NE TEXAS Real Estate News

New Index Reveals Impact of COVID-19 on Real Estate
New Index Reveals Impact of COVID-19 on Real Estate

Earlier this month, announced the release of their initial Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing industry, tracking each of the following:

  1. Housing Demand – Growth in online search activity
  2. Home Price – Growth in asking prices
  3. Housing Supply – Growth of new listings
  4. Pace of Sales – Difference in time-on-market

The index then compares the current status “to the last week of January 2020 market trend, as a baseline for pre-COVID market growth. The overall index is set to 100 in this baseline period. The higher a market’s index value, the higher its recovery and vice versa.”

The graph below charts the index by showing how the real estate market started out strong in early 2020, and then dropped dramatically at the beginning of March when the pandemic paused the economy. It also shows the strength of the recovery since the beginning of May.New Index Reveals Impact of COVID-19 on Real Estate | Keeping Current MattersIt’s clear to see that the housing market is showing promising signs of recovery from the deep economic cuts we experienced earlier this spring. As noted by Dean Mon, Chairman of the National Association of Home Builders (NAHB):

“As the nation reopens, housing is well-positioned to lead the economy forward.”

The data today indicates the housing market is already on the way up.

Bottom Line

Staying connected to the housing market’s performance over the coming months will be essential, as we continue to evaluate exactly how the housing market is doing in this uncharted time ahead.

Posted by NE TEXAS REALTY GROUP on July 16th, 2020 3:02 PM

Housing Market Positioned to Bring Back the Economy

Housing Market Positioned to
Bring Back the Economy | MyKCM
All eyes are on the American economy. As it goes, so does the world economy. With states beginning to reopen, the question becomes: which sectors of the economy will drive its recovery? There seems to be a growing consensus that the housing market is positioned to be that driving force, the tailwind that is necessary. Some may question that assertion as they look back on the last recession in 2008 when housing was the anchor to the economy – holding it back from sailing forward. But even then, the overall economy did not begin to recover until the real estate market started to regain its strength. This time, the housing market was in great shape when the virus hit. As Mark Fleming, Chief Economist of First American, recently explained:
Many still bear scars from the Great Recession and may expect the housing market to follow a similar trajectory in response to the coronavirus outbreak. But, there are distinct differences that indicate the housing market may follow a much different path. While housing led the recession in 2008-2009, this time it may be poised to bring us out of it.
Fleming is not the only economist who believes this. Last week, Dr. Frank Nothaft, Chief Economist for CoreLogic, (@DrFrankNothaft) tweeted:
For the first 6 decades after WWII, the housing sector led the rest of the economy out of each recession. Expect it to do so this time as well.
And, Robert Dietz, Chief Economist for the National Association of Home Builders, in an economic update last week explained:
As the economy begins a recovery later in 2020, we expect housing to play a leading role. Housing enters this recession underbuilt, not overbuilt…Based on demographics and current vacancy rates, the U.S. may have a housing deficit of up to one million units.

Bottom Line

Every time a home is sold it has a tremendous financial impact on local economies. As the real estate market continues its recovery, it will act as a strong tailwind to the overall national economy.
Posted by NE TEXAS REALTY GROUP on July 16th, 2020 3:02 PM

#1 Financial Benefit of Homeownership: Family Wealth

#1 Financial Benefit of
Homeownership: Family Wealth | MyKCM
While growing up, we were taught by our parents and grandparents that owning a home is a financially savvy move. They explained how a mortgage is like a forced savings plan. When you pay rent, that money is lost forever. When you make a mortgage payment, much of that money accumulates as equity in the home. So, what exactly is equity? The equity in your home is the amount of money you can sell it for minus what you still owe on the mortgage. Every month you make a mortgage payment, and every month a portion of what you pay reduces the amount you owe. That reduction of your mortgage every month increases your equity. A recent study by CoreLogic explained that homeowners gained substantial equity over the last twelve months, and are essentially sitting on large sums of cash in their homes. In the study, Frank Nothaft, Chief Economist for CoreLogic explained:
“The CoreLogic Home Price Index recorded a quickening of home price gains during the fourth quarter of 2019, helping to boost home equity wealth. The average family with a mortgage had a $7,300 gain in home equity during the past year, and a total of $177,000 in home equity wealth.”
For most families, their home is their largest financial asset. This increase in equity drives the net worth, or family wealth, of the homeowner. Renters are not earning that benefit. Instead, they're building the net worth of their landlord.

Bottom Line

Home price growth will moderate during the pandemic. But once a cure is available, most experts agree that home values will again begin to appreciate at levels similar to what we've seen over the last several years. In the long run, our family elders will be proven correct: owning a home is a savvy financial move.
Posted by NE TEXAS REALTY GROUP on June 25th, 2020 11:58 AM

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
From the desk of…


(903) 361-2733
November Newsletter
Easy Thanksgiving crafts for kids
Thanksgiving is always a great time to spend with family and friends. It's also a great time to teach the kids about being thankful and to make your home festive and inviting for everyone who visits. Check out these fun crafts that will keep the kids busy (and happy) and also get your home ready for Thanksgiving Day. Click here to read more.
Dining room inspiration
With all the holidays this time of year, chances are, you're spending more time than usual in the dining room, entertaining (and feeding) guests. Check out these awesome dining room photos for inspiration on design, decor, furniture, and more here.
Posted by NE TEXAS REALTY GROUP on November 8th, 2016 5:31 PM
7 things you should never put in the tumble dryer
1. Swimming costumes
While they can stand the heat on the beach, the harsh temperature in a tumble dryer will leave lycra brittle and broken. Small amounts of lycra (like you might find in the band of your jeans) are fine.

2. Tights
The delicate mesh material will shrink in the heat, while the tumbling motion can also cause them to get tangled. Have you ever tried to untie a knot in a pair of hosiery? You don't want to.

3. Rubber-backed rugs
Sure, these rugs that keep you from slipping and sliding in your bathroom are small enough to fit inside your handy dryer, but the rubber on the back won't stand up to the intense heat and might even crumble. Plus, overheating it could cause a dryer fire.

4. Bras
Your delicates are, in fact, too delicate to throw in the dryer as the heat and agitation of a dryer can damage the bra's elasticity and shape. Instead lay them flat to dry.

5. Clothes with embellishments
Don't put anything with sequins or stones in the tumble cycle as these may get damaged, while simultaneously snagging other items in the process. It's far easier to hang dry them or – if the material is thin or delicate – lay them on a towel to air out.

6. Anything with a care label that warns against tumble dryers
This seems obvious, but even laundry veterans shouldn't toss in a load without double-checking the label - especially if you're not sure what sort of fabric your clothes are made of. Items with silk or wool, for instance, often shouldn't get thrown in the machine. If air-drying or dry cleaning is recommended, it's for a good reason – it'll help your items look new for longer, while preventing shrinking, warping, and more.

?7. Running shoes?
The heat can shrink the rubber, ruin your cushioning, and weaken adhesives, leaving your sturdy trainers weak and useless. However, trainers that aren't for athletic purposes, like tennis shoes, can be thrown in the dryer with several towels on a cool-air cycle.
Posted in:General and tagged: Home Owner TipsGeneral
Posted by NE TEXAS REALTY GROUP on July 18th, 2016 12:47 PM


July Edition

Ready to own a home? Or, if you're already a proud homeowner, do you want to throw a great cookout? This month's newsletter will help you to do both in Paris plus if you're planning a move, I've got a few helpful tips for that too. Read on and have a great month.

Six Steps to Homeownership

Step 1 – Set the foundation
Before starting your home search, there are a lot of things you should think about. The first being your credit because it’s the most important factor in whether you’ll be a homeowner or renting for a little longer than you'd like. Create a budget so that you know how much you can afford to borrow, and pay monthly, for a home. Ensuring your mortgage payment is no more than 30 percent of your monthly income is a good rule of thumb.

Step 2 – Decide on what you want
Put together a list of items you want: school districts, neighborhoods, and access to highways. Research and choose the types of property features you want in a house. Don't be shy! You can narrow your list later.

Step 3 – Contact a real estate agent
You'd talk about your real estate needs, and your plans. And, you'd discuss everything from neighborhoods, schools, the mortgage and housing industries, to any other factors that affect your buying decision. Your agent can also help during the loan process.

Step 4 – Find your dream house
Using your list of must-haves, your agent will show you houses that are a good fit for you. As you tour houses, you should point out what things you like and don't like. Often, buyers amend their list of must-haves, and your agent will trim it down to the houses you'll love.

Step 5 – Negotiate the deal
It's common to receive a counter offer. You'll be empowered to choose whether or not to take the counter offer, present your counter offer, or refuse the offer.

Step 6 – Close the deal
Upon finalizing the contract, you'll work with your lender to close the loan. If you've been pre-qualified, this won't be a long process. Then, you'll get a Good Faith Estimate (GFE) detailing closing costs from your lender, and your agent will help you close on your home.

Remember that if you or someone you know will house hunt soon, let me know. You can email me at or call me at (903) 361-2733 any time.

SHERRY DICKSON TEAM / Harold Carter Realtors
(903) 361-2733

Upcoming Open Houses

Make sure to check out my upcoming open houses.
Click here to see my listings. I hope to see you there!

Planning a Move?

If you’re thinking of relocating, make sure you’ve got your ducks in a row. Here are a few to-dos that are often forgotten when you’re moving:

— Have your car serviced if you’re driving.

— Pack and label boxes that you’ll open first for each room. Using the kitchen as an example, this box would have dishwashing liquid, baggies, and a couple of pans.

— Double check with your insurance company to find out their policies on covering your belongings while you’re traveling to your new place.

— Refill any prescriptions a week or two before you leave.

— Get referrals from your doctors for new physicians in your new city.

— Keep important papers, like contracts, with you in your car.

— Remember to remove valuables from your bank safe deposit box. .

— Try to avoid stress!

How to Throw an Awesome Backyard Barbeque

Barbeque season is in full swing. In order to have the perfect cookout, you have to plan ahead and plan for a few surprises. Use these tips and ideas to make your next backyard party one to remember:

— Have plenty of trash bags and garbage cans. Label them if you want to keep recyclables separate.

— If you’re using a gas grill make sure you have plenty of fuel. Or, if you’re giving it a go on a traditional grill, make sure there’s plenty of coal and lighter fluid to keep you cooking.

— Don’t forget the repellent! Have plenty of spray and sunscreen for guests.

— Think of details that make things easier or more fun like tablecloth weights, recycle bins, outdoor lights, and games to play.

— Have a designated play area and eating area for kids.

— Ice and cups are two things that are most likely to run out in the middle of your cookout. Keep triple the amount you think you’ll need on hand.

— Assign some smaller duties to family members or a few friends freeing you up for bigger tasks.

Use these tips and have a great barbeque party with friends and family this summer.


Questions about buying or selling?

Give us a call at (903) 361-2733 or send us an email at
We're glad to answer questions — no obligation, of course.


Posted by NE TEXAS REALTY GROUP on July 6th, 2016 11:10 AM


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