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The Housing Market Will “Spring Forward” This Year!

by Christie Cannon

The Housing Market Will “Spring Forward” This Year!

The Housing Market Will “Spring Forward” This Year! | MyKCM

Just like our clocks this weekend, in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale has been holding back the market.

Many potential sellers believe that waiting until Spring is in their best interest. Traditionally, they would have been right.

Buyer demand has seasonality to it. Usually, this falls off in the winter months, especially in areas of the country impacted by arctic conditions.

That hasn’t happened this year.

Demand for housing has remained strong as mortgage rates have remained near historic lows. Even with an increase in rates forecasted for 2019, buyers are still able to lock in an affordable monthly payment. Buyers are increasingly jumping off the fence and into the market to secure a lower rate.

The National Association of Realtors (NAR) recently reported that in 2018 the top 10 dates sellers listed their homes all fell in April, May, or June.

Those who act quickly and list now, before a flood of increased competition, will benefit from additional exposure to buyers.

Bottom Line

If you are planning on selling your home in 2019, meet with a local real estate professional to evaluate the opportunities in your market.

 

 

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

A Snapshot of Today's Sellers

by Christie Cannon

A Snapshot of Today's Sellers

 

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

Welcome to North Texas! Major Companies Continue to Flock to the Area

by Christie Cannon

Welcome to North Texas! Major Companies Continue to Flock to the Area

 

 

Global powerhouses with household names and large workforces continue to flock to North Texas. Companies like Toyota, Pizza Hut, Keurig Dr Pepper, Frito Lay & JCPenney have all left their longtime headquarters and set up new ones right here. 

The latest of these is the PGA of America. who announced in December it would be making its new home in North Texas. 

"There's an ecosystem of companies there now and they're in very innovative cities," says Bryan Daniel, executive director for economic development and tourism in Texas Gov. Greg Abbott's office.

The corporate buzz about North Texas is focused on suburban communities, particularly in Plano and Frisco. But other communities – Allen, McKinney and Prosper – are waiting in the wings. Talk to anyone in the North Texas business community, and they tout a good cost of living, excellent schools, housing that's affordable with lots of price points, safe neighborhoods, access to arts and sports, racial and ethnic diversity and Dallas/Fort Worth International Airport.

The new PGA headquarters will span over 600 acres in Frisco. It will include two golf courses, a clubhouse, resort, conference center, retail stores, parks, trails and open space. With the golf courses expected to open in 2022, the hotel, convention center and other facilities will soon follow. The PGA headquarters is expected to bring 1,000 new jobs starting this summer.
 
Full article with details about how other major companies made the move and the full impact of the relocation can be found here.
 
Christie Cannon | REALTOR
The Christie Cannon Team
Keller Williams Realty Frisco
972-215-7747
 

Thinking of Selling Your House? This is a Perfect Time!

by Christie Cannon

Thinking of Selling Your House? This is a Perfect Time!

It is common knowledge that a great number of homes sell during the spring buying season. For that reason, many homeowners hold off putting their homes on the market until then. The question is whether or not that is a good strategy this year.

The other listings that come out in the spring will represent increased competition to any seller. Do a greater number of homes actually come to the market during this season in comparison to the rest of the year? The National Association of Realtors (NAR) recently revealed the months during which most people listed their homes for sale in 2018. This graphic shows the results:

Thinking of Selling Your House? This is a Perfect Time! | MyKCM

The three months in the second quarter of the year (represented in red) are consistently the most popular months for sellers to list their homes on the market. Last year, the number of homes available for sale in January was 1,520,000.

That number spiked to 1,870,000 by May!

What does this mean to you?

With the national job situation improving and mortgage interest rates projected to rise later in the year, buyers are not waiting until the spring; they are out looking for homes right now.

Bottom Line

If you are looking to sell this year, waiting until the spring to list your home means you will have the greatest competition amongst buyers. Beat the rush of housing inventory that will enter the market and list your home today!

 

 

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

5 Tips for Starting Your Home Search

by Christie Cannon

5 Tips for Starting Your Home Search

5 Tips for Starting Your Home Search | MyKCM

In today’s real estate market, with low inventory dominating the conversation in many areas of the country, it can often be frustrating to be a first-time homebuyer if you aren’t prepared.

In a recent realtor.com article entitled, “How to Find Your Dream Home—Without Losing Your Mind,” the author highlights some steps that first-time homebuyers can take to help carry their excitement of buying a home throughout the whole process.

1. Get Pre-Approved for a Mortgage Before You Start Your Search

One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgagebefore starting your search. Even if you are in a market that is not as competitive, understanding your budget will give you the confidence of knowing whether or not your dream home is within your reach.

This step will also help you narrow your search based on your budget and won’t leave you disappointed if the home you tour, and love, ends up being outside your budget!

2. Know the Difference Between Your ‘Must-Haves’ and ‘Would-Like-To-Haves’

Do you really need that farmhouse sink in the kitchen to be happy with your home choice? Would a two-car garage be a convenience or a necessity? Could the ‘man cave’ of your dreams be a future renovation project instead of a make-or-break right now?

Before you start your search, list all the features of a home you would like and then qualify them as ‘must-haves’, ‘should-haves’, or ‘absolute-wish list’ items. This will help keep you focused on what’s most important.

3. Research and Choose a Neighborhood You Want to Live In

Every neighborhood has its own charm. Before you commit to a home based solely on the house itself, the article suggests test-driving the area. Make sure that the area meets your needs for “amenities, commute, school district, etc. and then spend a weekend exploring before you commit.”

4. Pick a House Style You Love and Stick to It

Evaluate your family’s needs and settle on a style of home that would best serve those needs. Just because you’ve narrowed your search to a zip code, doesn’t mean that you need to tour every listing in that zip code.

An example from the article says, “if you have several younger kids and don’t want your bedroom on a different level, steer clear of Cape Cod–style homes, which typically feature two or more bedrooms on the upper level and the master on the main.”

5. Document Your Home Visits

Once you start touring homes, the features of each individual home will start to blur together. The article suggests keeping your camera handy and documenting what you love and don’t love about each property you visit. They even go as far as to suggest snapping a photo of the ‘for sale’ sign on the way into the property to help keep the listings divided in your photo gallery.

Making notes on the listing sheet as you tour the property will also help you remember what the photos mean, or what you were feeling while touring the home.

Bottom Line

In a high-paced, competitive environment, any advantage you can give yourself will help you on your path to buying your dream home.

 

 

 

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

North TX - interesting spots for interesting sports

by Christie Cannon

While the weather may not yet cooperate, for those more adventurous souls (or at least more youthful!), 2014 offers a great deal of new & interesting adventures!

Little Elm, TX -Hydrous Wake Parkhttp://www.hydrouswakeparks.com/ - a wake boarding park located in the heart of Little Elm, just off the Lake.

Frisco, TX - IFly World - http://www.iflyworld.com/ - indoor skydiving located in at the Stonebriar Mall complex.

Frisco, TX - Canyons Indoor Rock Climbing - http://www.canyonsclimbinggym.com/ - indoor rock climbing.

Frisco, TX - Pole Position Indoor Kart Racing -  http://www.polepositionraceway.com/ - release your inner Richard Petty!

McKinney, TX - Elevate Trampoline Park - http://elevatetp.com/ - trampoline dodgeball! - could it get any better?

McKinney's Westridge ranked in top 50 in US!

by Christie Cannon

Nationally acclaimed John Burns Real Estate Consulting ranked the top 50 Master-Planned Communities in the US.  McKinney's own (and ever growing) Westridge ranked among the elite of this list. While TX accounted for a whopping 1/3 of the communities listed, Westridge was the only greater Dallas suburb to make the cut!  A renewed interest in large master-planned communities in our area has resulted from stronger buyer confidence, low pre-owned inventory, renewed investor confidence, & a new-home contruction boom.  With communities such as Celina's Light Farms & Frisco's own Phillips Creek Ranch.... perhaps 2014 will see more North TX communities making the grade.

Active Adult Community-Fairview

by Christie Cannon

Heritage Ranch offers an active adult livestyle for ages 55 and up.  This stunning community features a 24-hour guarded gate entrance, lakes, creeks lined with mature trees and plenty of amenities to keep you busy.  

There is the Heritage Ranch Golf Club, designed by Arthur Hills, which is an 18-hole championship golf course that offers a full-service golf shop, club rentals, locker rooms with showers, driving range and putting green. 

You will also find resturants, shopping and a 24,000 square foot Country Club with an outdoor swimming pool, indoor pool and heated spa, 4 tennis courts, restaurant and lounge, business center, library, billiards, fitness center, arts and crafts room, performing arts theater and banquet facilities.

The housing in Heritage Ranch consists of single family detached homes and duplexes.  Sizes range from 1,500 - 3,400 square feet and from $175,000 - $500,000+.

As a buyer, it does not cost you anything to be represented by a real estate agent, and it will be in your best interest to have someone looking out for you - EVEN IF YOU ARE BUYING NEW.  As a reader of my blog, feel free to ask me about my homebuyers rebate offer, and reduced fee if you plan to buy and sell through me!  For more information on this community or any other, please give me at call at 469-951-9588. 

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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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