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 

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.
Jan. 17, 2020

2020 Luxury Market Forecast

2020 Luxury Market Forecast

 

2020 Luxury Market Forecast

By the end of last year, many homeowners found themselves with more equity than they realized, and at the same time their wages were increasing. When those two factors unite, it can spark homeowners to think about making a move to a larger or more expensive home in the luxury space. That said, now is a perfect opportunity to take a look at the forecast for the 2020 luxury market.

Three Things to Think About in the 2020 Luxury Housing Market

1. Prices

The U.S. economy is strong today, with buying opportunities throughout the luxury end of the market. Thomas Veraguth, Strategist at UBS Global Wealth Management, says in Barrons.com,

“There’s a good link between luxury real estate prices and [economic] growth.”

Available inventory is a key element that can impact home prices. At the upper range, the inventory is greater in comparison to the entry-level market, making moving up to a luxury home a growing reality for many buyers right now.

2. Activity in the Market

With more buying opportunities at the higher end, we should start to see an increase in activity. The same article states,

“Affluent homebuyers will start to come out of the woodwork as they find rising luxury rents less appealing and sellers get even more negotiable on price.”

Buyers looking in the luxury market are taking the opportunity to negotiate on price in a segment where there are more choices, too. According to the Luxury Market Report, homes sold for an average of 96.94% of the list price in December.

Buyers are also getting more for their money with greater purchasing power due to the current low interest rates.

3. Buyers Are Coming Back

Keep in mind, buyers are often sellers too, especially those looking to move up. Homeowners with an entry-level home can take advantage of the inventory shortage at the lower end of the market, thus driving higher sales prices for their current homes. Combined with growing equity in the homes they’re listing, it’s a great time for those who are ready to make a luxury move.

The extra equity and greater purchasing power are bringing many buyers back to the market. The same article mentioned that,

“We’ve already seen buyers who’ve been on the sidelines for two years tread back into the market.”

Bottom Line

If you’re considering entering the luxury market, 2020 is shaping up to be a great year for those who are ready to make that move. Contact your local real estate professional to set your real estate plan for the year.

Dec. 17, 2019

Housing Inventory Remains Low

December 2019: The Buyer Stakes Are High Because Inventory Is Low

 

December 2019: The Buyer Stakes Are High Because Inventory Is Low

The reality of what we’re seeing this month is that homes are selling fast. In today’s strong seller’s market, bidding wars are common and expected with starter or entry-level homes.

In most areas of the country, first-time buyers have been met with fierce competition throughout their homebuying experience. Some have been out-bid multiple times before finally going into contract on a home to call their own.

Right now, inventory is the big challenge. Here’s what we know today:

According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), there is currently a 3.9-month supply of homes for sale, which can drive this kind of hefty buyer competition. Remember, anything less than 6 months of inventory is a seller’s market.

Even though the month’s supply of inventory is not increasing, ironically, the number of homes for sale is. This means homes are coming up for sale, but they’re being sold quickly. The graph below shows the year-over-year change in inventory over the last 12 months.December 2019: The Buyer Stakes Are High Because Inventory Is Low | Keeping Current MattersAs depicted above, the percentage of available inventory has fallen for four consecutive months when compared to the previous year.

So, what does this mean? If you’re a buyer, be sure to get pre-approved for a mortgage and be ready to make a competitive offer, so you can move quickly. Chances are, homes high on your wish list are likely going to go fast.

Bottom Line

If you’re thinking of buying a home, make sure you’re taking the right steps at the beginning of the process, so you’re a top contender if you ultimately find yourself in a bidding war. Reach out to a local real estate professional to determine what you need to do to make your move toward homeownership.

Oct. 24, 2019

Regardless of the Price, You’re Going to Need Home Buyer Advice

Depending on the Price, You’re Going to Need Advice

In real estate today, there are essentially three different price points in the market: the starter-home market, the middle-home market, and the premium or luxury market. Each one is unique, and depending on the city, the price point in these categories will vary. For example, a starter or lower-end home in San Francisco, California is much more expensive than almost any other part of the country. Let’s explore what you need to know about each of these tiers.

Starter-Home Market: This market varies by price, and these homes are typically purchased by first-time home buyers or investors looking to flip them for a profit. Across the country, homes in this space currently have less than 6 months of inventory for sale. That means there aren’t enough homes on the lower end of the market for the number of people who want to buy them. A low supply like this generally increases competition, drives bidding wars, and sets up an environment where homes sell above the listing price. According to data from the National Association of Realtors (NAR) on realtor.com,

“The desire for affordability continues to push down the inventory for homes listed for less than $200,000.00.”

Middle-Home Market: This segment is often thought of as the move-up market. Typically, the buyer in this market is moving up to a larger, more custom home with more features, all coming at a higher price. Across the country, this market is looking more balanced than the lower end of the market, meaning it has closer to a 6-month supply of inventory for sale. This market is more neutral, but leaning towards a seller’s market.

Premium & Luxury Home Market: This is the top end of the market with larger homes that have even more custom features and upgrades. Nationwide, this market is growing in the number of homes for sale. In the same realtor.com article, we can see that year-over-year inventory of homes in this tier has grown by 4.7%. Today, there are more homes available in the premium and luxury space, leading to more of a buyer’s market at this end.

Bottom Line

Depending on the segment of the market and the price point you’re looking at, you’re going to need the advice of a true local market expert to help you successfully navigate the home-buying or selling process.

Sept. 23, 2019

Interview Business Success

#realestate #relocation #trelocationtexas #realestateisabusiness #dallasrealtor #newhomespecialist #newhome #friscorealtor #texasrealtor 

Aug. 19, 2019

Buying a Home: Common Terms in Home Buying Process

Buying a Home: Do You Know the Lingo?

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.’

#stitzingerteam #littleelmrealtor #friscorealtor #prosperrealtor #dallasrealtor #newhome #dallasrelocation #northtexasrealtor #northtexashome  #northtexasrelocation #littleelmtx #friscotx #prospertx #planotx #lakefront #luxuryhome #luxury

July 29, 2019

3 Expert Insights On Inventory In The Current Housing Market

 

3 Expert Insights On Inventory In The Current Market | MyKCM

The current housing landscape presents greater home values, low interest rates, and high buyer demand. All of these factors point to the strong market forecasted to continue throughout the rest of the year.

There is, however, one thing that may cause the industry to tap the brakes: an overall lack of housing inventory. Buyer demand naturally increases during the summer months, but the current supply is not keeping up.

Here is a look at what a few industry experts have to say:

Lawrence Yun, Chief Economist at National Association of Realtors

“Imbalance persists for mid-to-lower priced homes with solid demand and insufficient supply, which is consequently pushing up home prices.”

Mark Fleming, Chief Economist of First American

“Market conditions are ripe for increasing home sales with one glaring exception. The supply of homes for sale remains tight, keeping existing home sales below potential.”

Danielle Hale, Chief Economist of Realtor.com

“We're not seeing as many new listings come up on the market…It was only 18 months ago that the number of homes for sale hit its lowest level in recorded history and sparked the fiercest competition among buyers we've ever seen.”

Bottom Line

If you’re thinking of selling, now may be the time. Demand for your house will be strong during a period when there is very little competition, ideally leading to a quick sale and a great return on your investment.

#stitzingerteam #littleelmrealtor #friscorealtor #prosperrealtor #dallasrealtor #newhome #dallasrelocation #northtexasrealtor #northtexashome  #northtexasrelocation #littleelmtx #friscotx #prospertx #planotx #lakefront #luxuryhome #luxury #teamstitzinger

July 22, 2019

Is Your First Home Now Within Your Grasp?

Is Your First Home Now Within Your Grasp? 

Is Your First Home Now Within Your Grasp? [INFOGRAPHIC] | MyKCM

Some Highlights:

  • According to the US Census Bureau, “millennials” are defined as 18-36-year-olds.
  • According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 32.
  • More and more “old millennials” (25-36) are realizing that homeownership is within their grasp now!

#stitzingerteam #littleelmrealtor #friscorealtor #prosperrealtor #dallasrealtor #newhome #dallasrelocation #northtexasrealtor #northtexashome  #northtexasrelocation #littleelmtx #friscotx #prospertx #planotx #lakefront #luxuryhome #luxury