“My view is that we are a long way from another house price bubble. Home buyers, lenders, investors and regulators now understand that a nationwide decline in house prices is possible -- because we recently lived through one.”
Though home values are continuing to appreciate, the acceleration of the increases has slowed to year-over-year numbers which reflect a healthy housing market. Here is a chart showing year-over-year appreciation since January of last year:
The Take Away
Nick Timiraos of the Wall Street Journal put it best in a recent tweet:
“Predictions of a new national home price bubble look unfounded for now, according to data.”
Bubble in the making? Seasonal "uptick"? or simply supply & demand?
Home prices continue to inch higher & higher, but in all but 7 states (those in darkest blue) the average home price has yet to reach "peak pricing." Those seven states in darkest blue reflect the state's current market is their price peak.
Displaying blog entries 111-120 of 187
