Fort Bend County, TX Real Estate News

By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
In todays sellers market, standing out as a buyer is critical. Multi-offer scenarios and bidding wars are the norm due to the low supply of houses for sale and high buyer demand. If you're buying this fall, you'll want every advantage, especially when you've found the home of your dreams.Below are five things to keep in mind when its time to make an offer.1. Know Your BudgetKnowing your budget and what you can afford is critical to your success as a homebuyer. The best way to understand your numbers is to work with a lender so you can get pre-approved for a loan. As Freddie Mac puts it:This pre-approval allows you to look for a home with greater confidence and demonstrates to the seller that you are a serious buyer.Showing sellers you're serious can give you a competitive edge. It enabl...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
Day to day life has a lot of moving parts. Unfortunately, this sometimes makes it a little too easy to misplace some of those things that we use every day. This can be a real hassle, causing you to spend time looking for the various things you need instead of using them. Most smartphones come with a “find my phone” feature, so wouldn’t it be great if everything else had a similar function?With the advent of smart tags, this is actually possible. These tags make it easy to locate lost items around the home and can even provide extra security against theft or loss while you’re out and about. The specific features and functions depend on the brand of smart tags that you use, but regardless of brand you’ll find that there are some features that are universal.How Do Smart Tags Work? Smart ta...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
One of the major story lines over the last year is how well the residential real estate market performed. One key metric in the spotlight is home price appreciation. According to the latest indices, home prices are skyrocketing this year.Here are the latest percentages showing the year-over-year increase in home price appreciation: The House Price Index (HPI) from the Federal Housing Finance Agency (FHFA): 18.8% The S. National Home Price Index from S&P Case-Shiller: 18.6% The Home Price Insights Report from CoreLogic: 18% The dramatic increases are seen at every price point and in all regions of the country.Increases Are Across Every Price PointAccording to the latest Home Price Index from CoreLogic, each price range is seeing at least a 19% increase year-over-year:Increases Are Across...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
Some Highlights When it comes to the current housing market, there are multiple misconceptions from what the current supply of available homes looks like to how much houses are selling for. It takes professionals who study expert opinions and data to truly understand the real estate market and separate fact from fiction. Trust the pros. If you want to understand why its still a good time to buy, lets connect today.  
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
Becoming financially secure is an important goal for many people today, but some don't realize just how much homeownership can help them achieve that dream. A recent report, The Journey Toward Financial Freedom, surveys Americans about their perspective on financial wellness and their goals. It shows there may be a significant misconception about the role owning a home plays in building wealth:Home ownership is one of the indicators Americans say is least connected to financial health.”Two major personal wealth goals homeownership and net worth work hand-in-hand. Below are just a few reasons why, if you're looking for financial security, homeownership should be a top priority.Homeownership Is an Important Cornerstone of Building WealthEvery three years, the Federal Reserve releases the ...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
As the days are gradually getting shorter and the nights grow a little cooler, it’s a good time to start thinking about how you want to handle your fall landscaping. It’s possible that you’ve never really put much thought into what your fall landscaping will look like; after all, many people see fall as a time to start prepping for winter and let the look of their landscaping kind of fall by the wayside until spring. With a little bit of TLC, though, you can transform your landscaping and create a striking contrast between spring and fall without having to break the bank or spend all your time working in the yard.One easy way to do this is to add some new plants to your landscape as the season change approaches. There are a wide range of autumn-hardy plants in both flowering and ornamen...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
Its economy 101 when supply is low and demand is high, prices naturally rise. That's what's happening in todays housing market. Home prices are appreciating at near-historic rates, and that's creating some challenges when it comes to home appraisals.In recent months, its become increasingly common for an appraisal to come in below the contract price on the house. Shawn Telford, Chief Appraiser for CoreLogic, explains it like this:Recently, we observed buyers paying prices above listing price and higher than the market data available to appraisers can support. This difference is known as the appraisal gap . . . .Why does an appraisal gap happen?Basically, with the heightened buyer demand, purchasers are often willing to pay over asking to secure the home of their dreams. If you've ever t...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
As rent prices continue to soar, many renters want to know what they can do to get ready to buy their first home. According to recent data from ApartmentList.com:The first half of 2021 has seen the fastest growth in rent prices since the start of our estimates in 2017. Our national rent index has increased by 11.4 percent since January . . . .Those rising rental costs may make it seem impossible to prepare for homeownership if you're a renter. But the truth is, there are ways you can and should prepare to purchase your first home. Here's some expert advice on what to do if you're ready to learn more about how to escape rising rents.Start Saving Even Small Amounts NowExperts agree, setting aside what you can even smaller amounts of money into a dedicated savings account is a great starti...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
There are many headlines out there that claim were reverting to a more normal real estate market. That would indicate the housing market is returning to the pre-pandemic numbers we saw from 2015-2019. But that's not happening. The market is still extremely vibrant as demand is still strong even while housing supply is slowly returning.Here's the definition of normal from the Merriam-Webster Dictionary:conforming to a type, standard, or regular pattern: characterized by that which is considered usual, typical, or routine.Using this definition, here are five housing industry metrics that prove were nowhere near normal.1. Mortgage RatesIf we look at the 30-year mortgage rate chronicled by Freddie Mac, we can see the average rates by decade: 1970s: 8.86% 1980s: 12.7% 1990s: 8.12% 2000s: 6.2...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
Some Highlights Pricing your house right takes market experience and expertise. To find the best list price, your agent balances current market demand, values of homes in your neighborhood, where prices are headed, and your homes condition. If you're ready to sell, don't guess on the price. Lets connect today so we price your house to attract multiple offers and maximize your return on investment.   
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
Awnings have been around for a long time; examples of awnings date back as far as ancient Egypt, and their use was common in the height of the Roman Empire. Despite their lasting popularity, modern awning use has really dropped off in recent years. Some blame gentrification, others think that it’s just a shift in design sensibilities, but whatever the reason, there haven’t been nearly as many awnings in use for a decade or more.Is this a continuing trend, or is awning use starting to turn around? What are the reasons that people might want to get awnings? While a lot of the use of awnings comes down to personal preference, here are some of the reasons that awnings fell into disfavor… and why they just might be making a comeback.Why the Awning Hate? Once upon a time, awnings were all the...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
Mortgage rates are hovering near record lows, and that's good news for todays homebuyers. The graph below shows mortgage rates dating back to 2016 and where today falls by comparison.Generally speaking, when rates are low, you can afford more home for your money. That's why experts across the industry agree todays low rates present buyers with an incredible opportunity. Here's what they have to say:Sam Khater, Chief Economist at Freddie Mac, points out the historic nature of todays rates:As the economy works to get back to its pre-pandemic self, and the fight against COVID-19 variants unfolds, owners and buyers continue to benefit from some of the lowest mortgage rates of all-time.Mark Fleming, Chief Economist at First American, talks about how rates impact a buyers bottom line:Mortgage...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
Air filters serve a wide range of purposes in your home. They remove dust and dander from the air, eliminate other allergens, keep some odors under control, and even reduce the wear and tear that your HVAC system experiences throughout the year. Depending on the filters you use, you may even be able to remove some viruses and bacteria from the air to keep the people in your house healthier. With all of the benefits that good air filters provide, the only real downside is that you have to replace them every few months to keep your home’s filtration system filtering at its best.There are a few other options available when it comes to filter types, however. One air filter that’s increasingly popular with homeowners is the electrostatic filter, which not only provides excellent filtration b...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
If you're trying to decide whether or not to sell your house, this is the time to think seriously about making a move. Fannie Maes recent Home Purchase Sentiment Index (HPSI) reveals the number of respondents who say its a good time to sell is higher now than it was over the past few summers (see graph below). Today, the majority of consumers, 75 percent, say its a good time to sell a house.Why is sellers sentiment up year-over-year?The higher good time to sell sentiment has to do with todays market conditions, specifically low housing supply and high buyer demand. In the simplest terms, we don't have enough houses available for sale to meet buyer demand.According to the latest data from the National Association of Realtors (NAR), were still firmly in a sellers market because housing su...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
There are many non-financial benefits of buying your own home. However, todays headlines seem to be focusing primarily on the financial aspects of homeownership specifically affordability. Many articles are making the claim that its not affordable to buy a home in todays market, but that isn't the case.Todays buyers are spending approximately 20% of their income on their monthly mortgage payments. According to The Essential Guide to Creating a Homebuying Budget from Freddie Mac, the 20% of income that purchasers are currently paying is well within the 28% guideline suggested:Most lenders agree that you should spend no more than 28% of your gross monthly income on a mortgage payment (including principal, interest, taxes and insurance).So why is there so much talk about challenges regardi...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
 Some Highlights When it comes to selling your house, you want it to look its best inside and out. Its important to focus on tasks that can make it inviting, show its cared for, and boost your curb appeal for prospective buyers. Lets connect to make sure your house shows well and catches a buyers eye.   
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
Your roof is one of the most important parts of your house, as problems with your roof can end up causing damage to a variety of other parts of your home. While most people are familiar with shingle roofs when it comes to home roofing options, there are actually a few different roof types available. One that is gaining a significant amount of popularity in recent years is metal roofing, due in part to its extreme durability and resistance to environmental factors that can damage traditional shingles.Once upon a time, metal roofing was largely made up of flat panels which seemed more at home on businesses or other non-residential structures. The material has come a long way since then, however. Modern metal roofing often mimics the look of shingles or tile roofs, adding a unique beauty t...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
When you hear the phrase home price appreciation, what does it mean to you? Through context clues alone, chances are you know it has to do with rising home prices. And as a seller, you know rising home prices are good news for your potential sale. But lets look past the dollar signs and dive deeper into the concept. To truly understand home price appreciation, you need to know how it works and why it matters to you.Investopedia defines appreciation like this:Appreciation, in general terms, is an increase in the value of an asset over time. The increase can occur for a number of reasons, including increased demand or weakening supply, or as a result of changes in inflation or interest rates. This is the opposite of depreciation, which is a decrease in value over time.When we consider thi...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
Whether or not you've been following the real estate industry lately, there's a good chance you've heard were in a serious sellers market. But what does that really mean? And why are conditions today so good for people who want to list their house?It starts with the number of houses available for sale. The latest Existing Home Sales Report from the National Association of Realtors(NAR) shows housing supply is still astonishingly low. Today, we have a 2.6-month supply of homes at the current sales pace. Historically, a 6-month supply is necessary for a normal or neutral market in which there are enough homes available for active buyers(see graph below):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 incre...
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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...
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