Fort Bend County, TX Real Estate News

By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Will My House Still Sell in Today's Market? If recent headlines about the housing market cooling and buyer demand moderating have you worried you've missed your chance to sell, here's what you need to know. Buyer demand hasn't disappeared, its just eased from the peak intensity we saw over the past two years.Buyer Demand Then and NowDuring the pandemic, mortgage rates hit record lows, and that spurred a significant rise in buyer demand. This year, as rates increased due to factors like rising inflation, buyer demand pulled back or softened as a result. The latest data from ShowingTime confirms this trend (see graph below):The orange bars in the graph above represent the last few months of data and the clear cooldown in the volume of home showings the market has seen since mortgage rates...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
How to Pick an Air CompressorWhen you own a home, it’s important to have the tools that are necessary to make little repairs, or even do major DIY if that’s your thing. One of the most useful tools you can add to your collection is an air compressor. An air compressor can do so many things around the house, from helping you keep screens and vents debris-free, to airing up car tires and other inflatables, and even powering a whole collection of useful tools. But how do you pick the perfect air compressor for your projects? Don’t worry, it’s easier than you may think. First, Choose Your Air Tools Before you can really select an ideal air compressor, you need to know what you’re going to do with it. Are you going to use it to power an air nailer to help you install new trim work throughout...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Top Reasons Homeowners Are Selling Their Houses Right Now Some people believe there's a group of homeowners who may be reluctant to sell their houses because they don't want to lose the historically low mortgage rate they have on their current home. You may even have the same hesitation if you're thinking about selling your house.Data shows 51% of homeowners have a mortgage rate under 4% as of April this year. And while its true mortgage rates are higher than that right now, there are other non-financial factors to consider when it comes to making a move. In other words, your mortgage rate is important, but you may have other things going on in your life that make a move essential, regardless of where rates are today. As Jessica Lautz, Vice President of Demographics and Behavioral Insig...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
What Experts Say Will Happen with Home Prices Next YearExperts are starting to make their 2023 home price forecasts. As they do, most agree homes will continue to gain value, just at a slower pace. Over the past couple of years, home prices have risen at an unsustainable rate, leaving many to wonder how long it would last. If you're asking yourself: what's ahead for the price of my home, know that experts are now answering this question, and its welcome news for homeowners who may have been led by the media to believe their home would lose value.Historically, home prices have appreciated at a rate near 4%. For 2023, the average of six major forecasters noted below is 2.5%. While one, Zelman & Associates, is calling for depreciation, the other five are calling for appreciation. The graph...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Smart Switches 101As smart homes become more common, some homeowners are going beyond basics like smart bulbs and assistant hubs like Google Home and Amazon Echo. This can take a number of forms, from the addition of smart electronics and security systems to sensors throughout the house that can recognize when people walk into rooms and adjust the lighting and other resources accordingly. One increasingly popular option is the installation of smart switches in lieu of simply relying on individual smart bulbs to control lighting.So what are smart switches, anyway? How do they work? Can you install them anywhere, or are there specific things that your home needs? If you’re curious about smart switches and whether they would be a good addition to your home, here are some of the basics that...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Fall Home Selling Checklist Some Highlights When it comes to selling your house, you want it to look its best inside and out so it catches the attention of buyers. A real estate professional can help you decide what to do to make that happen. Focus on tasks that can make it inviting, show its cared for, and boost your curb appeal. Lets connect so you have advice on what you may want to do to get your house ready to sell this season.    
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
What Is a Deep Energy Retrofit?Owning an older home can be a really amazing experience. Not only do you get to actually live in a slice of history, you’re also there to make decisions about this building that will stay with it potentially for generations to come (no pressure). But it’s not all pink toilets and clawfoot tubs; a lot of the most important calls in older homes are about energy efficiency.Deep energy retrofits are becoming increasingly common for older homes, helping to turn these structures that can be absolute energy vampires into far more efficient versions of themselves. This is well beyond a little weather stripping, and can make a big difference to longer term performance. Deep Energy Retrofit Versus Weatherproofing Weatherproofing is vital for homes of all ages, just ...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Getting Your House Ready To Sell? Work with an Agent for Expert Advice In a market that's shifting as fast as it is today, many homeowners wonder what, if anything, needs to be renovated before they sell their house. Thats where a trusted real estate professional comes in. They can help you think through todays market conditions and how they impact what you should and shouldn't do before selling your house.Here are some considerations a professional will guide you through.What You Need To Know About Your Local MarketSince the supply of homes for sale has increased so much this year, todays buyers have more options than they had last year. That may mean you're not able to ignore some of those repairs or cosmetic updates you could have skipped in previous months. As a recent article from ...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Summer Is the Season for Fireplace AdditionsIf there’s one thing that you think about during the summer, it’s… probably not getting a fireplace installed. In fact, there are probably very few home updates or additions that are further from your mind when heat indexes top 100 degrees and the sun is beating down. Just because you’re not thinking about a fireplace doesn’t mean you shouldn’t be, though.Fireplaces add a mix of beauty and function that few things can top. And as weird as it sounds, the summer might just be the perfect time to install a new fireplace or update an old fireplace that’s already in your home. There are several reasons why this might be true, so here are a few things to think about if you’re considering a fireplace addition this year. Benefits of a Fireplace There ...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Three Things Buyers Can Do in Todays Housing MarketIts clear the 2022 housing market has been defined by rising mortgage rates. With rates on the rise, its also become more costly to purchase a home. According to the National Association of Realtors (NAR):Compared to one year ago, the monthly mortgage payment rose to 1,944 from 1,265, an increase of 53.7%.If you're thinking of buying a home or have been trying to recently, that's a big increase in a monthly mortgage payment and it may be causing you to press pause on your plans. This jump is making homes less affordable, especially compared to the last two years when mortgage rates were at historic lows.The good news is you can navigate todays housing market and this rising rate environment with a few simple tips. Here are three things ...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Is the Real Estate Market Slowing Down, or Is This a Housing Bubble?The talk of a housing bubble in the coming year seems to be at a fever pitch as rising mortgage rates continue to slow down an overheated real estate market. Over the past two years, home prices have appreciated at an unsustainable pace causing many to ask: are things just slowing down, or is a crash coming?To answer this question, there are two things we want to understand. The first is the reality of the shift in todays housing market. And the second is what experts are saying about home prices in the coming year.The Reality of the Shift in Todays Housing MarketThe reality is were seeing an inflection point in housing supply and demand. According to realtor.com, active listings have increased more than 26% over last y...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Summer Siding Clean-UpGood siding can go a long way toward making your home look beautiful. For a lot of homeowners, they discover only one big drawback to having siding on their homes: it needs to be cleaned to keep it looking its best. Depending on the color of your siding, you may notice dirty streaks, dusty discoloration, and possibly even green tints from algae or mildew that will need to come off in order to restore your siding’s beauty.Fortunately, cleaning siding usually isn’t too difficult, provided you have the right tools for the job. In this case, the right tool is typically a pressure washer. This can make short work of cleaning your siding, though it’s important that you understand how a pressure washer works and what you should and shouldn’t use one on. With a little caut...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
A Crucial First Step: Mortgage Pre-Approval  Some Highlights Mortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history, determined how much you're qualified to borrow. Being pre-approved for a loan can give you clarity while planning your homebuying budget, confidence in your ability to secure a loan, and helps sellers know your offer is serious. Connect with a trusted professional to learn more and start your homebuying process today.    
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Buyers Are Regaining Some of Their Negotiation Power in Todays Housing Market If you’re thinking about buying a home today, there’s welcome news. Even though its still a sellers market, its a more moderate sellers market than last year. And the days of feeling like you may need to waive contingencies or pay drastically over asking price to get your offer considered may be coming to a close.Today, you should have less competition and more negotiating power as a buyer. Thats because the intensity of buyer demand and bidding wars is easing this year. So, if bidding wars were the biggest factor that had you sitting on the sidelines, here are two trends that may be just what you need to re-enter the market.1. The Return of ContingenciesOver the last two years, more buyers were willing to ski...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
How Owning a Home Builds Your Net Worth Owning a home is a major financial milestone and an achievement to take pride in. One major reason: the equity you build as a homeowner gives your net worth a big boost. And with high inflation right now, the link between owning your home and building your wealth is especially important.If you're looking to increase your financial security, here's why now could be a good time to start on your journey toward homeownership.Owning a Home Is a Key Ingredient for Financial SuccessA report from the National Association of Realtors (NAR) details several homeownership trends, including a significant gap in net worth between homeowners and renters. It finds:. . . the net worth of a homeowner was about 300,000 while that of a renters was 8,000 in 2021.To pu...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Create Cool Summer Spaces With AwningsIf you have any kind of outdoor space, the chances are good that it’s the perfect place to hang out in only limited windows throughout the year. Although you probably imagined something like a backyard oasis when you chose your home, the reality is a little different when the sun gets a bit too bright and bears down a little extra enthusiastically.That’s ok! There’s a solution for this very problem, and it’s a simple fix that can help transform that hot, bright patio or deck into a truly flexible outdoor haven. That’s right, it’s time to consider adding an awning to your home. What Is an Awning? Awnings were very popular features of homes prior to widespread air conditioning systems, and even persisted after central air was common to help shade wind...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Expert Forecasts on Mortgage RatesIf you've been thinking of buying a home, you may have been watching what's happened with mortgage rates over the past year. Its true they've risen dramatically, but where will they go from here, especially as the market continues to slow?As you think about your homeownership goals and decide if now's the time to make your move, the best place to turn to for that information is the professionals. Here's a summary of the latest mortgage rate forecasts from housing market experts.Experts Project Mortgage Rates Will StabilizeWhile mortgage rates continue to fluctuate due to ongoing inflationary pressures and economic uncertainty, experts project they'll start to stabilize in the months ahead. According to the latest projections, mortgage rates are expected...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Should I Sell My House This Year?There's no denying the housing market is undergoing a shift this season as buyer demand slows and the number of homes for sale grows. But that shift actually gives you some unique benefits when you sell. Here's a look at the key opportunities you have if you list your house this fall.Opportunity #1: You Have More Options for Your MoveOne of the biggest stories today is the growing supply of homes for sale. Housing inventory has been increasing since the start of the year, primarily because higher mortgage rates helped cool off the peak frenzy of buyer demand. But what you may not realize is, that actually could benefit you.If you're selling your house to make a move, it means you'll have more options for your own home search. That gives you an even bette...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
How Does a HELOC Work?With home values having risen dramatically in the last few years, many homeowners are looking for ways to tap their equity without selling their home or refinancing their primary mortgage. If your home has gained significant value since you purchased it, or you’ve just paid so much of the mortgage down that you’ve got ample equity to work with, a second mortgage on your home might make sense.Home Equity Lines of Credit (HELOCs) are popular options for homeowners in this very situation. They’re flexible loans that give you a lot of options and time to decide what you want to do with your equity, but they can also be a bit confusing because they don’t work like a more traditional home loan. HELOCs Are Lines of Credit The most important thing to keep in mind when it c...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Why Its So Important To Hire a Pro  Some Highlights If youre thinking of buying or selling a home, youll want a trusted real estate professional on your side for their industry experience and expert insights. The right advisor utilizes the latest technology and can help you navigate todays home pricing and market values, the contracts and fine print, and the negotiations you'll face. Lets connect so you have expert advice each step of the way.      
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