north texas homes for sale: 3 Charts That Scream ‘List Your Home Today’ - 03/22/16 03:29 AM

n school we all learned the Theory of Supply and Demand. When the demand for an item is greater than the supply of that item, the price will surely rise.
SUPPLYThe National Association of Realtors (NAR) recently reported that the inventory of homes for sale stands at a 4.4-month supply. This is considerably lower than the 6-month inventory necessary for a normal market.
DEMAND
Every month NAR reports on the amount of buyers that are actually out in the market looking for homes, or foot traffic. As seen in the graph below, buyer demand in February significantly outpaced the last six months.
Many buyers are being confronted with a very competitive … (0 comments)

north texas homes for sale: Gorgeous home in gated El dorado Lakes! Hand-scraped hardwoods & stone floors! Formals! Large family room-custom stone gas log Fire Place. $359,900 1709 WATERSEDGE DRIVE MCKINNEY, TX - 03/21/16 05:43 AM

$359,900 1709 WATERSEDGE DRIVE MCKINNEY, TXMLS: 13328333   Type: Single Family   County: Collin   City: Mckinney   Area: Mckinney Area  Neighborhood: Eldorado Lakes   Zip: 75070   Style: Traditional   # Rooms: 11    Stories: 2   Taxes: $7,939
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north texas homes for sale: This beautiful 1.5 story Beazer built home offers 3 bdrms, 2 baths. The home offers hardwood flooring plus a 3 car tandem garage with fully organized work area. $339,000 7400 ELM FORK DRIVE MCKINNEY, TX - 03/21/16 04:33 AM

$339,000 7400 ELM FORK DRIVE MCKINNEY, TXMLS: 13337394   Type: Single Family   County: Collin   City: Mckinney   Area: Mckinney Area  Neighborhood: Trinity Falls Planning Unit 1 #1b   Zip: 75071   Style: Traditional   # Rooms: 10    Stories: 2  Taxes: $1,127
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north texas homes for sale: Very well maintained. Gated community with amenities $275,000 3075 WILLOW GROVE BOULEVARD, UNIT 2203 MCKINNEY, TX - 03/21/16 03:38 AM

$275,000 3075 WILLOW GROVE BOULEVARD, UNIT 2203 MCKINNEY, TXMLS: 13328369   Type: Condos   County: Collin   City: Mckinney   Area: Mckinney Area   Neighborhood:Villas At Willow Grove   Zip: 75070   Style: Traditional   # Rooms: 7    Stories: 1   Taxes: $5,258
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north texas homes for sale: SPECTACULAR home with POOL in sought after Whiffletree. EXEMPLARY schools! $429,900 7221 HARVEY LANE PLANO, TX - 03/21/16 02:45 AM

$429,900 7221 HARVEY LANE PLANO, TXMLS: 13339599   Type: Single Family   County: Collin   City: Plano   Neighborhood: Whiffletree #5   Zip:75025   Style: Traditional   # Rooms: 9    Stories: 2   Taxes: $7,691
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north texas homes for sale: Market Watch: The Importance of Using an Agent To Sell Your House - 03/21/16 02:27 AM

When a homeowner decides to sell their house, they obviously want the best possible price with the least amount of hassles. However, for the vast majority of sellers, the most important result is to actually get the home sold.
In order to accomplish all three goals, a seller should realize the importance of using a real estate professional. We realize that technology has changed the purchaser’s behavior during the home buying process. For the past three years, 92% of all buyers have used the internet in their home search according to the National Association of Realtors’ most recent Profile of Home Buyers & Sellers.
However, the … (3 comments)

north texas homes for sale: PRIME location! Low maintenance lifestyle with sophisticated interior finish. Entry with hardwood floors that carry through the kitchen and nook area. $239,900 8508 HUNTERS TRACE LANE PLANO, TX - 03/18/16 09:37 AM

$239,900 8508 HUNTERS TRACE LANE PLANO, TXMLS: 13331338   Type: Single Family   County: Collin   City: Plano   Neighborhood: Pasquinellis Hidden Creek #2   Zip: 75024  Style: Residential-Single Family   # Rooms: 7    Stories: 2   Taxes: $3,934
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(5 comments)

north texas homes for sale: The Mortgage Process: What You Need To Know - 03/18/16 09:16 AM

Some Highlights: Many buyers are purchasing a home with a down payment as little as 3%. You may already qualify for a loan, even if you don't have perfect credit. Take advantage of the knowledge of your local professionals who are there to help you determine how much you can afford. Like us on Facebook: The Kimberly Davis Group
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north texas homes for sale: Beautiful 2-story home in Woodbridge, close to pools & playground. 4BR 3BA $360,000 4508 MEADOWVIEW LANE SACHSE, TX - 03/17/16 05:38 AM

$360,000 4508 MEADOWVIEW LANE SACHSE, TXMLS: 13330464   Type: Single Family   County: Collin   City: Sachse   Area: Wylie Isd   Neighborhood:Woodbridge #8   Zip: 75048   Style: Traditional   # Rooms: 11    Stories: 2   Taxes: $8,217
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(2 comments)

north texas homes for sale: FRISCO ISD!Great 4 bedroom floorplan in desirable Sunset Pointe! Large backyard and patio. $299,900 2837 STARSHINE DRIVE LITTLE ELM, TX - 03/17/16 05:09 AM

$299,900 2837 STARSHINE DRIVE LITTLE ELM, TXMLS: 13337291   Type: Single Family   County: Denton   City: Little Elm   Area: Denton County South Of 380   Neighborhood: Sunset Pointe Ph 4   Zip: 75068   Style: Traditional   # Rooms: 10    Stories: 2   Taxes:$5,885
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north texas homes for sale: Lack of Inventory Challenging Many Housing Markets - 03/17/16 03:51 AM

 
Going into the 2016 spring market, the biggest challenge the real estate industry has is the lack of available housing inventory for sale. Here are a few experts and their thoughts on the subject:
David Crowe, Chief Economist for the National Association of Home Builders:“Many sellers may not have an absolute decision as to whether to buy an existing home or a new home. So the low inventory of existing homes is locking them in place.”
Ralph McLaughlin, Chief Economist with Trulia:“We are in a time of short supply, which is great news for sellers because they will likely be faced with multiple … (0 comments)

north texas homes for sale: Market Watch: The Main Reason to Use a Real Estate Professional when Selling Your House - 03/16/16 07:19 AM

Every homeowner hopes to accomplish five goals when selling their home:
Sell it for the best price Sell it within a predetermined time Sell it with the least amount of hassles Close on the sale the same day they move into their new home The fifth reason is the most obvious and the most important:
They want to make sure it sells.In order to dramatically increase the chances that the house sells, a homeowner should list with a real estate professional in their market. Why? Because agents have access to the vast majority of the available buyers!!
According to the National Association of Realtors’ (NAR) recently … (0 comments)

north texas homes for sale: This home built by Grand Homes has 5 bedrooms (MBR & l other bedroom downstairs with bath or study), 3 bedrooms & 2 baths upstairs plus large gameroom & media room. $464,900 1687 SANDSTONE DRIVE FRISCO, TX - 03/16/16 07:02 AM

$464,900 1687 SANDSTONE DRIVE FRISCO, TXMLS: 13319493   Type: Single Family   County: Denton   City: Frisco   Area: Denton County East   Neighborhood: Lakeside At Lone Star Ranch   Zip: 75034   Style: Residential-Single Family     Stories: 2   Taxes: $8,942
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north texas homes for sale: 4BR Wonderful home in much sought after area of Hillcrest Estates featuring jogging trails and 3 catch and release ponds. Exemplary Frisco ISD. $295,000 11012 BLUE BAY DRIVE FRISCO, TX - 03/16/16 01:09 AM

$295,000 11012 BLUE BAY DRIVE FRISCO, TXMLS: 13325931   Type: Single Family   County: Collin   City: Frisco   Neighborhood: Hillcrest Estates #2-7   Zip: 75035   Style:Residential-Single Family   # Rooms: 10    Stories: 1   Taxes: $5,269
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(5 comments)

north texas homes for sale: 4 bedroom, 2 bath, single story on large lot was built by Grand Homes, located among much pricier homes. $369,900 1527 JAMISON DRIVE ALLEN, TX - 03/15/16 05:17 AM

$369,900 1527 JAMISON DRIVE ALLEN, TXMLS: 13327873   Type: Single Family   County: Collin   City: Allen   Area: Allen Area   Neighborhood: Cumberland Crossing #2  Zip: 75013   Style: Traditional   # Rooms: 10    Stories: 1   Taxes: $9,040
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(3 comments)

north texas homes for sale: Gap Between Homeowner’s & Appraiser’s Opinions Widen - 03/15/16 04:27 AM

In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. One major challenge in such a market is the bank appraisal.
If prices are surging, it is difficult for appraisers to find adequate, comparable sales (similar houses in the neighborhood that closed recently) to defend the price when performing the appraisal for the bank.
Every month, Quicken Loans measures the disparity between what a homeowner believes their house is worth as compared to an appraiser’s evaluation in their Home Price Perception Index (HPPI). Here is a chart showing that difference for each of the last 12 months.
The gap between the … (0 comments)

north texas homes for sale: SPECTACULAR custom home in PRIME West Plano location! Elegant vaulted entry with Exquisite trim work throughout. $464,900 3700 EDGESTONE DRIVE PLANO, TX - 03/14/16 06:56 AM

$464,900 3700 EDGESTONE DRIVE PLANO, TXMLS: 13331404   Type: Single Family   County: Collin   City: Plano   Neighborhood: Glenhollow Estates #2   Zip: 75093   Style:Traditional   # Rooms: 12    Stories: 2   Taxes: $8,615
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(5 comments)

north texas homes for sale: Market Watch: What If I Wait Until Next Year To Buy A Home? - 03/14/16 02:12 AM

As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As either a first-time or repeat buyer, you must not be concerned only about price but also about the ‘long term cost’ of the home.
Let us explain.There are many factors that influence the ‘cost’ of a home. Two of the major ones are the home’s appreciation over time, and the interest rate at which a buyer can borrow the funds necessary to purchase their home. The rate at which these two factors can change is often referred to as “The Cost of Waiting”.
What … (0 comments)

north texas homes for sale: PRIME location in FRISCO minutes from retail and restaurants! Low maintenance with beautiful curb appeal. Vaulted entry with open and spacious floor plan. $255,000 8616 ROBERT STREET FRISCO, TX - 03/11/16 10:20 AM

$255,000 8616 ROBERT STREET FRISCO, TXMLS: 13336002   Type: Single Family   County: Collin   City: Frisco   Neighborhood: Villages Of Hillcrest   Zip: 75035   Style:Traditional   # Rooms: 8    Stories: 2   Taxes: $2,072
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(2 comments)

north texas homes for sale: Don't forget" The Difference An Hour Makes This Spring - 03/11/16 09:58 AM

Some Highlights: Sunday, March 13th, we "Spring Forward" one hour for Daylight Savings Time (except for our friends in HI & AZ). Every hour in the United States, 624 homes will sell and 118 homes will regain positive equity. The median home value will also increase each hour in the United States by $1.84. Like us on Facebook: The Kimberly Davis Group
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