North Texas Real Estate News, Trends and Happenings

You’ll find our blog to be a wealth of information, covering everything from local market statistics and buying or selling a home to community happenings. That’s because we care about the communities that we serve and want to provide articles that will be of benefit. Please reach out if you have any questions at all. Let's Talk!

Brian and Melinda Stitzinger

 #stitzingerteam #remaxlakefront #dentoncounty #collincounty #thecolonytx  #littleelmtx #prospertx #friscotx 

June 22, 2020

Top Reasons to Own a Home in 2020

Top Reasons to Own a Home in 2020

 

There are many financial such as extremely low-interest rates and non-financial benefits( a place to call your own) to owning a home. Let’s connect to put your homeownership plans in motion this year.

Brian, Melinda and Joyce are here to serve you


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June 9, 2020

Home Sales Will Lead the Economic Reboundery

With more U.S. states reopening for business this summer, and as people start to return to work, we can expect the economy to begin improving. Most expert forecasts indicate this economic recovery will start to happen in the second half of this year. Though at this time, it appears to be rebounding now! As we get back to work and country begins to turn around, many experts say that real estate will lead the way.

One of the big reasons why housing has the potential to be such a driving force is the impact it has on the local economy. This impact is particularly strong when a newly constructed home is built and sold. According to a recent study by the National Association of Realtors (NAR), the average new home sale has a total economic impact of $88,416 on the local economy As outlined in the graphic below, this is a combination of income generated from real estate industries, expenditures, and new home construction.

With so many unknowns today, especially in the wake of a worldwide pandemic, one known factor is the bright spark the housing market can play in local and national recovery. Buying and selling a home goes well beyond personal growth and satisfaction – it supports our entire economy.

#newhome, #dallasrealtor, #newhomeconstruction, #stitzinger #littleelmrealtor, #sellyouthomeforfree

May 26, 2020

Buying or Selling a Home? You Need a Sherpa Guide

In a normal housing market, whether you’re buying or selling a home, you need an experienced guide to help you navigate through the process. You need someone you can turn to who will tell you how to price your home correctly right from the start. You need someone who can help you determine what to offer without paying too much or offending the seller with a low-ball offer.

Currently this is not a normal market. We are in one of the greatest health crises our nation has ever seen. The pandemic has had a major impact on the journey home buyers take to purchase or sell a home. To successfully navigate the landscape today, you need more than an experienced guide. You need a ‘Real Estate Sherpa

 

The average guide isn't enough. You need a Sherpa. You need an expert who understands the impact of COVID-19 on the thoughts, emotions and actions of the consumer (ex: virtual showings, proper safety protocols, e-signing documents). Someone who can simply and effectively explain the changes in today’s process to you and your family. You need an expert who will guide you to the right decision, especially in these challenging times. You need Brian and Melinda Stitzinger.

 

May 20, 2020

Housing Market Will Bring Back the Economy

Housing Market Positioned to Bring Back the Economy | MyKCM

As we re-open the economy which sectors of the economy will drive its recovery? The consensus is the housing market.

In an earlier blog we pointed out why this is not like the recession in 2008 when housing was the crisis. But even then, the overall economy did not begin to recover until the real estate market came back. Now, the housing market was in great shape when the virus hit.

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.”

Every time a home is sold it has a tremendous financial impact on local economies. As the real estate market recovers and gets stronger, so will the rest of the country.

May 5, 2020

Housing Crisis-What Housing Crisis

With all of the unanswered questions caused by COVID-19 and the economic slowdown we’re experiencing across the country today, many are asking if the housing market is in trouble. For those who remember 2008, it's logical to ask that question.

Let’s look at five things we know about today’s housing market that were different in 2008.

1. Home Prices

When we look at appreciation in the visual below, there’s a big difference between the 6 years prior to the housing crash and the most recent 6-year period of time. Leading up to the crash, we had much higher appreciation in this country than we see today. In fact, the highest level of appreciation most recently is below the lowest level we saw leading up to the crash. Prices have been rising lately, but not at the rate they were climbing back when we had runaway appreciation.Think This Is a Housing Crisis? Think Again. | MyKCM

2. Mortgage Availability then and now

The Mortgage Credit Availability Index is a monthly measure by the Mortgage Bankers Association that gauges the level of difficulty to secure a loan. The higher the index, the easier it is to get a loan; the lower the index, the harder. Today we’re nowhere near the levels seen before the housing crash when it was very easy to get approved for a mortgage. After the crash, however, lending standards tightened and have remained that way leading up to today.Think This Is a Housing Crisis? Think Again. | MyKCM

3. Home Inventory Months of Inventory

One of the causes of the housing crash in 2008 was an oversupply of homes for sale. Today, we don’t have enough homes on the market for the number of people who want to buy them. Across the country, we have less than 6 months of inventory, an undersupply of homes available for interested buyers.Think This Is a Housing Crisis? Think Again. | MyKCM

4. People Not Cashing Out their Homes

The chart below shows the difference in how people are accessing the equity in their homes today as compared to 2008. In 2008, consumers were harvesting equity from their homes (through cash-out refinances) and using it to finance their lifestyles. Today, consumers are treating the equity in their homes much more cautiously.Think This Is a Housing Crisis? Think Again. | MyKCM

5. More than 50% Equity

Today, 53.8% of homes across the country have at least 50% equity. In 2008, homeowners walked away when they owed more than what their homes were worth. With the equity homeowners have now, they’re much less likely to walk away from their homes.Think This Is a Housing Crisis? Think Again. | MyKCM

 

The COVID-19 crisis is causing different challenges across the country than the ones we faced in 2008. Back then, we had a housing crisis; today, we face a health crisis. What we know now is that housing is in a much stronger position today than it was in 2008. It is no longer the center of the economic slowdown. Rather, it could be just what helps pull us out of the downturn.

April 30, 2020

Housing Market Is a Powerful Economic Driver

Why the Housing Market Is a Powerful Economic Driver | MyKCM
Visit us at www.stitzingerteam.com

With businesses starting to slowly open back up again in North Texas counties, it’s important to understand how housing can have a major impact on the recovery of our Texas economy. As we’ve mentioned before, buying a home is a driving financial force in this process. Homebuilding in our area of Texas has been strong. Already we see the home building sector which never went away is creating more jobs and impacting local neighborhoods in a big way.

The National Association of Home Builders (NAHB) on the effect of the US job market: “Building 1,000 average single-family homes creates 2,900 full-time jobs and generates $110.96 million in taxes and fees for all levels of government to support police, firefighters and schools, according to NAHB’s National Impact of Home Building and Remodeling report.

  These employment opportunities, along with the home purchase, drive the economy in a major way. The National Association of Realtors (NAR) recently shared a report that notes the full economic impact of home sales. This report summarizes:“The total economic impact of real estate related industries on the state economy, as well as the expenditures that result from a single home sale, including aspects like home construction costs, real estate brokerage, mortgage lending and title insurance.”

North Texas home sales, both pre-existing and new oonstruction, slowed during end of March and all of April, but is anticipated to come back even stronger

Here’s the breakdown of how the average home sale boosts the economy:Why the Housing Market Is a Powerful Economic Driver | MyKCMAs noted above in the circle on the right, the impact is almost double when you purchase new construction, given the sheer number of workers it requires to design, build, equip, and finalize the sale of the home. The NAHB paints a clear picture of these roles:

“The NAHB model shows that job creation through housing is broad-based. Building new homes and apartments generates jobs in industries that produce lumber, concrete, lighting fixtures, heating equipment and other products that go into a home remodeling project. Other jobs are generated in the process of transporting, storing and selling these products.

On an emotional level, what’s most important for today’s consumers to feel confident about is the safety component that goes into the process. Mitigating the risk of essential personnel at this moment in time is more crucial than ever as we all aim to reduce the spread of the coronavirus. Fortunately, the NAHB has put immense effort into a plan that prioritizes the health and safety of home builders and contractors:;

This is why NAHB and construction industry partners have developed a Coronavirus Preparedness and Response Plan specifically tailored to construction job sites. The plan is customizable and covers areas that include manager and worker responsibilities, job site protective measures, cleaning and disinfecting, responding to exposure incidents, and OSHA record-keeping requirements.”

Buying a home is a strong driver of the economy and when sales pick back up again, it will be an even stronger recovery force throughout the country. If you’re in a position to buy a home this year, you can have a significant impact on your local neighborhoods and safely make the move you’ve been waiting for. It’s a win-win. There is no reason to wait with rates low and homes available.

March 25, 2020

Are Home Prices Declining in DFW?

North Texas Real Estate Information Systems March 23, 2020

The graph shows three major cities in the Dallas-Fort Worth metroplex chosen arbitrarily. Frisco(Red), Allen(Green) and Arlington(Blue) against the entire MLS area(Black). Homes are single-family resale, excluding new construction, 3 bedrooms or more.

The graphs of the cities show a peak in Median sales price May-June 2019 and then a subsequent slight downturn in sales price Jan-Feb 2020. The overall MLS shows a slight increase most likely due to the purchase of entry level-first time home buyer listings.

If you would like more specific information about your city or subdivision, reach out to us at brianstitzinger@remax.net For a live updated view of this graph visit NTREIS TRENDS

 

Your comments are welcome

 

 

 

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Feb. 5, 2020

Housing Report December 2019

Feb. 4, 2020

Why Build or Buy a New Home? Don't Go It Alone with a New Home Builder

Many buyers don't realize that the new home sales agent represents the New Home Builder, not you. A Realtor® costs you nothing to use. In fact, new home builders love Realtors® because they know we represent qualified and serious buyers and can navigate them through the build process.   

Use Us  Contact Us  Let's Talk. We Work for You! And the New Home Builder Pays Us.

Why Build a New Home or Buy an Inventory New Home?
You’re able to choose the floor plan you want and add custom changes.  
With new construction or the purchase of an inventory home, the work is done for you. You don’t have to lift a finger, a paintbrush, or a hammer. The home will be move-in ready.
New build homes meet the buyer’s wants and demands such as open floor plans, eat-in kitchens, large master baths to name a few. And homes with two bedrooms and no formal living area, only living spaces, are possible. #newhomes
Purchasing Your Home. We are There Every Step!
We can help. Any major purchase requires research, careful analysis, consideration, and thought. Home buying isn't any different! Determining the right location, the number of bedrooms or bathrooms needed, and outdoor space is the easier things. However, there are many other factors to think about in your home search. From your initial search to closing we guide you through the home buying process and beyond. We can even help connect you with mortgage lender to get the best rates.
As Realtors® we can search Texas homes for sale, Texas houses for sale, check real estate values in Frisco Texas, mls listings In Prosper Texas, homes for sale by owner, land for sale in Aubrey Texas or any where you care to look. Real Estate service in Frisco Texas, Little Elm Texas. Denton Texas, Plano Texas, Aubrey Texas, McKinney Texas, Allen Texas, Dallas Texas. Home Valuations, Texas Mortgage Home Loan Officers, Texas Home Inspectors.
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Model Home thart can be built brand new. There are many floorplans to choose from.
New Home Builder in Frisco Texas 75035
New Homes will not have the initial maintenance in the first several years. New appliances, plumbing, heating and air conditioning systems along with structural and foundation come with warranties.
Utilizing new construction materials and efficient HVAC systems, new construction homes save on energy and cost.
New homescan be "SMART" internet equipped with the latest technology: smart thermostats, doorbell and alarm systems, speaker systems and wireless internet capability. 
You’re moving into a house that should be complete and meet your expectations. 
Contact us today to find out how we can be of assistance to you! 
As Certified DFW New Home Consultants, let's meet before you start your new home search and guide you on a path to success.
For more information about ​New Homes in North Texas, contact ​Brian and Melinda Stitzinger at 214-566-0075.​ Sign up at our website www.stitzingerteam.com to get the latest homes for s​ale in Oak Point. Meet us https://www.stitzingerteam.com/meet-the-team/
Feb. 3, 2020

Homes for Sale in Woodridge Subdivision, Oak Point, Texas, 75068

Woodridge Subdivision is in the city of Oak Point. It is a​ premier community located 15 miles from the Dallas North Tollway and seven miles from IH 35E. Woodbridge has many neighborhood amenities such as: Amenity Center, Pool, Playground, beautiful treeline wooded areas. Woodbridge​ is part of the Little Elm, Texas ​school district, making it one of the most desired places to live for families.
Pacesetter Homes, a home builder​ in Oak Point Texas, builds single or two story. Three to five bedroom homes. Homes range in price from $292,000 to $400,0000. Home size from 1600 to 3400 square feet. Lot sizes from1/3 to ½ acre.
Residents enjoy easy access to​ shopping, schools, restaurants, and medical facilities.   
Don't Buy a new Home without a Realtor. Model Home Sales people represent the builder, not the consumer/buyer.
Purchasing Your Home. We are There Every Step!
We can help. Any major purchase requires research, careful analysis, consideration, and thought. Home buying isn't any different! Determining the right location, the number of bedrooms or bathrooms needed, and outdoor space is the easier things. However, there are many other factors to think about in your home search. From your initial search to closing we guide you through the home buying process and beyond. We can even help connect you with a mortgage lender to get the best rates.
For more information about ​Woodbridge of Oak Point Texas Real Estate, please contact ​Brian Stitzinger at 214-566-0075.​
Sign up at our website www.stitzingerteam.com to get the latest homes for s​ale in Oak Point.