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Rising Property Values & the Impact on Your Taxes

by Christie Cannon

Rising Property Values & the Impact on Your Taxes

What happens when your tax assessed value goes up on your property? Christie Cannon & Andy Tuttle from The Tuttle Group discuss on The American Dream - Dallas how to save money on your property taxes. 

 

Christie Cannon | REALTOR
The Christie Cannon Team
Keller Williams Realty Frisco
972-215-7747
www.ChristieCannon.com

Ready to Buy Your First Home?

by Christie Cannon

Are You Wondering If You Can Buy Your First Home?

Are You Wondering If You Can Buy Your First Home? | MyKCM

There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they get married or start a family, some might think they are too young, and still, some others might think their current incomes would never enable them to qualify for a mortgage.

We want to share what the typical first-time homebuyer actually looks like based on the National Association of Realtors’ most recent Profile of Home Buyers & Sellers. Here are some interesting revelations on the first-time buyer:

Are You Wondering If You Can Buy Your First Home? | MyKCMBottom Line

You may not be much different than many people who have already purchased their first homes. Let’s meet to determine if your dream home is within your grasp today!

 

 

Christie Cannon | REALTOR
The Christie Cannon Team
Keller Williams Frisco Realty
972-215-7747
www.ChristieCannon.com

 

3 Issues Facing Today's Real Estate Market

by Christie Cannon

3 Issues Facing Today’s Real Estate Market

3 Issues Facing Today’s Real Estate Market | MyKCM

Last week, the National Association of Real Estate Editors (NAREE) held their 52nd Annual Journalism Conference in Las Vegas, NV. Among the many highly anticipated sessions was one called “Top Ten Issues Affecting Real Estate™,” given by Joseph Nahas, Jr., Chair of the Counselors of Real Estate & Senior Vice President of Equus Capital Partners. 

The Counselors of Real Estate (CRE) “is an international organization of high profile property professionals which include principals of prominent real estate, financial, legal, and accounting firms as well as recognized leaders of government and academia.” 

Their annual “top 10” list spans any and all issues that could have an impact on the real estate market. This year, the list was broken up into “Current” and “Long-Term Issues.”

Today we’re going to focus on three of the five “Current” issues with a brief explanation of their impacts on the housing market today!

E-Commerce & Logistics

With promises of 2-day shipping no matter where you live, we are benefiting more now than ever before from the speed and ease-of-use of online retailers like Amazon. These e-retailers haven’t changed whether or not we buy certain items, but rather HOW we buy them!

Many traditional malls or big-box stores are being repurposed as warehouses or distribution centers for online retailers so that they can get their products out faster.

A Look to the Future: “Developers who are including experiences into their locations are the ones who will succeed. It’s about the experience and gaining something over just going to buy a product.”

Generational Change & Demographics

By now we’ve all heard that the millennial generation is the largest yet, just by sheer volume. The largest group of millennials turns 30 years-old in 2020. The average first-time homebuying age is between 30 and 32, depending on marital status. Real estate professionals will be inundated with more and more buyers as the years roll on. Nahas commented on this in his presentation, saying that,

“Too many developers have become dependent on making decisions based on baby boomer’s preferences.

The 75 million millennials are coming, and they will influence real estate and commerce even faster than the baby boomers in the 50s and 60s.”

Interest Rates & the Economy

The interest rate that you secure for your mortgage is a big factor in your monthly housing cost and in how much you ultimately pay for your home. According to Freddie Mac’s Primary Mortgage Market Survey, rates rose to 4.62% on a 30-year fixed rate loan last week.

The Federal Reserve also raised the federal funds rate for the second time this year. If unemployment continues to be at or near record lows, two more hikes are likely to come later this year.

Nahas added,

“Rising rates can be good and bad for the economy. Bad for borrowing money with additional costs, but good to control inflation and help grow the economy at a moderate pace.”

Bottom Line

If you are planning on buying and/or selling a home this year, let’s get together to help you navigate the conditions in your market and set you up for success.

 

 

Christie Cannon | REALTOR
The Christie Cannon Team
Keller Williams Realty Frisco
972-215-7747

www.ChristieCannon.com

Thinking About Renovating? Top 4 Improvements for ROI

by Christie Cannon

Top 4 Home Renovations for Max ROI [INFOGRAPHIC] | MyKCM

Some Highlights:

  • Whether you are selling your home, just purchased your first home or are a homeowner planning to stay put for a while, there is value in knowing which home improvement projects will net you the most Return On Investment (ROI).
  • Minor bathroom renovations can go a long way toward improving the quality of your everyday life and/or impressing potential buyers.
  • Upgrading your landscaping or curb appeal helps get buyers in the door. These upgrades rank as the 2nd and 4threnovations for returns on investment


Christie Cannon | REALTOR
The Christie Cannon Team
Keller Williams Realty Frisco
972-215-7747
www.ChristieCannon.com

Millenials Are Moving Into Their Dream Homes

by Christie Cannon

Millennials Are Skipping Starter Homes for Their Dream Homes

Millennials Are Skipping Starter Homes for Their Dream Homes | MyKCM

A new trend has begun to emerge. With home prices skyrocketing in the starter home category, many first-time homebuyers are skipping the traditional starter homes and moving right into their dream homes.

What’s a Starter Home?

According to the National Association of Realtors (NAR), simply put, a starter home is a one or two-bedroom home (sometimes even a small, three bedroom). “Prices vary widely by market but starters on average cost $150,000 to $250,000 while trade-up and premium homes cost upwards of $300,000.”

Finding Their Forever Homes Now

A recent CNBC article revealed that there are many factors that delayed older millennials (ages 25-35) from buying a home earlier in their lives. The aftereffects of the Great Recession teaming up with larger education costs forced many to either remain living in their parent’s homes or to rent.

With the economy continuing to improve, many millennials have been able to break into better-paying jobs which has helped spur down payment savings. As the dream of homeownership comes closer to reality, many millennials are saving for their forever homes.

According to the latest statistics from NAR, 30% of millennials bought homes for $300,000 or more this year (up from 14% in 2013). Diane Swonk, Chief Economist at Grant Thornton weighed in saying, “They rented for longer. Now they’re going to where they want to stay.”

More and more millennials are settling down, getting married, and starting families, which is a huge factor driving them to look for larger homes.

Increased competition in the starter home market has also been a driving force in waiting to afford their dream homes. Inventory in the starter home market is down 14.2% from last year, according to research from Trulia. This has driven prices up and has led to bidding wars.

Many first-time buyers who were originally looking for starter homes are realizing that for just a little bit more of an investment, they could afford trade-up or premium homes instead.

Bottom Line

If you plan on purchasing your first home this year, let’s get together to determine how much house you can afford. You may be pleasantly surprised.

 

Christie Cannon | REALTOR
The Christie Cannon Team
Keller Williams Realty Frisco
972-215-7747
http://www.christiecannon.com

 

Why Wait? Summer is a Great Time to Buy a Home!

by Christie Cannon

4 Reasons Why Summer Is a Great Time to Buy a Home!

4 Reasons Why Summer Is a Great Time to Buy a Home! | MyKCM

Here are four great reasons to consider buying a home today instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest Home Price Insights reports that home prices have appreciated by 7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.2% over the next year.

Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have increased by half a percentage point already in 2018 to around 4.5%. Most experts predict that rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are in unison, projecting that rates will increase by nearly a full percentage point by this time next year.

An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.

3. Either Way, You Are Paying a Mortgage

There are some renters who have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.

As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to have equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity.

Are you ready to put your housing cost to work for you?

4. It’s Time to Move on with Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

But what if they weren’t? Would you wait?

Look at the actual reason you are buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer, or you just want to have control over renovations, maybe now is the time to buy.

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.

What are your plans for Memorial Day weekend?

by Christie Cannon

 

Memorial Day Weekend is quickly approaching and with it comes plenty of events to get you outside to celebrate. Whether you are looking to enjoy food, hang out with friends, or take some time to remember our fallen soldiers, there’s an event for everyone!

Bike the Bricks
The city of McKinney is holding its ninth annual Bike the Bricks Criterium on Friday, May 25th from 2:30-11:30pm in Historic Downtown McKinney. Come & enjoy this free event in Downtown McKinney!

Carry the Load
Carry The Load's 2018 Memorial May Campaign to brings awareness to the True Meaning of Memorial Day. Funds raised during Memorial May provide direct support for healing of the mind, body and souls of our nation's military veterans, law enforcement, firefighters, first responders and their families. 

National Cemetery Administration
National Cemetery Administration will host Memorial Day ceremonies at VA national cemeteries across the country with the help of local communities.Dallas-Fort Worth National Cemetery will be holding their ceremony on May 28th at 11:00am.

Dallas Arboretum
Kick-off the holiday weekend with a concert by one of Dallas’ best party bands, The Grooves. Free admission all four days for active duty members, veterans and first responders. On Memorial Day, the events continue with face painting and a petting zoo in the Pecan Grove. Enjoy $2 hot dogs and root beer floats!

Granbury Square
Granbury, Texas is celebrating with a big 3 day patriotic festival around the downtown historic square with family activities, market booths,  live music, vintage military vehicles, hot dog eating contest, a special children’s play area and much more.

Fur Fun Run
Benefiting Patriot PAWS Service Dogs, the Memorial Day weekend paw-triotic run and walk is a fantastic event for the entire family and a terrific way to salute service dogs and the veterans they assist. Come down to Noble Ray Brewing on Saturday, May 26th for the pawtactular event!

Dallas Symphony Memorial Day Concert & Fireworks Display
In honor of America's veterans and first responders, the Dallas Symphony Orchestra presents a stirring concert of patriotic tunes that's free for the whole family. Pack a picnic and enjoy an evening under the stars. May 28th at 8:15pm at Flagpole Hill in Dallas.

International Foosball Promotions Texas State Championships
The Texas State Championships are being held this May 25-28 at the Westin Hotel in Irving. With competitors at every level from Beginner to master this is sure to be an exciting event!

National Polka Festival
The National Polka Festival® in Ennis, Texas invites you to come help celebrate fifty-two wonderful years of Czech heritage festivities Friday through Sunday, May 25-27, 2018.  Experience traditions, religious customs, dancing, tastes, sights, sounds, and "a little bit of the Czech Lands" throughout historic downtown Ennis and at our three spacious air conditioned halls.

Sunset at Memorial Park
Sunset Bike Ride & Ceremony on Monday, May 28th from 7:00-8:00pm at the Plano Veteran’s Memorial. No Fee to Participate & Free commemorative pin to the first 50 riders!

Summer Blast in Grapevine
Memorial Day Weekend kicks off Grapevine’s annual SummerBlast. SummerBlast features fun for the whole family including water parks, spectacular fireworks show set to music over Lake Grapevine, special exhibits, outdoor activities, dining, shopping and more.

 

Christie Cannon | REALTOR
The Christie Cannon Team
Keller Williams Realty Frisco
972-215-7747
www.christiecannon.com

 

 

Kevin Cannon with Zach Sams on Working Title RADIO Show

by Christie Cannon

Zach Sams of Kensington Vanguard sat down with Kevin Cannon, Keller Williams Team Leader & owner at The Christie Cannon Team, to talk about up and coming REALTORs in the DFW area and how Kevin's managed to stay on top of the competition in the ever-expanding market in the Metroplex.

LPGA Tour Comes to The Tribute & Old American Golf Course

by Christie Cannon

Gorgeous custom homes & stunning sunsets in a lake setting are not the only things that The Tribute has to offer!  Starting this week, Volunteers of America will be hosting the LPGA Texas Classic at The Old American Golf Club in The Tribute!  

Savor Dallas partnered with the Tour & Dallas' best celebrity chefs & local restaurants to present a Tasting Village.  This unique experience will offers a taste of TX's best flavors as well as local & national craft breweries, wine, & spirits!

Tickets are available here: https://www.voatexaslpga.com/tickets/

EVENT SCHEDULE:

 

Monday, April 30th

GATES CLOSED

All Day                              Practice Rounds

12:00pm Shotgun           Crew Dallas Classic Pro-Am

1:00pm Tee Times          Monday Qualifier, Hurricane Creek Country Club

 Tuesday, May 1st
8:00am – 4:00pm          Gates Open

All Day                               Practice Rounds, Old American Golf Club

6:30pm                               Official Pairings Party, Omni Frisco

 

Wednesday, May 2nd 
7:00am – 4:00pm          Gates Open

7:00am – 9:10am           Official Pro-Am Morning Wave

12:20pm – 2:30pm        Official Pro-Am Afternoon Wave

 

Thursday, May 3rd 
7:00am – 4:00pm          Gates Open

7:00am – 9:00am           First Round Morning Tee Times

9:30am – 12:30pm         Television Coverage, The Golf Channel

12:00pm – 2:00pm         First Round Afternoon Tee Times

 

Friday, May 4th  
7:00am – 4:00pm          Gates Open

7:00am – 9:00am           Second Round Morning Tee Times

9:30am – 12:30pm          Television Coverage, The Golf Channel

12:00pm – 2:00pm          Second Round Afternoon Tee Times

2:00pm – 6:00pm            Tasting Village presented by Savor Dallas

 

Saturday, May 5th

8:00am – 4:00pm          Gates Open

8:25am – 2:45pm            Third Round Tee Times

2:00pm – 6:00pm           Tasting Village presented by Savor Dallas

4:30pm – 7:00pm            Television Coverage, The Golf Channel

 

Sunday, May 6th

8:00am – 4:00pm         Gates Open

8:25am – 2:45pm          Final Round Tee Times

4:30pm – 7:00pm          Television Coverage, The Golf Channel

Following Play                 Awards Ceremony, 18th Green

Interest Rate Changes can Cost Huge!

by Christie Cannon

The Cost of Waiting to Purchase on Interest Rates

The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC] | MyKCM

Some Highlights:

  • Interest rates are projected to increase steadily heading into 2019.
  • The higher your interest rate, the more money you end up paying for your home and the higher your monthly payment will be.
  • Rates are still low right now. Don’t wait until rates hit 5% to start searching for your dream home!

If you are looking to find out more information about the local North Dallas Real Estate Market, please give us a call.  We would be delighted to answer your real estate questions.  Likewise, we would be happy to refer a quality local lender to answer your mortgage questions!

Christie Cannon | Keller Williams Frisco | 469-951-9588

Displaying blog entries 1-10 of 202

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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

 

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