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Last week saw one of the largest mortgage interest rate drops in a single. Acting on early indications that inflation cooled slightly in October & on the CPI report from the Bureau of Labor - interest rates dipped to their lowest level in the last 30 days.
The Housing Market has been a hot-topic in the news lately. Depending on which media outlet you watch, it can start to be a bit confusing to understand what’s really going on with interest rates and home prices!
The best way to show what’s really going on in today’s real estate market is to go straight to the data! We put together the following three graphs along with a quote from Chief Economists that have their finger on the pulse of what each graph illustrates.
“The real estate market is thawing in response to the sustained decline in mortgage rates and rebound in consumer confidence – two of the most important drivers of home sales. Rising sales demand coupled with more inventory than previous spring seasons suggests that the housing market is in the early stages of regaining momentum.” - Sam Khater, Chief Economist at Freddie Mac
"A powerful combination of lower mortgage rates, more inventory, rising income and higher consumer confidence is driving the sales rebound." - Lawrence Yun, Chief Economist at NAR
“Price growth has been too strong for several years, fueled in part by abnormally low interest rates. A mild deceleration in home sales and Home Price Index growth is actually healthy, because it will calm excessive price growth — which has pushed many markets, particularly in the West, into overvalued territory.” – Ralph DeFranco, Global Chief Economist at Arch Capital Services Inc.
These three graphs indicate good news for the spring housing market! Interest rates are low, income is rising, and home prices have experienced mild deceleration over the last 9 months. If you are considering buying a home or selling your house, let’s get together to chat about our market!
![Your Home’s Spring Maintenance Checklist [INFOGRAPHIC] | MyKCM](https://files.mykcm.com/2019/04/22103725/20190405-ENG-MEM-1046x1354.jpg)
Join Joggin' for the Frogmen on May 4th at The Tribute in The Colony to help support an amazing cause!
"Inspired by US Navy SEALs (Frogmen), the Navy SEAL Foundation’s Joggin’ for Frogmen Race Series brings communities and families together to jog in honor of the Naval Special Warfare community and their families."
As a veteran of the US Army, I have seen first hand the overwhelming burden the past two decades have placed on our veteran community, & in particular members of Special Operations Forces. Events such as Joggin' for the Frogmen offer critical support to families & survivors; & brings awareness to the heavy toll our recent wars have created in the SOF Community.
Regardless of your skill or fitness level, from Tadpoles to Triatheletes, we hope you will show your support & makes this event a success!
Race info can be found here:
https://www.jogginforfrogmen.com/friscotx/
RACE DATE & TIME
MAY 4TH, 2019
6:30am – 7:30am – Race morning registration and packet pick ups
7:45am – Opening Ceremonies
8:00am – 5k race start
10:00am – Tadpole Trot
10:15am – Awards Ceremony
March 29-31, 2019 - Ford Center at The Star
Solve all your projects in one place in one weekend at the Greater Frisco Home & Garden Show! You’ll find the latest products and services for your home and landscape: builders, re-modelers, contractors, building materials, decks, pools, spas, entertainment systems, storage solutions, all kinds of plants, landscape displays, kitchenware, home accessories and so much more!
Our very own Christie Cannon offers a sneak peak below!
For More information - http://showtechnology.com/event/greater-frisco-home-garden-show/
Christie Cannon of The Christie Cannon Team | Keller Williams was blessed with the opportunity to share our APP with the viewer of Good Morning Texas! For our APP text APP to 469-951-9588
“The rumors of my death are greatly exaggerated.”
The famous quote attributed to Mark Twain can apply to homeownership in the United States today. During the housing bubble of the last decade, the homeownership rate soared to over sixty-nine percent. After the crash, that percentage continued to fall for the next ten years.
That led to speculation that homeownership was no longer seen as a major component of the American Dream. That belief became so widespread that the term “renters’ society” began to be used by some to define American consumers.
However, the latest report by the Census Bureau on homeownership shows that over the last two years, the percentage of homeowners has increased in each of the last eight quarters.
It appears the homeownership rate will continue to increase.
The 2019 Aspiring Home Buyers Profile recently released by the National Association of Realtors revealed that 84% of non-owners want to own a home in the future. That percentage increased from 73% earlier last year.
In the United States, the concept of homeownership as part of the American Dream is very much alive and well.
To discuss if homeownership fits into our family & financial plan, contact one of our agents at 469-951-9588
Love your home, but not your location? Check out what happened when Plano's oldest home was facing destruction.
Built in 1861, the Collinwood House, was moved to Haggard Farm last week to protect the home's future. The City of Plano purchased the home's previous location with the intent of turning the Collinwood Farm into a city park. After a city bond intended to restore the property was declined by voters last year, the property was facing likely destruction. The home was purchased by one of Plano's founding families, the Haggards, whose plan is to restore the property the frontier property
Construction on the Windhaven Meadows park has already begun.
Gorgeous custom homes & stunning sunsets in a lake setting are not the only things that The Tribute has to offer! Starting this week, Volunteers of America will be hosting the LPGA Texas Classic at The Old American Golf Club in The Tribute!
Savor Dallas partnered with the Tour & Dallas' best celebrity chefs & local restaurants to present a Tasting Village. This unique experience will offers a taste of TX's best flavors as well as local & national craft breweries, wine, & spirits!
Tickets are available here: https://www.voatexaslpga.com/tickets/
EVENT SCHEDULE:
Monday, April 30th
GATES CLOSED
All Day Practice Rounds
12:00pm Shotgun Crew Dallas Classic Pro-Am
1:00pm Tee Times Monday Qualifier, Hurricane Creek Country Club
Tuesday, May 1st
8:00am – 4:00pm Gates Open
All Day Practice Rounds, Old American Golf Club
6:30pm Official Pairings Party, Omni Frisco
Wednesday, May 2nd
7:00am – 4:00pm Gates Open
7:00am – 9:10am Official Pro-Am Morning Wave
12:20pm – 2:30pm Official Pro-Am Afternoon Wave
Thursday, May 3rd
7:00am – 4:00pm Gates Open
7:00am – 9:00am First Round Morning Tee Times
9:30am – 12:30pm Television Coverage, The Golf Channel
12:00pm – 2:00pm First Round Afternoon Tee Times
Friday, May 4th
7:00am – 4:00pm Gates Open
7:00am – 9:00am Second Round Morning Tee Times
9:30am – 12:30pm Television Coverage, The Golf Channel
12:00pm – 2:00pm Second Round Afternoon Tee Times
2:00pm – 6:00pm Tasting Village presented by Savor Dallas
Saturday, May 5th
8:00am – 4:00pm Gates Open
8:25am – 2:45pm Third Round Tee Times
2:00pm – 6:00pm Tasting Village presented by Savor Dallas
4:30pm – 7:00pm Television Coverage, The Golf Channel
Sunday, May 6th
8:00am – 4:00pm Gates Open
8:25am – 2:45pm Final Round Tee Times
4:30pm – 7:00pm Television Coverage, The Golf Channel
Following Play Awards Ceremony, 18th Green
Christie Cannon was recently featured on The Working Podcast with Zach Sams of Kensington Vanguard. In case you missed it, please find the entire podcast below and be sure to check out Christie on American Dream TV.
Zach invites Christie Cannon of the Christie Cannon Team with Keller Williams on to the show to talk about the modular design of her full-suite team and their uncanny ability to cement themselves as one of the top Real Estate teams in the often unpredictable Dallas/ Fort Worth market year after year before digging into her upcoming segment on The American Dream TV and how she'll be filling home sellers in on the secret to selling without spending a dime this Saturday (March 3rd, 2018) at 1pm on TXA 21. For more about Christie and her team, visit www.christiecannon.com.
Displaying blog entries 1-10 of 139
