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Rising Interest Rate Predictions

Tuesday, January 21, 2014
by Christie Cannon

Everyone knows it is coming.... but no one really agrees on exactly when or where they may end up...

Recent surveys on major retail real estate websites already cite rising interest rate fears as buyer number one concern  (with low inventory closely behind).  Below is compiled some of the major real estate institutions predictions for 4th quarter 2014.

1.8 Interest Rate Projections 

An interesting point on these predictions is that the typically rosy prediction from the National Association of Realtors (NAR) is significantly higher than Fannie & Freddie, and more inline with the traditionally conservative Mortgage Bankers Association.  Towards the tale end of last year, NAR actually predicted rates to be closer to 5.4%/5.5%.  

While rates have remained at historically low prices - and yes  we now scoff at our past excitement at refi-ing below 6.5%, - when it comes to a buyer's purchasing power, the relative effect of the interest rate is profound

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McKinney's Westridge ranked in top 50 in US!

Wednesday, January 15, 2014
by Christie Cannon

Nationally acclaimed John Burns Real Estate Consulting ranked the top 50 Master-Planned Communities in the US.  McKinney's own (and ever growing) Westridge ranked among the elite of this list. While TX accounted for a whopping 1/3 of the communities listed, Westridge was the only greater Dallas suburb to make the cut!  A renewed interest in large master-planned communities in our area has resulted from stronger buyer confidence, low pre-owned inventory, renewed investor confidence, & a new-home contruction boom.  With communities such as Celina's Light Farms & Frisco's own Phillips Creek Ranch.... perhaps 2014 will see more North TX communities making the grade.

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To the many New Kids on the Block - Welcome to Texas!

Saturday, January 4, 2014
by Christie Cannon

Chances are if you are not the new kid on your block, then your next door neighbor is....

In 2013 (measured July 2012 - July 2013), Texas led the nation in state-to-state migration edging out California by about 14% (about 2x the national rate)!  This is Texas' 8th year straight as the leader in population growth.   The US Census Bureau just released an estimate that 1.3 Million people moved here since 2010.  

While many factors likely played a role, it certainly doesn't help that Texas out performed the national in job creation by approximately 2:1! 

Many (if not most) home-buyers currently looking for houses have seen the effect of this growth, combined with the lingering effects of the past few years economies,resulting in very low inventory (much to home-builder's delight).  The tight inventory of pre-owned & new homes continue to drive & maintain prices above historical growth.

If the state's migration trend continues as predicted (even at a diminished rate) & we continue to see populations move from rural to urban & suburban areas, it is likely that all residents will feel the continued growth more & more in our daily lives as state & local leadership are faced with increased challenges from water usage & traffic.  Fortunately, may experts believe that between a stronger economy, stricter financing, & some very hard lessons's learned, Texas is not as likely to return to the boom-bust cycle we suffered in the 1980's.   

- Christie Cannon 

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Happy New Years to All!

Thursday, January 2, 2014
by Christie Cannon

Wishing everyone a Happy Home & wonderful 2014!

- best wishes in the new year

Christie Cannon

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Christie Cannon on REAL TALK TEXAS radio show - Thank You

Friday, December 13, 2013
by Christie Cannon

A few months ago we had the pleasure of meeting & spending a morning with Steve Hakes on his KLIF Radio Show - REAL TALK TEXAS - Real Talk Real Experts.  

It is our understanding that Steve & his show is on a hiatus.  We, at the Christie Cannon Team, just wanted to say thank you, we hope all is well, & we look forward to hearing you on our radios soon!

Click here to hear Christie Cannon & Kevin Cannon on Real Talk Texas

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Real Estate (& Economy) Forecast...& a little potty humor - A&M Real Estate Center

Monday, December 9, 2013
by Christie Cannon

Looking for some good "Ipad reading"?   - The Texas A&M Real Estate Center - I've said it before.... when these guys speak on TX Real Estate, even the "experts" listen!  Great info for any one interested in TX growth, economy, & housing projections from nationally recognized gurus. 

Here is their 2014 Economic & House Forecast (presented on 10/16/2013) - be sure to check out page 25 to see the Projected Growth by County!

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McKinney, TX - The Year’s Most Searched ZIP Codes on REALTOR.com

Saturday, December 7, 2013
by Christie Cannon

Each year Realtor.com tracks the most searched zip codes in the nation... every year North TX commands a spot or two.  This year, Realtor.com's list of top 5 zip codes counts McKinney TX as number 2! 

Named by CNN's Money magazine in 2012 as a Best Place to Live in America (for the 3rd time), and the seat of government for Collin County... McKinney's popularity is no secret.  Lightly rolling terrain, mature trees, extensive green-spaces, parks, & the award winning Heard Museum & Wildlife Sanctuary certainly help make McKinney Unique by Nature.  

You can view the list full & article here. With all that McKinney has to offer, the city's recognition is very well deserved.

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Interesting Frisco TX Growth Update!

Friday, December 6, 2013
by Christie Cannon

I remember when Frisco, TX was the place people went bird hunting.  It was a few small communities and a hodge-podge of ranches; one famous and a few infamous.....  When I moved here from Plano the population was around 28,000 - when the EDC was formed the population was about 6,000!

Everyone knows Frisco's growth has been record breaking, but is our potential fully realized?  

Having attended a development round-table earlier this week, I am delighted to share a few "Frisco Facts," of which I was reminded or only just learned:

  • Frisco ISD has remained the fastest growing in TX (and in the top of the nation) for 12 consecutive years
  • Frisco ISD has more Exemplary Rated Schools than any district in TX
  • Frisco ISD is about 68% built-out (between development, parks, etc)
  • The city of Frisco is approximately 50% built-out
  • 3 land owners retain the majority of the undeveloped land (over 60%)
  • Frisco boasts appox 1,400-acres of developed park land & 56 miles of hike & bike trails (& growing)
  • Frisco owns approx 750 undeveloped park lands
  • Stonebrook Parkway... will not be opening as quick as most believed - between crossing a Flood Plain & Rail Road, we are looking less at months & more towards years
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Way to Go Frisco - Frisco TX & McKinney TX - Best Mid-Sized Cities in the Nation!

Wednesday, December 4, 2013
by Christie Cannon

Congratulations to both Frisco & McKinney!  Seems the rest of the nation is learning what we already know...

Movoto.com conducted a recent study of the top 100 Mid-Sized cities based upon Cost of Living, Unemployment Rate, Median Income, Crime Rating, School Quality, & Number of Homes for Sale per Capita.

The Top Ten:

  1. Frisco, TX
  2. McKinney, TX
  3. Cary, NC
  4. Pembroke Pines, FL
  5. Cape Coral, FL
  6. Cedar Rapids, IA
  7. Overland Park, KS
  8. Sioux Falls, SD
  9. Naperville, IL
  10. Olathe, KS

How did the competition stack up? - view the article here

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National Association of Realtors 2014 Projections!

Wednesday, October 30, 2013
by Christie Cannon

2014 Projections BlogSize

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Displaying blog entries 61-70 of 86

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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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