Recent News

If you are debating listing your house for sale this year, here is the #1 reason not to wait! Buyer Demand Continues to Outpace the Supply of Homes for Sale  The National Association of REALTORS’ (NAR) Chief Economist Lawrence Yun recently commented on the inventory: “Last month’s dip in closings was somewhat expected given that there was such a strong sales increase in March at 4.2 percent, and new and existing inventory is not keeping up with the fast pace homes are coming off the market. Demand is easily outstripping supply in most of the country and it’s stymieing many prospective buyers from finding a home to purchase”. The latest Existing Home Sales Report shows that there is currently a 4.2-month supply of homes for sale. This remains lower than the 6-month supply necessary for a normal market, and 4.6% lower than a year ago. The chart below details the year-over-year inventory shortages experienced over the last 12 months: Anything less than a six-month supply is considered a “seller’s market.” Bottom Line Meet with a local real estate professional who can show you the supply conditions in your neighborhood and assist you in gaining access to the buyers who are ready, willing and able to buy now! Source: #1 REASON TO LIST YOUR HOUSE FOR SALE, NOW! (KCM Crew, 05/30/2017)...

The US Census Bureau recently released its annual statistics on population change between July 1, 2015 and July 1, 2016 in the 3,142 counties and county-equivalents that make up the country. The release included estimates of the components of that population change, including net domestic migration, or how many people moved into a county from somewhere else in the US minus how many people left that county.

A home buyer does not want to be caught off guard in a seller’s market. It’s one of the reasons that the most important thing a home buyer can do is trust his or her real estate agent to advise on market conditions. If it is a seller’s market, it could very difficult, if not almost impossible, to buy the first home a buyer wants to buy.

Great patio furniture brings comfort and function to your outdoor spaces. With a spacious table and easy-to-use, comfortable chairs a basic brick patio is transformed into a sensory-rich dining destination. Outfit a cozy porch with a wicker sofa and a classic wicker rocking chair, both stocked with ample cushions, and the porch will quickly become a second family room during the warm weather months.

You’ve seen every house on the market and you’ve finally found the spot you can’t wait to call home. In fact, you’ve mentally decorated it and planned your new life, down to the barbecues and block parties you’ll have with your awesome new neighbors. Sweet! Slow down there, dear buyer….

Dallas-area home prices are up almost 9 percent in the latest nationwide comparison. Only Seattle and Portland, Ore., had bigger year-over-year price gains in February, according to the latest Standard & Poor’s/Case-Shiller Home Price Index.

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Where to invest in housing? Texas is still on top and Dallas dominates! The home of Exxon Mobil and the Dallas Cowboys claims the no. 1 ranking this year. Dallas has an average home price of $233,000. That’s up 3.9% from a year ago and underpriced by 3% compared to the city’s historic average. Local Market Monitor forecasts prices will increase 31% by 2020 thanks in part to 3.9% job growth in the past year and 6.2% population growth in the last three.