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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

North Texas Homeowners are Hatching Larger Nest Eggs

by Christie Cannon

North Texas Homeowners are Hatching Larger Nest Eggs

While home prices are slowing down in appreciation rate, most North Texas homeowners have already built up large nest eggs in their home values. 

The average return on home sales across the country was the highest since before the Great Recession and equaled a 32 percent gain on the property's original purchase price. The profits were even greater in the D-FW area, where the average owner made $78,865 off the sale of their home. That represents a 45-percent gain. 

In North Texas, the most equity rich homeowners are in about a dozen zip codes, where more than half the properties have mortgages of half or less the current value.

The D-FW neighborhoods with the largest share of equity rich homeowners includes the 75224 zip code in southwest Dallas (62 percent), the 76014 zip code in Arlington (59 percent) and 76106 in Fort Worth (58 percent).

Read the full report here.

 

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

 

JPMorgan Chase Plans to Expand Its Huge Legacy West Campus

by Christie Cannon

JPMorgan Chase Plans to Expand Its Huge Legacy West Campus

 

Almost one year ago, financial giant JPMorgan Chase opened its 1-million square foot regional campus at Legacy West in Plano. The 49-acre development is home to thousands of JPMorgan Chase employees.

Chase is now requesting approval to expand the second phase of its $300 million project. The campus currently is home to three large buildings and two parking garages. The initial site plan details an additional 7-story building and 1.900 additional parking spaces in a new parking garage to be built on the south-side of Highway 121.

The Chase office is one of the biggest components of the Legacy West development, which is also home to office for Toyota, Liberty Mutual Insurance, Boeing & FedEx Office. Read about all the details here.

 

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

PGA of America is Heading to Frisco!

by Christie Cannon

PGA of America is Heading to Frisco!

The PGA of America is moving its headquarters from Palm Beach County, Florida to Frisco, Texas, the 2018 Best Place to Live in America,’ where it will anchor a 600-acre, mixed-use development with an initial investment worth more than half a billion dollars. This groundbreaking agreement is estimated to have an economic impact of more than $2.5 billion over the next 20 years.

The PGA of America is teaming with Omni Stillwater Woods (OSW), a joint venture led by Omni Hotels & Resorts with Stillwater Capital and Woods Capital; the City of Frisco, as well as its Economic and Community Development Corporations; and the Frisco Independent School District.

“Our move to Frisco will be transcendent for the PGA of America,” said Seth Waugh, CEO, PGA of America.  “Everything great starts with a dream.  This is the beginning of a bold, new journey as we bring together world-class partners in a world-class location – to deliver innovative and differentiated experiences for our nearly 29,000 PGA Golf Professionals, golfers of all abilities and our staff.”

Two championship golf courses, a short course, and practice areas totaling 45 holes; a clubhouse; Class AA office space; a 500-room Omni resort and 127,000-square-foot conference center; a technologically advanced retail village; parks and open space plus several miles of trails, will complement this unique, signature development.

A welcoming gateway at Frisco’s northern border, the upscale development will be located at Rockhill Parkway and Legacy Drive, approximately one-third of a mile south of U.S. 380.  The 600 acres are primarily situated within 2,500 acres being master planned by Hunt Realty Investments. The development will be open to the public, as well as golfers.The entire project will have an initial, estimated public-private investment totaling more than $520 million. 

The PGA of America will invest $30 million to build its 100,000-square-foot global headquarters and education facility.  OSW will invest $455 million to purchase the land, construct the hotel, conference center, retail space, parking facilities, and golf courses.  The golf course, club house, practice areas and associated public facilities will be owned by the city. More than 300 FISD high school golfers will practice at the facility on a weekly basis.

The golf courses are expected to open in summer 2022. The hotel, convention center, and other facilities are expected to open within six months of that date. The development will host the KitchenAid Senior PGA Championship in 2023.

 

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

75% of Renters Have Been Misinformed

by Christie Cannon

75% of Renters Have Been Misinformed

75% of Renters Have Been Misinformed | MyKCM

Recently, multiple headlines have been written asserting that homeownership is less affordable today than at any other time in the last decade. Though the headlines are accurate, they lack context and lead too many Americans to believe that they can’t partake in a major part of the American Dream – owning a home.

In 2008, the housing market crashed and home values fell by as much as 60% in certain markets. This was the major trigger to the Great Recession we experienced from 2008 to 2010. To come back from that recession, mortgage interest rates were pushed down to levels that were never seen before.

For the last ten years, you could purchase a home at a dramatically discounted price and attain a mortgage at a historically low mortgage rate.

Affordability skyrocketed.

Now that home values have returned to where they should be, and mortgage rates are beginning to increase, it is less affordable to own a home than it was over the last ten years.

However, what is not being reported is that it is MORE AFFORDABLE to own a home today than at any other time since 1985 (when data was first collected on this point).

If you take out the years after the crash, affordability today is greater than it has been at almost any time in American history.

This has not been adequately reported which has led to many Americans believing that they cannot currently afford a home.

As an example, the latest edition of Freddie Mac’s Research: Profile of Today’s Renter reveals that 75% of renters now believe it is more affordable to rent than to own their own homes. This percentage is the highest ever recorded. The challenge is that this belief is incorrect. Study after study has proven that in today’s market, it is less expensive to own a home than it is to rent a home in the United States.

Thankfully, some are starting to see this situation and accurately report on it. The National Association of Realtors, in their 2019 Housing Forecast, mentions this concern:

“While the U.S. is experiencing historically normal levels of affordability, potential buyers may be staying out of the market because of perceived problems with affordability.”

Bottom Line

If you are one of the many renters who would like to own their own homes, let’s get together to find out if homeownership is affordable for you right now.

 

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

The District Concert Series - 3 Day Event

by Christie Cannon

The District Concert Series - 3 Day Event

This is the final weekend of the District Concert Series and we are going out with a bang! Friday, Saturday and Sunday this weekend come out and enjoy the food, music & fun! The concerts take place at the all new Restaurant District at The Shops at Willow Bend in Plano, TX.

 

Friday, October 26th: Desparado, An Eagles Tribute Band from 7:00-9:00pm - Texas’ best Eagles tribute band based in Dallas, Texas, performing high-profile shows in and around the Dallas/Fort Worth area. The five members are dedicated to reproducing the Eagles experience, with attention to every sound, every solo, and most especially the incredible harmonized vocals that make the Eagles one of America's greatest bands of all time.

 

Saturday, October 27th: Texas Flood, A Premier Blues Band from 7:00-9:00pm - Texas Flood has become one of the premier blues bands in all of North Texas. Evolving from the original tribute to Stevie Ray Vaughan, Texas Flood pays tribute to the legends as well as the future of the blues through their own music and style. With an in-your-face show and raw high energy playing Tommy Katona takes the listener on a journey through the blues.

 

Sunday, October 28th: Two great shows are lined up for Sunday! Due to the inclement weather that cancelled shows on October 12th, we have a fun filled day lined up with back to back shows.
   2:00-4:00pm - Texas Bluesmen: Blues Brothers Tribute Band
   5:00-7:00pm - Swan Song: A Tribute to Led Zeppelin
*A Chicago Police Car and the Bluesmobile will be on site for fun photo ops!

 

 

Admission is free and food, beer & wine are available for purchase. The weather is supposed to be beautiful so come on out and enjoy this great event! 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

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

 

Displaying blog entries 1-10 of 13

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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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