Several pieces of the REALTOR®-supported homeowners association reform laws passed by the Texas Legislature in 2021 take effect today, September 1. These changes bring more balance between the rights of property owners and their associations. The 87th Texas Legislature passed these changes as Senate Bill 1588, which was authored by Sen. Bryan Hughes and Rep. Chris…
Category: real estate news
Why 2021 Is Still the Year To Sell Your House
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 Mae’s recent Home Purchase Sentiment Index (HPSI) reveals the number of respondents who say it’s a good time to sell is higher now than it was over the past few summers (see graph below). Today, the majority of consumers,…
A Look at Home Price Appreciation and What It Means for Sellers
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 let’s look past the dollar signs and dive deeper…
The Best Use of Time (and Money) When It Comes to Renovations
In the current sellers’ market, many homeowners wonder what, if anything, needs to be remodeled before they list their house. That’s where a trusted real estate professional comes in. They can help you think through today’s market conditions and how they impact what you should – and shouldn’t – renovate before selling. Here are some…
The Truths Young Homebuyers Need To Hear
For many young or first-time homebuyers, purchasing a home can feel intimidating. A recent survey shows some homebuyers ages 25 to 40 may be unsure about the homebuying process and what they can afford. It found: “1 in 4 underestimated their buying potential by $150k or more” “1 in 4 underestimated the increase in value by $100k…
How Buyers Can Compete in Hot North Texas Housing Market
North Texas Real Estate Information Systems found median home sales prices shot up 26% from last May Nearly 75,000 people moved to North Texas in 2020, at a time when supply chain issues and the soaring cost of lumber slowed the construction of new homes. “A lot of people, when they think of buying a…
A Look at Home Price Appreciation Through 2025
Home prices have increased significantly over the last year, which in turn has grown the net worth of homeowners. Appreciation and home equity are directly linked – as the value of a home increases, so does a homeowner’s equity. And with these recent gains, homeowners are witnessing their financial stability and well-being grow to record levels. In…
Home Price Appreciation Is as Simple as Supply and Demand
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…
Competitive Buyers Market
This is really a strange market. It’s a tough market for buyers right now. I’ll be the first to tell you, if you’re trying to buy a home, it’s tough. And I understand that. There are so few homes on the market right now that when a good home comes on it’s like ants on…