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Is Interest Rate King....? It is if you borrow!

by Christie Cannon

Here is what smart buyers &, importantly, home investors know - in borrowing, Interest Rate is King!

In very simple terms - the below illustrates differences in payment (principal & interest) based for $100K:

 

North TX Market - Home Sales up 29% - Foreclosures Down 10%

by Christie Cannon

A strengthening market and low financing costs have propped up home sales for the region.

According to the Real Estate Center, home sales for North Texas climbed 29 percent in October, the largest year-over-year sales increase of pre-owned homes in more than three years. Pending sales are also up 20 percent compared with a year ago, signaling a strong finish to the year.

The biggest year-over-year sales increases were found in North Dallas (79 percent), northeast Dallas (71 percent) and Far North Dallas and Coppell (59 percent).

You can read a related article by- Steve Brown - Real Estate Editor - DallasNews.com

For market statistics broken down by area, please try - www.DFWHomeTrends.com

 

Have Questions about your neighborhood or your home's value - please give me a call:

Christie Cannon - 469-951-9588  www.christiecannon.com

 

 

Frisco Real Estate Stats & Frisco Home Sales

by Christie Cannon

How are homes selling in your city? Find the latest Dallas Housing Stats & Market News at www.DFWHomeTrends.com

 SEP-12 Quick Facts:  

  • The Average price of existing single-family homes increased to $208,238 up +10% vs 2011.
  • Existing single-family home sales increased +10% from 2011 for a total of 6,103 sold units.
  • Condos increased in price to $186,457 up +25.0% vs 2011.
  • Existing condo sales increased +7% in Sep-12 over 2011 for a total of 361 sold units. 

 Frisco at a Glance:  

  • The Average price of existing single-family homes $302,339 - increased +5% vs 2011. 
  • Existing single-family home sales increased +17% from 2011.
  • CURRENT INVENTORY is at a 3 Month Supply - this is a 36% decrease from last year!

Specific Sales & Housing Stats with City breakdowns available here:  www.DFWHomeTrends.com

_________________________________________________

 Search homes (including foreclosures) in the North TX MLS at www.CannonMLS.com or www.ChristieCannon.com.  Recent changes even allow you to search by map locations!

New Builder Inventories can also be found here New Home & Builder Inventory

D Magazine The Best Real Estate Agents 2012!

by Christie Cannon

Christie Cannon was once again chosen by D Magazine for their Best Real Estate Agent list in 2012.  We owe a special "thank you" to the Real Estate Community for their recognition & most importantly to our clients.  We appreciated your support & confidence.

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

 

We would also like to congratulate Sandy Stewart - Lead Buyers Agent for the Christie Cannon Team who was also again chosen for this prestigious award!

 

 

 

 

New Water Restrictions for Frisco Begin November 1st!

by Christie Cannon

The City of Frisco (currently at Stage 2 water restrictions) approved on October 4th the implementation of Stage 3 Water Restrictions.  The North Texas Municipal Water District (NTMWD) recommended member cities implement Stage 3 restrictions November 1. As a member city, the City of Frisco has elected to comply with the recommendation.

Stage 3 of Frisco’s ‘drought and emergency’ restrictions limit outdoor watering to one day each week on your residential trash day.  Please note that drip lines, soaker hoses, & bubblers have additional usage allowances! 

To compare our current Stage 2 restrictions to Stage 3, click here to view our Drought and Emergency Response Plan Guide.   Additional Information can be found at The City of Frisco's Public Work's website.

Don't forget that the The City of Frisco also offers free irrigation system check-ups for residents. Contact Mike Barth, licensed irrigation professional, for a free irrigation check-up at 972-292-5844 or email Waterwise@friscotexas.gov

Collin County Cities among Wealthiest

by Christie Cannon

Collin County cities among wealthiest

Published: Thursday, February 25, 2010 12:13 PM CST
A new report puts Frisco, Allen, Plano and McKinney among the top 100 wealthiest cities in the country.


Using census data from 2008 Portfolio.com and Bizjournals, compared cities, incorporated towns and unincorporated urban areas with populations of more than 75,000.

A six-part formula was used to determine the relative affluence – or wealth score – of each city. The factors include per-capita income, median household income, percentage of households with annual incomes of $200,000 or more, the upper 20 percent threshold for household income, median home value and the upper-25 percent threshold for home value.

Adjustments were made for the median home value and upper-25 percent threshold for home value to dampen the impact of any housing bubbles that might have overinflated property values in upper-income communities.

Places with high income levels and large inventories of expensive homes, including the four cornerstone cities in Collin County, scored higher.

Frisco scored a wealth score of 17.379 and earned the 27th spot on the list of most affluent American cities. With a median household income of nearly $104,000, Frisco was the first Texas city ranked.

Plano was 42nd overall with a wealth score of 10.492 and a median household income of $85,003. Allen ranked 75th with a wealth score of 5.579 and a median household income of $88,199 and McKinney came in at 85th with a wealth score of 4.796 and a median household income of $82,403.

Richardson and Carrollton were the only other North Texas cities on the list with positive wealth scores at 110th and 134th, respectively.

Plano Mayor Phil Dyer said the survey results not only highlight Plano, but the entire Collin County area as one that attracts well-educated and successful people.

“It’s amazing for one area to have so many cities rank highly on this survey,” he said. “It goes to show that the whole area is committed to providing its residents with the opportunity to live the American Dream.”

Dallas, Irving, Arlington, Lewisville, Fort Worth, Denton, Garland and Grand Prairie were all also ranked, but scored negative wealth scores.

Dallas-Fort Worth has lowest risk for home-price declines

by Christie Cannon

By STEVE BROWN / The Dallas Morning News

The latest home price risk forecast shows that Dallas-Fort Worth is overall the safest place in the country for stable home values.

The latest report by mortgage insurance company PMI Group ranked the D-FW area dead last among the 50 cities it rates for possible declines in home prices.

That means PMI is betting there is less than a 1 percent chance that average home prices here will be lower two years from now.

PMI's summer 2008 risk ranking for D-FW is similar to the insurance company's previous studies.

As in other PMI reports, the U.S. cities with the biggest run-up in home prices in recent years are at the greatest risk for losses.

During the last year, some markets have seen a significant increase in the number of existing single-family homes for sale, PMI chief economist David Berson said in the report.

"Given the magnitude of the inventory overhang, we expect national home price declines to continue into at least 2009," Mr. Berson said.

In North Texas, however, the number of pre-owned homes listed for sale has declined during the last year.

Although PMI Group's report about D-FW home prices should be encouraging, Mr. Berson said that doesn't mean there won't be short-term declines in values.

"It is also an average for a metropolitan area, so individual neighborhoods and houses could behave differently," he said, perhaps considerably so.

Likelihood of lower home prices in each market in two years.
GREATEST RISK
Riverside-San Bernardino-Ontario, Calif. 95.5%
Fort Lauderdale-Pompano Beach-Deerfield Beach, Fla. 92.2%
West Palm Beach-Boca Raton-Boynton Beach, Fla. 91.9%
Orlando-Kissimmee, Fla. 91.1%
Las Vegas-Paradise, Nev. 88.1%
LOWEST RISK
Fort Worth <1%
Dallas <1%
Pittsburgh <1%
Houston <1%
San Antonio <1%
SOURCE: PMI Group.

View all available Prosper Luxury Homes!

by Christie Cannon

In response to recent requests, I have attached a link to www.prosperluxuryhomes.com.

This website offers all available luxury homes in Prosper, Texas that are priced over $500,000 and built after 2000. 

Please enjoy.

As always, feel free to call the Christie Cannon Team with all your real estate questions!

- Christie - 469.951.9588

09:24 AM CDT on Friday, May 9, 2008

By STEVE BROWN / The Dallas Morning News

Potential Dallas-Fort Worth homebuyers who are nervous about whether it's a good time to purchase a house might find some comfort in a new report.

But analysts caution not to get carried away with the data.

The study by the Center for Economic and Policy Research and National Low Income Housing Coalition projects that DFW homebuyers could see one of the best increases in equity in the country during the next few years. 

The comprehensive report looked at home ownership and rental costs and the prospects for building home equity in 100 metropolitan areas.

In terms of building equity, the D-FW area is among the top five markets expected to do well between now and 2012. A homeowner who buys a house priced at 75 percent of the median for the area could gain more than $80,000 in equity four years from now, the study finds.

"I wouldn't want people to run out and make investment decisions based on this," Dean Baker, one of the authors of the report, said Thursday.

But he said the Texas market is probably in the best shape in the country.

"The fact that Texas didn't take part in the housing bubble is good news," he said. "You are not going to feel the pain other cities are."

Indeed, while home equity is likely to grow during the next few years in Texas cities, homeowners could lose equity in their houses in about a third of the cities in the report.

The biggest declines are forecast in markets that have seen big price increases in recent years, including many California cities.

"People in Texas have benefited from not having that temporary run-up in prices," Mr. Baker said. "That wasn't healthy, and now people are really getting hurt [there]."

Median home sales prices in North Texas have dropped only slightly during recent months, while residential values in many coastal cities have decreased dramatically and are still falling.

Mark Dotzour, chief economist with Texas A&M University's Real Estate Center, said the study's findings confirm the relative strength of the state's housing market.

"There is a lot less downside risk to buying a home in any of these Texas cities and a lot more upside potential," he said.

- For the full article click here -

ALL FORECLOSURES IN PLANO, TEXAS!

by Christie Cannon

AS REQUESTED,

HERE IT IS....ALL OF THE FORECLOSURES CURRENTLY LISTED IN THE CITY OF PLANO, TEXAS - FOR FREE.  JUST CLICK ON THE LINK BELOW TO VIEW.  ALL LISTINGS ARE UPDATED DAILY.

PLANO FORECLOSURES

DON'T FORGET TO SEE THE FRISCO, TEXAS - FORECLOSURE LIST AS WELL.

FRISCO FORECLOSURES

NEED ANOTHER CITY - JUST ASK ME AND I'LL POST IT FOR YOU FOR FREE ON MY WEBSITE!   

PLEASE FEEL FREE TO GIVE ME A CALL ANYTIME AND I WOULD BE DELIGHTED TO ASSIST YOU WITH ANY QUESTIONS OR CONCERNS.

BUYERS - REMEMBER, WHEN WORKING WITH ME, IT'S FREE!!

Displaying blog entries 301-310 of 314

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Photo of Christie Cannon Real Estate
Christie Cannon
Keller Williams Realty
4783 Preston Road #300
Frisco TX 75034
972-215-7747
Fax: 214-853-4774
Keller Williams Frisco - The Christie Cannon Team - http://www.christiecannon.com