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Looking to Upgrade Your Current Home? Now’s the Time to Move-Up!

by Christie Cannon

In every area of the country, homes that are priced at the top 25% of the price range for that area are considered to be Premium Homes. In today’s real estate market there are deals to be had at the higher end! This is great news for homeowners who want to upgrade from their current house and move-up to a premium home.

Much of the demand for housing over the past couple years has come from first-time buyers looking for their starter home, which means that many of the more expensive homes that have been listed for sale have not seen as much interest.

This mismatch in demand and inventory has created a Buyer’s Market in the luxury and premium home markets according to the ILHM’s latest Luxury Report. For the purpose of the report, a luxury home is defined as one that costs $1 million or more.

“A Buyer’s Market indicates that buyers have greater control over the price point. This market type is demonstrated by a substantial number of homes on the market and few sales, suggesting demand for residential properties is slow for that market and/or price point.”

The authors of the report were quick to point out that the current conditions at the higher end of the market are no cause for concern,

“While luxury homes may take longer to sell than in previous years, the slower pace, increased inventory levels and larger differences between list and sold prices, represent a normalization of the market, not a downturn.”

Luxury can mean different things to different people. It could mean a secluded home with a ton of property for privacy to one person, or a penthouse in the center of it all for someone else. Knowing what characteristics you are looking for in a premium home and what luxury means to you will help your agent find your dream home.

Bottom Line

If you are debating upgrading your current house to a premium or luxury home, now is the time!

Joggin for the Frogmen - Charity 5K Run - May 4th

by Kevin Cannon

Join Joggin' for the Frogmen on May 4th at The Tribute in The Colony to help support an amazing cause!

"Inspired by US Navy SEALs (Frogmen), the Navy SEAL Foundation’s Joggin’ for Frogmen Race Series brings communities and families together to jog in honor of the Naval Special Warfare community and their families."

As a veteran of the US Army, I have seen first hand the overwhelming burden the past two decades have placed on our veteran community, & in particular members of Special Operations Forces.  Events such as Joggin' for the Frogmen offer critical support to families & survivors; & brings awareness to the heavy toll our recent wars have created in the SOF Community. 

Regardless of your skill or fitness level, from Tadpoles to Triatheletes, we hope you will show your support & makes this event a success!

Race info can be found here:

https://www.jogginforfrogmen.com/friscotx/

RACE DATE & TIME

MAY 4TH, 2019

6:30am – 7:30am – Race morning registration and packet pick ups
7:45am – Opening Ceremonies
8:00am – 5k race start
10:00am – Tadpole Trot
10:15am – Awards Ceremony

 

 

 

Frisco TX Home & Garden Show

by Christie Cannon

March 29-31, 2019 - Ford Center at The Star

Solve all your projects in one place in one weekend at the Greater Frisco Home & Garden Show! You’ll find the latest products and services for your home and landscape: builders, re-modelers, contractors, building materials, decks, pools, spas, entertainment systems, storage solutions, all kinds of plants, landscape displays, kitchenware, home accessories and so much more!

Our very own Christie Cannon offers a sneak peak below!

For More information - http://showtechnology.com/event/greater-frisco-home-garden-show/

 

 

 

 

 

 

 
Dallas-Fort Worth is again near the top of a shopping list for commercial property investors — behind only Los Angeles in a new survey. For the third year in a row, commercial real estate firm CBRE ranked D-FW second nationally in its survey of property investors. Houston also made the top 10.

Investors said industrial and warehouse buildings and apartments were their most targeted properties for 2019.
 

 

"We are seeing unprecedented investor interest for industrial and logistics properties in Dallas-Fort Worth coming not only from U.S. investors but also global capital from Asia, primarily Singapore, Europe, and the Middle East," Randy Baird, CBRE executive vice president of Industrial & Logistics, said in the report. "D-FW is capturing the interest of all forms of capital because we are at a central point in the U.S. supply chain, we have a pro-business environment with a low cost of doing business, and we have nation-leading population growth. 
"Investors are attracted not only by the current market fundamentals, which are stronger than ever but by the long-term view that D-FW and Texas as a whole will continue to outpace the country in population and job growth, translating to long-term asset appreciation.  "Only 1 in 10 of the investors CBRE polled said they planned to acquire office buildings this year. And only 9 percent said they were shopping for retail properties.  While 98 percent of the real estate industry execs CBRE surveyed said they planned to make property acquisitions this year, more investors indicated they would be more cautious in their buys."Pricing is at or near the previous peak for most asset types in prime locations, so investors are seeking yield in secondary markets and alternative asset types," said Chris Ludeman, Global President of Capital Markets for CBRE.  CBRE surveyed investors in November and December for the annual report. 
 After Los Angeles and D-FW, the real estate markets that investors are most hot on are Washington, D.C., San Francisco, Seattle, Denver and Atlanta.  When asked to list their top concerns for the real estate market this year, investors most often mentioned a global economic shock, rising interest rates and a property price bubble.  CBRE's annual investor poll is just the latest industry snapshot in which D-FW won high marks. Last fall, the Urban Land Institute and PriceWaterhouse Coopers identified D-FW as the top market for 2019 real estate investment and development activity.
 

Homeownership is Cornerstone of American Dream

by Christie Cannon

Homeownership is a Cornerstone of the American Dream

Homeownership is a Cornerstone of the American Dream |MyKCM

“The rumors of my death are greatly exaggerated.”

The famous quote attributed to Mark Twain can apply to homeownership in the United States today. During the housing bubble of the last decade, the homeownership rate soared to over sixty-nine percent. After the crash, that percentage continued to fall for the next ten years.

That led to speculation that homeownership was no longer seen as a major component of the American Dream. That belief became so widespread that the term “renters’ society” began to be used by some to define American consumers.

However, the latest report by the Census Bureau on homeownership shows that over the last two years, the percentage of homeowners has increased in each of the last eight quarters.

Homeownership is a Cornerstone of the American Dream |MyKCM

Going forward…

It appears the homeownership rate will continue to increase.

The 2019 Aspiring Home Buyers Profile recently released by the National Association of Realtors revealed that 84% of non-owners want to own a home in the future. That percentage increased from 73% earlier last year.

Bottom Line

In the United States, the concept of homeownership as part of the American Dream is very much alive and well.

 

To discuss if homeownership fits into our family & financial plan, contact one of our agents 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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