Fort Bend County, TX Real Estate News

By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
If You're Selling Your House This Summer, Hiring a Pro Is CriticalIt can be tempting, especially with how hot the housing market has been over the past two years, to consider selling your home on your own. But todays market is at a turning point, making it more essential than ever to work with a real estate professional.Not only will a trusted real estate advisor keep you updated and help you make the best decisions based on current market trends, but theyre also experts in managing the many aspects of selling your house.Here are five key reasons why working with a real estate professional makes sense today.1. A Professional Follows the Latest Market TrendsWith higher mortgage rates, rising home prices, and a growing number of homes for sale, todays housing market is showing signs of a ...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
The Average Homeowner Gained 64K in Equity over the Past Year If you own a home, your net worth likely just got a big boost thanks to rising home equity. Equity is the current value of your home minus what you owe on the loan. And today, based on recent home price appreciation, you're building that equity far faster than you may expect here's how it works.Because there's an ongoing imbalance between the number of homes available for sale and the number of buyers looking to make a purchase, home prices are on the rise. That means your home is worth more in todays market because its in high demand. As Patrick Dodd, President and CEO of CoreLogic, explains:Price growth is the key ingredient for the creation of home equity wealth. . . . This has led to the largest one-year gain in average h...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Things To Avoid After Applying for a Home LoanOnce you've applied for a mortgage to buy a home, there are some key things to keep in mind. While its exciting to start thinking about moving in and decorating, be careful when it comes to making any big purchases. Here are a few things you may not realize you need to avoid after applying for your home loan.Don't Deposit Large Sums of Cash Lenders need to source your money, and cash isn't easily traceable. Before you deposit any amount of cash into your accounts, discuss the proper way to document your transactions with your loan officer.Don't Make Any Large Purchases Its not just home-related purchases that could disqualify you from your loan. Any large purchases can be red flags for lenders. People with new debt have higher debt-to-income...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Homeownership Is a Great Hedge Against the Impact of Rising InflationIf you're following along with the news today, you've heard about rising inflation. Today, inflation is at a 40-year high. According to the National Association of Home Builders (NAHB):Consumer prices accelerated again in May as shelter, energy and food prices continued to surge at the fastest pace in decades. This marked the third straight month for inflation above an 8% rate and was the largest year-over-year gain since December 1981.With inflation rising, you're likely feeling it impact your day-to-day life as prices go up for gas, groceries, and more. These climbing consumer costs can put a pinch on your wallet and make you re-evaluate any big purchases you have planned to ensure they're still worthwhile.If you've ...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
New to Gardening? Tips for Success!Having a garden is a great way to enjoy the outdoors while also getting some delicious fresh-grown fruits and vegetables for your meals. The thing is, if you’ve never maintained a garden before then you might not realize just how much work goes into it as well. You need to consider the type of soil you have, the amount of sunlight your plants receive, how often different plants need water… you even have to think about what sort of things to plant and when to plant them! For newcomers to gardening, it can be pretty overwhelming.That doesn’t mean that it’s not worth doing, of course. You just need to be sure to garden smarter, not harder. A lot of work goes into a successful garden, and a decent portion of that work involves figuring out how to maintain ...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Why an Agent Is Essential When Pricing Your House Some Highlights When it comes to pricing your house, there's a lot to consider. The only way to ensure you price it right is by partnering with a local real estate professional. To find the best price, your agent balances current market demand, the values of homes in your neighborhood, where prices are headed, and your homes condition. Don't pick just any price for your house. If you're ready to sell, lets connect to find the perfect price for your house.     
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
More Americans Choose Real Estate as the Best Investment Than Ever BeforeAmericans opinion on the value of real estate as an investment is climbing. Thats according to an annual survey from Gallup. Not only is real estate viewed as the best investment for the ninth year in a row, but more Americans selected it than ever before.The graph below shows the results of the survey since Gallup began asking the question in 2011. As the trend lines indicate, real estate has been gaining ground as the clear favorite for almost a decade now:If you're thinking about purchasing a home, let this poll reassure you. Even when inflation is high like today, Americans recognize owning a home is a powerful financial decision.How an Investment in Real Estate Can Benefit You During High Inflation Because inf...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Is the Housing Market Correcting?If you’re following the news, all of the headlines about conditions in the current housing market may leave you with more questions than answers. Is the boom over? Is the market crashing or correcting? Heres what you need to know.The housing market is moderating compared to the last two years, but what everyone needs to remember is that the past two years were record-breaking in nearly every way. Record-low mortgage rates and millennials reaching peak homebuying years led to an influx of buyer demand. At the same time, there weren't enough homes available to purchase thanks to many years of underbuilding and sellers who held off on listing their homes due to the health crisis.This combination led to record-high demand and record-low supply, and that wasn...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
A Majority of Consumers Say Its a Good Time To Sell Your HouseIf you're a homeowner thinking about selling your house, you're probably looking for the best time to make your move. That means you're likely balancing a number of factors, like your changing needs, where you'll go when you sell, and todays mortgage rates in order to time it just right.According to recent data, that sweet spot could already be here. The latest Home Purchase Sentiment Index (HPSI) by Fannie Mae finds that 76% of consumers believe now is a good time to sell.The graph below shows the percentage of survey respondents who say its a good time to sell a house. The big dip in March and April of 2020 reflects how consumer sentiment dropped at the beginning of the pandemic as uncertainty about the health crisis grew. ...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Home Price Deceleration Doesn't Mean Home Price DepreciationExperts in the real estate industry use a number of terms when they talk about what’s happening with home prices. And some of those words sound a bit similar but mean very different things. To help clarify what’s happening with home prices and where experts say they’re going, here's a look at a few terms you may hear: Appreciation is when home prices increase. Depreciation is when home prices decrease. Deceleration is when home prices continue to appreciate, but at a slower pace. Where Home Prices Have Been in Recent YearsFor starters, you've probably heard home prices have skyrocketed over the past two years, but homes were actually appreciating long before that. You might be surprised to learn that home prices have climbed fo...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Reducing DIY Project WasteThere are a number of reasons why you might choose to take on a DIY project. You may decide to do something yourself because you think it will be an easy project, or because you enjoy working with your hands. You might even consider doing a DIY project because you think it would save you a lot of money over hiring a professional to do the same thing. Regardless of your reasoning, there’s one thing about DIY that a lot of project guides and instruction sets leave out: what to do with everything that’s left over once you’re done with the project.DIY waste can be a real concern, since depending on the project there might be a lot of waste produced. Given the nature of the materials involved with most DIY projects, you shouldn’t just throw away everything that you ...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
More Listings Are Coming onto the Market Some Highlights Worried you wont be able to find your next home after you sell? You should know data from realtor.com shows more listings are coming onto the market each month this year. Having additional options can make the search for your next home. But inventory is still low overall, which means your house should still stand out when you sell. If your biggest question is where you'll go if you sell, take this as encouraging news. Lets connect to start the process today.    
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Why You Need an Expert To Determine the Right Price for Your HouseIf your lifestyle has changed recently and you're ready to make a move, taking advantage of todays sellers market might be just the answer for your summer plans. With homes continuing to get multiple offers, this could be your moment to get the contract you're looking for on your house if you're ready to sell.And here's the thing you need an expert on your side to ensure you make all the right moves when you do, especially when it comes to pricing your house. Even in this competitive market, you cant stick just any price tag on your home and get the deal you want. A key piece of the puzzle is setting the right asking price so you can help buyers notice your home (and get excited about it) from the very first time they vie...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Why the Growing Number of Homes for Sale Is Good for Your Move UpAre you thinking about selling your current home? If so, the biggest question on your mind may be: if I sell now, where will I go? If this resonates with you, there's something you should know. The number of homes coming onto the market is increasing and that could make it easier for you to move up this summer.According to the latest data from realtor.com, the number of homes being listed for sale, known as new listings, has increased consistently this year (see graph below):While this news has clear benefits for buyers who are craving more options for their home search, what does that mean for current homeowners like you? It gives you two distinct opportunities in todays housing market.Opportunity #1: Take Advantage of Mo...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
What Are the Best Options for Todays First-Time Homebuyers?If you're looking to buy your first home, youre likely balancing several factors. Because both mortgage rates and home prices have risen this year, it costs more to buy a home than it did even just a few months ago. But that doesnt mean you have to put your plans on hold.If you partner with a trusted real estate advisor and hone your strategy, you can navigate todays market and find the home you're looking for. Here are two tips to help you get started.Work with a Professional To Prioritize Your Wish ListIf you're having trouble finding a home in your budget that checks all the boxes, it may be worth taking another look at your lists of what you want and what you really need. According to the latest First-Time Homebuyer Metro Af...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Luxury Homes Are in High DemandAs people realize their needs are changing, some are turning to luxury housing to find their dream home. Investopedia helps define what pushes a home into this category. In a recent article, they point out that a luxury home isn't only defined by its price. Location is also an important factor. It could be a condo at a desirable city address, a spacious home on the water, or one with access to luxury activities like arts and entertainment, high-end shopping and dining, and more. The home itself will also boast some of the finest features available.According to the Luxury Market Report from the Institute for Luxury Home Marketing, there's been a substantial increase in how many buyers are purchasing luxury homes over the past two years. It says:. . . North ...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Carving Out Your Home Office SpaceWhen COVID-19 emerged, a lot of employers realized the advantage of allowing at least some employees to work from home. Not only can it act as a benefit for employees, but it can also help to reduce the cost of stocking and maintaining a physical office space. As a result, the number of people working in home offices has increased significantly over the last few years. This trend will likely continue as well, since companies are realizing that many employees like a work-from-home option and are actively seeking out WFH positions.While there are definite advantages to this, it does bring up one potential problem: If your home wasn’t designed with a home office in mind, where are you going to put it? While some people solve this problem by just sticking a...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
The Top Reasons To Own Your HomeSome Highlights June is National Homeownership Month, and its a great time to consider the benefits of owning your own home. If you're considering homeownership, know that it can give you privacy, comfort, and a place to express yourself. It can also provide financial stability and help you grow your net worth. Are you ready to experience all the great benefits that come from purchasing a home? Lets connect to begin the process today.     
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
What Does the Rest of the Year Hold for the Housing Market?If you're thinking of buying or selling a house, you're at an exciting decision point. And anytime you make a big decision like that, one thing you should always consider is timing. So, what does the rest of the year hold for the housing market? Here's what experts have to say.The Number of Homes Available for Sale Is Likely To GrowThere are early signs housing inventory is starting to grow and experts say that should continue in the months ahead. According to Danielle Hale, Chief Economist at realtor.com:The gap between this years homes for sale and last years is one-fifth the size that it was at the beginning of the year. The catch up is likely to continue, . . . This growth will mean more options for shoppers than they've had...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Why Home Loans Today Aren't What They Were in the PastIn todays housing market, many are beginning to wonder if were returning to the riskier lending habits and borrowing options that led to the housing crash 15 years ago. Lets ease those concerns.Several times a year, the Mortgage Bankers Association (MBA) releases an index titled the Mortgage Credit Availability Index (MCAI). According to their website:The MCAI provides the only standardized quantitative index that is solely focused on mortgage credit. The MCAI is . . . a summary measure which indicates the availability of mortgage credit at a point in time.Basically, the index determines how easy it is to get a mortgage. The higher the index, the more available mortgage credit becomes. Here's a graph of the MCAI dating back to 2004, ...
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