Why All the Chicken Littles Should Calm Down The U.S. Census Bureau recently released their 2019 Q2 Homeownership Report. Some began to see the sky falling, believing the report showed Americans may be stepping back from their belief in homeownership. The national homeownership rate (Americans who owned vs. rented their primary residence) increased significantly during the housing Continue Reading
5 Reasons to Sell this Fall
As a Realtor® in Collin County, I’ve always said “I work all year round” and that’s true. People buy and sell homes every day of the year. It’s also true that the market reacts to events, holidays, school, and of course the economy. If you’re wondering if this is a good time to put your house on the market, below are 5 compelling reasons listing your home for sale this fall makes sense. 1. Continue Reading
American Confidence in Housing at an All-Time High
Fannie Mae just released the July edition of their Home Purchase Sentiment Index (HPSI). The HPSI takes information regarding consumers’ confidence in the real estate market from Fannie Mae’s National Housing Survey and condenses it into a single number. Therefore, the HPSI reflects consumers’ current views and forward-looking expectations of housing Continue Reading
Are Older Generations Really Not Selling?
Many studies suggest one of the main reasons for the inventory shortage in today’s market of homes for sale is that older generations have chosen to “age in place” over moving. The 2019 Home Buyers & Sellers Generational Trend Report by NAR clarifies this point! NAR’s findings show that Baby Boomers (43%) and the Silent Generation (12%) made up 56% of Continue Reading
Good Time for Sellers
Existing Home Sales Point Toward a Good Time to Sell Some Highlights: Existing Home Sales dropped 1.7% from May to a seasonally adjusted annual rate of 5.27 million in June. Low inventory levels are still a factor in the market. The current supply of homes for sale is at 4.4 months, which is less than the optimal 6-month supply. Median home prices were up 4.3% from June 2018, Continue Reading
Why Now Is the Perfect Time to Sell Your House
As a homeowner, it’s always tempting to dream about the next big project you’re going to tackle. The possibilities are endless. Should I renovate? Should I refinance? Should I stay? Should I move? The list goes on and on. In today’s housing market, it’s actually a great time to shift your thoughts toward selling your house and moving up into the home of your dreams. Here’s Continue Reading
Texas Ranks 2nd for Incoming Residents
For the fifth year in a row, Texas gained over half-a-million new residents in 2017, according to the Texas Relocation Report released today by Texas REALTORS®. This places Texas second among states for relocation activity. Over half of the new residents came from outside the US. Texas was third in the nation for residents moving out of state. Texas has a net increase Continue Reading
