Real Estate Information Archive

Blog

Displaying blog entries 1-10 of 27

Don't Miss It! The District Concert Series This Weekend

by Christie Cannon

Don't Miss It! The District Concert Series This Weekend

Rain or Shine The District Concert Series is taking place this weekend! Come on out and enjoy the fun-filled FREE event taking place from 7:00-9:00pm at The Shops at Willow Bend. This weekend promises to be a blast with the sounds of Journey & Fleetwood Mac gracing the stage.

 

Friday, October 19th: Escape: A Journey Tribute Band that consists of veteran musicians who bring a dynamic, high-energy presentation to every show. Their goal is to get people off their chairs to sing along and dance to the music. Journey's music is very much a positive message and their show is all about having a fun time for everyone attending! Food trucks on site will be Jenny Lynn's BBQ & Kona Ice. DUE TO WEATHER THIS NIGHT WILL BE HELD INSIDE GRAND COURT ON THE LOWER LEVEL AND FOOD TRUCKS WILL BE LOCATED OUTSIDE THE FOOD COURT ENTRANCE

 

Saturday, October 20th: Forever Mac: A Fleetwood Mac Tribute Band brings a never ending variety of song arrangements, spanning more than four decades of tours and performances complete with beautiful harmonies and signature instrumental tones. Food trucks on site will be The Dock & Kona Ice.

 

Admission is free and food, beer & wine are available for purchase. Check out the The Shops at Willow Bend website for updates on cancellations due to inclement weather. We will have some fun giveaways and will be available to answer any questions you may have, so come say hello! We can't wait to see you there!

 

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

 

Habitat for Humanity to Build Homes from Shipping Containers in McKinney

by Christie Cannon

Habitat for Humanity to Build Homes from Shipping Containers in McKinney

A new development in McKinney is coming and it has a whole new look! North Collin County Habitat for Humanity is building a new community, called Cotton Groves, offering affordable housing in the northern suburb of Dallas. 

The steel shipping containers have quickly become a trendy design, offering sleek & simple lines. Habitat will bolt several boxes together & on top of each other to create the three-, four- & five-bedroom homes. The homes will be finished out like standard Habitat homes and will feature solar panels, carports & balconies. 

Demand has been high for the new neighborhood with lots of people watching to see how it turns out. Read the full article about the new community!

 

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

 

What’s Going On With Home Prices?

by Christie Cannon

What’s Going On With Home Prices?

What’s Going On With Home Prices? | MyKCM

According to CoreLogic’s latest Home Price Insights Report, national home prices in August were up 5.5% from August 2017. This marks the first time since June 2016 that home prices did not appreciate by at least 6.0% year-over-year.

CoreLogic’s Chief Economist Frank Nothaft gave some insight into this change,

“The rise in mortgage rates this summer to their highest level in seven years has made it more difficult for potential buyers to afford a home. The slackening in demand is reflected in the slowing of national appreciation, as illustrated in the CoreLogic Home Price Index.  

National appreciation in August was the slowest in nearly two years, and we expect appreciation to slow further in the coming year.”

One of the major factors that has driven prices to accelerate at a pace of between 6-7% over the past two years was the lack of inventory available for sale in many areas of the country. This made houses a prized commodity which forced many buyers into bidding wars and drove prices even higher.

According to the National Association of Realtors’ (NAR) latest Existing Home Sales Report, we are starting to see more inventory come to market over the last few months. This, paired with patient buyers who are willing to wait to find the right homes, is creating a natural environment for price growth to slow.

Historically, prices appreciated at a rate of 3.7% (from 1987-1999). CoreLogic predicts that prices will continue to rise over the next year at a rate of 4.7%.

Bottom Line

As the housing market moves closer to a ‘normal market’ with more inventory for buyers to choose from, home prices will start to appreciate at a more ‘normal’ level, and that’s ok! If you are curious about home prices in your area, let’s get together to chat about what’s going on!

 

 

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

Introducing The Corridor DFW Magazine!

by Christie Cannon

Introducing The Corridor DFW Magazine!

 

This month, The Christie Cannon Team is proud to announce the launch of our new magazine The Corridor DFW! This publication designed for the North Texas community features a wide range of lifestyle and real estate stories to inspire, inform & connect with you like never before. The world of home design, a featured local artist, tips on how to stage a home and featured local listings that are too great to miss can all be found in this debut issue. We also take a peek into some of the highly anticipated master planned communities and everything that they offer. 

With the market seeing a shift, expertise comes into play more than ever. Whether you are planning on buying or selling, The Corridor DFW is now here to entertain, inform and present ideas for you and your next real estate endeavor. 

 

A+ Reasons to Hire a Real Estate Pro

by Christie Cannon

A+ Reasons to Hire a Real Estate Pro 

A+ Reasons to Hire a Real Estate Pro [INFOGRAPHIC] | MyKCM

Some Highlights:

  • Hiring a real estate professional to help you buy your dream home or sell your current house is one of the most ‘educated’ decisions you can make!
  • A real estate professional has the experience needed to help you through the entire process.
  • Make sure that you hire someone who knows current market conditions and can simply and effectively explain them to you and your family!

 

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

 

Crush Taco - Local Restaurant Review

Located in Frisco, Texas, Crush Taco features a variety of gourmet tacos, house frozen margaritas, local beers, and speciality sodas.

Besides BBQ, tacos in Texas are not to be taken lightly. Chef Mo crushes the competition with his inventive and delectable variety. My favorites are the cornflake crusted shrimp and fried chicken “elotes style” tacos. I love the sweet chili sauce with the shrimp and who doesn’t like some Mexican street corn with fried chicken? My other favorite is the falafel. Yes, it is vegetarian, but trust me….it’s worth it. I like his addition of shredded cabbage for a nice textural balance. Pop of flavor with a little crunch is all I need. If you have some room, I’d also recommend the chorizo fries. Tell your friends about Crush Taco and you will be the tac-o the town.

 

Stewart Walker 
Buyer's Specialist
The Christie Cannon Team
Keller Williams Realty Frisco
972-215-7747
www.CannonTeamHomes.com

 

 

How to Position your North Dallas Home for the Best Price

by Christie Cannon

One of the most common questions every homeowner wants to know is how to make sure they maximize their financial reward when selling their home. But how do you set yourself up to ensure that you receive the maximum value for your house?

Here are two keys to ensure that you get the highest price possible.

1. Price it a LITTLE LOWER 

This may seem counterintuitive, but let’s look at this concept for a moment. Many homeowners think that pricing their homes a little OVER market value will leave them with room for negotiation. In actuality, this just dramatically lessens the demand for your house (see chart below).

2 Ways to Get the Most Money from The Sale of Your Home | Simplifying The Market

Instead of the seller trying to ‘win’ the negotiation with one buyer, they should price it so that demand for the home is maximized. By doing this, the seller will not be fighting with a buyer over the price but will instead have multiple buyers fighting with each other over the house.

Realtor.com gives this advice:

“Aim to price your property at or just slightly below the going rate. Today’s buyers are highly informed, so if they sense they’re getting a deal, they’re likely to bid up a property that’s slightly underpriced, especially in areas with low inventory.”

2. Use a Real Estate Professional

This, too, may seem counterintuitive. The seller may think they would make more money if they didn’t have to pay a real estate commission. With this being said, studies have shown that homes typically sell for more money when handled by a real estate professional.

study by Collateral Analytics, reveals that FSBOs don’t actually save any money, and in some cases may be costing themselves more, by not listing with an agent.

In the study, they analyzed home sales in a variety of markets in 2016 and the first half of 2017. The data showed that:

“FSBOs tend to sell for lower prices than comparable home sales, and in many cases below the average differential represented by the prevailing commission rate.”

The results of the study showed that the differential in selling prices for FSBOs when compared to MLS sales of similar properties is about 5.5%. Sales in 2017 suggest the average price was near 6% lower for FSBO sales of similar properties.

Bottom Line

Price your house at or slightly below the current market value and hire a professional. This will guarantee that you maximize the price you get for your house.  To see what your home might be able to sell for, please click the link below! 

Free Home Price Estimation

 

Christie Cannon | The Christie Cannon Team | Keller Williams Frisco

469-951-9588 | www.ChristieCannon.com | 4783 Preston Rd # 300 Frisco TX

 

4 Reasons to Sell This Winter

by Christie Cannon

Some Highlights:

  • Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available!
  • Housing inventory is still under the 6-month supply needed to sustain a normal housing market.
  • Perhaps the time has come for you and your family to move on and start living the life you desire.

 

Christie Cannon | REALTOR
The Cannon Team
Keller Williams Realty Frisco
469-951-9588
www.ChristieCannon.com

 

There’s More to a Bubble Than Rising Home Prices

by Christie Cannon

There’s More to a Bubble Than Rising Home Prices



What truly causes a housing bubble and the inevitable crash? For the best explanation, let’s go to a person who correctly called the last housing bubble – a year before it happened.

“A bubble requires both overvaluation based on fundamentals and speculation. It is natural to focus on an asset’s fundamental value, but the real key for detecting a bubble is speculation…Speculation tends to chase appreciating assets, and then speculation begets more speculation, until finally, for some reason that will become obvious to all in hindsight, the ‘bubble’ bursts.

I have taken to calling the housing market a ‘bubble’.”

– Bill McBride of Calculated Risk calling the bubble back in April 2005

Where do we stand today regarding speculation?

There are two measurements that are used to determine the speculation in a housing market:

1. The number of homes purchased by an investor and
2. The number of homes being flipped (resold within a twelve-month period)

As compared to 2005, investor purchases are down dramatically (from 23% to 13%) and so is flipping (from 8.2% to 5.7%). McBride explains:

“There is currently some flipping activity, but this is more the normal type of flipping (buy, improve and then sell). Back in 2005, people were just buying homes and letting them sit vacant – and then selling without significant improvements. Classic speculation.”

What are the experts saying about speculation in today’s market?

DSNews recently ran an article which asked two economists to compare the speculation in today’s market to that in 2005-2007. Here is what they said:

Dr. Eddie SeilerChief Housing Economist at Summit Consulting:

“The speculative ‘flipping mania’ of 2006 is absent from most metro areas.”

Tian LiuChief Economist of Genworth Mortgage Insurance:

“The nature of housing demand is different as well, with more potential homeowners and far fewer speculators in the housing market compared to the 2005-2007 period.”

And what does McBride, who called the last housing bubble, think about today’s real estate market?

Sixty days ago, he explained:

“In 2005, people were just buying homes and letting them sit vacant – and then selling without significant improvements. Classic speculation. And even more dangerous during the bubble was the excessive use of leverage (all those poor-quality loans). Currently lending standards are decent, and loan quality is excellent…

I wouldn’t call house prices a bubble – and I don’t expect house prices to decline nationally like during the bust.”

Bottom Line

Speculation is a major element of the housing bubble formula. Right now, there are not elevated percentages of investors and house flippers. Therefore, there is not an elevated rate of speculation.

 

Christie Cannon | REALTOR
The Cannon Team
Keller Williams Realty Frisco
469-951-9588
www.ChristieCannon.com

 

Keller Williams Does It Again

by Christie Cannon

Keller Williams Continues to Lead the Pack

2017 has been a great year and Keller Williams has been honored to receive a number of prestigious awards.  We are excited to continue excelling in our field!

  • Training Magazine
    #1 training organization across all industries
  • REAL Trends 500
    Keller Williams had more offices (161) represented on top real estate brokerages list than any other franchise
  • REAL Trends/ Wall Street Journal "The Thousand"
    Keller Williams had more agent teams ranked by closed transactions and sales volume than any other franchise
  • RIS Media Power Broker Report
    Keller Williams ranked #1 Power Broker by Brand - home to 32 percent of top brokers
  • REALTOR Magazine
    Keller Williams home to industry-leading five 30 Under 30 winners
  • Swanepoel Power 200
    Eight representatives on list of most powerful people in residential real estate, including Gary Keller, John Davis, and Mary Tennant
  • Inman Real Estate Influencers of 2017
    Seven representatives on list of industry influencers, including Chief Innovation Officer Josh Team
  • National Association of Hispanic Real Estate Professionals 250
    Keller Williams is home to 37 agents on NAHREP's list of top-producing Latino agents including 7 of the Top 10
  • Forbes
    #3 on list of Happiest Companies to Work for in 2017
  • Entrepreneur Magazine
    Top Company Cultures
  • Entrepreneur Magazine
    Moved up 63 spots on Franchise 500 list of top franchises
  • Franchise Business Review
    Top-rated real estate franchise based on franchisee satisfaction
  • Franchise Business Review 
    One of the Top 50 Franchises for Women
  • Franchise Times
    Only real estate company on "Fast & Serious" list of 40 smartest-growing brand

Just one more reason Keller Williams is ranked #1 happiest place to work in 2018!!​​

Christie Cannon | REALTOR
The Cannon Team
Keller Williams Realty Frisco
469-951-9588
www.ChristieCannon.com

 

Displaying blog entries 1-10 of 27

Syndication

Categories

Archives

Share This Page

Contact Information

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

 

Home Warranty Of America