Displaying blog entries 11-20 of 58
![The Difference an Hour Will Make This Fall [INFOGRAPHIC] | MyKCM](https://files.mykcm.com/2018/10/22070843/20181102-DLST-STM-1046x1354.jpg)
Christie Cannon | REALTOR
The Christie Cannon Team
Keller Williams Realty Frisco
972-215-7747
www.ChristieCannon.com
www.CannonTeamHomes.com
In a recent article, National Housing Inventory Crisis Reaches Inflection Point, realtor.com reported that:
This increase in housing inventory has sparked two different reactions. Some are saying this is the first sign of a potential collapse while others are saying it is a welcomed reprieve from the lack of inventory that has stalled the market recently. As Zelman & Associates reported in a recent ‘Z Report’:
“With the rate of home price appreciation starting to decelerate alongside the uptick in inventory, we expect significant debate whether this is a bullish or bearish sign.”
There are those who look at the increase in inventory as a sign that we are returning to the market we saw last decade. However, a closer look shows that we are nowhere near the levels of inventory we reached before the crash in 2008.
A normal market would have about 6-months inventory, but the latest Existing Home Sales Report issued by the National Association of Realtors revealed that:
“Unsold inventory is at a 4.3-month supply at the current sales pace up from 4.1 months a year ago.”
A decade ago, prices began to rapidly depreciate in June 2007. At that time, we had a 9.1-month supply (more than double what it is today) and inventory kept rising until it hit a peak of 11.1 months in April of 2008.
With the current levels of buyer demand, any such increase in months supply is highly unlikely. As Danielle Hale, realtor.com’s Chief Economist explains:
“After years of record-breaking inventory declines, September’s almost flat inventory signals a big change in the real estate market. Would-be buyers who had been waiting for a bigger selection of homes for sale may finally see more listings materialize. But don’t expect the level to jump dramatically.
Plenty of buyers in the market are scooping up homes as soon as they’re listed, which will keep national increases relatively small for the time being.”
The increase in inventory will allow many families who had been unable to find a home to finally become homeowners. Again, we quote from the ‘Z Report’:
“In our view, the short-term narrative will probably be confusing, but more sustainable growth and affordability will likely be the end result.”
If you are either a first-time or second-time buyer who has given up, let’s get together discuss the inventory available in our market.
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
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
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.
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!
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.
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.”
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.”
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.
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
Pumpkin patches, festivals, hay rides and more! We rounded up some of the best Halloween events in the area just for you!
ALLEN
BACH & BROOMSTICKS
Sat, October 20 12-4pm
Watters Creek
Crafts, balloon art, face painting, pumpkin decorating, hayrides
FAMILY FALL FESTIVAL
Sat, October 27 4:30-7:30pm
Christ the Servant Lutheran Church
Pumpkin painting, face painting, crafts, games
HOWL-O-WEEN BARKIN' BASH
Sun, October 28 1:30-3:30pm
Bethany Lakes Park
Contests, games, raffles & more!
ANNA
ANNA HARVEST FEST
Sat, October 27 12-6pm
Slayter Creek Park
Costume contest, pumpkin decorating contest, live music
CELINA
TRICK OR TREAT THE SQUARE
Wed, October 31 4-6pm
Main Street
FRISCO
FRISCOVANIA
Sat., October 27 3-8pm
Toyota Stadium
Carnival, fortune teller, games, food trucks, live music, runway show, special performances
FALL FESTIVAL
Sat, October 27 11am-1pm
Dr Pepper Ballpark
Costume Contest, petting zoo, pumpkin painting, face painting
FAMILY FUN FEST
Sun, October 28 4-8pm
Elevate Life Church
Carnival games, petting zoo, cakewalk, hay ride
LEWISVILLE
ROCKTOBER HALLOWEEN BASH!
Tue, October 30 5-9pm
Wayne Ferguson Plaza
Trick or treating, kids activities, La Freak performance
LITTLE ELM
PUMPKIN HOLLOW - *Cancelled due to weather
October 18-20
Little Elm Park
Haunted trail & hayride, pumpkin trail, games
MCKINNEY
GHOSTWALK
Chestnut Street
Check website for times
Walk through downtown, hauntings tours, paranormal experience
HALLOWEEN AT THE HEARD
Sat, Oct 20 6-10pm
Heard Natural Science Museum
Movie, trick or treating along dinosaurs
SCARE ON THE SQUARE
Wed, October 31 4-7pm
Historic Downtown McKinney
Costume contest, pumpkin races, family friendly event
PROSPER
PROSPER PUMPKINFEST
Sat, October 20 4:00pm
Frontier Park
Costume contest, pumpkin patch, activities
THE COLONY
FAMILY FRIGHT NIGHT
Sat, October 20 4pm-9am
Stewart Creek Park
Campout, haunted trail, costume contest, scary movie, hayride
HAUNTED SHADOWS LAKE TRAIL
Near Blue Sky Sports Center
Check website for times
Walk the dark trail through the woods, self-guided journey along Lake Lewisville
WYLIE
BOO ON BALLARD
Thur, October 25 6-8pm
Historic Downtown Wylie
Costume contest, trick or treating, activities
PUMPKIN PATCHES
PUMPKIN PATCH & FALL FESTIVAL, Allen
PUMPKINS ON THE PRAIRIE, Frisco
PRESTON TRAIL FARMS, Gunter
STORYBOOK RANCH PUMPKIN PATCH, McKinney
FLOWER MOUND PUMPKIN PATCH, Flower Mound
It's a great time of year to live in North Texas. No matter where you live, there is sure to be a fun-filled family-friendly Halloween event nearby!
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
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
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%.
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
Weekend Happenings - The District Concert Series
The Christie Cannon Team is once again proud to sponsor the District Concert Series located at the brand new Restaurant District at The Shops at Willow Bend in Plano, TX. Bring your entire family out for a night of food, music & fun! This year the District Concert Series will be held Friday & Saturday nights during the month of October. This weekend come check out Big Little Town & Beatlemania64.
Friday, October 5th: Dallas' own tribute to the hottest band on the country charts today: Big Little Town, has paralleled the group in an unprecedented way. Covering all of their songs, in perfect harmony.
Saturday, October 6th: Beatlemania64 presents a live multimedia musical journey through the life and times of the world's most celebrated band, The Beatles. The cover band performs hits from the vast anthology of Beatles classics.
Pick up delicious takeout and picnic on the patio or take in the festivities from the new restaurants' outdoor dining tables. Get a roll-up picnic blanket with takeout from one of the new restaurants in The District - Knife, Mexican Bar Company, Terra Mediterranean, Whistle Britches or Ascension, while supplies last!
This is a family friendly event and we can’t wait to see everyone out there! Stop by our tent, say HI and get some treats!!
Christie Cannon | REALTOR
The Christie Cannon Team
Keller Williams Realty Frisco
972-215-7747
www.ChristieCannon.com
www.CannonTeamHomes.com
Introducing The Corridor DFW Magazine!
This month, The Christie Cannon Team is proud to announce the launch of our new magazine The Corridor DFW! This publication designed for the North Texas community features a wide range of lifestyle and real estate stories to inspire, inform & connect with you like never before. The world of home design, a featured local artist, tips on how to stage a home and featured local listings that are too great to miss can all be found in this debut issue. We also take a peek into some of the highly anticipated master planned communities and everything that they offer.
With the market seeing a shift, expertise comes into play more than ever. Whether you are planning on buying or selling, The Corridor DFW is now here to entertain, inform and present ideas for you and your next real estate endeavor.
![4 Reasons to Sell This Fall [INFOGRAPHIC] | MyKCM](https://files.mykcm.com/2018/09/20120016/20180921-STM-ENG-1046x808.jpg)
Christie Cannon | REALTOR
The Christie Cannon Team
Keller Williams Realty Frisco
972-215-7747
www.ChristieCannon.com
www.CannonTeamHomes.com
Displaying blog entries 11-20 of 58
