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Displaying blog entries 81-90 of 137

2015's Healthiest Real Estate Markets - North TX Tops Ranks

Wednesday, August 26, 2015
by Christie Cannon

Once again data reflects continued strength in our North Texas real estate market – just this past week Wallet Hub released their 2015 Healthiest Housing Report.

WalletHub compared 14 metrics in 300 cities to rank the overall “health” of each market.  To see their unique metrics, please click here.

 

Overall Rank

City

‘Real-Estate Market’ Rank

‘Affordability & Economic Environment’ Rank
1 Frisco, TX 3 2
2 Allen, TX 8 1
3 Arvada, CO 2 52
4 Plano, TX 6 29
5 Sunnyvale, CA 1 140
6 Carrollton, TX 11 16
7 McKinney, TX 21 4
8 Cary, NC 22 3
9 Richardson, TX 9 40
10 Santa Clara, CA 4 120
11 Fort Collins, CO 7 87
12 Austin, TX 28 5
13 Boulder, CO 5 139
14 Centennial, CO 15 61
15 Bellevue, WA 14 72
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Home Value Predictions for the Next 5-Years

Monday, August 24, 2015
by Christie Cannon

Home Values: Where Are They Headed in the Next 5 Years? | Keeping Current Matters

Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey.

Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists about where prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.

The results of their latest survey

  • Home values will appreciate by 4.1% in 2015.
  • The cumulative appreciation will be 18.1% by 2019.
  • That means the average annual appreciation will be 3.4% over the next 5 years.
  • Even the experts making up the most bearish quartile of the survey still are projecting a cumulative appreciation of 10.5% by 2019.

Have questions about our local market - please feel free to give me a call - Christie Cannon - 469-951-9588

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Buyer Demand Remains High

Friday, July 31, 2015
by Christie Cannon

The price of any item is determined by the supply of that item, and the market demand. The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report.

Inventory Levels & Demand

Sales of existing homes rose 3.2% from May, outpacing year-over-year figures for the ninth consecutive month. Total unsold housing inventory is at a 5.0-month supply.

This is down from May’s 5.1-month supply and remains below the 6 months that is needed for a historically normal market.

Consumer confidence is at the highest level in over a decade. Pair that with interest rates still around 4%, new programs available for down payments as low as 3%, and you have an attractive market for buyers.

Buyer demand for housing surged to it’s highest level since June 2013.

Prices Rising

June marked the 40th consecutive month of year-over-year price gains as the median price of existing homes sold rose to $236,400 (up 6.5% from 2014).

So What Does This Mean?

The chart below shows the impact that inventory levels have on home prices.

Inventory & Pricing | Keeping Current Matters

NAR’s Chief Economist, Lawrence Yun gave some insight into the correlation:

"Limited inventory amidst strong demand continues to push home prices higher, leading to declining affordability for prospective buyers."

NAR’s President, Chris Polychron added:

"The demand for buying has really heated up this summer, leading to multiple bidders and homes selling at or above asking price."

Bottom Line

If you are debating putting your home on the market in 2015, now may be the time. The number of buyers ready and willing to make a purchase is at the highest level in years. Contact a local professional in your area to get the process started.

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The Power of Interest on your Mortgage!

Wednesday, July 29, 2015
by Christie Cannon

Sometimes a simple graphic goes a long way!  This is based on average interest rates on a $200K mortgage (principal & interest only on 30yr fixed).

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Lagging Appraisal Values

Friday, July 10, 2015
by Christie Cannon

The Impact of Rising Prices on Home Appraisals | Keeping Current Matters

The fact that residential home prices are increasing substantially in most regions of the country is music to the ears of homeowners. However, if you are in the process of selling your home, make sure you realize the major challenge a hot real estate market creates.

Each house must be sold twice; once to a buyer and a second time to an appraiser who represents the bank that will grant the purchaser a mortgage to buy the home (unless it is an “all cash” purchase). In a real market with escalating prices, the second sale may be the more difficult. And a recent survey by Quicken Loans reveals that the gap between what a homeowner believes is the value of their home compared to an appraiser is widening.

Appraisal vs. Homeowner Value | Keeping Current Matters

This could lead to an increase in the percentage of real estate transactions being challenged by a ‘short’ appraisal (where the appraiser value is less than the contracted price of the home).

The Take Away

Whether you are a buyer or a seller, you must be prepared for this possibility as it may result in a renegotiation of the price of the home.

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Event - Park-A-Palooza - Movies in the Park

Wednesday, June 3, 2015
by Christie Cannon

Warren Sports Complex will be hosting a MOVIE & Picnic in the park from 7-11pm on June 27th. The movie will be Paddington.  Admission is free & the event will offer bounce houses before the movie to try and burn off some energy before the showing.  Bring blankets, chairs, picnic foods, snacks.... and bug-spray (it is still TX after all).  More info can be found here!

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EVENT - Frisco's Dive-in Movies (You read that right)

Friday, May 29, 2015
by Christie Cannon

So it may not be real estate related - but that doesn't make it any less awesome!

Frisco's Outdoor Aquatic Center will be sponsoring a DIVE-in movie event in June, July, & August.  Tickets went on sale last week. 

Tickets are $8 per person; children under 2 are free. Buy Tickers here! The Movies currently sheduled are:

Friday, June 19, 2015 - Dolphin Tale 2

Friday, July 17, 2015 - Big Hero 6

Friday, Aug. 17, 2015 - LEGO Movie

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Frisco & Dallas Business Journal's - Corridors of Opportunity

Thursday, May 28, 2015
by Christie Cannon

Just in case you missed it, Dallas Business Journal, Frisco EDC, & Frisco ISD had a huge event in conjuction with The Star in Frisco, The Gate, Frisco Station, & Wade Park to discuss and present the opportunities in Frisco's $5 Billion Mile.

You can find the full presentation here - It is a great opportunity to see why so many investors are looking toward frisco & to better understand the growth of our city!

Just incase you are not up to date on the #5BMile in Frisco, here is aquick primer:


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The Best Suburbs in Texas - according to Niche Rankings

Wednesday, May 27, 2015
by Christie Cannon

Niche.com just released their Best Places list for 2015.  Included in these ranks is the Best Suburbs List for Texas.  Not surprisingly North Texas secured 6 of the top 10 spots!  Collin County alone has 4 of the top 10 spots!

  1. Rollingwood  (Travis Co)
  2. University Park  (Dallas Co)
  3. Murphy  (Collin Co)
  4. Allen  (Collin Co)
  5. Lakeway  (Travis Co)
  6. Alamo Heights  (Bexar Co)
  7. Highland Park  (Dallas Co)
  8. Frisco  (Collin Co)
  9. Terrell Hills  (Bexar Co)
  10. McKinney  (Collin Co)
The full list can be found here.  Their methodology & assessment criteria can be found here!

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How Do Our Market Values Stack Up?

Saturday, May 23, 2015
by Christie Cannon

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Displaying blog entries 81-90 of 137

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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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