Tag Archives: Demography

5 Bedroom Awesome home perfect for the growing family. Great area next to heavily treed creek lot. 5112 RAINCREST, MCKINNEY TX 75071

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5112 RAINCREST, MCKINNEY TX 75071

Awesome home perfect for the growing family. Great area next to heavily treed creek lot. Relax in the evenings on the extended patio and listen to the breeze in the trees. Inside you’ll find large family room with spacious kitchen. Master bed downstairs along with 2nd bedroom and full bath perfect for guests and extended family. Large gameroom upstairs along with 3 bedrooms and 2 bath. Part of the 3 car gar converted to man cave. Mud room. Hurry!

  • MLS# 13387753
  • Residential
  • 5 Bedrooms
  • 4 Bathrooms
  • 3049 Square Feet
  • 3 Garage spaces
  • Built in 2004
  • 0.39 acres lot
List Firm – Keller Williams Realty Plano.

DETAILS

Property Features Creek, Landscaped, Lrg. Backyard Grass, Some Trees, Subdivision
School District McKinney
Association Fee 500
Foreclosure No
Design Single Detached
Garage Type Attached, Front, Garage, Garage Door Opener
Open house No

UTILITIES

Heating Central Air-Elec, Central Heat-Gas
Sewer Type City Sewer

FEATURES

Interior Features Cable TV Available, Flat Screen Wiring, High Speed Internet Available
Fireplace Gas Logs, Stone
Flooring Carpet, Ceramic Tile
Exterior Features Gutters, Patio Open
Construction Brick
Foundation Slab
Roof Composition
Style Traditional
Fencing Wood

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Move in Ready! 4 bedrooms in a split floor plan. Raised ceilings throughout. 11390 PAGEWYNNE, FRISCO TX 75035

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11390 PAGEWYNNE, FRISCO TX 75035

Move in Ready! 4 bedrooms in a split floorplan. Raised ceilings throughout. Open floorplan LAs. WB Fireplace.Wired for Sur Sound. Kitchen has granite and HW floors. Oversized master with window seat. Garden tub and custom tiled shower in Master bath. Slate tile in bathrooms. Updates include: HVAC, Water Heater, Vinyl Windows, Cedar Fence, Int paint. Owners also providing new roof and ext paint. Walking distance to Elem, Middle & High schools.

  • MLS# 13388794
  • Residential
  • 4 Bedrooms
  • 2 Bathrooms
  • 2219 Square Feet
  • 2 Garage spaces
  • Built in 1998
  • 0.16 acres lot
List Firm – Keller Williams Realty Plano.

DETAILS

Property Features Interior Lot, Some Trees
School District Frisco
Association Fee 115
Foreclosure No
Design Single Detached
Garage Type Attached, Garage, Rear
Open house time Public: Sun Jun 5, 3:00PM-5:00PM
Open house Yes

UTILITIES

Heating Central Air-Elec, Central Heat-Gas
Sewer Type City Sewer

FEATURES

Interior Features Cable TV Available, Decorative Lighting, High Speed Internet Available
Fireplace Gas Starter
Flooring Carpet, Ceramic Tile, Wood
Exterior Features Gazebo/Pergola, Patio Covered
Construction Brick
Foundation Slab
Roof Composition
Style Traditional
Fencing Wood

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Market Watch: June is National Home ownership Month!

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Some Highlights:

  • Paying rent is not a good investment, but owning is a great way to start building family wealth.
  • Not only does homeownership allow you to provide your children with great education, but you can also decide whether or not your child grows up with a pet.
  • Owning a home provides you with tax benefits while also providing you with more living space to move around in.

CLICK HERE FOR YOUR PERSONALIZED HOME SEARCH!!!

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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!

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

Wall Street Journal: Housing Recovery Picks Up Steam

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Yesterday, we ran a post quoting major housing experts on the increasing strength of the U.S. housing market. We were pleasantly surprised that, on the same day, the Wall Street Journal decided to run a front page story titled, “Housing Recovery Picks Up Steam” (article available to WSJ subscribers).

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The first paragraph of the article says it best:

“Home prices are back to near-record highs across the U.S. amid rising demand and supply constraints, a sign that the lopsided housing-market recovery of the past five years is gaining some strength.” (emphasis added).

What about the struggles in the economy?

Some openly question how the real estate market can be gaining ground if the overall economy is still struggling. According to the WSJ, it is:

“Despite the unbalanced recovery, Federal Reserve officials have seen housing as a bright spot for the U.S. economy in recent years. Residential construction has contributed to overall economic output for eight straight quarters, expanding at a 17% annual rate in a first quarter marked by slow growth in other sectors.”

Bottom Line

The housing market is gaining strength and all indicators point to an even stronger real estate market moving forward.

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Real Estate Market Watch: A Possible Housing Meltdown? These Experts Respectfully Disagree

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We want to let you know that “rumors of a new market meltdown” are not based on any reputable data. As proof, we offer you the comments of the following experts who have a totally different view on the current housing market.

Lawrence Yun, Chief Economist at NAR:

In spite of deficient supply levels, stock market volatility and the paltry economic growth seen so far this year, the housing market did show resilience and had its best first quarter of existing-sales since 2007.”

Jonathan Smoke, Chief Economist at realtor.com:

“We had a triple crown of April home sales reports, so 2016 is in the pole position to earn best year of home sales in a decade.”

Andrea Riquier, MarketWatch housing reporter:

“I’m calling the end of the housing “recovery.” On to ‘expansion.’”

Freddie Mac:

“Despite the disappointing economic reports, we still forecast housing to maintain its momentum in 2016.”

Steven Russolillo, Wall Street Journal housing reporter:

“A recent gauge of home builder sentiment held firmly in positive territory, according to the National Association of Home Builders. Perhaps more important, expectations for sales in the next six months jumped to the highest level of the year.”

Fannie Mae:

“Our latest housing tracker shows that the first quarter of 2016 was the second fastest first quarter pace of home sales in the past decade… Home sales typically rise in the spring and summer months, and we anticipate an acceleration in home sales that will surpass 2007’s pace by late summer.”

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Real Estate Market Watch: Sell NOW Before Competition Hits the Market

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In their current edition of the Home Price Expectation Survey released last week, Pulsenomics asked this question of the 100+ economists, real estate experts and investment & market strategists they surveyed:

“In your opinion, what is the primary driver of recent home value growth in the U.S.?”

Here are the top four reasons given by those surveyed:

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As we have stated before, the current lack of inventory in most housing markets has caused home appreciation to increase at greater percentages than historical averages. This means that this is a great time to sell your home as supply is low and demand is high.

However, things may be about to change…

The fortuitous situation sellers see themselves in may soon change for three reasons:

  1. As more homeowners realize their equity situation has dramatically improved over the last four years, they will be more likely to put their homes on the market.
  2. With the residential real estate sector outperforming a sluggish economy, more home builders will be looking to add new construction inventory to a depleted supply of housing stock.
  3. Many banks are just now foreclosing on loans that have been delinquent since the housing bust. These houses will also be coming to market.

According to Daren Blomquist, senior vice president of RealtyTrac, in the Q2 2016 U.S. Residential Property Vacancy and Zombie Foreclosure Report:

“Lenders have been taking advantage of the strong seller’s market to dispose of lingering foreclosure inventory.” 

Bottom Line

In most housing markets, don’t wait for this additional competition to hit the market. If you are considering selling your house, now may be the time.

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Real Estate Market Watch: When Is It A Good Time To Rent? Definitely NOT NOW!

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People often ask whether or not now is a good time to buy a home. No one ever asks when a good time to rent is. However, we want to make certain that everyone understands that today is NOT a good time to rent.

The Census Bureau recently released their first quarter median rent numbers. Here is a graph showing rent increases from 1988 until today:

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A recent Wall Street Journal article reports that rents rose “faster last year than at any time since 2007, a boon for landlords but one that has stoked concerns about housing affordability for renters.”

The article also cited results from a recent Reis Inc. report which revealed that average effective rents rose 4.6% in 2015, the biggest gain since before the recession. Over the past 15 years, rents have risen at a rate of 2.7% annually. 

Where are rents headed?

Jonathan Smoke, Chief Economist at realtor.com recently warned that:

“Low rental vacancies and a lack of new rental construction are pushing up rents, and we expect that they’ll outpace home price appreciation in the year ahead.”  

Bottom Line

NAR’s Chief Economist, Lawrence Yun had this to say in the latest Existing Home Sales Report:

 “With rents steadily rising and average fixed rates well below 4 percent, qualified first-time buyers should be more active participants than what they are right now.”

One way to protect yourself from rising rents is to lock in your housing expense by buying a home. If you are ready and willing to buy, let’s meet up to determine if you are able to today!

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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, little elm, McKinney, north Texas homes for sale, plano, Providence Village, the colony homes for sale, TX, Uncategorized