Tag Archives: kimberly davis group

Market Watch: How Does Housing Help Build Family Wealth?

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As the economy continues to improve, more and more Americans are seeing their personal financial situations also improving. Instead of just getting by, many are now beginning to save and find other ways to build their net worth. One way to dramatically increase their family wealth is through the acquisition of real estate.

For example, let’s assume a young couple purchased and closed on a $250,000 home in January. What will that home be worth five years down the road? 

Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists every quarter. They ask them to project how residential prices will appreciate over the next five years. According to their latest survey, here is how much value that $250,000 house will gain in the coming years.

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Over a five-year period, that homeowner can build their home equity to over $40,000. And, in many cases, home equity is large portion of a family’s overall net worth.

Bottom Line

If you are looking to better your family’s long-term financial situation, buying your dream home might be a great option.

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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SHOWS LIKE A MODEL! Do Not Miss this Beauty! End Unit with east facing Faux-Flagstone Patio,2 Bedrooms,2.5 Bathrooms, WOOD FLOORS, 8925 TROLLEY, MCKINNEY TX 75070

1 (2)

$262,500

8925 TROLLEY, MCKINNEY TX 75070

SHOWS LIKE A MODEL!Do Not Miss this Beauty!End Unit with east facing Faux-Flagstone Patio,2 Bedrms,2.5 Bathrms,WOOD FLOORS,Corian Kitchen,GAS COOKING,Walk-in Pantry,Laundry Room Down,easily add a fence for yard,Large Master,Vaulted Ceilings,YOU WILL NOT BELIEVE THE SIZE OF THE MASTER CLOSET,Split Bedrms,GAME RM,Garage Shelving,easy walk to clubhouse,this one feels like home!HOA includes blanket insurance,roof,pool,gym,sprinklers,lawn.FRISCO ISD!

  • MLS# 13358423
  • Residential
  • 2 Bedrooms
  • 2.1 Bathrooms
  • 1944 Square Feet
  • 2 Garage spaces
  • Built in 2005
  • 0.05 acres lot
List Firm – Keller Williams Realty Plano.

DETAILS

Property Features Interior Lot, Landscaped, Some Trees, Subdivision
School District Frisco
Association Fee 130
Foreclosure No
Design Condo/Townhome
Garage Type Garage, Garage Door Opener, Rear
Open house No

UTILITIES

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

FEATURES

Interior Features Cable TV Available, Decorative Lighting, Flat Screen Wiring, High Speed Internet Available, Vaulted Ceilings, Window Coverings
Fireplace Gas Logs
Flooring Carpet, Ceramic Tile, Wood
Exterior Features Covered Porch(es), Gutters, Lighting System, Patio Covered, Sprinkler System
Construction Rock/Stone
Foundation Slab
Roof Composition
Style Mediterranean

CLICK HERE FOR YOUR PERSONALIZED HOME SEARCH!!!

Like us on Facebook: The Kimberly Davis Group

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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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.

CLICK HERE FOR YOUR PERSONALIZED HOME SEARCH!!!

Like us on Facebook: The Kimberly Davis Group

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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Market Watch: Where Are Home Values Headed Over the Next 5 Years?

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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 4.0% over the course of 2016, 3.4% in 2017 and 3.0% in the next two years, and finally 2.8% in 2020 (as shown below). That means the average annual appreciation will be 3.2% over the next 5 years.

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The prediction for cumulative appreciation slowed slightly from 25.0% to 24.7% by 2020. The experts making up the most bearish quartile of the survey are still projecting a cumulative appreciation of 9.9%

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Bottom Line

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

CLICK HERE FOR YOUR PERSONALIZED HOME SEARCH!!!

Like us on Facebook: The Kimberly Davis Group

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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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!

CLICK HERE FOR YOUR PERSONALIZED HOME SEARCH!!!

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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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Custom Updated home in Woodbridge. Rich hardwood floors, Large backyard w- covered patio. Master bath w- custom woodwork, double sinks & large walk in closet. Too Much to list, you must see for yourself! 4402 MEADOWVIEW, SACHSE TX 75048

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$359,999

4402 MEADOWVIEW, SACHSE TX 75048

Custom Updated home in Woodbridge. Rich hardwood floors & soaring ceilings greet as you enter. Study w- french doors. Kitchen w- stainless appliances,granite counters w-abundance of cabinets open to Family & Breakfast Room. Family Rm w custom built ins overlooks large backyard w- covered patio. Master bath w- custom woodwork, double sinks & large walk in closet. Gameroom has wet bar outside of Media Room. Too Much to list, you must see for yourself!

  • MLS# 13377049
  • Residential
  • 4 Bedrooms
  • 3.1 Bathrooms
  • 3794 Square Feet
  • 3 Garage spaces
  • Built in 2006
  • 0.24 acres lot
List Firm – Keller Williams Realty Plano.

DETAILS

Property Features Corner, Landscaped, Lrg. Backyard Grass, Subdivision
School District Wylie
Association Fee 470
Foreclosure No
Design Single Detached
Garage Type Attached, Garage, Garage Door Opener, Opener, Rear, Tandem Style
Open house time Public: Sat May 14, 1:00PM-3:00PM
Open house No

UTILITIES

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

FEATURES

Interior Features Cable TV Available, Decorative Lighting, Flat Screen Wiring, High Speed Internet Available, Plantation Shutters, Vaulted Ceilings, Wet Bar, Window Coverings
Fireplace Gas Starter, Wood Burning
Flooring Carpet, Ceramic Tile, Wood
Exterior Features Covered Porch(es), Patio Covered, Sprinkler System
Construction Brick
Foundation Slab
Roof Composition
Fencing Brick, Wood

CLICK HERE FOR YOUR PERSONALIZED HOME SEARCH!!!

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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Real Estate Market Watch: Are Foreclosures Increasing or Decreasing?

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Recently, there has been a lot of talk about the size of the foreclosure inventory in the nation. There has been some speculation that distressed property inventories are about to skyrocket. Today, we want to reveal what is actually taking place in this segment of the housing market.

CoreLogic, in their most recent National Foreclosure Report, reported that foreclosure inventory has decreased by 23.2% since this time last year. The report also showed that foreclosure inventory has decreased in 49 of the 50 states and that 45 states have posted a year-over-year, double-digit decline (see chart below).

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Other findings in the report:

  • The Seriously Delinquent Rate (homeowners more than 90 days behind in their mortgage payment) is 3.1% which is the lowest level since November 2007
  • The Foreclosure Rate is 1.1% which is also the lowest level since November 2007
  • This was the 53rd consecutive month that showed a decline in the Foreclosure Rate

Bottom Line

Though foreclosures do remain in the market, the number is dramatically decreasing. The fact that mortgage delinquency rates are also decreasing means the worst of the foreclosure crisis is in the rear view mirror.

CLICK HERE FOR YOUR PERSONALIZED HOME SEARCH!!!

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