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Proud Sponsor of the Children's Advocacy Gala 2020

Monday, February 17, 2020
by Christie Cannon

The Christie Cannon Team is once again a VERY PROUD sponsor of the Children's Advocacy Gala!

Children's Advocacy provides a safe and child friendly environment for abused and/or neglected children. 

The Gala is on Saturday April 4, 2020 at The Star in Frisco.

For more information on this great cause, how to donate or where to purchase tickets click the link below!

 

https://www.caccollincounty.org/

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Real Estate News: 5 Real Estate Trends in 2016

Monday, December 28, 2015
by Christie Cannon

Realtor.com & the National Association of REALTORs just posted their predictions for the top 5 industry trends in 2016.

 

  • A Return to Normal for Real Estate

In the words of Skywalker, "it will bring balance to the force."  While sales will continue strong, most markets will see a return to the more modest gains that are reflected in a balanced (& more sustainable) market.

  • Generational Data Supports Strong Selling Season in 2016 
In 2015, Millennial buyers represented almost 1/3 of home purchases.  This trend is expected to continue in 2016; as well as an expected return of financially recovering Gen-Exers & Baby Boomers.  According to the NAR, Gen-X buyers will be entering their "prime earning" years, just as Baby Boomers are tradtionally seeking to down size &/or relocate for retirement. More predictive analysis for 2016 (several years out) can be found here!
 
  • Builders will Transition to More Affordable Housing
As balance returns to pre-existing home sales and credit availability improves for first-time buyers, builders will see more attractiveness in building products to fill these niches.  Likewise, with the increased capital in the market from 2015, the direction of growth is already trending to the "out-skirts" of traditional suburb areas where land prices are more affordable.
 
  • Interest Rate Rise Will Affect the Higher-Price Markets
The FED has already increased interest rates this past month.  Additional increases are expected in 2016, with mortgage rates predicted to rise up to 60 basis points. As the rate increases, affordability will drop.  In areas where the move-up buyer is a significant part of the market, even a small "affordability" drop can have significant affect.
 
  • Rents Will Continue Their Rise (in some areas meteorically)
In more than 85% of market areas, the average rent to income ratio already exceeds 30%.  Demand aside, increases in property taxes & tax valuations result in double digit rent growth as those cost are passed from landlord to tenant.
 
 
- Christie Cannon - Keller Williams Frisco TX
 
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Photo of Christie Cannon Real Estate
Christie Cannon
Keller Williams Realty
5933 Preston Road #300
Frisco TX 75034
972-215-7747
Fax: 972-215-7748
Send an Email
Keller Williams Frisco - The Christie Cannon Team - http://www.christiecannon.com

 

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