Monthly Archives: February 2016

Rare Willow Bend Park 1-story, incredible, private, wooded-landscaped backyard. $515,000 2412 MARBLEWOOD DRIVE PLANO, TX

13322690-1

$515,000 2412 MARBLEWOOD DRIVE PLANO, TX

MLS: 13322690   Type: Single Family   County: Collin   City: Plano   Neighborhood: Willow Bend Park #2   Zip: 75093   Style:Traditional   # Rooms: 13    Stories: 1   Taxes: $10,139

BEDS

BATHS

HALF BATHS

SQR FOOTAGE

ACRES

BUILT

4

3

0

3,177

0.31

1995

Rare Willow Bend Park 1-story, incredible, private, wooded-landscaped backyard. Grand entry, beautifully appointed finishes-Plantation shutters, designer window shades, triple crown moulding, Lutron lighting, hardwood floors, slate & Travertine floors, high-end fixtures. Tons of windows view lovely water feature. Gourmet kit, granite, SS appliances. 4th bdrm with built-in shelves can be a study, office or media. Gated driveway, 3 car gar. New Roof 6-2014

ELEMENTARY SCHOOL

MIDDLE SCHOOL

HIGH SCHOOL

Centennial
Distance: N/A Miles
Renner
Distance: N/A Miles
Shepton
Distance: N/A Miles
Association Type Voluntary
Block 2
Energy Saving Features 12 inch+ Attic Insulation, Ceiling Fans, Double Pane Windows, Gas Water Heater, Programmable Thermostat
Handicap Access 0
Listing Area PLANO AREA (20)
Lot Number 4
Other Equipment Built-in Microwave, Cooktop – Electric, Dishwasher, Disposal, Double Oven, Other, Oven-Electric, Water Line to Refrigerator
Property Type Residential
School District Plano ISD
School Name Centennial
Sub Area PLANO (1)
Transaction Type For Sale
Type RES-Single Family
Year Built Details Preowned

INTERIOR FEATURES

Fireplace Brick, Gas Logs, Gas Starter
Fireplaces Total 1
Flooring Carpet, Ceramic Tile, Other, Slate, Wood
Heating Central Air-Elec, Central Heat-Gas, Zoned
Interior Features Bay Windows, Cable TV Available, Flat Screen Wiring, High Speed Internet Available, Plantation Shutters, Sound System Wiring, Window Coverings
Number Of Dining Areas 2
Number Of Living Areas 2
Room Count 13
Security System Yn 1
Sq Ft Total 3177

EXTERIOR FEATURES

Construction Materials Brick
Exterior Gutters, Lighting System, Patio Covered, Sprinkler System
Fencing Metal, Wood
Foundation Details Slab
Garage Depth 31
Garage Width 20
Lot Heavily Treed, Interior Lot, Landscaped, Subdivision
Lot Area Less Than .5 Acre (not Zero)
Lot Size Area 0.310
Lot Size Area (acres) 0.310
Lot Size Area (sq Ft) 13503
Lot Size Units Acres
Parking Features Detached, Opener, Rear, Workbench
Parking Spaces Carport 0
Parking Spaces Covered Total 3
Parking Spaces Garage 3
Pool 0
Soil Type Unknown
Structural Style Single Detached
Style Traditional

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Market watch: Low Inventory Causes Home Prices to Accelerate

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The National Association of Realtors (NAR) released their latest Quarterly Metro Home Price report earlier this month. The report revealed that home prices are not only continuing to rise but that the increases are accelerating. Lawrence Yun, Chief Economist at NAR, discussed the impact of low inventory on buyers in the report:

“Without a significant ramp-up in new home construction and more homeowners listing their homes for sale, buyers are likely to see little relief in the form of slowing price growth in the months ahead.”

Here are the percentage increases of home prices for the last two quarters:

Slide1-KCM.jpg

What this means to sellers

Rising prices are a homeowner’s best friend. As reported by CoreLogic in a recent blog post:

“With demand strong and inventory thin, the share of homes selling for the list price or more has also returned to pre-bust levels. With inventory tight, homes are more likely to sell above the asking price.”

What this means to buyers

In a market where prices are rising, buyers should take into account the cost of waiting. Obviously, they will pay more for the same house later this year. However, asConstruction Dive reported, the amounts of cash necessary to buy a home will also increase.

“These factors have created a situation where the market keeps moving the goalposts in terms of the down payment necessary for first-time homebuyers to get into a home.”

Bottom Line

If you’re thinking of selling and moving down, waiting might make sense. If you are a first time buyer or a seller thinking of moving up, waiting probably doesn’t make sense.

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Want to learn more information about a specific property?  Click here: The Kimberly Davis Group-Looking to Buy or Sell… The Kimberly Davis Group is ranked #1!

Plano Homes for sale!!

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Mortgage Rates Again at Historic Lows

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Just two weeks ago, we posted an article discussing where mortgage interest rates may be heading over the next twelve months. We quoted projections from Fannie Mae,Freddie Mac, the Mortgage Bankers’ Association and the National Association of Realtors. Each predicted that rates would begin to rise slowly and steadily throughout 2016.

However, shaky economic news and a volatile stock market have actually caused rates to drop six out of the last seven weeks, and have remained at 3.65% for the past two weeks.

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Rates have again fallen to historic lows yet many experts still expect them to increase in 2016. The only thing we know for sure is that, according to Freddie Mac, current rates are the best they have been since last April.

Bottom Line

If you are thinking of buying your first home or moving up to your ultimate dream home, now is a great time to get a sensational rate on your mortgage.

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Want to know the value of your home?  Click here: Find Your Homes Value Now For FREE.

Want to learn more information about a specific property?  Click here: The Kimberly Davis Group-Looking to Buy or Sell… The Kimberly Davis Group is ranked #1!

Plano Homes for sale!!

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Market Watch: Thinking of Buying A Home? What Are You Waiting For?

KCM2

With spring right around the corner, you may be wondering if you should wait to enter the housing market. Here are four great reasons to consider buying a home today instead of waiting.

  1. Prices Will Continue to Rise

CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.3% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.4% over the next year. The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report projects home values to appreciate by more than 3.2% a year for the next 5 years.

The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

  1. Mortgage Interest Rates Are Projected to Increase

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have remained below 4%. Most experts predict that they will begin to rise over the next 12 months. The Mortgage Bankers Association, Freddie Mac & theNational Association of Realtors are in unison projecting that rates will be up almost three-quarters of a percentage point by this time next year.

An increase in rates will impact YOUR monthly mortgage payment. Your housing expense will be more a year from now if a mortgage is necessary to purchase your next home.

  1. Either Way You Are Paying a Mortgage

As a paper from the Joint Center for Housing Studies at Harvard University explains:

“Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.”

  1. It’s Time to Move On with Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

But what if they weren’t? Would you wait?

Look at the actual reason you are buying and decide whether it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer or you just want to have control over renovations, maybe it is time to buy.

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.

Bottom Line

If you are ready and willing to buy, find out if you are able to. Meet with a local real estate professional who can help you find your dream home.

Newly Built Homes in Frisco TX, Make sure to check them out! Call us for more information: 214-284-8779

Like us on Facebook: The Kimberly Davis Group

Fresh Listings! Just listed Mckinney Area! Don’t miss out!

Want to know the value of your home?  Click here: Find Your Homes Value Now For FREE.

Want to learn more information about a specific property?  Click here: The Kimberly Davis Group-Looking to Buy or Sell… The Kimberly Davis Group is ranked #1!

 

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Filed under Frisco, Home Buyer, Home for Sale, Home Listings, kimberly davis group, McKinney, north Texas homes for sale, plano, Providence Village, TX, Uncategorized

Beautiful curb appeal with mature trees. PRIME Frisco location. Vaulted ceiling entry, formal dining to right with custom stained concrete floors throughout the first level. $315,000 7299 WATERLILY LANE FRISCO, TX

13321853

$315,000 7299 WATERLILY LANE FRISCO, TX

MLS: 13321853   Type: Single Family   County: Collin   City: Frisco   Neighborhood: Meadow Hill Estates #3   Zip: 75033   Style:Traditional   # Rooms: 10    Stories: 2   Taxes: $5,292

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LOT SIZE

BUILT

4

2

1

2,451

11,326

2001

Beautiful curb appeal with mature trees. PRIME Frisco location. Vaulted ceiling entry, formal dining to right with custom stained concrete floors throughout the first level. Open kitchen with breakfast bar overlooks a spacious living area with fireplace and filled with natural light. The backyard is GIANT… perfect for pool and plenty of space for kids and pets! Great Location for Entertainment and great Schools. THREE car garage!

ELEMENTARY SCHOOL

MIDDLE SCHOOL

HIGH SCHOOL

Rogers
Distance: 0.57 Miles
Staley
Distance: 0.69 Miles
Wakeland
Distance: 1.54 Miles
Association Fee Frequency Annual
Association Type Mandatory
Block A
Energy Saving Features Ceiling Fans, Gas Water Heater
HOA Fee 400
HOA Fee Includes Full Use of Facilities, Management Fees
Handicap Access 0
Listing Area FRISCO / DENTON COUNTY EAST AREA (55)
Lot Number 7
Other Equipment Built-in Microwave, Dishwasher, Disposal, Range/Oven-Electric, Water Line to Refrigerator
Property Type Residential
School District Frisco ISD
School Name Rogers
Sub Area FRISCO (1)
Transaction Type For Sale
Type RES-Single Family
Year Built Details Preowned

INTERIOR FEATURES

Fireplace Gas Starter
Fireplaces Total 1
Flooring Carpet, Ceramic Tile, Concrete
Heating Central Air-Elec, Central Heat-Gas
Interior Features Cable TV Available, Decorative Lighting, High Speed Internet Available, Vaulted Ceilings
Number Of Dining Areas 2
Number Of Living Areas 2
Room Count 10
Security System Yn 1
Sq Ft Total 2451

EXTERIOR FEATURES

Community Features Community Pool, Park
Construction Materials Brick
Exterior Covered Porch(es), Gutters, Patio Open, Sprinkler System
Fencing Wood
Foundation Details Slab
Garage Depth 20
Garage Width 30
Lot Interior Lot, Landscaped, Some Trees, Subdivision
Lot Area Less Than .5 Acre (not Zero)
Lot Size Area 0.260
Lot Size Area (acres) 0.260
Lot Size Area (sq Ft) 11325
Lot Size Units Acres
Parking Features Attached, Covered, Garage, Garage Door Opener, Rear
Parking Spaces Carport 0
Parking Spaces Covered Total 3
Parking Spaces Garage 3
Pool 0
Structural Style Single Detached
Style Traditional

Newly Built Homes in Frisco TX, Make sure to check them out! Call us for more information: 214-284-8779

Like us on Facebook: The Kimberly Davis Group

Fresh Listings! Just listed Mckinney Area! Don’t miss out!

Want to know the value of your home?  Click here: Find Your Homes Value Now For FREE.

Want to learn more information about a specific property?  Click here: The Kimberly Davis Group-Looking to Buy or Sell… The Kimberly Davis Group is ranked #1!

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ONE STORY in PRIME location off Hwy 121. Family friendly HOA subdivision with pools, parks and walking trails. Pristine condition home with open floor plan. $249,900 8008 ELK MOUNTAIN TRAIL MCKINNEY, TX

13322867-1

$249,900 8008 ELK MOUNTAIN TRAIL MCKINNEY, TX

MLS: 13322867   Type: Single Family   County: Collin   City: Mckinney   Area: Frisco   Neighborhood: Craig Ranch North #2a  Zip: 75070   Style: Traditional   # Rooms: 8    Stories: 1   Taxes: $5,003

BEDS

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HALF BATHS

SQR FOOTAGE

LOT SIZE

BUILT

3

2

0

1,913

5,227

2003

ONE STORY in PRIME location off Hwy 121. Family friendly HOA subdivision with pools, parks and walking trails. Pristine condition home with open floor plan. Kitchen with breakfast bar opens to spacious living area with fireplace and filled with natural light. Wonderful master BR with spectacular master bathroom to include garden tub, separate shower and dual sink vanity. Large backyard with new fence to provide privacy for kids and pets to play!

ELEMENTARY SCHOOL

MIDDLE SCHOOL

HIGH SCHOOL

Ogle
Distance: 0.36 Miles
Scoggins
Distance: 0.57 Miles
Liberty
Distance: 1.87 Miles
Association Fee Frequency Annual
Association Type Mandatory
Block W
Energy Saving Features Ceiling Fans, Gas Water Heater, Programmable Thermostat
HOA Fee 700
HOA Fee Includes Full Use of Facilities, Management Fees
Handicap Access 0
Listing Area FRISCO / DENTON COUNTY EAST AREA (55)
Lot Number 20
Other Equipment Built-in Microwave, Cooktop – Gas, Dishwasher, Disposal, Plumbed For Gas in Kitchen, Water Line to Refrigerator
Property Type Residential
School District Frisco ISD
School Name Ogle
Sub Area FRISCO (1)
Transaction Type For Sale
Type RES-Single Family
Year Built Details Preowned

INTERIOR FEATURES

Fireplace Gas Logs, Gas Starter
Fireplaces Total 1
Flooring Carpet, Ceramic Tile
Heating Central Air-Elec, Central Heat-Gas
Interior Features Bay Windows, Cable TV Available, Decorative Lighting, Dry Bar, High Speed Internet Available, Vaulted Ceilings, Wainscoting, Window Coverings
Number Of Dining Areas 2
Number Of Living Areas 1
Room Count 8
Security System Yn 1
Sq Ft Total 1913

EXTERIOR FEATURES

Construction Materials Brick
Exterior Covered Porch(es), Gutters, Lighting System, Patio Covered, Satellite Dish, Sprinkler System
Fencing Wood
Foundation Details Slab
Garage Depth 20
Garage Width 20
Lot Interior Lot, Landscaped, Some Trees, Subdivision
Lot Area Less Than .5 Acre (not Zero)
Lot Size Area 0.120
Lot Size Area (acres) 0.120
Lot Size Area (sq Ft) 5227
Lot Size Units Acres
Parking Features Covered, Garage, Garage Door Opener, Swing Drive
Parking Spaces Carport 0
Parking Spaces Covered Total 2
Parking Spaces Garage 2
Pool 0
Structural Style Single Detached
Style Traditional

Newly Built Homes in Frisco TX, Make sure to check them out! Call us for more information: 214-284-8779

Like us on Facebook: The Kimberly Davis Group

Fresh Listings! Just listed Mckinney Area! Don’t miss out!

Want to know the value of your home?  Click here: Find Your Homes Value Now For FREE.

Want to learn more information about a specific property?  Click here: The Kimberly Davis Group-Looking to Buy or Sell… The Kimberly Davis Group is ranked #1!

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Filed under Frisco, Home Buyer, Home for Sale, Home Listings, kimberly davis group, McKinney, north Texas homes for sale, plano, Providence Village, TX, Uncategorized

Future Home Values: Where Do The Experts Think They Are Headed?

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Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey.

Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists about where they believe prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.

The results of their latest survey:

Home values will appreciate by 3.7% over the course of 2016, 3.3% in 2017 and 3.2% in the next two years, and finally 3.1% in 2020 (as shown below). That means the average annual appreciation will be 3.3% over the next 5 years.

KCM-ENG-2.jpg

The prediction for cumulative appreciation slowed slightly from 21.6% to 17.7% by 2020. The experts making up the most bearish quartile of the survey still are projecting a cumulative appreciation of 10.9%.

 

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Bottom Line

Individual opinions make headlines. We believe the survey is a fairer depiction of future values.

Newly Built Homes in Frisco TX, Make sure to check them out! Call us for more information: 214-284-8779

Like us on Facebook: The Kimberly Davis Group

Fresh Listings! Just listed Mckinney Area! Don’t miss out!

Want to know the value of your home?  Click here: Find Your Homes Value Now For FREE.

Want to learn more information about a specific property?  Click here: The Kimberly Davis Group-Looking to Buy or Sell… The Kimberly Davis Group is ranked #1!

Leave a comment

Filed under Frisco, Home Buyer, Home for Sale, Home Listings, kimberly davis group, McKinney, north Texas homes for sale, plano, Providence Village, TX, Uncategorized