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Interest Rate Changes can Cost Huge!

Sunday, March 18, 2018
by Christie Cannon

The Cost of Waiting to Purchase on Interest Rates

The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC] | MyKCM

Some Highlights:

  • Interest rates are projected to increase steadily heading into 2019.
  • The higher your interest rate, the more money you end up paying for your home and the higher your monthly payment will be.
  • Rates are still low right now. Don’t wait until rates hit 5% to start searching for your dream home!

If you are looking to find out more information about the local North Dallas Real Estate Market, please give us a call.  We would be delighted to answer your real estate questions.  Likewise, we would be happy to refer a quality local lender to answer your mortgage questions!

Christie Cannon | Keller Williams Frisco | 469-951-9588

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DFW Heats Up REALTOR.com's Hottest Zip Codes

Saturday, January 7, 2017
by Christie Cannon

By now it is no secret that Dallas & Fort Worth real estate dominated national news in 2016, but according to REALTOR.com, Texas holds an overwhelming majority in the top searched zip codes on their national website.

TX real estate's "hot market" factor has earned TX cities 18 of the top 20 spots, with the entire top 10 list being from TX!

North Texas eats up the entire top 10 with Dallas suburbs taking 6 spots!

So why all the love?  For starters, keep in mind we are talking a geographic area the size of Connecticut & Rhode Island combined!  Likewise, this list only factors REALTOR.com's searches.  Other websites, like Zillow.com, are much less accurate (in many cases by more than 20%) in our non-disclosure state. 

And those Waco spots?  Well, according to one REALTOR.com article, a great deal of that search may simply be attributed to the wildly popular Chip & Joanne Gaines' TV show "Fixer Upper"!

It will be interesting to see how this list compares to other national websites stats!

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

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

Certified Luxury Home Marketing Specialist

Global Property Specialist

#1 Keller Williams Agent 2011-2016

Top 50 Agents in the Nation / KW

 


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Home Appreciation - Yesterday, Today & Tomorrow

Monday, October 17, 2016
by Christie Cannon

CoreLogic released their most current Home Price Index last week. In the report, they revealed home appreciation in three categories: percentage appreciation over the last year, over the last month and projected over the next twelve months.

Here are state maps for each category: 

The Past – home appreciation over the last 12 months

The Past, Present & Future of Home Prices | MyKCM

The Present – home appreciation over the last month

The Past, Present & Future of Home Prices | MyKCM

The Future – home appreciation projected over the next 12 months

The Past, Present & Future of Home Prices | MyKCM

Homes across the country are appreciating at different rates. If you plan on relocating to another state and are waiting for your home to appreciate more, you need to know that the home you will buy in another state may be appreciating even faster.

 

 

 

 

 

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Appraisers v/s Homeowners Battle On Values

Saturday, October 15, 2016
by Christie Cannon

Appraisers & Homeowners Do Not Always See Eye-To-Eye!

Appraisers & Homeowners Don’t See Eye-To-Eye on Values | MyKCM

In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5%+ over the next twelve months. One major challenge in such a market is the bank appraisal.

If prices are surging, it is difficult for appraisers to find adequate, comparable sales (similar houses in the neighborhood that closed recently) to defend the selling price when performing the appraisal for the bank.

Every month, Quicken Loans measures the disparity between what a homeowner believes their house is worth as compared to an appraiser’s evaluation in their Home Price Perception Index (HPPI). Here is a chart showing that difference for each of the last 12 months.

Appraisers & Homeowners Don’t See Eye-To-Eye on Values | MyKCM

Every house on the market has to be sold twice; once to a prospective buyer and then to the bank (through the bank’s appraisal). With escalating prices, the second sale might be even more difficult than the first. If you are planning on entering the housing market this year, let’s get together to discuss this, and any other obstacle that may arise.

 

 

 

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Where are the Foreclosures?

Friday, May 27, 2016
by Christie Cannon

Recently, there has been a lot of talk about the size of the foreclosure inventory in the nation. There has been some speculation that distressed property inventories are about to skyrocket. Today, we want to reveal what is actually taking place in this segment of the housing market.

CoreLogic, in their most recent National Foreclosure Report, reported that foreclosure inventory has decreased by 23.2% since this time last year. The report also showed that foreclosure inventory has decreased in 49 of the 50 states and that 45 states have posted a year-over-year, double-digit decline (see chart below).

Other findings in the report:

  • The Seriously Delinquent Rate (homeowners more than 90 days behind in their mortgage payment) is 3.1% which is the lowest level since November 2007
  • The Foreclosure Rate is 1.1% which is also the lowest level since November 2007
  • This was the 53rd consecutive month that showed a decline in the Foreclosure Rate

Though foreclosures do remain in the market, the number is dramatically decreasing. The fact that mortgage delinquency rates are also decreasing means the worst of the foreclosure crisis is in the rearview mirror.

Looking for information specific to the North Texas Real Estate Market?  Please give us a call,

  

CHRISTIE CANNON  REALTOR

The Christie Cannon Team

Keller Williams Frisco

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

#1 Keller Williams Agent 2011-2015

Top 100 Agents in the Nation / KW

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Dallas North Tollway Expansion Continues!

Wednesday, May 25, 2016
by Christie Cannon

New lanes being added to the Dallas North Tollway!  Happiness abounds despite the growing pains as the Dallas North Tollways continues their ongoing expansion efforts!

For more on the latest efforts, please see below!

 

For more information on North Texas Real Estate, please 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

#1 Keller Williams Agent 2011-2015

Top 100 Agents in the Nation / KW

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Frisco TX is "Officially" Bike Friendly

Tuesday, May 24, 2016
by Christie Cannon

Frisco joins other North Texas communities. Plano & Richardson, as a Bronze Awarded community by The League of American Cyclists.

The city of Frisco is excited to receive the distinction for the cities' investments & efforts in promoting bicycling, supporting infrastructures, safety programs & pro-cycling policies. 

While the city has not yet accomplished Austin's Gold rating, this is Frisco's first year as an awardee.  The criteria for the award can be found here. 

 

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

 

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

Sunday, May 22, 2016
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

 

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Getting to know Collin & Denton counties

Saturday, May 21, 2016
by Christie Cannon

Looking to get to know some of the town here in North Texas?  Check out the below for some great communities!

 

- Check back soon as we are adding more Real Estate communities each week!

Thank you,

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

 

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Get Water Smart as Summer Approaches

Friday, April 22, 2016
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!

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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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