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The Impact of Interest Rates!

by Christie Cannon

For most home buyers, a mortgage is a reality.  When it comes to purchasing with-in a buyer's set budget, understanding your interest rate is a critical factor in affordability!

Dallas Home Price Increases Far Outpace the US

by Christie Cannon

While many have reported the record gains that DFW has seen over the last 5-years have started to slow in their pace of increase, affordability continues to be a real problem for low-to-medium income households.  

Our record increases are easily reflected in the latest S&P/Case Shiller Index.  With local home prices up over 8.4%, Dallas' increase is almost twice that of the national average of 4.4%.  According to the Case Shiller Index, North Texas' record levels are almost 20% higher than our "peak" market in 2007!  While many of the economic fundamentals of the North Texas economy remain strong, many in our market are starting to grow weary of the increasing affordability gap. Despite Dallas being among the top three increases in the nation, many experts still consider the North Texas market a bargain compared to many other market areas around the nation. However, we are already starting to see signs of buyers (especially those that are long term residents) growing fatigued with rising sale prices compared to North Texas' more modest historic gains.

 

CHRISTIE CANNON  REALTOR

The Christie Cannon Team

Keller Williams Realty Frisco

469-951-9588: Mobile

 

Voted as one of the BEST Realtors in D Magazine for 2010-2016

Voted as a Five Star Professional 2012-2016 Texas Monthly Magazine

Name among America's Best Real Estate Agents by Real Trends Magazine

Among the top 250 Real Estate Teams in America as seen in The Wall Street Journal

Certified Luxury Home Marketing Specialist

Gobal Property Specialist

#1 Keller Williams Agent 2011-2015

Top 100 Agents in the Nation / KW

 


DFW's Housing Prices Continue Rise Despite Some Softening

by Christie Cannon

Case-Shiller posted their Home Price Indices today. Overall, the 20-city composite reflected a .09% gain in May & a 5.2% gain for the last 12 months. According to Case-Shiller, home prices when seasonally adjusted fell by .1% in May. 

DFW had a 9% increase in the last year & a 1.3% increase for both May/April & April/March. Seasonally adjusted, these numbers fall to May/April at .5% and April/March at .1%.

In a recent article on the Dallas Business JournalCandace Carlisle reports that over the last 5 years North Texas home prices have climbed a whopping 43%! As Carlisle reports, the affordability issue continues to create struggles for the DFW market.  You can read the full article here!

For more information regarding your local market, please feel free to give us a call!

Christie Cannon  REALTOR

The Christie Cannon Team

Keller Williams Frisco TX

469.951.9588: Mobile

972.215.7747: Office


Voted as one of the BEST Realtors in D Magazine for 2010-2016

Voted as a Five Star Professional 2012-2016 Texas Monthly Magazine

Name among America's Best Real Estate Agents by Real Trends Magazine

Certified Luxury Home Marketing Specialist

Global Property Specialist

#1 Keller Williams Agent 2011-2015

Top 100 Agents in the Nation / KW

 


Christie Cannon chosen among D Magazine Best Real Estate Agents

by Christie Cannon

Christie Cannon & The Christie Cannon Team of KW Frisco named by

 Magazine for the Best Real Estate Agent list in 2016.  

Thank you to our amazing clients, colleagues, & outstanding staff!

Christie Cannon & Kevin Cannon were also chosen as a  D Magazine Top Residential Real Estate Producers.

We owe a special "thank you" to the Real Estate Community for their recognition, our dedicated staff and agents, & most importantly, to our clients for their confidence & support.  

 "As a full-time Real Estate agent I truly enjoy providing an exceptional, five star service to my clients. I have been in the industry for 15 years and have an extensive knowledge of the real estate industry. A lot of people have asked what my secret to success has been over the years and there is no "real" secret....it's just providing an outstanding level of service. I believe in offering consultation and assistance beyond just the sale of a home.

 I have been fortunate enough to have been blessed with the most amazing team that helps me meet the needs of each of our clients on an individual level. With the help of my team, I can quickly respond to the needs of each of our clients above and beyond just the sale of each home. This high level of service creates a constant communication with clients to keep them up to date on the status of their transaction so I never leave someone wondering. I want to make sure you are completely satisfied throughout your entire transaction and then become your real estate agent for life!

I look forward to hearing from you and assisting you with all of your real estate needs!”

Christie Cannon's Magazine article can be viewed here at Magazine.

Thank you so much for the support!

Christie Cannon  REALTOR

The Christie Cannon Team

Keller Williams Frisco TX

469.951.9588: Mobile

972.215.7747: Office


Voted as one of the BEST Realtors in D Magazine for 2010-2016

Voted as a Five Star Professional 2012-2016 Texas Monthly Magazine

Name among America's Best Real Estate Agents by Real Trends Magazine

Certified Luxury Home Marketing Specialist

Global Property Specialist

#1 Keller Williams Agent 2011-2015

Top 100 Agents in the Nation / KW



What is coming to 380 & 423?

by Christie Cannon

So sales counselors Jeff Cook & Charles Durrenberger of Highland Homes / Horizon Homes at Arrowbrook in Aubrey were kind enough to share with us this rendering of some of the upcoming development at 380 & 423!

We seen some of the past reporting & rumblings, but this rendering offers us a great picture of what may come!

For a full size rendering that you can zoom, please click here!

 

 

CHRISTIE CANNON  REALTOR

The Christie Cannon Team

Keller Williams Frisco

469.951.9588: Mobile

www.ChristieCannon.com

 

 

Windsong Ranch Prosper TX Wins Again

by Christie Cannon

Windsong Ranch in Prosper TX continues to rack up the awards in 2016.  Earlier this month the Dallas Builder's Association (DBA) awarded Windsong Ranch the very coveted People’s Choice Community of the Year Award. in 2015, the Dallas Builder's Association awarded the community both Master Planned Community of the Year & Best Welcome Center.  There award follow the community winning 2015 & 2016 awards from the National Association of Home Builders for Best Amenity Center, Master Planned Community of the Year, & Best Landscape Plan.  

Offering over 600 acres of lakes, parks, creeks, hike & bike trails, resort style amenities, a community cafe, planned on-site Prosper ISD schools, & a location only a few miles from the Dallas North Tollway - Windsong Ranch is likely to continue grow in popularity as new phases open. Offering homes from such DFW favorite builders as: Highland Homes (DBA 2016 People's Choice Builder of the Year), American Legend (coming soon & DBA 2016 Builder of the Year), Huntington Homes, David Weekley Homes, Drees Homes, & more!

Want to know more about this awesome community or wish to see about what opportunities may be available for you? - Please give us a call!

CHRISTIE CANNON  REALTOR

The Christie Cannon Team

Keller Williams Frisco

469.951.9588: Mobile

 


Voted as one of the BEST Realtors in D Magazine for 2010-2016

Voted as a Five Star Professional 2012-2016 Texas Monthly Magazine

Name among America's Best Real Estate Agents by Real Trends Magazine

Certified Luxury Home Marketing Specialist

#1 Keller Williams Agent 2011-2015

Top 100 Agents in the Nation / KW

 


Fastest Growing Cities in US - Deep in the Heart of TX

by Christie Cannon

Texas holds 5 of the top 15 fastest growing cities (for towns with populations in excess of 50,000). 

Frisco continues to top the charts with 6.3 percent growth in 2015.  This continued growth places Frisco as the 4th fastest growing city in the US (by percent growth). Here in Texas, we find a new trend in the fastest growing cities, as we continue to see outward pressure from city centers drive suburban economic growth. Other "Burbs" to make the chart here in TX include (in order of ranking): Georgetown, New Braunfels, Pearland, & Frisco.  College Station was the only non-traditional suburb to make the list!

 

Christie Cannon  REALTOR

The Christie Cannon Team

Keller Williams Realty Frisco 

469.951.9588: Mobile

972.215.7747: Office

www.christiecannon.com

  

Voted as one of the BEST Realtors in D Magazine for 2010-2016

Voted as a Five Star Professional 2012-2016 Texas Monthly Magazine

Name among America's Best Real Estate Agents by Real Trends Magazine

Certified Luxury Home Marketing Specialist

#1 Keller Williams Agent 2011-2015

Top 100 Agents in the Nation / KW

 

Well the dreaded letter arrived; the good news, the market is up; the bad news, your county appraiser knows it...

So what comes next?

  1. Key things to keep in mind
    1. There are generally no costs in contesting your tax value (if you do so on your own), 
    2. There is no separate penalty for protesting your taxes but not succeeding,
    3. Some counties allow for an "informal review" & even encourage such a review prior to an ARB (Appraisal Review Board) hearing,
    4. County procedures differ for the request of a review or protest (some allow mail or electronic methods, others require a scheduled appointment conducted in person),
    5. Like most "government" services, there is a processes that appears much more complex than it actually is,
    6. Your fellow citizens & residents serve as part of the final Appraisal Review Board,
    7. You have a right to review the information that the appraisal office used in determining your value.
  2. Thoroughly review your Notice of Appraised Value
    1. Have you taken full advantage of tax exceptions for which you qualify (Homestead if owned before Jan 1st, Over 65, etc),
    2. Is the information on your appraisal about your home correct?,
    3. Is the information on the CAD's (Central Appraisal District) website correct (bedrooms, SqFt, etc)
    4. Did your appraised value increase greater than 10%, if you have a homestead exemption & no new improvements.
  3. Understand what you can protest
    1. Proposed value,
    2. Denied exemptions for which you believe you qualify,
    3. Incorrect information regarding the scope or use of your property,
    4. Incorrect owner,
    5. Incorrect taxing units (authorities),
    6. Defects of the home or property that would otherwise affect the value.
  4. Understand how value is derived in Texas for the property tax assessed value
    1. Appraisers look for homes that sold closest to Jan 1st in the tax year assessed
    2. Homes that are closest in size, year built, location, age, & construction style are given the greatest weight.
  5. Be Prepared - Bring organized data whether you are meeting "informally" with an appraiser or for an ARB hearing
    1. If you purchased or refinanced your home recently (especially close to Jan 1st) and your tax assessed value exceeds your sales price, bring your signed HUD-1 (Closing Disclosure) &/or a copy of the appraisal conducted for your mortgage
    2. Bring Sales Comps for comparable properties (see 4.2) & include: address, sale date, sale price, supporting docs, names of owners, MLS information, etc.
    3. Proof of defects of your home, functional or economic obsolescence
  6. Know your Dates, Deadlines, & Procedures
    1. File on-time or you may miss your chance
    2. In most cases your protest must be filed by May 31st (*BE SURE TO CHECK with your CAD!)
  7. READ YOUR COUNTY's PROTEST INFORMATION CAREFULLY - if you don't understand something, give them a call!
    1. Denton CAD (click for info)
    2. Dallas CAD (click for info)
    3. Collin CAD (click for info)
    4. Texas Comptroller of Public Accounts (click for info)

 - Good Luck & please let me know if you have any questions - Christie Cannon

Get Water Smart as Summer Approaches

by Christie Cannon

 

From Free Check-ups to Discounted Rain Barrel Sales, you may be surprised by how helpful your city really wished to be!
Frisco
http://www.ci.frisco.tx.us/177/Water-Resources
McKinney
http://www.mckinneytexas.org/waterrestrictions/
Plano
http://www.plano.gov/220/Water-Conservation-Restrictions-Home
Allen
http://www.cityofallen.org/929/Water-Conservation
Prosper
http://www.prospertx.gov/government/departments/water-conservation/
Little Elm
http://www.littleelm.org/index.aspx?nid=809
WaterMyYard
https://watermyyard.org/#/Location
NorthTXWaterIQ
http://northtexaswateriq.org/

Be water smart as we enter the summer!

Ok, so maybe this isn't the most fun topic for the spring; especially after another season of flash flooding & huge rains, but it wasn't that long ago when our lakes & lawns were suffering under long drought.

Once again, as we prepare to enter the summer season, it is time for us to be good stewards of our resources. Fortunately, most city's are actually eager to assist home owners & tenants alike! 

From Free Check-ups to Discounted Rain Barrel Sales, Rebates, & Incentives - you may be surprised by how helpful your city really can to be!

DFW growth brought almost 80,000 to the area last year

by Christie Cannon

In one of Steve Brown's most recent articles with the Dallas Morning News, Mr Brown does an excellent job of boiling down some of last year's census numbers into easy to digest numbers.  Between mid 2014 & mid 2015, the DFW area saw in increase of approx 78,000 people to the area.  Collin, Denton, & Tarrant counties led the way with 20K, 19K, & 18K people new to the area!  This equates to approx 6,500 people per month coming in the area! 

This influx of new folks to the DFW area continues to highlight a growing struggle between rising housing costs, a lag in new construction, & low pre-owned home inventory

Have questions of how this & other real estate news may affect your home in the market, please feel free to give me a call!

Christie Cannon - 469-951-9588

 

Displaying blog entries 451-460 of 517

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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
Keller Williams Frisco - The Christie Cannon Team - http://www.christiecannon.com