Cross Creek (Fulshear, TX)
By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
There's a lot of talk lately about how challenging it can be to find a home to buy. While housing inventory is still low, there are a few important things to understand about the supply of homes for sale as we move into the end of the year.The Number of Homes for Sale Usually Peaks in the FallIn the residential real estate market, trends generally follow a predictable and seasonal pattern. Typically, the number of homes available for sale (or active monthly listings) peaks in the fall. But in a chapter where so little feels normal, the question becomes: should we expect a fall peak this year?If we look at the active monthly listings for 2021 (shown in the chart below), well see that the number of homes on the market has increased fairly steadily since spring this year. The realtor.com d...
Comments 4
By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
If you're on the fence about whether or not you want to sell your house this year, there's good news. Real estate professionals are highly experienced in how to sell houses safely during the pandemic. Over the last year, agents have adopted new technologies and safety measures designed to keep you safe. And experts say these practices are here to stay. As Bob Goldberg, CEO of the National Association of Realtors (NAR), puts it:The pandemic has confirmed to all of us in the industry that technology will continue to transform real estate.Below is a closer look at some of the new tools real estate professionals are using to better serve sellers.New and Existing Technology Are Impacting the ProcessIn the 2021 Realtor Technology Survey, NAR asks real estate professionals their opinions on th...
Comments 2
By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
If you’re trying to decide when to sell your house, there may not be a better time to list than right now. The ultimate sellers’ market we’re in today won’t last forever. If you're thinking of making a move, here are four reasons to put your house up for sale sooner rather than later.1. Your House Will Likely Sell QuicklyAccording to the Realtors Confidence Index released by the National Association of Realtors(NAR), homes continue to sell quickly on average, they’re selling in just 17 days. As a seller, that’s great news for you.Average days on market is a strong indicator of buyer demand. And if homes are selling quickly, buyers have to be more decisive and act fast to submit their offer before other buyers swoop in.2. Buyers Are Willing To Compete for Your HouseIn addition to selling...
Comments 3
By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
One of the major questions real estate experts are asking today is whether prospective homebuyers still believe purchasing a home makes sense. Some claim rapidly rising home prices are impacting demand and, by extension, leading to the recent slowdown in sales activity.However, demand isn't the real issue. Instead, its the lack of supply (homes available for sale). An article from the Wall Street Journal shows this is true for new home construction:Home builders have sold more homes than they can build. Now they are limiting their sales in an effort to catch up.The article quotes David Auld, CEO of D.R. Horton Inc. (the largest homebuilder by volume in the United States since 2002), explaining how they don't have enough homes for the number of buyers coming into their models:Through our...
Comments 2
By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
 Some Highlights Buyers hoping for more homes to choose from may be in luck as housing inventory begins to rise. Many experts agree new sellers listing their homes is great news for buyers and the overall market. Although the supply increases are modest, more homes means more options for buyers. A rise in inventory may also help slow the price gains we've seen recently and could be a sign of good things to come. If you're searching for a home, rising inventory is welcome news. Lets connect today to discuss new listings in our area.  
Comments 6
By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
Home price appreciation continues to accelerate. Today, prices are driven by the simple concept of supply and demand. Pricing of any item is determined by how many items are available compared to how many people want to buy that item. As a result, the strong year-over-year home price appreciation is simple to explain. The demand for housing is up while the supply of homes for sale hovers at historic lows.Lets use three maps to show how this theory continues to affect the residential real estate market.Map #1 State-by-state price appreciation reported by the Federal Housing Finance Agency (FHFA) for the first quarter of 2021 compared to the first quarter of 2020:As the map shows, certain states (colored in red) have appreciated well above the national average of 12.6%.Map #2 The change i...
Comments 6
By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
Do you ever ponder your floor joists? Or give serious considerations to the cladding under your siding? Of course not! There are parts of your home that just work, and you never have to really do anything about them. Although ductwork seems like one of those out of sight, out of mind things, it’s actually one that you should look into now and again. Dirty Ducts Spew Dirt Cheap Sure, you change your furnace filter religiously, as you should, but that doesn’t mean that the dust in your house is taken care of. Over time, ductwork collects dirt too, especially when your vents are on the floor. The filter can only catch the dirt that goes into it; it can’t do much for dirt that settles in ductwork through open vents. Over time your ductwork can get pretty dirty, despite your best efforts. Wh...
Comments 6
Fulshear, TX Real Estate Professionals