NE TEXAS Real Estate News

A 365 Day Difference in Homeownership

A 365 Day Difference in
Homeownership | MyKCM

Over the past year, mortgage rates have fallen more than a full percentage point. This is a great driver for homeownership, as today's low rates provide consumers with some significant benefits. Here's a look at three of them:

  1. Refinance: If you already own a home, you may want to decide if you're going to refinance. It's one way to lock in a lower monthly payment and save substantially over time, but it also means paying upfront closing costs too. You have to answer the question: Should I refinance my home?
  2. Move-up or Downsize: Another option is to consider moving into a new home, putting the equity you've likely gained in your current house toward a down payment on a new one that better meets your needs – something that's truly a perfect fit for your family.
  3. Become a First-Time Homebuyer: There are many financial and non-financial benefits to owning a home, and the most important thing is to first decide when the time is right for you. You have to determine that on your own, but know that now is a great time to buy if you're considering it. Just take a look at the cost of renting vs. buying

Why 2019 Was a Great Year for Homeownership

Last year at this time, mortgage rates were 4.63% (substantially higher than they are today). If you're one who waited for a better time to make a move, market conditions have improved significantly. Today's low mortgage rates combined with increasing wages are making homes much more affordable than they were just one year ago, so it's a great time to get more for your money and consider a new home.

The chart below shows how much you would save based on today's rates, compared to what you would have paid if you purchased a house exactly one year ago, depending on how much you finance.A 365
Day Difference in Homeownership | MyKCM

Bottom Line

If you've been waiting since last year to make your move into homeownership, or to find a house that better meets your needs, today's low mortgage rates may be just what you need to get the process going. Let's get together to discuss how you can benefit from the current rates.

Posted in:General and tagged: Home Owner Tipsbuyingahome
Posted by NE TEXAS REALTY GROUP on January 14th, 2020 2:01 PM

Be on the Lookout for Gen Z: The Next Generation of Homebuyers

Be on the Lookout for Gen Z: The Next Generation of Homebuyers | MyKCM

You’ve likely heard a ton about Millennials, but what about Gen Z? In the next 5 years, this generation will be between the ages of 23 and 28, and they’re eager to become homeowners faster than you may think.

According to realtor.com,Nearly 80 percent of Generation Z members say they want to own a home before age 30,” and Concentrix Analytics said, “52% of prospective Gen Z buyers are already saving to buy a home.”

Wikipedia defines Generation Z (Gen Z) as “the demographic cohort after the Millennials. Demographers and researchers typically use the mid-1990s to mid-2000s as starting birth years.”

The report from Concentrix goes a little deeper on Gen Z, identifying the main reasons this cohort wants to own homes:

  • 55% want to own a home because they want to start a family
  • 47% want to build wealth over time
  • 33% want to make their family proud

Although they’re eager to buy, this generation also perceives a few challenges ahead:

  • 66% believe saving for a down payment and closing costs will be challenging
  • 58% feel covering the monthly costs of owning may be difficult
  • 52% perceive a lack of knowledge about where to start

It is also interesting to note that 21% of Gen Zers think their parents will provide financial help, 17% will use a down payment assistance program, and 15% believe other family members will help them. One of the highlights of the report mentioned,

“More than half of Gen Zers who think they’ll receive help also think they will need to pay their parents back, compared to 40 percent of millennials.”

Bottom Line

It is never too early to start saving for your own home, whether you are part of Gen Z or a different generation. If you would like to know where to start and how much you need to save to reach your goal of buying a home, let’s get together so you can better understand the process.

Posted by NE TEXAS REALTY GROUP on January 9th, 2020 1:54 PM

3 Signs the Housing Market Is on the Rebound

3 Signs the Housing Market Is on the Rebound | MyKCM

The residential real estate market has been plodding along for most of the year. However, three recent reports show the market may be on the verge of a rebound:

1. Existing Home Sales (closed sales) are up, marking two consecutive months of growth.

2. Pending Home Sales (contracts signed) are up with each of the four major regions reporting both month-over-month growth and year-over-year gains in contract activity. Here is the month-over-month growth:

  • The Northeast rose 0.7%
  • The Midwest increased 0.6%
  • The South increased 1.4%
  • The West grew 3.1%

3. Buyer Traffic (the number of people shopping for a home) is up compared to the same time last year, and for the first time in 13 months.

  • The Northeast is up 5.9%
  • The Midwest increased 1.3%
  • The South is up 2.7%
  • The West grew 2.2%

In their most recent report, ShowingTime Chief Analytics Officer, Daniil Cherkasskiy explained:

“The trend we saw in year-over-year buyer traffic in previous months continued across the United States. For all four regions there were more showings per listing this year compared to last year, making it the most competitive August in the last five years.”

Lawrence Yun, Chief Economist with the National Association of Realtors, believes the uptick in activity will continue into the future:

“It is very encouraging that buyers are responding to exceptionally low interest rates…With interest rates expected to remain low, home sales are forecasted to rise in the coming months and into 2020.”

Bottom Line

If you are thinking about selling your house, there are purchasers out there who are ready, willing, and able to buy.

Posted by NE TEXAS REALTY GROUP on January 3rd, 2020 9:52 AM

What is the Best Investment for Americans?

What is the Best Investment
for Americans? | MyKCM

Some are reporting that there is trepidation regarding the real estate market in the United States. Apparently, the American people are quite comfortable.

Porch.com, a major network helping homeowners with their renovation projects, recently conducted a survey which asked Americans:

What do you believe is the safest investment over the next 10 years?

U.S. housing came in at number one, beating out other investments such as gold, stocks, bonds, and savings.

Here is a graph showing the top five investments Americans selected:What
is the Best Investment for Americans? | MyKCMThe findings of the Porch.com survey also coincide with two previous surveys done earlier this year:

  1. The Federal Reserve Bank's 2019 Consumer Expectations Housing Survey reported that 65% of Americans believe homeownership is a good financial investment, and that the percentage has increased in each of the last four years.
  2. The Gallup survey showed that Americans have picked real estate as the best investment for six straight years.

Bottom Line

Based on all three surveys done this year, we can see that Americans still believe in homeownership as a great investment, and that feeling continues to grow.

Posted by NE TEXAS REALTY GROUP on December 27th, 2019 4:56 PM

The Biggest Issue Facing Housing Next Year

The Biggest Issue Facing
Housing Next Year | MyKCM

This coming year the housing market will be defined by 3 things- inventory, interest rates, and appreciation. But the biggest issue the housing market will face in 2020 is an inventory shortage. There aren't enough homes on the market for buyers, especially on the lower end of the market. This is a topic that has come up frequently within the past several months.

Based on what is forecasted, we know that interest rates are projected to remain low and that appreciation is expected to continue as we move into 2020. Additionally, the upcoming election will provoke many unique perspectives on the health of the US housing market. The challenge will be understanding what is actually happening and how you can best position yourself if you are thinking of buying or selling your home.

Here are several perspectives to consider on the inventory issue facing housing next year:

According to realtor.com:

Despite increases in new construction, next year will once again fail to bring a solution to the inventory shortage that has plagued the housing market since 2015. Inventory could reach a historic low as a steady flow of demand, especially for entry level homes, and declining seller sentiment combine to keep a lid on sales transactions.

Diana Olick at CNBC:

Inventory has been falling annually for five straight months, after it recovered slightly toward the end of last year, due to a spike in mortgage rates. Rates began falling again by spring of this year. Homebuilders have been increasing production slowly, but it's not enough to meet the increasingly strong demand.

George Ratiu, Senior Economist with realtor.com

“As millennials — the largest cohort of buyers in U.S. history — embrace homeownership and take advantage of this year’s unexpectedly low mortgage rates, demand is outstripping supply, causing inventory to vanish. The housing shortage is felt acutely at the entry-level of the market, where most millennials are looking to break into the market for their first home.”

Bottom Line

The most important thing you can do is understand what is happening in your local market. You may not be able to avoid some of the issues brought on by low inventory, but you can be educated and prepared. Let's connect and discuss the options that make the most sense for you and your family.

Posted by NE TEXAS REALTY GROUP on December 27th, 2019 4:56 PM

Is A Bigger House Within Your Budget?

Is A Bigger House Within Your
Budget? | MyKCM

At this time of year, many families come together to celebrate the season. It's also the time when many realize their homes are just not quite big enough to host all of their guests and loved ones. Are you one of those homeowners dreaming for a larger space to call home?

You may have enough equity in your current home to move up.

According to the Q3 2019 U.S. Home Equity & Underwater Report by ATTOM Data Solutions,

14.4 million residential properties in the United States were considered equity rich, meaning that the combined estimated amount of loans secured by those properties was 50 percent or less of their estimated market value.

This means that one in four of the 54 million mortgaged homes in the U.S. have at least 50% equity. If these homeowners decide to sell, they can use their equity to put toward the purchase of a new home. Maybe you'll be one of them.

NAR recently released their 2019 Profile of Home Buyers and Sellers showing that,

This year, home sellers cited that they sold their homes for a median of $60,000 more than they purchased it, up from $55,500 the year prior. This accounted for a 31 percent price gain, up from 29 percent the year before.

Here's the equity gain breakdown based on the number of years these sellers lived in their homesIs A
Bigger House Within Your Budget? | MyKCM

Bottom Line

If you're one of the many homeowners with big dreams of owning a larger home, let's get together. Working with a trusted advisor to find out how much equity you have is a great first step in putting your move-up plan in motion.

Posted by NE TEXAS REALTY GROUP on December 19th, 2019 4:10 PM

Is Your House "Priced to Sell Immediately"?

Is Your House “Priced to Sell Immediately”? | MyKCM

In today’s real estate market, more houses are coming to market every day. Eager buyers are searching for their dream homes, so setting the right price for your house is one of the most important things you can do.

According to CoreLogic’s latest Home Price Index, home values have risen at over 6% a year over the past two years, but have started to slow to 3.6% over the last 12 months. By this time next year, CoreLogic predicts home values will be 5.4% higher.

With prices slowing from their previous pace, homeowners must realize that pricing their homes a little over market value to leave room for negotiation will actually dramatically decrease the number of buyers who will see their listing (see the chart below).Is Your House “Priced to Sell Immediately”? | MyKCMInstead of the seller trying to ‘win’ the negotiation with one buyer, they should price their house so demand for the home is maximized. By doing so, the seller will not be negotiating with a buyer over the price, but will instead have multiple buyers competing with each other over the house.

The secret is making sure your house is Priced To Sell Immediately (PTSI). That way, your home will be seen by the most potential buyers. It will sell at a great price before more competition comes to the market.

Bottom Line

If you’re debating listing your house for sale, let’s get together to discuss how to price your home appropriately and maximize your exposure.

Posted by NE TEXAS REALTY GROUP on December 10th, 2019 11:13 AM
 

1565 Winding Creek Lane
Rockwall, TX
Nice 4 bedroom 3 bath home in Rockwall on 1.5 acres




Offered at $385,0001565windingcreeklane.iHouseNet.com

Wonderful country setting outside of Rockwall in the Highpoint Lake Estates. This is an upscale home with much to offer including hardwood floors, granite counters, rock fireplace, 2 living areas, 2 dining areas and formal entry. There is a huge master closet that is a must see. 3 car garage with additional storage and covered patio, sprinkler system and much more. This home has a lot to offer and will not last long at this price. Let's look! Sold AS-IS.

Sherry Dickson & Associates Real Estate Team


Mobile: 903-361-2733
sherrydicksonteam@gmail.com
www.sherrydickson.com



Harold Carter, REALTORS | 2741 E. Price St. | Paris | TX | 75460
Posted by NE TEXAS REALTY GROUP on December 6th, 2019 3:53 PM
 

2639 CR 16500
Deport, TX
Cute 2 bedroom home on 10 acres in Deport




Offered at $176,0002639cr16500.iHouseNet.com

Wonderful country home in the Cunningham community. This all metal home sits on 10.00 acres of land with large barn, workshop and storage building. The acreage has scattered oak trees and a small pond for your livestock. The interior has 2 bedrooms, large open living and dining combo with breakfast bar, oversized laundry room and the second living area could be used as the 3rd bedroom or mudroom. This home has a lot to offer. Prairiland ISD. Sold AS-IS.

Sherry Dickson & Associates Real Estate Team


Mobile: 903-361-2733
sherrydicksonteam@gmail.com
www.sherrydickson.com



Harold Carter, REALTORS | 2741 E. Price St. | Paris | TX | 75460
Posted by NE TEXAS REALTY GROUP on December 6th, 2019 3:52 PM

4145 Brandyn Place
Paris, TX
3 bedroom 2 bath home in Morningside Addition in Paris, TX




Offered at $94,9004145brandynplace.iHouseNet.com

HUD Owned Home. Sold As-Is. Case# 491-895913. Cute 3 bedroom 2 bath brick home on a corner lot in the Morningside Addition in Paris Texas. Marketed by Olympus AMS. www.olympusams-re.com. All offers submitted at www.hudhomestore.com Cross Streets: SE Loop 286 & Morningside Drive

Sherry Dickson & Associates Real Estate Team


Mobile: 903-361-2733
sherrydicksonteam@gmail.com
www.sherrydickson.com



Harold Carter, REALTORS | 2741 E. Price St. | Paris | TX | 75460
Posted by NE TEXAS REALTY GROUP on December 6th, 2019 3:33 PM
 

1800 FM 814
Trenton, TX
3 bedroom home on 3 acres in Trenton, TX




Offered at $110,0001800fm814.iHouseNet.com

HUD Home Sold As-Is. FHA Case #491-949015. Nice 3 bedroom 2 bathroom home on 3.0 acres in Trenton. Let's Look. Marketed by Olympus AMS. www.olympusams-re.com. All offers submitted at www.hudhomestore.com. Cross Streets: HWY 121 and FM 814

NE Texas Regional Realty-Kevin Riney, Broker


Office: 903-361-2733
netxrealtysales@gmail.com



NE Texas Regional Realty | 1700 FM 195 #111 | Paris | TX | 75462
Posted by NE TEXAS REALTY GROUP on December 6th, 2019 12:52 PM

Home Prices Increase in Every Price Range

Home Prices Increase in Every Price Range | MyKCM

CoreLogic’s Home Price Index (HPI) Report revealed,

National home prices increased 3.6% year over year in July 2019 and are forecast to increase 5.4% from July 2019 to July 2020.

They also analyzed four individual home-price tiers, showing the increase in each.

Here’s the breakdown:

Home Prices Increase in Every Price Range | MyKCM To clarify the methodology, CoreLogic explains,

“The four price tiers are based on the median sale price and are as follows: homes priced at 75% or less of the median (low price), homes priced between 75% and 100% of the median (low-to-middle price), homes priced between 100% and 125% of the median (middle-to-moderate price) and homes priced greater than 125% of the median (high price).”

What does this mean if you’re selling?

Price appreciation can differ depending on your price range. If you’re a homeowner thinking of selling, let’s get together to find out how much your home is increasing in value, so you can price it competitively for today’s market.

Posted by NE TEXAS REALTY GROUP on October 25th, 2019 3:40 PM

Experts Predict a Strong Housing Market for the Rest of 2019

Experts Predict a Strong Housing Market for the Rest of 2019 | MyKCM

We’re in the back half of the year, and with a decline in interest rates as well as home price and wage appreciation, many are wondering what the predictions are for the remainder of 2019.

Here’s what some of the experts have to say:

Ralph McLaughlin, Deputy Chief Economist for CoreLogic

“We see the cooldown flattening or even reversing course in the coming months and expect the housing market to continue coming into balance. In the meantime, buyers are likely claiming some ground from what has been seller’s territory over the past few years. If mortgage rates stay low, wages continue to grow, and inventory picks up, we can expect the U.S. housing market to further stabilize throughout the remainder of the year.”

Lawrence Yun, Chief Economist at NAR

“We expect the second half of year will be notably better than the first half in terms of home sales, mainly because of lower mortgage rates.”

Freddie Mac

“The drop in mortgage rates continues to stimulate the real estate market and the economy. Home purchase demand is up five percent from a year ago and has noticeably strengthened since the early summer months…The benefit of lower mortgage rates is not only shoring up home sales, but also providing support to homeowner balance sheets via higher monthly cash flow and steadily rising home equity.”

Bottom Line

The housing market will be strong for the rest of 2019. If you’d like to know more about our specific market, let’s get together to discuss what’s happening in our area.

Posted by NE TEXAS REALTY GROUP on September 23rd, 2019 3:27 PM

Housing Supply Not Keeping Up with Population Increase

Housing Supply Not Keeping Up with Population Increase | MyKCM

Many buyers are wondering where to find houses for sale in today’s market. It’s a true dilemma. We see an increase in buyer demand, but the supply available for purchase isn’t keeping up.

The number of new housing permits issued prior to the great recession increased for 15 years until 2005 (from 1.12 million in 1990 to a pre-recession peak of 2.16 million in 2005). According to Apartment List,

From 1990 to 2005, the number of single-family permits issued more than doubled, while the number of multi-family permits grew by 49 percent.

When the housing market crashed, the number of new homes permitted decreased to its lowest level in 2009 (see below):Housing Supply Not Keeping Up with Population Increase | MyKCMSince then, supply and demand have been out of balance when it comes to new construction. According to the same report,

Construction of single-family homes has recovered much more slowly — the number of single-family housing units permitted in 2018 was barely half the number permitted in 2005.”

Why is new construction so important?

As the U.S. population increases, there is also an increase in the need for new homes. Today, new construction is not keeping up with the increase in the nation’s population. The report continues:

“The total number of residential housing units permitted in 2018 was roughly the same as the number permitted in 1994, when the country’s population was 20 percent less than it is today.”

Essentially, the dip in home building coupled with the steadily increasing U.S. population means there is now a selling opportunity for homeowners willing to list their current houses.

Bottom Line

If you’re considering selling your home to move up, now is a great time to get a positive return on your investment in a market with high demand. Let’s get together to determine the specific options available for you and your family.

Posted by NE TEXAS REALTY GROUP on September 17th, 2019 10:05 AM

Buying a Home: Do You Know the Lingo? [INFOGRAPHIC]

Buying a Home? Do You Know the Lingo? [INFOGRAPHIC] | MyKCM

Some Highlights:

  • Buying a home can be intimidating if you’re not familiar with the terms used throughout the process.
  • To point you in the right direction, here’s a list of some of the most common language you’ll hear when buying a home.
  • The best way to ensure your home-buying process is a positive one is to find a real estate professional who will guide you through every aspect of the transaction with ‘the heart of a teacher.’
Posted by NE TEXAS REALTY GROUP on September 5th, 2019 10:51 AM
 

118 Harris Lane
Yantis, TX
Great 3 bedroom 3 bath home on 1.75 acres in Yanti




Offered at $194,000118harrislane.iHouseNet.com

HUD Owned Home. FHA Case# 511-048207 Sold AS-IS. Great 3 bedroom 3 bath home with attached carport, RV storage, huge covered front and back porches and 30x35 metal workshop. The interior offers a large kitchen and family room combo, second living room and large master suite. This home has much to offer and a great country setting. Yantis ISD. Marketed by Olympus AMS. www.olympusams-re.com. All offers submitted at www.hudhomestore.com CROSS STREETS: HWY 154 & County Road 1902


Sherry Dickson & Associates Real Estate Team

Mobile: 903-361-2733
sherrydicksonteam@gmail.com
www.sherrydickson.com





Harold Carter, REALTORS | 2741 E. Price St. | Paris | TX | 75460
Posted by NE TEXAS REALTY GROUP on September 4th, 2019 11:17 AM

American Confidence in Housing at an All-Time High

American Confidence in Housing at an All-Time High | MyKCM

Fannie Mae just released the July edition of their Home Purchase Sentiment Index (HPSI). The HPSI takes information regarding consumers’ confidence in the real estate market from Fannie Mae’s National Housing Survey and condenses it into a single number. Therefore, the HPSI reflects consumers’ current views and forward-looking expectations of housing market conditions.

Great News! The index reached its highest level since Fannie Mae began their survey. Breaking it down, the report revealed:

  • The share of Americans who say it is a good time to buy a home increased from the same time last year.
  • The share of those who say it is a good time to sell a home increased from the same time last year.
  • The share of Americans who say they are not concerned about losing their job over the next 12 months increased dramatically (16 percentage points) from the same time last year.
  • The share of Americans who say mortgage rates will go down over the next 12 months increased dramatically (24 percentage points) from the same time last year.

The day after the index was released, Freddie Mac also announced the 30-year fixed-rate mortgage rate fell to its lowest level in three years.

Doug Duncan, Senior Vice President and Chief Economist at Fannie Mae explained the uptick in the index:

“Consumer job confidence and favorable mortgage rate expectations lifted the HPSI to a new survey high in July, despite ongoing housing supply and affordability challenges. Consumers appear to have shaken off a winter slump in sentiment amid strong income gains. Therefore, sentiment is positioned to take advantage of any supply that comes to market, particularly in the affordable category.”

Bottom Line

Consumers are feeling good about the real estate market. Since Americans are not worried about their jobs, see mortgage rates near an all-time low, and believe it is a good time to buy, the housing market will remain strong for the rest of the year.

Posted by NE TEXAS REALTY GROUP on August 28th, 2019 9:46 AM
 

420 County Road 1441
Yantis, TX
Great 4 bedroom home on 3.59 acres in Yantis, TX




Offered at $125,120420countyroad1441.iHouseNet.com

HUD OWNED HOME FHA CASE# 511-135867 Sold. AS-IS. Nice country setting for the 4 bedroom 2 and half bath double wide home on 3.59 acres of land in Yantis, TX. This home offers a large open floorplan with stainless appliances in the kitchen, large master suite with separate tub and shower, plenty of walk in closets, split bedroom floorplan and more. This home was built in 2015 and has 2356 sf living area. Let's look. Marketed by Olympus AMS. www.olympusams-re.com. All offers submitted at www.hudhomestore.com. Cross Streets: HWY 11 & FM 2560


Sherry Dickson & Associates Real Estate Team

Mobile: 903-361-2733
sherrydicksonteam@gmail.com
www.sherrydickson.com





Harold Carter, REALTORS | 2741 E. Price St. | Paris | TX | 75460
Posted by NE TEXAS REALTY GROUP on August 28th, 2019 9:46 AM
 

224 Harris Harbor
Point, TX
Large home in quiet subdivision on Lake Tawakoni




Offered at $191,900224harrisharbor.iHouseNet.com

HUD Owned Home FHA Case# 511-190604. Sold AS-IS. One of a Kind! This 6 bedroom 6 full bath 2 story lake home is move in ready and has more to offer than I can list. This is a must see to appreciate. Located in Whispering Oaks Subdivision of Lake Tawakoni. Detached garage workshop with electric, circle drive and huge yard. Split floorplan with a bathroom for each bedroom, walk in closets, 3 living areas and neutral colors. Let's look. This one won't last long! Marketed by Olympus AMS. www.olympusams-re.com. All offers submitted at www.hudhomestore.com. CROSSROADS: HWY 276 & Oak Leaf Trail


Sherry Dickson & Associates Real Estate Team

Mobile: 903-361-2733
sherrydicksonteam@gmail.com
www.sherrydickson.com





Harold Carter, REALTORS | 2741 E. Price St. | Paris | TX | 75460
Posted by NE TEXAS REALTY GROUP on August 28th, 2019 9:46 AM
 

4002 Heavenly Way
Heartland, TX
Beautiful home in Heartland Texas




Offered at $247,9994002heavenlyway.iHouseNet.com

Picture Perfect! 4 bedroom 2 and half bath 2 story home in the wonderful Heartland Community. This home offers a split bedroom floorplan with game room upstairs for the kids. Nice size living room that is open to the kitchen and breakfast area with granite countertops, stainless appliances and plenty of cabinet space. Formal dining off the entryway. Neutral colors throughout. Oversized 3 car garage and so much more! Great location with views of the community lake, walking trails and park. This community offers pools, tennis courts, baseball field, walking trails, gym and much more. Conveniently located only minutes from shopping and dining in Forney or quick access to I-20 for a short drive to the metroplex.


Sherry Dickson & Associates Real Estate Team

Mobile: 903-361-2733
sherrydicksonteam@gmail.com
www.sherrydickson.com





Harold Carter, REALTORS | 2741 E. Price St. | Paris | TX | 75460
Posted by NE TEXAS REALTY GROUP on August 22nd, 2019 11:46 AM

Why All the Chicken Littles Should Calm Down

Why All the Chicken Littles Should Calm Down | MyKCM

The U.S. Census Bureau recently released their 2019 Q2 Homeownership Report. Some began to see the sky falling, believing the report showed Americans may be stepping back from their belief in homeownership.

The national homeownership rate (Americans who owned vs. rented their primary residence) increased significantly during the housing boom, reaching its peak of 69.2% in 2004. The Census Bureau reported that the second quarter of 2019 ended with a homeownership rate of 64.1%, which is down from the 64.8% rate for the fourth quarter of 2018. Based on this news, some started to question the consumer’s belief in the idea of homeownership as a major part of the American Dream.

Everyone Calm Down…

It is true the homeownership rate did fall. However, if you look at the national rate over the last 35 years (1984-2019), you can see that the current homeownership rate has returned to historical norms. The 64.1% rate is equivalent to the rates in 1984 and 1994.Why All the Chicken Littles Should Calm Down | MyKCM

What Will the Future Bring?

Part of the reason the homeownership rate slipped is a lack of inventory available for purchase for first-time home buyers. The demand is there, but currently, the supply is not. It seems, however, that is about to change.

In a recent report, Ivy Zelman explained that builders have finally started to increase the number of homes they’re constructing at the lower-end price points:

“Robust growth in the entry-level price point of late should translate to a reacceleration in homeownership rates moving forward.”

Bottom Line

Today, the homeownership rate sits at historic norms. In all probability, it will increase as more inventory becomes available. There is no reason for concern.

Posted by NE TEXAS REALTY GROUP on August 21st, 2019 9:59 AM

The Feeling You Get from Owning Your Home

The Feeling You Get from Owning Your Home | MyKCM

We often talk about the financial reasons why buying a home makes sense. But, more often than not, the emotional reasons are the more powerful and compelling ones.

No matter what shape or size your living space is, the concept and feeling of home can mean different things to different people. Whether it’s a certain scent or a favorite chair, that feeling of safety and security you gain from owning your own home is simultaneously one of the greatest and most difficult to describe.

Frederick Peters, a contributor for Forbes, recently wrote about that feeling, and the pride that comes from owning your own home.

“As homeowners discover, living in an owned home feels different from living in a rented home. It’s not just that an owner can personalize the space; it touches a chord even more fundamental than that.

Homeownership enhances the longing for self-determination at the heart of the American Dream. First-time homeowners, young or old, radiate not only pride but also a sense of arrival, a sense of being where they belong. It cannot be duplicated by owning a 99-year lease.”

Bottom Line

Owning a home brings a sense of accomplishment and confidence that cannot be achieved through renting. If you are debating renewing your lease, let’s get together before you do to answer any questions you may have about what your next steps should be, and what is required in today’s market!

Posted by NE TEXAS REALTY GROUP on August 16th, 2019 10:15 AM
 

301 Greenhill Park Avenue
Mount Pleasant, TX
Great location 4 bed 3 bath home in Mt. Pleasant




Offered at $246,000301greenhillparkavenue.iHouseNet.com

Great executive home in Greenhill Park Addition. This home offers great curb appeal with the circle drive in front and gated rear entry. The interior offers 4 bedrooms 2 full baths, nice kitchen with stainless appliances, gas fireplace in the living room lots of tile and hard wood floors and much more. There is a huge master suite, walk in closets and nice game room upstairs. The back yard is a dream with the inground pool, hot tub and sauna plus a huge covered patio and privacy fencing. All this is walking distance to the Town Lake and Mt Pleasant Country Club. Sold AS-IS.


Sherry Dickson & Associates Real Estate Team

Mobile: 903-361-2733
sherrydicksonteam@gmail.com
www.sherrydickson.com





Harold Carter, REALTORS | 2741 E. Price St. | Paris | TX | 75460
Posted by NE TEXAS REALTY GROUP on August 16th, 2019 10:15 AM

4 Most Popular Bottom Line Investments in America

4 Most Popular Bottom Line Investments in America | MyKCM

Every year, Gallup surveys Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks, gold, and savings accounts.

For the sixth year in a row, real estate has come out on top as the best long-term investment! That has not always been the case. Gallup explains:

“Between 2008 and 2010, covering most of the Great Recession period that saw plummeting home and stock values, Americans were as likely to name savings accounts or CDs as the best long-term investment as they were to name stocks or real estate.”

This year’s results showed that 35% of Americans chose real estate, followed by stocks at 27%. The full results are shown in the chart below.

4 Most Popular Bottom Line Investments in America | MyKCM

Bottom Line

Now that the real estate market has recovered, so has the belief of the American people in the stability of housing as a long-term investment.

Posted by NE TEXAS REALTY GROUP on August 12th, 2019 10:39 AM
 

4002 Heavenly Way
Heartland, TX
Beautiful home in Heartland Texas




Offered at $265,0004002heavenlyway.iHouseNet.com

Picture Perfect! 4 bedroom 2 and half bath 2 story home in the wonderful Heartland Community. This home offers a split bedroom floorplan with game room upstairs for the kids. Nice size living room that is open to the kitchen and breakfast area with granite countertops, stainless appliances and plenty of cabinet space. Formal dining off the entryway. Neutral colors throughout. Oversized 3 car garage and so much more! Great location with views of the community lake, walking trails and park. This community offers pools, tennis courts, baseball field, walking trails, gym and much more. Conveniently located only minutes from shopping and dining in Forney or quick access to I-20 for a short drive to the metroplex.


Sherry Dickson & Associates Real Estate Team

Mobile: 903-361-2733
sherrydicksonteam@gmail.com
www.sherrydickson.com





Harold Carter, REALTORS | 2741 E. Price St. | Paris | TX | 75460
Posted by NE TEXAS REALTY GROUP on August 8th, 2019 12:38 PM
 

193 County Road 1684
Alba, TX
3 bedroom 2 bath home in Alba, TX




Offered at $96,600193countyroad1684.iHouseNet.com

HUD OWNED HOME SOLD AS-IS FHA CASE# 491-887381. Nice 3 bedroom 2 bath home with large front porch and deck, fenced yard, storage building, carport and more. The interior has a split bedroom floor plan, second living area, fireplace and more. Marketed by Olympus AMS. www.olympusams-re.com. All offers submitted at www.hudhomestore.com. Cross Streets: County Road 1670 and County Road 1678


Sherry Dickson & Associates Real Estate Team

Mobile: 903-361-2733
sherrydicksonteam@gmail.com
www.sherrydickson.com





Harold Carter, REALTORS | 2741 E. Price St. | Paris | TX | 75460
Posted by NE TEXAS REALTY GROUP on August 8th, 2019 12:32 PM

4 Tips for Making a Competitive Offer

4 Tips for Making a Competitive Offer | MyKCM

So, you’ve been searching for that perfect house to call ‘home,’ and you’ve finally found it! The price is right, and in such a competitive market, you want to make sure you make a good offer so that you can guarantee that your dream of making this house yours comes true!

Below are 4 steps provided by Freddie Mac to help buyers make offers, along with some additional information for your consideration:

1. Determine Your Price

“You’ve found the perfect home and you’re ready to buy. Now what? Your real estate agent will be by your side, helping you determine an offer price that is fair.”

Based on your agent’s experience and key considerations (like similar homes recently sold in the same neighborhood or the condition of the house and what you can afford), your agent will help you to determine the offer that you are going to present.

Getting pre-approved will not only show home-sellers that you are serious about buying, but it will also allow you to make your offer with confidence because you’ll know that you have already been approved for a mortgage in that amount.

2. Submit an Offer

“Once you’ve determined your price, your agent will draw up an offer, or purchase agreement, to submit to the seller’s real estate agent. This offer will include the purchase price and terms and conditions of the purchase.”

Talk with your agent to find out if there are any ways in which you can make your offer stand out in this competitive market! A licensed real estate agent who is active in the neighborhoods you are considering will be instrumental in helping you put in a solid offer.

3. Negotiate the Offer

“Oftentimes, the seller will counter the offer, typically asking for a higher purchase price or to adjust the closing date. In these cases, the seller’s agent will submit a counteroffer to your agent, detailing their desired changes, at this time, you can either accept the offer or decide if you want to counter.

Each time changes are made through a counteroffer, you or the seller have the option to accept, reject or counter it again. The contract is considered final when both parties sign the written offer.”

If your offer is approved, Freddie Mac urges you to “always get an independent home inspection, so you know the true condition of the home.” If the inspector uncovers undisclosed problems or issues, you can discuss any repairs that may need to be made with the seller or even cancel the contract altogether.

4. Act Fast

The inventory of homes listed for sale has remained well below the 6-month supply that is needed for a ‘normal’ market. Buyer demand has continued to outpace the supply of homes for sale, causing buyers to compete with each other for their dream homes.

Make sure that as soon as you decide that you want to make an offer, you work with your agent to present it as quickly as possible.

Bottom Line

Whether buying your first home or your fifth, having a local real estate professional who is an expert in his or her market on your side is your best bet in making sure the process goes smoothly. Let’s talk about how we can make your dream of homeownership a reality!

Posted by NE TEXAS REALTY GROUP on August 7th, 2019 9:21 AM

Home Buyers are Optimistic About Homeownership!

Home Buyers are Optimistic About Homeownership! | MyKCM

When we consider buying an item, we naturally go through a research process prior to making our decision. We ask our friends and family members who have made similar purchases about their experience, we get opinions and insights, and we read reviews online. There’s no difference when considering a home purchase!

Most homebuyers start by listening to the news to hear what is being said about the real estate market. They check with family and friends about their experience. They spend time online reading reviews about their desired neighborhood.

The challenge is that comments from the news and those closest to us can contradict the data and reports. One source says one thing, while another source says something completely different.

There is a group of homebuyers that are not allowing comments about an upcoming recession to interfere with their decision to buy a home. According to a survey by realtor.com®,

Nearly 70 percent of home shoppers this spring think the U.S. will enter a recession in the next three years, but that hasn’t stopped them from trying to close on a home…Despite the fact that they foresee an economic downturn, they generally expressed confidence that a future recession will be better than 2008 for the housing market.”

The report provides more insights from the survey:

  • Nearly 30% of the active home shoppers* surveyed expect the next recession to begin sometime in 2020.
  • 56% of shoppers believe home prices have hit their peak.
  • 41% believe housing will fare better than 2008.
  • 45% of home shoppers feel at least slightly more optimistic about homeownership.
  • 33% reported no impact on their feelings about homeownership.

Homebuyers are aware and making decisions with their eyes wide-open. As the report mentioned,

“The fact that some [36%} home shoppers expect the next recession to be harder on the housing market than the last recession suggests that they are buying homes with eyes wide-open and very sober, if not slightly pessimistic, views of the housing market.

This is a stark contrast to the years leading up to the last recession when ‘irrational exuberance’ was more common and yet another reason to expect that the next downturn will be very different for the housing market than the last.”

Bottom Line

If you are considering buying a home, let’s get together to help you understand our local market and determine if buying a home is the right choice for you now.

*Active home shoppers are those consumers who responded that they plan to purchase their next home in 1 year or less.

Posted by NE TEXAS REALTY GROUP on July 23rd, 2019 9:26 AM
 

235 Hickory Street
Blossom, TX
3 bedroom 2 bath home in Blossom, TX




Offered at $56,500235hickorystreet.iHouseNet.com

Cute 3 bedroom 2 bath brick home in Blossom, TX. This home is in Prairiland ISD. The exterior offers a large corner lot and storage building. The interior has a kitchen and dining combo, breakfast bar and large laundry room. Sold AS-IS.


Sherry Dickson & Associates Real Estate Team

Mobile: 903-361-2733
sherrydicksonteam@gmail.com
www.sherrydickson.com





Harold Carter, REALTORS | 2741 E. Price St. | Paris | TX | 75460
Posted by NE TEXAS REALTY GROUP on May 23rd, 2019 12:03 PM
 

600 Rasure Circle
Sulphur Springs, TX
Nice 3 bedroom 3 bath home in Sulphur Springs, TX




Offered at $210,000600rasurecircle.iHouseNet.com

HUD OWNED HOME FHA CASE# 511-112580. SOLD AS-IS. Great location close to shopping and dining. Nice corner lot with shade trees and large fenced back yard. The interior offers 3 large bedrooms and 3 full bathrooms. Nice kitchen and dining combo with breakfast bar, granite counters and appliances. Large master suite has separate garden tub and walk in shower. Nice sunroom or second living area, extra storage in garage and more. Let's look. Marketed by Olympus AMS. www.olympusams-re.com. All offers submitted at www.hudhomestore.com. CROSSROADS: HWY 11 & Park Springs RD


Sherry Dickson & Associates Real Estate Team

Mobile: 903-361-2733
sherrydicksonteam@gmail.com
www.sherrydickson.com





Harold Carter, REALTORS | 2741 E. Price St. | Paris | TX | 75460
Posted by NE TEXAS REALTY GROUP on May 23rd, 2019 12:03 PM

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