All About Texas Real Estate

By David Krichmar, DaveYourMortgageGuy.com
(www.DaveYourMortgageGuy.com - Legend Lending)
Conventional 30 year Mortgage: 5.25%Credit score:740LTV:75%Loan Amount: $300kAPR: 5.30%FHA 30 year: 5.125% Credit Score:740LTV:96.5%loan amount: $300kAPR: 6.015%Conventional 15 year: 4.625%Credit score:740LTV:75%Loan Amount: $300kAPR: 4.715%Rates are Subject to ChangeCall me today if you are thinking of refinancing or buying a home, for the best mortgage rate possible.  
Comments 0
By John Dunham, N Central Austin
(Juice RE Group at Compass)
March sales data is out from ABOR (Austin Board of Realtors) and buyers were very active in gobbling up homes as they hit the market. Both City of Austin and Round Rock saw significant jumps in median sales price over last year, see below. You're going to note Active Listings also jumped, specifically in Round Rock, but I encourage you to keep scrolling and look at how that influx of homes to the market actually looks in the grand scheme of things.  We've been struggling with inventory for years now. 2018-2019 were competitive markets (frequent multiple offer situations), but manageable when you had the right representation as a buyer.  Most economist say a balanced market is closer to 6 months of inventory (you've heard me say this many times over). The last year and half we've been st...
Comments 2
By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
The Dream of Homeownership Is Worth the EffortIf you're in the market to buy a home this season, stick with it. Homebuyers face challenges in any market, and todays is no exception. But if you persevere, your decision to purchase a home will be worth the effort in the end. In fact, a recent survey from Bankrate shows homeownership is so powerful that:Nearly three in four homeowners say they would still buy their current home if they had it to do [sic] all over again. That means the results owning a home and the benefits that come with it outweigh the effort needed to achieve their goal. If you're a homebuyer, let that provide you with the confidence to know the work you're putting in today will pay off for years to come. Here are a few reasons to stick with your search and focus on the ...
Comments 3
By Cary Nemeroff, Austin Lakeway Realtor Fluent in ASL Sign Language
(Keller Williams Realty Lake Travis)
Are you or your clients thinking about moving to the Austin, Texas metropolitan area including suburbs?  The market statistics that I've provided here tell it all!  The Federal Reserve is trying to slow inflation and  "cool" the housing market with interest rate increases.  See this Reuters article published this morning https://www.reuters.com/world/us/fed-wants-cool-us-housing-market-heres-what-that-feels-like-2022-05-02/Here is a snapshot of today's, May 2, 2022, current rates from Mortgage News Daily at www.mortagenewsdaily.comYikes!  It was just last summer that it would have been possible to get a 30 Year Fixed Mortgage with an Interest Rate BELOW 3%.  I'm now seeing 5.55%... do I need a new prescription for my glasses?!It's not my eyesight that's regressing...Mortgage Rates have ...
Comments 2
By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
What You Need To Know About Selling in a Sellers MarketWhat Does This Mean for You When You Sell?When the supply of houses for sale is as low as it is right now, its much harder for buyers to find homes to purchase. That creates increased competition among purchasers which can lead to more bidding wars. And if buyers know they may be entering a bidding war, they're going to do their best to submit a very attractive offer upfront. This could drive the final price of your house up.And because mortgage rates and home prices are climbing, serious buyers are motivated to make their purchase soon, before those two things rise further. That means, if you put your house on the market while supply is still low, it will likely get a lot of attention from competitive buyers.Bottom LineThe current ...
Comments 2
By Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417, Real Service. Real Results. Real Estate
(United Real Estate)
Real Estate Market Report for Addison, TX:  April 2022Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 11, as compared to 8 last month.  Nine are pre-owned and 2 are new construction at Addison Grove. Currently for sale, there are: 4 single family homes (ranging in price from $556,000 - $825,000) No half-duplexes 1 condo ($225,000) 6 townhomes ($479,900 - $1,350,000) Four of the 11 available homes have been on the market for longer than 30 days.  In this market, it probably means they are overpriced or are incomplete new construction. Two of theses four available properties are townhomes that are very close to the DART Rail Line that is under construction nearby.The average number of days on the...
Comments 1
By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Give Your Curb Appeal a Boost Before You Sell Some Highlights If you're thinking about selling your house this season, focusing on a few quick and easy updates outside can help your home look its best. 78% of real estate agents polled say poor landscaping affects property values. As a seller, that means your yard could impact your bottom line. When getting your house ready to sell, lets connect to discuss what you should do to make sure your house shows well and catches the eyes of more potential buyers.    
Comments 5
By Dorie Dillard Austin TX, NW Austin ~ Canyon Creek and Spicewood/Balcones
(Coldwell Banker Realty ~ 512.750.6899)
    In our red-hot market, you might feel like you hit the jack pot when you see this well-maintained home that just came on market!  This single, story gem lives larger with the bonus of high ceilings, straight clean lines, skylight in the entry, and freshly painted interior and exterior!    You’ll love serving up drinks and cooking up a storm for family and friends in the kitchen that offers views to the family room/dining.   Don’t miss the four well-appointed bedrooms in the mother-in-law configuration, with the primary bedroom tucked to the back of the home for ultimate privacy.   Did I mention, you are minutes to Lake Line Mall, as well as major commuter roads of Hwy 620, US 183, SH 45 and Capital MetroRail Commuter Station and Lake Line Park and Ride? You are conveniently located ...
Comments 14
By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Is It Time To Buy a Smaller Home?Life events can have a major impact on what you need from your home, and retirement is one of the biggest changes many of us face. This period of your life can mean doing more of the things you enjoy, like traveling, visiting with loved ones, or taking on new hobbies. But what does that mean for your home?If you're looking for ways to focus more on the important things in your life, the answer could be downsizing. A recent article from The Balance talks about why it could be a great option, saying:There are many reasons to buy a smaller home or to downsize from your present home but sometimes, the idea that “less is more” is what propels homeowners to buy a smaller home.You Can Find the Right Home for Your NeedsThe 2022 Home Buyers and Sellers Generation...
Comments 2
By Richard Woodward NMLS#217454, Service Beyond Expectations! Your Texas Lender
(Nexa Mortgage, NMLS #1660690)
How to get your offer accepted as a cash buyer and still finance. Are you a home buyer or Realtor making offers on homes only to be beat out by cash buyers?  I know it is frustrating.  You are a perfectly good buyer with a strong pre-approval for financing. But in today’s market, sellers think cash is better.   In a competitive housing market, cash is king. Buyers who can bring liquid capital to the closing table are 3x more likely to win bids on the homes they want. But what if you don’t have the resources to afford an all-cash offer? No problem.  I have your back and your cash, with my Certified Approved Buyer Program and our partnership with Ribbon, you can now make offers as a guaranteed cash buyer.   The Richard Woodward Team and Ribbon makes you a competitive cash buyer so you can...
Comments 1
By Salas Home Team, #1 Team in Real Estate Specialty Services
(Sage Street Realty LLC)
Is your home worth more than you think? Home prices in your neighborhood have changed. Find out what your home could sell for in today's market!
Comments 0
By David Krichmar, DaveYourMortgageGuy.com
(www.DaveYourMortgageGuy.com - Legend Lending)
Conventional 30 year Mortgage: 5.125%Credit score:740LTV:75%Loan Amount: $300kAPR: 5.175%FHA 30 year: 4.75% Credit Score:740LTV:96.5%loan amount: $300kAPR: 5.64%Conventional 15 year: 4.5%Credit score:740LTV:75%Loan Amount: $300kAPR: 4.59%Rates are Subject to ChangeCall me today if you are thinking of refinancing or buying a home, for the best mortgage rate possible.  
Comments 1
By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Why Pre-Approval Is an Important Step for Todays HomebuyersBeing intentional and competitive are musts when buying a home this season. Thats why pre-approval is so important today. Pre-approval from a lender is the only way to know your true price range and how much money you can borrow for your loan. Peter Warden, Editor of The Mortgage Reports, explains:The lender will check out your personal finances and issue you a letter confirming the amount you're eligible to borrow. This not only gives you a firm budget for house hunting, but also lets sellers know you're qualified to make an offer.Why does that matter so much today? There are many more buyers looking for homes today than there are homes available for sale, and that's creating some serious competition. According to the National ...
Comments 1
By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
 How to Create a Property Alert System@ FtBendHomeSearch Visit www.FtBendHomeSearch.com and y’all will have the ability to create a Property Alert System to notify you when a property that matches your criteria hits the MLS Market. Y’all can search for Single Family Homes, Country Homes, Foreclosures, Auctions, Lots, Land and Acreage! 1.      Go to www.FtBendHomeSearch.com In the lower middle part of the Screen type in the city y'all are Searching in the system will display a list and then select the collect one!  (example; Rosenberg)   2.      The next screen will display a Map and List of Homes on the MLS Market.  3.      If searching for Rentals, change the Button called "For Sale" to "For Rent" and the Screen will Automatically change to Display All Rentals for the City y'all select...
Comments 1
By Patricia Feager, MBA, CRS, GRI,MRP, Selling Homes Changing Lives
(DFW FINE PROPERTIES)
I enjoyed another brilliant performance last night at the Museum of Biblical Art presented by The Crowley Chamber Trio of the University of Dallas. Today is the last day to attend this Spring Concer. The next concert is planned for September 2022. For reservations contact udallas.edu/music or call (972) 721-5079.  The Crowley Chamber Trio includes Kristin Van Cleve, violin, Marie-Thais Oliver, cello, and Andrey Ponocheony, piano. The program included Piano Trio in E Major, K.542 by Wolfgang Amadeus Mozart (Allegro, Andante grazioso, and Allegro). Sonata for Piano and Cello in F Major, Op.99 by Johanes Brahms (Allegro vivace, Adagio affettuoso, Allegro passionate, and Allegro molto). Trio elegiaque No. 1 in G Minor by Sergei Rachmaninoff. A reception immediately followed the program.  Th...
Comments 5
By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
How To Approach Rising Mortgage Rates as a BuyerIn the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac inched up to 5%. While that news may have you questioning the timing of your home search, the truth is, timing has never been more important. Even though you may be tempted to put your plans on hold in hopes that rates will fall, waiting will only cost you more. Mortgage rates are forecast to continue rising in the year ahead.If you're thinking of buying a home, here are a few things to keep in mind so you can succeed even as mortgage rates rise. How Rising Mortgage Rates Impact YouMortgage rates play a significant role in your home search. As rates go up, they impact how much you'll pay in your monthly mortgage payment, which directly affects how much you can ...
Comments 2
By Ron and Alexandra Seigel, Luxury Real Estate Branding, Marketing & Strategy
(Napa Consultants)
Being able to readily speak with a LIVE customer representative on the phone instead of slogging through multiple numeric choices or otherwise being directed to a website for self-service has become a true luxury today. It is actually surprising to us that more companies do not cut right to the chase with a real person instantly available like in days gone by. It certainly can be a brand differentiator within a product or service category.  The good will and word-of-mouth advertising alone would more than pay for itself. Last week we needed a new iPhone and wanted to trade one of our phones in. Fortunately, we have an Apple Store here in Santa Barbara where the service is always spectacular. In less than 20 minutes we had a new phone up and running and we were out the door (with a sizab...
Comments 29
By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Why This Housing Market Is Not a Bubble Ready To PopHomeownership has become a major element in achieving the American Dream. A recent report from the National Association of Realtors (NAR) finds that over 86% of buyers agree homeownership is still the American Dream.Prior to the 1950s, less than half of the country owned their own home. However, after World War II, many returning veterans used the benefits afforded by the GI Bill to purchase a home. Since then, the percentage of homeowners throughout the country has increased to the current rate of 65.5%. That strong desire for homeownership has kept home values appreciating ever since. The graph below tracks home price appreciation since the end of World War II:The graph shows the only time home values dropped significantly was during...
Comments 2
Texas Real Estate Agents and Real Estate Professionals