Sienna Plantation (Missouri City, TX)
By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
Many people have questions about home prices right now. How much have prices risen over the past 12 months? What's happening with home values right now? What's projected for next year? Here's a look at the answers to all three of these questions.How much have home values appreciated over the last 12 months?According to the latest Home Price Index from CoreLogic, home values have increased by 18.1% compared to this time last year. Additionally, prices have gone up at an accelerated pace for each of the last eight months (see graph below):The increase in the rate of appreciation that's shown by CoreLogic coincides with data from the other two main home price indices: the FHFA Home Price Index and the S&P Case Shiller Index.The last year has shown tremendous home price appreciation, which ...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
With forbearance plans coming to an end, many are concerned the housing market will experience a wave of foreclosures similar to what happened after the housing bubble 15 years ago. Here are a few reasons why that wont happen.There are fewer homeowners in trouble this timeAfter the last housing crash, about 9.3 million households lost their homes to a foreclosure, short sale, or because they simply gave it back to the bank.As stay-at-home orders were issued early last year, the fear was the pandemic would impact the housing industry in a similar way. Many projected up to 30% of all mortgage holders would enter the forbearance program. In reality, only 8.5% actually did, and that number is now down to 2.2%.As of last Friday, the total number of mortgages still in forbearance stood at 1,2...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
If you're a renter with a desire to become a homeowner, or a homeowner whos decided your current house no longer fits your needs, you may be hoping that waiting a year might mean better market conditions to purchase a home.To determine if you should buy now or wait, you need to ask yourself two simple questions: What will home prices be like in 2022? Where will mortgage rates be by the end of 2022? Lets shed some light on the answers to both of these questions.What will home prices be like in 2022?Three major housing industry entities project continued home price appreciation for 2022. Here are their forecasts: Freddie Mac: 5.3% Fannie Mae: 5.1% Mortgage Bankers Association: 8.4% Using the average of the three projections (6.27%), a home that sells for 350,000 today would be valued at 3...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
Even though experts agree there's no chance of a large-scale foreclosure crisis, there are a number of homeowners who may be coming face-to-face with foreclosure as a possibility. And while the overall percentage of homeowners at risk is decreasing with time (see graph below), that's little comfort to those individuals who are facing challenges today.If you haven't taken advantage of the forbearance period, it may be time to research and understand your options. It starts with knowing what foreclosure is. Investopedia defines it like this:Foreclosure is the legal process by which a lender attempts to recover the amount owed on a defaulted loan by taking ownership of and selling the mortgaged property. Typically, default is triggered when a borrower misses a specific number of monthly pa...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
Over the past year, many homeowners realized what they need in a home is changing, especially with the rise in remote work. If you're longing for a dedicated home office or a change in scenery, now may be the time to find the home that addresses your evolving needs.Working from Home Isn't a Passing FadBefore the pandemic, only 21% of individuals worked from home. However, if you've recently discovered remote work is your new normal, you're not alone.A survey of hiring managers conducted by Statista and Upwork projects 37.5%of U.S. workers will work remotely in some capacity over the next 5 years (see chart below):Working from Home Gives You More Flexibility and More OptionsIf you fall in that category, working from home may provide you with opportunities you didn't realize you had. The ...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
Sienna Village Of Waters Lake Real Estate Homes For Sale, Rent & Price TrendsShayne Stone "Your Rock Solid Choice Realtor" that helps Home Sellers make a Profit and Home Buyers Equity in Sienna Village Of Waters Lake neighborhood / subdivision / community which is located in Missouri City Texas 77459 zip code in Fort Bend County. Sienna Village Of Waters Lake has 1,363 single family properties with a median build year of 2006 and a median size of 4,000 Sqft., these home values range between $324 - $606 K. The sqft. price change data is available through 1998. The median sold price/sqft is $105.53 while the median appraised value is $ 102.94/ sqft. View homes for sale or rent in Sienna Village Of Waters Lake and see new homes, trending properties, Foreclosures and much more.Sometimes the...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
Sienna Village of Shipman's Landing Real Estate Homes For Sale, Rent & Price TrendsShayne Stone "Your Rock Solid Choice Realtor" that helps Home Sellers make a Profit and Home Buyers Equity in Sienna Village Of Shipman's Landing neighborhood / subdivision / community which is located in Missouri City Texas 77459 zip code in Fort Bend County. Sienna Village Of Shipman's Landing has 1,407 single family properties with a median build year of 2003 and a median size of 2,878 Sqft., these home values range between $204 - $381 K. The sqft. price change data is available through 1998. The median sold price/sqft is $109.75 while the median appraised value is $ 104.52/ sqft. View homes for sale or rent in Sienna Village Of Shipman's Landing and see new homes, trending properties, Foreclosures and...
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Missouri City, TX Real Estate Professionals