market trends: What is the real estate market like in Sugar Land, Texas? - 01/16/24 09:25 AM
What is the real estate market like in Sugar Land, Texas?December 2023?When it comes to buying or selling a property, understanding the current real estate market is crucial. Let's dive into some key real estate metrics that can help both buyers and sellers make informed decisions.
First, let's look at the Months Supply of Inventory, which is currently at 1.88. This metric represents the number of months it would take to sell all the homes on the market at the current pace of sales. A lower number indicates a seller's market, where demand exceeds supply, while a higher number suggests a buyer's … (3 comments)

market trends: What is the real estate market like in Rosenberg, Texas - 01/16/24 09:01 AM
In the real estate market, there are several key metrics that buyers and sellers should be aware of in order to make informed decisions. Let's take a closer look at the correlation between these metrics to understand the current state of the market.
Firstly, let's focus on the "Months Supply of Inventory," which is currently at 2.52. This metric measures the number of months it would take to sell all the available homes on the market, assuming no new listings are added. A low number, such as 2.52, indicates a seller's market, where demand for housing exceeds supply. This means that buyers … (4 comments)

market trends: What is the real estate market like in Richmond, Texas? - 01/16/24 08:37 AM
What is the real estate market like in Richmond, Texas?December 2023When it comes to evaluating the real estate market, several metrics play a crucial role in understanding its dynamics. For buyers and sellers, understanding these metrics can help them make informed decisions. Let's dive into the correlation between the following real estate metrics: Months Supply of Inventory, 12-Month Change in Months of Inventory, Median Days Homes are On the Market, List to Sold Price Percentage, and Median Sold Price.
First, let's examine the Months Supply of Inventory, which currently stands at 2.24. This metric represents the number of months it would take … (4 comments)

market trends: What Does the Future Hold for Home Prices? - 10/31/21 06:23 AM
If you're looking to buy or sell a house, chances are you've heard talk about todays rising home prices. And while this increase in home values is great news for sellers, you may be wondering what the future holds. Will prices continue to rise with time, or should you expect them to fall?
To answer that question, lets first understand a few terms you may be hearing right now.
Appreciation is an increase in the value of an asset. Depreciation is a decrease in the value of an asset. Deceleration is when something happens at a slower pace. Its important to note … (4 comments)

market trends: What Do Past Years Tell Us About Todays Real Estate Market? - 10/16/21 06:34 AM
 
As you follow the news, you're likely seeing headlines discussing what's going on in todays housing market. Chances are high that some of the more recent storylines you've come across mention terms like cooling or slowing when talking about where the market is headed.
But what do these terms mean? The housing market today is anything but normal, and its still an incredibly strong sellers market, especially when compared to the few years leading up to the pandemic. With that in mind, what can previous years tell us about todays real estate market and if its truly slowing?
Were Still Seeing an Above … (3 comments)

market trends: Your Agent Is Key When Pricing Your House - 09/06/21 06:24 AM

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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market trends: Housing Supply Is Rising. What Does That Mean for You? - 07/20/21 07:27 AM
An important factor in todays market is the number of homes for sale. While inventory levels continue to sit near historic lows, there are indications we may have hit the lowest point well see. Odeta Kushi, Deputy Chief Economist at First American, recently said of our supply challenges:
It looks like inventory may have hit a bottom (we've seen this in the higher frequency data as well). Unsold inventory in May was at 2.5 months supply, up from 2.4.
To put it into perspective, the graph below shows levels of inventory rising since the beginning of the year:Were still not close to a … (1 comments)

market trends: How Much Leverage Do Todays House Sellers Have? - 03/14/21 06:55 AM
The housing market has been scorching hot over the last twelve months. Buyers and their high demand have far outnumbered sellers and a short supply of houses. According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), sales are up 23.7% from the same time last year while the inventory of homes available for sale is down 25.7%. There are 360,000 fewer single-family homes for sale today than there were at this time last year. This increase in demand coupled with such limited supply is leading to more bidding wars throughout the country.
Rose Quint, Assistant Vice … (1 comments)

market trends: Don't Let Buyer Competition Keep You from Purchasing a Home - 01/12/21 06:20 AM
This years record-low mortgage rates sparked high demand among homebuyers. Current homeowners, however, haven't put their houses on the market so quickly. This makes finding a home to buy today challenging for many potential buyers. With an obstacle like this, those searching for their dream homes may be pressing pause on their searches as we approach the end of the year, but that could be a big mistake for many hopeful house hunters. Here's why.
According to the most recent Housing Trends Report from the National Association of Home Builders (NAHB):
The length of time spent searching for a home continues to grow.
The … (1 comments)

market trends: Chances of Another Foreclosure Crisis? About Zero Percent - 01/07/21 03:30 PM
There seems to be some concern that the 2020 economic downturn will lead to another foreclosure crisis like the one we experienced after the housing crash a little over a decade ago. However, there's one major difference this time: a robust forbearance program.
During the housing crash of 2006-2008, many felt homeowners should be forced to pay their mortgages despite the economic hardships they were experiencing. There was no empathy for the challenges those households were facing. In a 2009 Wall Street Journal article titled Is Walking Away From Your Mortgage Immoral?, John Courson, Chief Executive of the Mortgage Bankers Association, was … (3 comments)

 
Shayne Stone, "Your Rock Solid Choice Realtor" RETIRED (HomeSmart)

Shayne Stone

"Your Rock Solid Choice Realtor" RETIRED

Fulshear, TX

More about me…

HomeSmart

Address: PO Box 382, Richmond, TX, 77406

Mobile: 832-449-6061



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