10 Friday May 2024
Posted in Real Estate Economy
“When a house is sold, it really boosts the local economy. That’s because of all the people needed to build, fix up, and sell homes.”
Interesting take on how buying and selling real estate is not ‘just’ about the parties in the transaction- but rather it is about the community as a whole. Read on for insight.
How Buying or Selling a Home Benefits Your Community
Looking for a Sellers Guide- We’ve Got you covered!
09 Thursday May 2024
Posted in Real Estate Economy
This 3/2/2 1681 sqft home is for lease $2150 Pets on Case by Case basis
FISD top-rated schools conveniently situated within the neighborhood which is about 45min from Dallas, Greenville, Royse City, Cedar Creek!
This delightful single-story is a 3,2,2. Step into the welcoming atmosphere of the spacious family room, ideal for entertaining guests or simply relaxing with loved ones. Indulge your inner chef in the fully-equipped kitchen, complete with sleek granite countertops, stylish wood cabinets, an undermount sink, and brand new energy-efficient appliances, making meal preparation a breeze. Retreat to the serene oasis of the private master bedroom, where a generously-sized walk-in closet provides ample storage space for your wardrobe essentials. Outside, discover a wealth of community amenities at your disposal, including refreshing swimming pools, engaging children’s playgrounds, and picturesque jogging and walking trails, offering endless opportunities for outdoor enjoyment and rejuvenation.
Home Presented by McNary Realty Group: 3122 Zapta Forney TX 75126
Washer Dryer Fridge Included
Gas Range, Walk in Pantry, Eat in Kitchen
09 Thursday May 2024
Posted in Kaufman County, Marketing, Real Estate Economy
Tags
Buyingahome, Crandall, For Sale, Forney, Kaufman, Kaufmancounty, mcnaryrealtygroup, North Texas, Real Estate, Sellingahome
Real Estate Nationally is the measure and that by which news stories and talking points start from, however, when it comes to selling or buying a home- Real Estate is LOCAL. Kaufman County numbers matter to you… Here is where we are : Both Active Listings and Median Sales Price are on the increase (Put a small ** next to the sales price item and let’s discuss more, in person, as to why – what you see in increase may NOT tell the whole story – hint: seller concessions**) 😉
Have questions- want to speak privately about your goals and plans – schedule a time today!
25 Thursday Apr 2024
Posted in Real Estate Economy
Tags
cedar creek lake, Dallas, East Texas, For Sale, Forney, Kaufman County, Lake House, lake ray hubbard, North Texas, Real Estate, Rockwall
As more folks are relocating to the DFW Metroplex to enjoy “in town” Texas lifestyle in and around Dallas while others are looking forward to living the Texas Lifestyle on some land in East Texas or the lake life at one of the area lakes we are growing our team to serve them in multiple areas!
McNary Realty Group is here to serve you from the Metroplex out to the Lousianna Border- think Longview/Kilgore and points EAST of Dallas.
Looking to Buy in 2024 or planning for 2025? Get your Spring2024 Buyers Guide NOW!
First Time buyer? First Time Buyer Guide is a must!
Thinking of selling? Get your Spring2024 Seller Guide NOW!
Have questions? Let’s have a discussion about how to get to your next goal- Schedule today !
23 Tuesday Apr 2024
Posted in For Sale Now, Kaufman County, Marketing, Real Estate Economy
Tags
Dallas, For Sale, Forney, North Texas, Real Estate, Rockwall
Did you know Price Reductions are happening locally?
Here’s a look at the number of homes for sale in our area that have had a price reduction. What does this mean to you if you are looking to buy? or looking to sell?
If you want to work with an expert in our local market, DM me or schedule a call today!
#soldbydawn #MakingYOURRealEstateDreamsAReality #kaufmancounty #northtexas #easttexas #buyingahome #keepingcurrentmatters #kcmlocal #homeprices #pricereductions #homesforsale #realestatemarket #expertanswers
23 Tuesday Apr 2024
Tags
#easttexas, #MakingYOURRealEstateDreamsAReality, #soldbydawn, Dallas, Forney, North Texas, Real Estate, Rockwall
According to recent data from Fannie Mae, almost 1 in 4 people still think home prices are going to come down. If you’re one of the people worried about that, here’s what you need to know.
A lot of that fear is probably coming from what you’re hearing in the media or reading online. But here’s the thing to remember. Negative news sells. That means, you may not be getting the full picture. You may only be getting the clickbait version. As Jay Thompson, a Real Estate Industry Consultant, explains:
“Housing market headlines are everywhere. Many are quite sensational, ending with exclamation points or predicting impending doom for the industry. Clickbait, the sensationalizing of headlines and content, has been an issue since the dawn of the internet, and housing news is not immune to it.”
Here’s a look at the data to set the record straight.
Case-Shiller releases a report each month on the percent of monthly home price changes. If you look at their data from January 2023 through the latest numbers available, here’s what you’d see:
What do you notice when you look at this graph? It depends on what color you’re more drawn to. If you look at the green, you’ll see home prices rose for the majority of the past year.
But, if you’re drawn to the red, you may only focus on the two slight declines. This is what a lot of media coverage does. Since negative news sells, drawing attention to these slight dips happens often. But that loses sight of the bigger picture.
Here’s what this data really says. There’s a lot more green in that graph than red. And even for the two red bars, they’re so slight, they’re practically flat. If you look at the year as a whole, home prices still rose overall.
It’s perfectly normal in the housing market for home price growth to slow down in the winter. That’s because fewer people move during the holidays and at the start of the year, so there’s not as much upward pressure on home prices during that time. That’s why, even the green bars toward the end of the year show smaller price gains.
To sum all that up, the source for that data in the graph above, Case Shiller, explains it like this:
“Month-over-month numbers were relatively flat, . . . However, the annual growth was more significant for both indices, rising 7.4 percent and 6.6 percent, respectively.”
If one of the expert organizations tracking home price trends says the very slight dips are nothing to worry about, why be concerned? Even Case-Shiller is drawing your attention to how those were virtually flat and how home prices actually grew over the year.
The data shows that, as a whole, home prices rose over the past year. If you have questions about what’s happening with home prices in our area, let’s chat.
12 Friday Apr 2024
Tags
Dallas, For Sale, Forney, North Texas, Real Estate, Rockwall
Are you thinking about making a move? If so, now may be the perfect time to start the process. That’s because experts say the best week to list your house is just around the corner.
A recent Realtor.com study looked at housing market trends over the past several years (with the exception of 2020, since it was an unusual year), and found the best week to put your house on the market this year is April 14-20:
“Every year, one week stands out from the rest as that perfect stretch of time when it’s great to be a home seller. This year, the week of April 14–20 is the best time to sell—that is, if sellers want to see lots of interest in their homes, sell quickly, and pocket some extra cash, according to Realtor.com® data.”
Here’s why this matters for you. While the spring market is a great time to sell no matter the week, this may be the peak sweet spot. And if you’ve been putting your plans on the back burner and waiting for the right time to act, this could be the nudge you need to make your move happen. As Hannah Jones, Senior Economic Research Analyst at Realtor.com explains:
“The third week of April brings the best combination of housing market factors for sellers. The best week offers higher buyer demand, lower competition [from other sellers], and fewer price reductions than the typical week of the year.”
But, if you want to get in on the action, you’ll need to move quickly and lean on the pros. Your local real estate agent is the perfect go-to when it comes to figuring out a plan to prep your house and get it on the market.
They’ll be able to offer advice to balance your target listing date with what you need to do from a repair and renovation standpoint. And they can walk you through exactly how to prioritize your list so you know what to tackle first.
For example, if your house is already in good shape, you’ll be able to really focus in on the smaller things that are easy to do and make a big impact. As an article from Investopedia says:
“You won’t have time for any major renovations, so focus on quick repairs to address things that could deter potential buyers.”
Here are some specific examples from that article:
Just remember, even if you’re not ready to list within the next couple of weeks, that’s okay. The window of opportunity doesn’t close when this week ends. Spring is the peak homebuying season and it’s still a seller’s market, so you’ll be in the driver’s seat all season long.
Ready to get the ball rolling? Let’s connect and schedule a time to go over your next steps.
11 Thursday Apr 2024
Posted in Kaufman County, Marketing, New Construction, Real Estate Economy
Tags
Canton, Crandall, Dallas, East Texas, For Sale, Forney, Gilmer, Housing Market, interest rates, Kaufman, Mortgage, Mortgage Rates, North Texas, Real Estate, Realtor, Rockwall, Wills Point
When mortgage rates spiked up over the last few years, some homeowners put their plans to move on pause. Maybe you did too because you didn’t want to sell and take on a higher mortgage rate for your next home. But is that still the right strategy for you?
In today’s market, data shows more homeowners are getting used to where rates are and thinking it may be time to move. As Mark Zandi, Chief Economist at Moody’s Analytics, explains:
“Listings are up a bit as life events and job changes are putting increasing pressure on locked-in homeowners to sell their homes. Homeowners may also be slowly coming to the realization that mortgage rates aren’t going back anywhere near the rate on their existing mortgage.”
A recent study from Bank of America sheds light on some of the things homeowners say would make them sell, even with rates where they are right now (see visual below):
Now that you know why other people would move, take a minute to think about what would make a move worth it for you. Is it time to take a chance and go for your dream job, even though it’s not local? Are you looking for a neighborhood that has more to offer and a close-knit sense of community? Maybe you just need more space, you’re looking for your next great adventure, or you want a house that opens up rental opportunities to pad your income.
And here’s something else to consider. Mortgage rates are still expected to go down over the course of the year. And once that happens, there’s going to be a big rush of buyers jumping back into the market. While you could delay your plans until rates drop, you’ll only have more competition with those buyers if you do.
So, does that mean it’s worth it to move now, even with rates where they are? The answer is: that it depends.
You’ll want to consider today’s mortgage rates, where they’re expected to go from here, and what would prompt you to want to make a change as you decide on your next steps. An expert can help with that.
Other homeowners are getting used to rates and deciding to move. Let’s chat to go over what matters most to you and if it’s time for you to jump back into the market too.
Schedule a consultation today and let’s find a plan that works for you!
19 Tuesday Mar 2024
Posted in East Texas, Kaufman County, Marketing, New Construction, Real Estate Economy
Tags
#easttexas, #homeownership, #mortgage, #networth, #personalfinance, #soldbydawn, Dallas, Forney, North Texas, Real Estate, Rockwall
Going into 2023, there was a lot of talk about a possible recession that would cause the housing market to crash. Some in the media were even forecasting home prices would drop by as much as 10-20%—and that might have made you feel a bit unsure about buying a home.
But here’s what actually happened: home prices went up more than usual. Brian D. Luke, Head of Commodities at S&P Dow Jones Indices, explains:
“Looking back at the year, 2023 appears to have exceeded average annual home price gains over the past 35 years.”
To put last year’s growth into context, the graph below uses data from Freddie Mac on how home prices have changed each year going back to 1980. The dotted line shows the long-term average for appreciation:
As an article from Forbes says:
“. . . the U.S. real estate market has a long and reliable history of increasing in value over time.”
In fact, since 1980, the only time home prices dropped was during the housing market crash (shown in red in the graph above). Fortunately, the market today isn’t like it was in 2008. For starters, there aren’t enough available homes to meet buyer demand right now. On top of that, homeowners have a tremendous amount of equity, so they’re on much stronger footing than they were back then. That means there won’t be a wave of foreclosures that causes prices to fall.
The fact that home values went up every single year except those four in red is why owning a home can be one of the smartest moves you can make. When you’re a homeowner, you own something that typically becomes more valuable over time. And as your home’s value appreciates, your net worth grows.
So, if you’re financially stable and prepared for the costs and expenses of homeownership, buying a home might make a lot of sense for you.
Home prices almost always go up over time. That makes buying a home a smart move, if you’re ready and able. Let’s connect to talk about your goals and what’s available in our area.
18 Monday Mar 2024
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