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50 Owner's Retreat Inspirations

Monday, June 29, 2020

by Christie Cannon

Often we find ourselves putting the owner's retreat on the back burner in terms of decorating. We make sure main rooms such as the living room, kitchen and dining room are well decorated so that it makes a great impression for guests, but what about YOU?

Here are 50 color inspirations from HGTV to inspire you to spruce up your bedroom! Your Owner's retreat should be a place to escape and relax at the end of the day, so make it beautiful!

https://www.hgtv.com/design/rooms/bedrooms/inviting-master-bedroom-color-schemes-pictures

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Spring Home Buying Recovering From Coronavirus

Wednesday, April 29, 2020

by Christie Cannon

"We estimate that there are currently 29 states that have a housing deficit, and when we consider only these states, the housing shortage grows from 2.5 million units to 3.3 million units"

Texas currently is experiencing a 4.81% deficit in housing supply

- from the Freddie Mac Report - The Housing Supply Shortage: State of the States

Contact one of our expert agents today if you are looking to buy or sell and want to know your options during the Coronavirus. Our team is always here to help and educate!

972-215-7747 | cannonteamhomes.com

The novel coronavirus was unable to dampen the interest of homebuyers in the past week.

Even as people follow stay-at-home guidelines, the number of people filing home purchase applications rose 12 percent on a seasonally adjusted basis, according to the Mortgage Bankers Association.

That's the strongest level in almost a month.

"The ten largest states had increases in purchase activity, which is potentially a sign of the start of an upturn in the pandemic-delayed spring homebuying season, as coronavirus lockdown restrictions slowly ease in various markets,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting. “California and Washington continued to show increases in purchase activity, with New York seeing a significant gain after declines in five of the last six weeks.”

Helping to boost purchase interest was a decline in mortgage rates to 3.43 percent for a 30-year mortgage, a record low in MBA's survey.

"Refinance activity declined 7 percent, as rates for refinances likely remained higher than those for purchase loans, " said Kan. "Lenders are still working through pipelines at capacity, and observed changes in credit availability for refinance loans have also in turn impacted rates.”

Overall demand for mortgage applications fell 3.3 percent from the prior week.

The survey covers over 75 percent of all U.S. retail residential mortgage applications and has been conducted weekly since 1990.

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The #1 Thing You Can Do Now to Position Yourself to Buy a Home This Year

Thursday, April 2, 2020

by Christie Cannon

The #1 Thing You Can Do Now to Position Yourself to Buy a Home This Year

The last few weeks and months have caused a major health crisis throughout the world, leading to a pause in the U.S. economy as businesses and consumers work to slow the spread of the coronavirus. The rapid spread of the virus has been compared to prior pandemics and outbreaks not seen in many years. It also has consumers remembering the economic slowdown of 2008 that was caused by a housing crash. This economic slowdown, however, is very different from 2008.

One thing the experts are saying is that while we’ll see a swift decline in economic activity in the second quarter, we’ll begin a sharp rebound in the second half of this year. According to John Burns Consulting:

“Historical analysis showed us that pandemics are usually V-shaped (sharp recessions that recover quickly enough to provide little damage to home prices), and some very cutting-edge search engine analysis by our Information Management team showed the current slowdown is playing out similarly thus far.”

Given this situation, if you’re thinking about buying a home this year, the best thing you can do right now is use this time to get pre-approved for a mortgage, which you can do from the comfort of your home. Pre-approval will help you better understand how much you can afford so that you can confidently do the following two things when you’re ready to buy:

1. Gain a Competitive Advantage

Today’s low inventory, like we’ve seen recently and will continue to see, means homebuyers need every advantage they can get to make a strong offer and close the deal. Being pre-approved shows the sellers you’re serious about buying a home, which is always a plus in your corner.

2. Accelerate the Homebuying Process

Pre-approval can also speed-up the homebuying process so you can move faster when you’re ready to make an offer. Being ready to put your best foot forward when the time comes may be the leg-up you need to cross the finish line first and land the home of your dreams.

Bottom Line

Pre-approval is the best thing you can do right now to be in a stronger position to buy a home when you’re ready. Let’s connect today to get the process started.

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What You Can Do to Keep Your Dream of Homeownership Moving Forward

Friday, March 27, 2020

by Christie Cannon

What You Can Do to Keep Your Dream of Homeownership Moving Forward

What You Can Do to Keep Your Dream of Homeownership Moving Forward [INFOGRAPHIC] | MyKCM

Some Highlights:

Don’t put your homeownership plans on hold just because you’re stuck inside.
There are several things you can do right now to keep your home search moving forward.
Connect with an agent, learn about resource programs for things like down payments, and get pre-approved today.

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Displaying blog entries 1-4 of 4

Real Estate Information Archive

Blog

50 Owner's Retreat Inspirations

Spring Home Buying Recovering From Coronavirus

The #1 Thing You Can Do Now to Position Yourself to Buy a Home This Year