tag:blogger.com,1999:blog-84143295813982491462024-02-24T14:46:21.763-06:00J.T. Oden (the Real Estate Man)Real Estate done the way you want it. Murphy, Richardson, Plano and surrounding communities real estate information, sales, investing, and community information.JTOden Realtyhttp://www.blogger.com/profile/03242091807643028724noreply@blogger.comBlogger162125tag:blogger.com,1999:blog-8414329581398249146.post-44324625145577688902024-01-29T10:48:00.000-06:002024-01-29T10:48:17.194-06:00Flat is here to stay, for now.<p> A flat real estate market isn't that bad and it isn't that unusual. In the nearly <b>20</b> <b>years</b> I've been a REALTOR(R), the market could be characterized as flat at least half of that time. I believe a flat market is a good opportunity and is the most capitalist market cycle we experience. It truly is a free market!</p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgJ2vZVDkSzp4xue40HAjOmvbnG6rezSDJ6H9BQsE4VkG1XjenNcpGkIi64mqDtryC8TcHE_3tcEGXTYA6YS5BWP70F299e1_ys8fwIqL37fHMsfYfMj19R_K6kDt6NdX8qFv7SaODg6elYSR0v2Hn7tkFEhSpHlASgAJet5A3pnykFYSJF2RWfOK_cXHM/s1098/Screenshot%202024-01-29%20at%209.15.11%E2%80%AFAM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="612" data-original-width="1098" height="223" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgJ2vZVDkSzp4xue40HAjOmvbnG6rezSDJ6H9BQsE4VkG1XjenNcpGkIi64mqDtryC8TcHE_3tcEGXTYA6YS5BWP70F299e1_ys8fwIqL37fHMsfYfMj19R_K6kDt6NdX8qFv7SaODg6elYSR0v2Hn7tkFEhSpHlASgAJet5A3pnykFYSJF2RWfOK_cXHM/w400-h223/Screenshot%202024-01-29%20at%209.15.11%E2%80%AFAM.png" width="400" /></a></div><br />From <b>2005</b>-<b>2008</b> the North Texas real estate was balanced between sellers and buyers. Sellers competed for offers and buyers had reasonable leverage in transactions. However, nationally and also in Texas, sales were unnaturally boosted by bad political policy and irresponsible lending practices that all came crashing down. <b>Texas</b> <b>recovered</b> <b>sooner</b> than most states and by <b>2015</b> demand soared and prices followed--<i>homes sold in hours, not days!</i> That hot, seller's market just got hotter until the big <span style="font-size: x-small;">Covid-19</span> blast 5 years later. In <b>Texas</b>, that barely slowed us down but the fire did seem to run low on fuel. Severe inflation and recession-like conditions have extinguished that inferno and we are in a constricting but balanced market.<p></p><p>The biggest change was the erosion of the <b>seller's</b> <b>invulnerability</b>. High prices and multiple offers are now <b>rare</b>. There is a home in my neighborhood that has been for sale for nearly <b>2 years</b>! That's unusual and not really the market's fault. Contracts now encounter buyer terminations over home repairs, property conditions, and fatal negotiations. More than ever, <b>Your Broker Matters™! </b> </p><p>These market forces are fair to both sides. A seller must put forth a solid product and be flexible over any deferred maintenance (home repairs). <a href="https://www.kcquality.com/about.html">Home inspections</a> are as vital as ever. Buyers have to have their financing clear and a local, reputable lender is a must. Homes that are rare, or in extraordinary condition will still sell quickly. Homes that lack, will sit. Buyers who have cash will have some muscle but a solid lending strategy is very competitive since sellers have more concern over their vulnerability.</p><p>Wow.. if you've read all of this, you are either related to me or on my payroll! </p><p>I hope that this post serves to enlighten, clarify and inspire both buyers and sellers that now Is a great time to sell and buy. I didn't say an easy time, but a good time it certainly can be. </p><p>...if you have <a href="mailto:jt@jtoden.net">the right broker</a>.</p>JTOden Realtyhttp://www.blogger.com/profile/03242091807643028724noreply@blogger.com0tag:blogger.com,1999:blog-8414329581398249146.post-57384431279880770682023-10-11T13:00:00.025-05:002023-10-11T13:18:31.994-05:00The Fate of the Fall Housing Market<p> <span face="Roboto, sans-serif" style="background-color: white; font-size: 16px;">The housing market is stuck—and isn’t likely to unstick itself this fall.</span></p><p speechify-initial-font-family="Roboto, sans-serif" speechify-initial-font-size="16px" style="background-color: white; box-sizing: border-box; cursor: default; font-family: Roboto, sans-serif; font-size: 16px; line-height: 24px; margin: 0px 0px 35px; scroll-behavior: auto;" title="">Pinned down by high <a href="https://www.realtor.com/mortgage/rates/" rel="noopener" speechify-initial-font-family="Roboto, sans-serif" speechify-initial-font-size="16px" style="background-color: transparent; box-sizing: border-box; color: #3377cc; scroll-behavior: auto; text-decoration-line: none;" target="_blank">mortgage rates</a>, nearing 8%, the market has slowed to a crawl. Buyers can’t afford to buy, sellers are reluctant to sell, and the <a href="https://www.realtor.com/news/trends/the-housing-shortage-has-hit-crisis-levels/" speechify-initial-font-family="Roboto, sans-serif" speechify-initial-font-size="16px" style="background-color: transparent; box-sizing: border-box; color: #3377cc; scroll-behavior: auto; text-decoration-line: none;" target="_blank">number of available homes remains dangerously low</a>. That shortage has led to rising home prices again, forcing many would-be buyers to put their American dream on hold.</p><div class="product-specific-widget diagonal_widget_block common_con_widget dream_home_finance_widget:start_searching" id="dream_home_finance_widget:start_searching" speechify-initial-font-family="Roboto, sans-serif" speechify-initial-font-size="16px" style="background-color: white; box-sizing: border-box; color: #333333; cursor: pointer; filter: drop-shadow(rgba(0, 0, 0, 0.06) 1px 3px 10px); font-family: Roboto, sans-serif; font-size: 16px; max-width: 830px; padding: 16px 0px; scroll-behavior: auto; width: 830px;"><a class="diagonal_widget_btn product_specific_widget_link" data-widget-action="dream_home_finance_widget:start_searching" href="https://www.realtor.com/realestateandhomes-detail/M7785308361" speechify-initial-font-family="Roboto, sans-serif" speechify-initial-font-size="16px" style="background-color: transparent; box-sizing: border-box; color: #3377cc; cursor: pointer; display: block; scroll-behavior: auto; text-decoration-line: none;" target="_blank"><div id="diagonal_widget_container" speechify-initial-font-family="Roboto, sans-serif" speechify-initial-font-size="16px" style="background-color: #d92228; box-sizing: border-box; display: flex; flex-flow: wrap; justify-content: space-between; margin-bottom: 15px; max-width: 821px; min-height: 200px; scroll-behavior: auto; width: 821px;"><div class="diagonal_column_first" speechify-initial-font-family="Roboto, sans-serif" speechify-initial-font-size="16px" style="align-content: center; align-items: center; box-sizing: border-box; color: white; display: flex; flex-wrap: wrap; padding: 22px 0px 22px 22px; scroll-behavior: auto; width: 410.5px;"><div class="diagonal_logo_image" speechify-initial-font-family="Roboto, sans-serif" speechify-initial-font-size="16px" style="box-sizing: border-box; scroll-behavior: auto;"><img alt="realtor_logo" class="diagonal_widget_logo_icon" speechify-initial-font-family="Roboto, sans-serif" speechify-initial-font-size="16px" src="https://www.realtor.com/wp-content/themes/realtor2015/images/realtor-agent-widget-logo.svg" style="all: unset;" /></div><h2 class="diagonal_widget_heading conversion_widget_desktop" speechify-initial-font-family="Roboto" speechify-initial-font-size="24px" style="box-sizing: border-box; cursor: default; font-family: Roboto; font-size: 24px; letter-spacing: 0px; line-height: 32px; margin: 0px 0px 2px; scroll-behavior: auto; width: 388.5px;" title="">Find the right home for you</h2><p class="diagonal_widget_description conversion_widget_desktop" speechify-initial-font-family="Roboto, sans-serif" speechify-initial-font-size="14px" style="box-sizing: border-box; cursor: default; font-size: 14px; line-height: 20px; margin: 0px 0px 12px; scroll-behavior: auto; text-align: unset; width: 388.5px;" title="">Personalize your search to find a home that fits your needs</p><button class="diagonal_widget_button conversion_widget_desktop" speechify-initial-font-family="Roboto, sans-serif" speechify-initial-font-size="14px" style="appearance: button; background-color: white; border-color: rgb(217, 34, 40); border-radius: 20px; border-style: solid; border-width: 1px; color: #d92228; cursor: pointer; display: block; font-family: inherit; font-feature-settings: inherit; font-kerning: inherit; 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transform-origin: unset; transform-style: unset; transform: unset; transition: unset; translate: unset; user-select: unset; vector-effect: unset; vertical-align: unset; view-timeline-inset: unset; view-timeline: unset; view-transition-name: unset; visibility: unset; white-space: unset; widows: unset; width: 410.5px; will-change: unset; word-break: unset; word-spacing: unset; writing-mode: unset; x: unset; y: unset; z-index: unset; zoom: unset;" /></picture></div></div></a></div><p speechify-initial-font-family="Roboto, sans-serif" speechify-initial-font-size="16px" style="background-color: white; box-sizing: border-box; cursor: default; font-family: Roboto, sans-serif; font-size: 16px; line-height: 24px; margin: 0px 0px 35px; scroll-behavior: auto;" title="">Home sales have dropped sharply this year as there aren’t many homes available to purchase. Most sellers are also buyers, so they don’t want to give up the ultralow mortgage rates they secured during the COVID-19 pandemic to buy a new home at a much higher rate. So they’re staying put until rates come down. Mortgage rates averaged 7.49% for 30-year, fixed-rate loans in the week ending Oct. 5, according to Freddie Mac. That’s up from 6.66% a year ago and 2.99% two years earlier.</p><p speechify-initial-font-family="Roboto, sans-serif" speechify-initial-font-size="16px" style="background-color: white; box-sizing: border-box; cursor: default; font-family: Roboto, sans-serif; font-size: 16px; line-height: 24px; margin: 0px 0px 35px; scroll-behavior: auto;" title="">The result? Today’s monthly mortgage payments are about <em speechify-initial-font-family="Roboto, sans-serif" speechify-initial-font-size="16px" style="box-sizing: border-box; scroll-behavior: auto;">90% </em>higher than what they were just two years ago, according to a Realtor.com® analysis.* Most of that increase is due to higher rates.</p><p speechify-initial-font-family="Roboto, sans-serif" speechify-initial-font-size="16px" style="background-color: white; box-sizing: border-box; cursor: default; font-family: Roboto, sans-serif; font-size: 16px; line-height: 24px; margin: 0px 0px 35px; scroll-behavior: auto;" title="">Ironically, high mortgage rates and home prices are a result of the U.S. Federal Reserve trying to bring prices down. The Fed has been hiking its own <a href="https://www.realtor.com/news/trends/did-the-fed-just-hike-rates-for-the-last-time-the-reverberations-are-roiling-the-housing-market/" speechify-initial-font-family="Roboto, sans-serif" speechify-initial-font-size="16px" style="background-color: transparent; box-sizing: border-box; color: #3377cc; scroll-behavior: auto; text-decoration-line: none;" target="_blank">short-term interest rates</a> since last year in its quest to quell inflation. Generally, mortgage rates move in the same direction as the Fed’s rates. So when the Fed raises rates, mortgage rates often go up.</p><p speechify-initial-font-family="Roboto, sans-serif" speechify-initial-font-size="16px" style="background-color: white; box-sizing: border-box; cursor: default; font-family: Roboto, sans-serif; font-size: 16px; line-height: 24px; margin: 0px 0px 35px; scroll-behavior: auto;" title=""></p><div class="separator" style="clear: both; text-align: center;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVGQXnptT-zWYTVmyIuu41xD215FeGBlQvMIm0Z0ws6XlpQ6UIgZITyezNNaqsNeu4gEFhZbFgd3nmQHSB8yD9ghv207NtjSRm8NZhOYdyZvEfeDtXzXAJQOHqnWt2KnRr9FeeZryvbWTv9dD_24x2oytkKDQW1ujr4Bui5YAZ7GIhfH8IkpD0lwnt0QQ/s1181/Screenshot%202023-10-11%20at%2012.56.07%20PM.png" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="680" data-original-width="1181" height="184" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVGQXnptT-zWYTVmyIuu41xD215FeGBlQvMIm0Z0ws6XlpQ6UIgZITyezNNaqsNeu4gEFhZbFgd3nmQHSB8yD9ghv207NtjSRm8NZhOYdyZvEfeDtXzXAJQOHqnWt2KnRr9FeeZryvbWTv9dD_24x2oytkKDQW1ujr4Bui5YAZ7GIhfH8IkpD0lwnt0QQ/w320-h184/Screenshot%202023-10-11%20at%2012.56.07%20PM.png" width="320" /></a></div><span><a name='more'></a></span><div class="separator" style="clear: both; text-align: center;"><br /></div></div><p></p><p speechify-initial-font-family="Roboto, sans-serif" speechify-initial-font-size="16px" style="box-sizing: border-box; cursor: default; font-family: Roboto, sans-serif; font-size: 16px; line-height: 24px; margin: 0px 0px 35px; scroll-behavior: auto; text-align: left;" title=""><span style="background-color: #ffe599;"><b>It’s not all bleak. </b>New-home sales have been strong. Plus, there is historically less competition for homes in the fall. Families with children in school have generally already moved, and many renters have renewed their leases.</span></p><p speechify-initial-font-family="Roboto, sans-serif" speechify-initial-font-size="16px" style="box-sizing: border-box; cursor: default; font-family: Roboto, sans-serif; font-size: 16px; line-height: 24px; margin: 0px 0px 35px; scroll-behavior: auto; text-align: left;" title=""><span style="background-color: white;"><i>“Fall does present this opportunity to buyers every year,”</i> says Realtor.com® Chief Economist <span speechify-initial-font-family="Roboto, sans-serif" speechify-initial-font-size="16px" style="box-sizing: border-box; font-weight: 700; scroll-behavior: auto;">Danielle Hale</span>. <i>"Mortgage rates averaged 7.49% for 30-year, fixed-rate loans in the week ending Oct. 5, according to Freddie Mac." </i> That’s up from 6.66% a year ago and 2.99% two years earlier.</span></p><p speechify-initial-font-family="Roboto, sans-serif" speechify-initial-font-size="16px" style="box-sizing: border-box; cursor: default; font-family: Roboto, sans-serif; font-size: 16px; line-height: 24px; margin: 0px 0px 35px; scroll-behavior: auto; text-align: left;" title=""><span style="background-color: #ffe599;">The gulf between <a href="https://www.realtor.com/news/trends/first-time-buyers-rejoice-builders-are-finally-putting-up-more-affordably-priced-starter-homes/" speechify-initial-font-family="Roboto, sans-serif" speechify-initial-font-size="16px" style="box-sizing: border-box; color: #3377cc; scroll-behavior: auto; text-decoration-line: none;" target="_blank">the cost of a new home and one on the resale market has also narrowed</a>. There was only a $30,000 price difference between a new home, at a median of $430,300, and an existing one, at $407,100 in August, according to the most recent government and National Association of Realtors® data.</span></p><p speechify-initial-font-family="Roboto, sans-serif" speechify-initial-font-size="16px" style="box-sizing: border-box; font-family: Roboto, sans-serif; font-size: 16px; line-height: 24px; margin: 0px 0px 35px; scroll-behavior: auto; text-align: left;"><u style="background-color: white;">Plus, builders are often able to buy down mortgage rates, either permanently or as a <a href="https://www.realtor.com/advice/finance/how-to-lower-mortgage-interest-rate-buy-down/#:~:text=3%2D2%2D1%20buydown,%2C%20Years%204%E2%80%9330)." speechify-initial-font-family="Roboto, sans-serif" speechify-initial-font-size="16px" style="box-sizing: border-box; color: #3377cc; scroll-behavior: auto;" target="_blank">buy-down</a>. This can save buyers substantial amounts of money, even if the savings are only temporary.</u></p><p speechify-initial-font-family="Roboto, sans-serif" speechify-initial-font-size="16px" style="box-sizing: border-box; font-family: Roboto, sans-serif; line-height: 24px; margin: 0px 0px 35px; scroll-behavior: auto; text-align: left;"><span style="background-color: #ffe599;"><span style="font-size: medium;">Want to buy a new home? <b>Your Broker Matters!</b></span><span style="font-size: xx-small;">TM</span></span></p><p><span style="color: #666666; font-size: xx-small;">https://www.realtor.com/news/trends/is-the-fall-housing-market-really-going-nowhere-fast-what-buyers-and-sellers-need-to-know/?MID=2023_1009_NL_Multi_Article&RID=2838190242&cid=eml_promo_Marketing_PRSL_MultiArticleNL_cons.17253062_2023_1009_NL_Multi_Article-article1-blogs_trends</span></p><p><br /></p>JTOden Realtyhttp://www.blogger.com/profile/03242091807643028724noreply@blogger.com0tag:blogger.com,1999:blog-8414329581398249146.post-40195048484661390962023-09-20T12:22:00.000-05:002023-09-20T12:22:01.179-05:00Cheaper Housing ...if you Survive<p>Are you freaked out by the high home prices in North Texas? Well, here are some cities who's home prices that won't break your budget. But as for the rest of you, especially your health and safety, BUYER BEWARE!</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg7Zb9B1OdZPLbSf_g6FkVYRhLL41OxqlGR7dI-eU64QuKAsiO_6d40b3lOKL8ZayPZ3fkKarpIJe1oECrNA0tHmrqvbXyS-PB88ajKpfBRlPlg42t-ABk5McowcHH5HOkzkWi_cxPGQO61gVJV1lbR3rDd9JmtCX3-f8zWDc0FFxC2imc46MhdliBdHWo/s891/Screenshot%202023-09-20%20at%2012.13.47%20PM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="677" data-original-width="891" height="304" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg7Zb9B1OdZPLbSf_g6FkVYRhLL41OxqlGR7dI-eU64QuKAsiO_6d40b3lOKL8ZayPZ3fkKarpIJe1oECrNA0tHmrqvbXyS-PB88ajKpfBRlPlg42t-ABk5McowcHH5HOkzkWi_cxPGQO61gVJV1lbR3rDd9JmtCX3-f8zWDc0FFxC2imc46MhdliBdHWo/w400-h304/Screenshot%202023-09-20%20at%2012.13.47%20PM.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: right;"><br /></div><p style="clear: both; text-align: left;"><span style="text-align: left;">That's not entirely fair to this article. I mean, sure, Flint, MI has that water thing, and my wife really likes bottled water. Sure most of these destinations are just 90-45 minute commutes into a big city like, NYC. But Lawton, OK is probably nice?</span></p><div class="separator" style="clear: both; text-align: left;"><br /></div><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9ZkyKSLa-h8Yq1IUzOsPkCMnRkN8-Khm3jyPxNlDNyHxxigLZUMdN007XZpynlxlr1SqnyfY40VxC6cI5JL3K3x7FGcqv8IHQi0z3aJWjoSOgNLKNVsWUh3S5DqK9WlhzJK8fILD305Bqdi8BrrP1ClxYkBmIVEEVoxa2j2HEf969uGQxD7L2Dbji3Dk/s614/Screenshot%202023-09-20%20at%2012.13.59%20PM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="441" data-original-width="614" height="230" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9ZkyKSLa-h8Yq1IUzOsPkCMnRkN8-Khm3jyPxNlDNyHxxigLZUMdN007XZpynlxlr1SqnyfY40VxC6cI5JL3K3x7FGcqv8IHQi0z3aJWjoSOgNLKNVsWUh3S5DqK9WlhzJK8fILD305Bqdi8BrrP1ClxYkBmIVEEVoxa2j2HEf969uGQxD7L2Dbji3Dk/s320/Screenshot%202023-09-20%20at%2012.13.59%20PM.png" width="320" /></a></div><p></p><p>Just incase I'm not being fair, <a href="https://www.realtor.com/news/trends/affordable-homes-under-250000-ten-cities-with-the-most-houses-less-than-250k/?identityID=5477e7e5083161d154000147&MID=2023_0919_ArticleNL&RID=2838190242&cid=eml_promo_Marketing_NonPRSL_ArticleNL_cons.17160562_2023_0919_ArticleNL-hero-blogs_trends">here's the whole article from REALTOR.COM, written by Evan Wyloge.</a></p>JTOden Realtyhttp://www.blogger.com/profile/03242091807643028724noreply@blogger.com0tag:blogger.com,1999:blog-8414329581398249146.post-54988491621496938372023-06-29T11:59:00.001-05:002023-06-29T11:59:13.459-05:00Sellers Shield Online Disclosure Service<p></p><div class="separator" style="clear: both; text-align: left;">This new tool makes filling out the long, arduous but very necessary sellers disclosure form much easier. The process is easier, the form is just as long, and the principle is the same; when in doubt, disclose, disclose, disclose.</div><div class="separator" style="clear: both; text-align: left;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen='allowfullscreen' webkitallowfullscreen='webkitallowfullscreen' mozallowfullscreen='mozallowfullscreen' width='320' height='266' src='https://www.blogger.com/video.g?token=AD6v5dyEbihW1f9QwbRWRGd4geO7Ha5tUUmdG5iyarzvdq2J754lEYieYovcBHqLzH_oTA8l9sJfcHyPe_dkE9TBew' class='b-hbp-video b-uploaded' frameborder='0'></iframe></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><br /><p></p>JTOden Realtyhttp://www.blogger.com/profile/03242091807643028724noreply@blogger.com0tag:blogger.com,1999:blog-8414329581398249146.post-5533385756551989992023-03-11T17:29:00.003-06:002023-03-11T17:29:33.023-06:00How the 2023 Texas real estate market is taking shape<p><i>From the Texas Association of REALTORS(R)</i></p><p><span style="background-color: white; color: #333333; font-family: Barlow, sans-serif; font-size: 16px;">How can you prepare for the rest of 2023 when the last few years have been so unpredictable?</span></p><p style="background-color: white; box-sizing: inherit; color: #333333; font-family: Barlow, sans-serif; font-size: 16px; margin: 0px 0px 1rem; padding: 0px;">The Texas Real Estate Research Center released the 2023 Texas Economic Forecast in December. Researchers made educated guesses by using their understanding of economic and market conditions and past market trends, the report says.</p><p style="background-color: white; box-sizing: inherit; color: #333333; font-family: Barlow, sans-serif; font-size: 16px; margin: 0px 0px 1rem; padding: 0px;">Lead Data Analyst Joshua Roberson recently shared what he’s watching this year and how it could impact buyers, sellers, and renters.</p><h3 style="background-color: white; box-sizing: inherit; color: #333333; font-family: "Barlow Condensed", sans-serif; font-size: 1.875rem; font-weight: 400; line-height: 1.1; margin: 3rem 0px 1rem; padding: 0px;">Inflation will continue</h3><p style="background-color: white; box-sizing: inherit; color: #333333; font-family: Barlow, sans-serif; font-size: 16px; margin: 0px 0px 1rem; padding: 0px;">Inflation will be the metric to watch in 2023. Inflation rose rapidly last year, and the Federal Reserve responded by raising interest rates. Making it more expensive to borrow money cools off inflation but also decreases buying power.</p><p style="background-color: white; box-sizing: inherit; color: #333333; font-family: Barlow, sans-serif; font-size: 16px; margin: 0px 0px 1rem; padding: 0px;">The Research Center predicts inflation will likely stay elevated this year. Even if the Federal Reserve does rein in inflation, we probably won’t feel the effects immediately or completely.</p><p style="background-color: white; box-sizing: inherit; color: #333333; font-family: Barlow, sans-serif; font-size: 16px; margin: 0px 0px 1rem; padding: 0px;">Global events also affect inflation. “What happens in one country spills over to the U.S. market,” he says. “If China shuts down because of COVID-19 or the oil markets are in flux because of the war in Ukraine, there’s only so much the Federal Reserve can do.”</p><p style="background-color: white; box-sizing: inherit; color: #333333; font-family: Barlow, sans-serif; font-size: 16px; margin: 0px 0px 1rem; padding: 0px;">Inflation impacts Texas real estate because higher interest rates push buyers out of the market. Qualified buyers may delay purchases until rates come down. Texas is somewhat protected from these consequences because of the steady stream of new residents, Roberson says. As a result, Texas is in a better position to bounce back compared with other states.</p><h3 style="background-color: white; box-sizing: inherit; color: #333333; font-family: "Barlow Condensed", sans-serif; font-size: 1.875rem; font-weight: 400; line-height: 1.1; margin: 3rem 0px 1rem; padding: 0px;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgMiBTwUkfwXffN4e0hlJFPKEckRBkLfGwheMAUe599cjDo99Iq5m8MvDWSttMPqyVWOEGADzvqr6Nn9JkUjRTFt16p8v77Abom09w_aCKHDPzBU0NZJrUSkKnvwnTeofDxP1mqNfnhAyIWCSa43s0qVdlRm8a6orJi4w__rCfQee_EAIwDDsZMfc2d/s425/Screen%20Shot%202023-03-11%20at%205.27.31%20PM.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="425" data-original-width="243" height="458" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgMiBTwUkfwXffN4e0hlJFPKEckRBkLfGwheMAUe599cjDo99Iq5m8MvDWSttMPqyVWOEGADzvqr6Nn9JkUjRTFt16p8v77Abom09w_aCKHDPzBU0NZJrUSkKnvwnTeofDxP1mqNfnhAyIWCSa43s0qVdlRm8a6orJi4w__rCfQee_EAIwDDsZMfc2d/w262-h458/Screen%20Shot%202023-03-11%20at%205.27.31%20PM.png" width="262" /></a></div>Expect moderate price growth<br /></h3><p style="background-color: white; box-sizing: inherit; color: #333333; font-family: Barlow, sans-serif; font-size: 16px; margin: 0px 0px 1rem; padding: 0px;">Texas home prices and rents could not keep growing like they did during the pandemic, the Research Center says. “The way I look at it, back in 2019 we were having conversations about declining housing affordability. Then COVID-19 threw everything into a whole other gear,” according to Roberson.</p><p style="background-color: white; box-sizing: inherit; color: #333333; font-family: Barlow, sans-serif; font-size: 16px; margin: 0px 0px 1rem; padding: 0px;">Prices partly rose because of low mortgage interest rates in 2019-2021. Buyers lost 40% of their purchasing power when rates leapt from 2.65% in January 2021 to around 7% last fall. The 30-year mortgage rate in February 2023 was 6.12%. That feels high compared to recent years but 6%-7% is closer to historical norms, Roberson says.</p><p style="background-color: white; box-sizing: inherit; color: #333333; font-family: Barlow, sans-serif; font-size: 16px; margin: 0px 0px 1rem; padding: 0px;">“COVID-19 was a special period of time with interest rates being as low as they were,” Roberson says. “People had a lot of money they couldn’t spend on anything else but their homes. We thought we’d be in our homes a lot more than we were. We couldn’t sustain those numbers. For Austin to experience 30% to 40% year-over-year price growth, that was unique. Things are leveling off.”</p><p style="background-color: white; box-sizing: inherit; color: #333333; font-family: Barlow, sans-serif; font-size: 16px; margin: 0px 0px 1rem; padding: 0px;">The Research Center predicts moderate home price and rent growth in 2023. The median home price in November 2019 was around $250,000. Last June it was $349,000. It’s down to $333,000 now but Roberson doesn’t see a return to the $250,000 range. Any fall in prices definitely won’t come close to the nosediving levels of the 2007-2009 Great Recession. Texas has a tight supply of homes and still-strong demand.</p><h3 style="background-color: white; box-sizing: inherit; color: #333333; font-family: "Barlow Condensed", sans-serif; font-size: 1.875rem; font-weight: 400; line-height: 1.1; margin: 3rem 0px 1rem; padding: 0px;">Sales will slow down</h3><p style="background-color: white; box-sizing: inherit; color: #333333; font-family: Barlow, sans-serif; font-size: 16px; margin: 0px 0px 1rem; padding: 0px;">Higher mortgage rates and higher asking prices will slow sales even as price growth moderates, the Research Center predicts. “2022 had fewer sales than the previous year, but sales still exceeded 2019,” Roberson says. “Even if there was a decline, sales were still good. It’s just that everything will look disappointing compared to 2021.”</p><p style="background-color: white; box-sizing: inherit; color: #333333; font-family: Barlow, sans-serif; font-size: 16px; margin: 0px 0px 1rem; padding: 0px;">Roberson watches days on market and months of inventory, which are both slowly increasing. Texas continues to have limited inventory at the lower price points, even with new homes being built. The housing market in general remains undersupplied. He also watches list-to-sale price comparisons.</p><h3 style="background-color: white; box-sizing: inherit; color: #333333; font-family: "Barlow Condensed", sans-serif; font-size: 1.875rem; font-weight: 400; line-height: 1.1; margin: 3rem 0px 1rem; padding: 0px;">Are we headed to recession?</h3><p style="background-color: white; box-sizing: inherit; color: #333333; font-family: Barlow, sans-serif; font-size: 16px; margin: 0px 0px 1rem; padding: 0px;">One of the biggest questions for the Research Center was whether the economy is headed into recession, Roberson says.</p><p style="background-color: white; box-sizing: inherit; color: #333333; font-family: Barlow, sans-serif; font-size: 16px; margin: 0px 0px 1rem; padding: 0px;">If there is a mild recession, job and housing growth will flatten. “More than likely, that’s the best-case scenario for this year,” he says. If the recession is more significant or persistent, there will be a loss of real wages and buying power. The economy will tighten and housing sales will continue to fall.</p><p style="background-color: white; box-sizing: inherit; color: #333333; font-family: Barlow, sans-serif; font-size: 16px; margin: 0px 0px 1rem; padding: 0px;">How consumers feel about the economy can be as important as the actual numbers themselves, Roberson says. Pessimistic attitudes influence purchasing decisions, like houses, which end up in the data. “Inflation is the big pain point,” he says. “That eclipses everything else. Even though it’s improved, it’s still elevated. And people feel it, especially when buying food.”</p><p style="background-color: white; box-sizing: inherit; color: #333333; font-family: Barlow, sans-serif; font-size: 16px; margin: 0px 0px 1rem; padding: 0px;"><br /></p><p style="background-color: white; box-sizing: inherit; color: #333333; font-family: Barlow, sans-serif; font-size: 16px; margin: 0px 0px 1rem; padding: 0px;"><br /></p>JTOden Realtyhttp://www.blogger.com/profile/03242091807643028724noreply@blogger.com0tag:blogger.com,1999:blog-8414329581398249146.post-38154454778024209212021-08-19T09:37:00.004-05:002021-08-19T09:37:54.957-05:00What's ahead for Texas real estate in 2021-22?<p><b>The primary question agents get asked, naturally, "How's the market?"</b></p><p><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIjJCmHkxfol5o54NS7qNggwE4IHxLDc21g7dpzOkFFomdJ3pL391joV3MeWfiWgWBfaT7xAhoAlIyAALPabLr5YAnlsMqkCJ6_M9sdmjEWo53NgpYFK_bWiTscgnU88tasDJHleFglhQ/s2048/del.foreclosure2.jpeg" imageanchor="1" style="clear: left; display: inline !important; float: left; margin-bottom: 1em; margin-right: 1em; text-align: center;"><img border="0" data-original-height="1230" data-original-width="2048" height="120" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIjJCmHkxfol5o54NS7qNggwE4IHxLDc21g7dpzOkFFomdJ3pL391joV3MeWfiWgWBfaT7xAhoAlIyAALPabLr5YAnlsMqkCJ6_M9sdmjEWo53NgpYFK_bWiTscgnU88tasDJHleFglhQ/w200-h120/del.foreclosure2.jpeg" width="200" /></a>The experts at the <a href="https://www.recenter.tamu.edu/news/newstalk-texas/?Item=26340">Texas A&M Real Estate Center</a> say that we Texans can expect interest rates to rise and things to remain about the same. Some improvement in inventory of homes for sale should improve as listings have reached a low and are rising. I hope this will ease some of the price pressures. </p><p>Texas homebuilders can't get all the lumber, labor, appliances, and other construction materials, which is driving up prices and costs yet, home construction should maintain strong positive growth in 2021-2022. </p><p>Maybe the foreclosure market will offer some relief to pressure and price. Federal forbearance ends in the fall of 2021. The housing market could absorb the foreclosed homes and also those homes could be sold with a gain even before they enter foreclosure. We'll see.</p><p>https://www.recenter.tamu.edu/news/newstalk-texas/?Item=26340</p>JTOden Realtyhttp://www.blogger.com/profile/03242091807643028724noreply@blogger.com0tag:blogger.com,1999:blog-8414329581398249146.post-50534901952862023622021-07-06T11:53:00.002-05:002021-07-06T11:53:27.112-05:00The Entire Housing Market is Crazy... even Mobile Homes!<p class="article-date ng-binding" style="background-color: white; box-sizing: border-box; color: #333333; font-family: Lato, sans-serif; font-size: 14px; margin: 0px 0px 15px;">Jul 5, 2021</p><div class="article-content ng-binding" ng-bind-html="story.content" style="background-color: white; box-sizing: border-box; color: #333333; font-family: Lato, sans-serif; font-size: 16px;"><p style="box-sizing: border-box; margin: 0px 0px 15px;">COLLEGE STATION – Production of manufactured homes accelerated in June according to the latest Texas Manufactured Housing Survey (TMHS), contributing to increased business activity. Plant activity chipped away at backlogs that bottled up over the past year amid moderating sales volume.</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgo7_hYatAwb1kqSVIeTtrZmUt_ZCW8M6GAINalOdvhwR3lIAjry0lve0I_n5zAM9AMLaSCYvG2UyFEYI4Bm2TwwaSFrLyAJTxoBJ0pvfIVixEQuLCmceDoCkfoUrJ7XZ4Udv9rUCnA0Ac/" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="" data-original-height="266" data-original-width="474" height="180" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgo7_hYatAwb1kqSVIeTtrZmUt_ZCW8M6GAINalOdvhwR3lIAjry0lve0I_n5zAM9AMLaSCYvG2UyFEYI4Bm2TwwaSFrLyAJTxoBJ0pvfIVixEQuLCmceDoCkfoUrJ7XZ4Udv9rUCnA0Ac/" width="320" /></a></div><br /><br style="box-sizing: border-box;" /><p></p><p style="box-sizing: border-box; margin: 0px 0px 15px;">'Backlogs started to ease for some manufacturers in June, but time will tell if that trend persists through July," said Rob Ripperda, vice president of operations for the Texas Manufactured Housing Association (TMHA). "Production days are reduced by Independence Day, and the summer sales season continues on retail lots."<br style="box-sizing: border-box;" /></p><p style="box-sizing: border-box; margin: 0px 0px 15px;">Manufacturers expanded payrolls to boost activity, but hiring was hindered by on-going labor-supply challenges that drove wages and incentives upward. Survey respondents expect labor-market conditions to improve over the next six months.<br style="box-sizing: border-box;" /></p><p style="box-sizing: border-box; margin: 0px 0px 15px;">In addition to hiring wages and salaries, rising prices for raw materials continued to drive up the cost of production. The TMHS corroborated inflationary pressures, but the rate of price increases slowed slightly.<br style="box-sizing: border-box;" /></p><p style="box-sizing: border-box; margin: 0px 0px 15px;">"Manufacturers are experiencing some relief in lumber prices after a 40 percent decline in June," according to Dr. Harold Hunt, research economist at the Texas Real Estate Research Center at Texas A&M University. "Lumber prices, however, are still almost twice as high as they were last year."<br style="box-sizing: border-box;" /></p><p style="box-sizing: border-box; margin: 0px 0px 15px;">Supply-chain disruptions continued to hinder operations and contributed to higher prices.</p><p style="box-sizing: border-box; margin: 0px 0px 15px;">"Shortages in many other building components, especially those involving the use of chemical resins such as siding and shingles, are negatively impacting the construction process," said Hunt.<br style="box-sizing: border-box;" /></p><p style="box-sizing: border-box; margin: 0px 0px 15px;">These challenges weighed on industry optimism, but the outlook for Texas’ manufactured housing industry remains favorable for the rest of the year.</p></div><p><br /></p><p> (https://www.recenter.tamu.edu/news/newstalk-texas/?Item=26153)</p><p><br /></p><p><br /></p>JTOden Realtyhttp://www.blogger.com/profile/03242091807643028724noreply@blogger.com0tag:blogger.com,1999:blog-8414329581398249146.post-337940975445968682021-03-30T08:36:00.003-05:002021-03-30T08:36:25.619-05:00Got Tomatoes? <div style="text-align: center;"><span style="font-family: "courier new" , "courier" , monospace; font-size: large;"><b>What do tomatoes have to do with</b> buying or selling your home?? Well, that's an easy one. See, if you hire <b>JTOden Realty</b> to personally assist & represent you in your real estate ventures, you <b>enjoy the FRUIT</b> of a <b>wise</b> and <b>happy</b> decision. </span></div><div style="text-align: center;"><span style="font-family: "courier new" , "courier" , monospace; font-size: large;"><br /></span></div><div style="text-align: center;"><span style="font-family: "courier new" , "courier" , monospace; font-size: large;"><b>If you</b> hire some other licensee, you'll be </span></div><div style="text-align: center;"><span style="font-family: "courier new" , "courier" , monospace; font-size: large;">using those tomatoes as <b>rotten projectiles</b>. </span></div><div style="text-align: center;"><span style="font-family: "courier new" , "courier" , monospace; font-size: large;"><b>This is fact</b>, friends!</span></div><p><br /></p><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen='allowfullscreen' webkitallowfullscreen='webkitallowfullscreen' mozallowfullscreen='mozallowfullscreen' width='320' height='266' src='https://www.blogger.com/video.g?token=AD6v5dzqzr-DN9XKuNMRxN0Q65d9HAVC73_Re8i6DY_-Ixe96bN7JE0nObdXaa6Udp7SZ-58HZg52sqD5uiMUomEVw' class='b-hbp-video b-uploaded' frameborder='0'></iframe></div><div><br /></div>JTOden Realtyhttp://www.blogger.com/profile/03242091807643028724noreply@blogger.com0tag:blogger.com,1999:blog-8414329581398249146.post-79773891610401382202020-03-13T14:30:00.000-05:002020-03-13T14:30:07.690-05:00Happy, Happy, Happy in Plano!<div class="separator" style="clear: both; text-align: right;">
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<a href="https://upload.wikimedia.org/wikipedia/commons/thumb/d/de/WaterTower-Plano-7600.jpg/1200px-WaterTower-Plano-7600.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="https://upload.wikimedia.org/wikipedia/commons/thumb/d/de/WaterTower-Plano-7600.jpg/1200px-WaterTower-Plano-7600.jpg" border="0" class="shrinkToFit" height="320" src="https://upload.wikimedia.org/wikipedia/commons/thumb/d/de/WaterTower-Plano-7600.jpg/1200px-WaterTower-Plano-7600.jpg" width="238" /></a>Well! Plano has ranked second on <a href="https://wallethub.com/edu/happiest-places-to-live/32619/?utm_source=RECON&utm_campaign=170666f7db-EMAIL_CAMPAIGN_2020_03_10_03_37&utm_medium=email&utm_term=0_b815716265-170666f7db-67092353" target="_blank">WalletHub's list</a> of America's happiest cities in 2020. <br class="" />
<br class="" />
The Collin County city ranked fifth in lowest separation and divorce
rate, sixth in emotional and physical well-being, ninth in income and
employment, and 16th in community and environment.<br class="" />
<br class="" />
Austin ranked 22nd overall, the only other Texas city in the top 25. The
Texas capital ranked fifth in highest income growth, sixth in income
and employment, 12th in emotional and physical well-being, and 118th in
community and environment. <br class="" />
<br class="" /> </div>
<div style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;">
Laredo had the lowest suicide rate nationally.<br class="" />
<br class="" />
Fremont, Calif., took the top spot in the overall rankings. The rest of
the top five were San Jose, Calf.; Irvine, Calf.; and Madison, Wis.<br class="" />
<br class="" />
Last year, <a class="" href="https://tamu.us6.list-manage.com/track/click?u=982bc65a76b40d9b51cfa8cd3&id=85293f788b&e=2dd82aa0d6" style="color: navy; font-weight: normal; text-decoration: underline;" target="_blank">Plano was first on WalletHub's list. </a></div>
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<br />JTOden Realtyhttp://www.blogger.com/profile/03242091807643028724noreply@blogger.com0tag:blogger.com,1999:blog-8414329581398249146.post-59310855610790928702020-02-21T12:58:00.004-06:002020-02-21T12:58:58.762-06:00Allen City Council Greenlights an 80-acre Development!<br />
<a class="" href="https://tamu.us6.list-manage.com/track/click?u=982bc65a76b40d9b51cfa8cd3&id=f63ee71709&e=2dd82aa0d6" style="color: navy; font-weight: normal; text-decoration: underline;" target="_blank"><i class="">Dallas Morning News Editor, Steve Brown</i></a> writes that the city council has approved <b>The Avenue</b>, an 80-acre mixed-use development at the southwest corner of SH 121 and Alma Rd.<br />
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEihT5SBu01AgeG8_498IpNsWq13efzLhh61JRG5WVJ3EQB-RRMNBX3Yc6X6xeLqvzMZTe-IxH0y4Vi6Mvs35tSDFyYQZ171p5xUOzPAfX__MNYMiZr99KwfNOykpUAjQKKvZ-sXc0TSpyw/s1600/Screen+Shot+2020-02-21+at+12.52.42+PM.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="534" data-original-width="491" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEihT5SBu01AgeG8_498IpNsWq13efzLhh61JRG5WVJ3EQB-RRMNBX3Yc6X6xeLqvzMZTe-IxH0y4Vi6Mvs35tSDFyYQZ171p5xUOzPAfX__MNYMiZr99KwfNOykpUAjQKKvZ-sXc0TSpyw/s200/Screen+Shot+2020-02-21+at+12.52.42+PM.png" width="183" /></a>
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<br class="" />
The development, previously known as Allen Sports Village, will include:
<br />
<ul class="">
<li class="">one million sf of office space,</li>
<li class="">65 single-family homes,</li>
<li class="">1,600 urban residential units,</li>
<li class="">three hotels, and </li>
<li class="">275,000 sf of retail and restaurant space.</li>
</ul>
<br />
<a href="https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fupload.wikimedia.org%2Fwikipedia%2Fcommons%2Fb%2Fb0%2FFlag_of_Allen%252C_Texas.png&f=1&nofb=1" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="File:Flag of Allen, Texas.png - Wikimedia Commons" border="0" class="detail__media__img-highres js-detail-img js-detail-img-high" height="115" src="https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fupload.wikimedia.org%2Fwikipedia%2Fcommons%2Fb%2Fb0%2FFlag_of_Allen%252C_Texas.png&f=1&nofb=1" style="display: block;" width="200" /></a>Many of the shops and dining venues will be built in old shipping
containers. A food hall and a central outdoor plaza with water features
will be included.<br />
<br />
Developer Thakkar originally proposed building a $500 million sports
complex with a cricket stadium, but the deal was canceled after
neighborhood opposition and the departure of a key player.
JTOden Realtyhttp://www.blogger.com/profile/03242091807643028724noreply@blogger.com0tag:blogger.com,1999:blog-8414329581398249146.post-47831947410462774632020-02-11T16:42:00.000-06:002020-02-11T16:42:17.384-06:00Texas Housing Insights<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_Ix890mUKCFzkKuCBpjoeD_fu6NCyheJSxV0hyO1_bxTGFljDCMsvtPx_3KdwWj_hLMGQh_gMMRrsZ8joBsgtLG9WG5VwLA4HtDmMMCdvETrD7LcOLYQV2WwQo-DIdRfIHY7O-gbSvx0/s1600/a0e7ad66-6734-4f9c-b041-e0fb264d4e63.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1090" data-original-width="1200" height="363" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_Ix890mUKCFzkKuCBpjoeD_fu6NCyheJSxV0hyO1_bxTGFljDCMsvtPx_3KdwWj_hLMGQh_gMMRrsZ8joBsgtLG9WG5VwLA4HtDmMMCdvETrD7LcOLYQV2WwQo-DIdRfIHY7O-gbSvx0/s400/a0e7ad66-6734-4f9c-b041-e0fb264d4e63.png" width="400" /></a></div>
<br />
Courtesy of the <a href="https://www.recenter.tamu.edu/articles/technical-report/Texas-Housing-Insight?utm_source=RECON&utm_campaign=a4ed2d304a-EMAIL_CAMPAIGN_2020_02_11_06_59&utm_medium=email&utm_term=0_b815716265-a4ed2d304a-67092353" target="_blank">Real Estate Center at TAMU</a>.JTOden Realtyhttp://www.blogger.com/profile/03242091807643028724noreply@blogger.com0tag:blogger.com,1999:blog-8414329581398249146.post-19597253524045067162019-09-19T14:36:00.000-05:002020-02-11T16:40:36.770-06:00SOLD New Listing in Murphy, TX 75094 SOLDA great new home for sale with and spa. $315,000 in Murphy, Tx.<br />
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<iframe allowfullscreen='allowfullscreen' webkitallowfullscreen='webkitallowfullscreen' mozallowfullscreen='mozallowfullscreen' width='320' height='266' src='https://www.blogger.com/video.g?token=AD6v5dzGwl8p78uiiVLB0upeOroLkdiesc3pAvcvKBz6F8vH_acLvsrjO4Ya4dX8kmkzd069yYbDTBVRVik2qkMEfw' class='b-hbp-video b-uploaded' frameborder='0'></iframe></div>
<br />JTOden Realtyhttp://www.blogger.com/profile/03242091807643028724noreply@blogger.com0tag:blogger.com,1999:blog-8414329581398249146.post-36626757963714900022019-03-19T14:37:00.005-05:002019-03-19T14:37:58.788-05:00Lubbock still a seller's market<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgqTxdKGKZwpic6E94nvE_Tw8egLN6P5A5EQwD84ceSuCWjBoBVueZBB_2zsM46X6vCiofXsHos3_J6CMjsV-Wm34yHy3_3h8dybHq4sAzxX0kqNOpufQOJF9agJdfS3LQSGOB6bpo11CE/s1600/th.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="372" data-original-width="323" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgqTxdKGKZwpic6E94nvE_Tw8egLN6P5A5EQwD84ceSuCWjBoBVueZBB_2zsM46X6vCiofXsHos3_J6CMjsV-Wm34yHy3_3h8dybHq4sAzxX0kqNOpufQOJF9agJdfS3LQSGOB6bpo11CE/s200/th.jpg" width="173" /></a></div>
<h1 class="" style="color: #202020; display: block; font-family: Helvetica; font-size: 28px; font-style: normal; font-weight: normal; letter-spacing: normal; line-height: 125%; margin: 0px; padding: 0px; text-align: left;">
<br /></h1>
I've been posting and everyone has been talking about the Dallas area real estate market. Specifically, the NE Dallas metroplex area seems to have a balanced (flat) market recently. Well, it's not necessarily state-wide.
The <em class=""><a class="" href="https://tamu.us6.list-manage.com/track/click?u=982bc65a76b40d9b51cfa8cd3&id=5d285de1a9&e=2dd82aa0d6" style="color: navy; font-weight: normal; text-decoration: underline;" target="_blank">Lubbock Avalanche-Journal</a></em>
reports that local home sales slowed but the median price increased in February,
according to data from the Real Estate Center and the Lubbock
Association of Realtors.<br class="" />
<br class="" />Home sales were down 5 percent from February 2018 with 280 homes sold. The median price increased 13 percent to $182,500. The number of active listings grew 7 percent over the year at 1,024 listings. Monthly housing inventory decreased from 2.9 months to 2.7 months in the
same period. The T<a href="https://www.recenter.tamu.edu/" target="_blank">AMU Real Estate Center</a> considers a six- to 6.5-month inventory a
balanced market.<br class="" />
<br class="" />Homes in Lubbock spent an average of 87 days on the market. For more on the Lubbock housing market, read the Center's latest <a class="" href="https://tamu.us6.list-manage.com/track/click?u=982bc65a76b40d9b51cfa8cd3&id=42ef48dabf&e=2dd82aa0d6" style="color: navy; font-weight: normal; text-decoration: underline;" target="_blank">housing report.</a>JTOden Realtyhttp://www.blogger.com/profile/03242091807643028724noreply@blogger.com0tag:blogger.com,1999:blog-8414329581398249146.post-89021070703589365172019-03-13T11:59:00.002-05:002019-03-22T15:51:01.816-05:00Feeling Rich yet?<br />
<div style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;">
</div>
<span style="font-size: large;"><br /></span>
<span style="font-size: large;">Well of course not.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;">But we are officially still in the black, employment-wise. The soothsayers at the Federal Reserve Bank of Dallas adumbrate a modest growth in job-having. The Texas Employment Forecast suggests jobs will grow 1.5 percent this year. So, yeah.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;">Here's a cool chart they made for the occasion...</span><br />
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<a href="https://www.dallasfed.org/-/media/Images/research/forecast/2019/emp190308c1.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="https://www.dallasfed.org/-/media/Images/research/forecast/2019/emp190308c1.png" border="0" class="transparent" height="236" src="https://www.dallasfed.org/-/media/Images/research/forecast/2019/emp190308c1.png" width="400" /></a><br />
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<a href="https://www.dallasfed.org/research/forecast/2019/emp190308.aspx">https://www.dallasfed.org/research/forecast/2019/emp190308.aspx</a><br />
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UPDATE:<br />
<h1 class="" style="color: #202020; display: block; font-family: Helvetica; font-size: 28px; font-style: normal; font-weight: normal; letter-spacing: normal; line-height: 125%; margin: 0px; padding: 0px; text-align: left;">
Texas unemployment holds, 17,700 jobs added in February</h1>
<h1 class="" style="color: #202020; display: block; font-family: Helvetica; font-size: 28px; font-style: normal; font-weight: normal; letter-spacing: normal; line-height: 125%; margin: 0px; padding: 0px; text-align: left;">
</h1>
<h1 class="" style="color: #202020; display: block; font-family: Helvetica; font-size: 28px; font-style: normal; font-weight: normal; letter-spacing: normal; line-height: 125%; margin: 0px; padding: 0px; text-align: left;">
<span style="font-size: small;">AUSTIN (<a class="" href="https://tamu.us6.list-manage.com/track/click?u=982bc65a76b40d9b51cfa8cd3&id=0a74ebca01&e=2dd82aa0d6" style="color: navy; font-weight: normal; text-decoration: underline;" target="_blank">Texas Workforce Commission</a>)
– February marked the 106th consecutive month of annual nonfarm
employment growth as 17,700 seasonally adjusted positions were created,
according to the Texas Workforce Commission. <br class="" />
<br class="" />
Texas' seasonally adjusted unemployment rate held at 3.8 percent. The Texas metro with the lowest nonseasonally adjusted unemployment rate
was Midland at 2.2 percent. McAllen-Edinburg-Mission had the highest at
6.6 percent.<br class="" />
<br class="" />
The mining and logging industry saw the most seasonally adjusted growth
in employment from February 2018 to February 2019, growing 8.4
percent. The information industry was the only sector to see a drop in
employment, falling 1.5 percent.
</span></h1>
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<br />JTOden Realtyhttp://www.blogger.com/profile/03242091807643028724noreply@blogger.com1tag:blogger.com,1999:blog-8414329581398249146.post-43187542538896736892019-03-04T14:06:00.000-06:002019-03-04T09:50:00.649-06:00WSJ says the Boom is Over (this is not new news to us)<div class="separator" style="clear: both; text-align: center;">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjqxHwxPpIj_gk2FhzYXaLiRS2Z4_yCGw9Fsa51r69P_1L48AhXmASy0PfvXg8X6SqM642iZ5Z_qU2j3J5QcIT0kOG34EmPTt_OmAnlYFiwLWiEYpLZ3w8_z3RBOhBkxDyMRb5IIb6h9_E/s1600/Screen+Shot+2019-01-03+at+2.00.19+PM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="525" data-original-width="1014" height="206" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjqxHwxPpIj_gk2FhzYXaLiRS2Z4_yCGw9Fsa51r69P_1L48AhXmASy0PfvXg8X6SqM642iZ5Z_qU2j3J5QcIT0kOG34EmPTt_OmAnlYFiwLWiEYpLZ3w8_z3RBOhBkxDyMRb5IIb6h9_E/s400/Screen+Shot+2019-01-03+at+2.00.19+PM.png" width="400" /></a></div>
<br />
<br />
Y<span style="font-size: large;">up.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;">Local REALTORS have been saying it for months now; the market is even. That means no more ever soaring prices. Yes, Mr. Seller, that means you need to conservatively price your home to sell it. To get an offer. And the offer you get, you better not blow it off because it is too low.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;">And you non-Native Texans? You can't low-ball Texans. It is frowned upon. Also, this isn't a low-ball market. Not by a long shot. Listen friends, it is a FLAT market, or perhaps you'd prefer "even?" <b>It's an even market</b>: as much in the seller's favor as the buyer's </span><br />
<span style="font-size: large;">No overpricing.</span><br />
<span style="font-size: large;">No low-balling.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;">Even.</span><br />
<span style="font-size: large;">Fair.</span><br />
<span style="font-size: large;">Flat.</span><br />
<span style="font-size: large;"><br /></span>
<b><span style="font-size: large;">Even.</span></b><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;"><br /></span>
<span style="font-size: large;"><a href="https://www.wsj.com/articles/the-u-s-housing-boom-is-coming-to-an-end-starting-in-dallas-1543248073?mod=e2fb">https://www.wsj.com/articles/the-u-s-housing-boom-is-coming-to-an-end-starting-in-dallas-1543248073?mod=e2fb</a></span><br />
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<br />JTOden Realtyhttp://www.blogger.com/profile/03242091807643028724noreply@blogger.com0tag:blogger.com,1999:blog-8414329581398249146.post-6052392213975818332018-12-18T08:29:00.000-06:002018-12-18T08:29:14.929-06:00Merry Christmas!!!!<br />
<br />
<a href="https://www.balsamhill.com/origin-history-of-christmas-traditions" title="Visual History of Christmas Traditions Infographic by Balsam Hill"><img alt="Visual History of Christmas Traditions Infographic by Balsam Hill" src="//embed.widencdn.net/img/source/odeatsqiwj/exact/Xmashistory-draft-980.png?quality=70&u=7zxh5x" style="border: none;" /></a><br />
<br />
Christmas is celebrated in a multitude of rich and cherished traditions. This illustrated timeline, brought to you by <a href="http://www.balsamhill.com/">Balsam Hill Christmas Tree Company</a>, captures the flow of some of the most popular Christmas traditions and figures throughout Christmas History.JTOden Realtyhttp://www.blogger.com/profile/03242091807643028724noreply@blogger.com0tag:blogger.com,1999:blog-8414329581398249146.post-82198707430202759872018-12-12T13:36:00.002-06:002018-12-12T13:36:45.442-06:00Help Wanted Hey you loan officer that always email me, spam me, call me.... UGGH! You can't have my buyers/borrowers because they are going to Supreme Lending and my trusted lender, Joe Boggs. However, you CAN go to work at Joe's office!<br />
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<a href="https://joeboggs.supremelendinglo.com/" target="_blank"><img alt="https://joeboggs.supremelendinglo.com/" border="0" data-original-height="643" data-original-width="506" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg_WvW4nOfGeS-Kuv9EYyPaXWTzLpU0xeho5FROywRFTYo_GeSE5bPBGurIVwRqL6EQBDHK4yyrQC9oPCF5VY9b1ahWSdMPRGHPYTAMuhUOgW47AYAWj6tsu3p1Bk1AO_ERSIkPnEJZgmU/s640/Screen+Shot+2018-12-12+at+1.31.48+PM.png" width="500" /></a></div>
<br />JTOden Realtyhttp://www.blogger.com/profile/03242091807643028724noreply@blogger.com0tag:blogger.com,1999:blog-8414329581398249146.post-35792468346234196402018-07-31T15:44:00.002-05:002018-07-31T15:44:31.503-05:00Movin' on UP ...way up NORTH!<br />
<h1 class="epi-fontLg bwalignc">
<b>Texas Real Estate Developers and Global Alternative Investment Firm
Värde Partners Acquire Windsong Ranch in Prosper, Texas</b></h1>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhXnQb6qM29xbXm0DaQyF0QzoaJtDJU4UIoLWz3q-EsTsOeUkcli3xyUZkXpPPrgzHXFU1IE-oU23gWQHLVgKhP76jerv8PENmGrCg8UPgR5nR1_581j-tEZLA6PJq2cS0Z2tykoidaUiE/s1600/Screen+Shot+2018-07-31+at+2.36.50+PM.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="703" data-original-width="619" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhXnQb6qM29xbXm0DaQyF0QzoaJtDJU4UIoLWz3q-EsTsOeUkcli3xyUZkXpPPrgzHXFU1IE-oU23gWQHLVgKhP76jerv8PENmGrCg8UPgR5nR1_581j-tEZLA6PJq2cS0Z2tykoidaUiE/s320/Screen+Shot+2018-07-31+at+2.36.50+PM.png" width="280" /></a></div>
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<a class="" href="https://tamu.us6.list-manage.com/track/click?u=982bc65a76b40d9b51cfa8cd3&id=25854a620d&e=2dd82aa0d6" style="color: navy; font-weight: normal; text-decoration: underline;" target="_blank">Carey Marin at BusinessWire</a>
writes that Tellus Group, a joint venture of Värde Partners and developers
Craig Martin and David Blom, has purchased the Windsong Ranch from the
Terra Verde Group. <br class="" />
<br class="" />
The 2,030-acre master-planned community is at 1001 Windsong Pkwy. S. At
full build-out, the community will have 3,100 single-family homes, 600
acres of open green space, and 150 acres of mixed-use development. <br class="" />
<br class="" />
It will be the first North Texas development to offer a Crystal Lagoon (<i><a href="https://www.bizjournals.com/dallas/news/2018/07/30/crystal-lagoon-plan-for-rowletts-1b-bayside.html" target="_blank">I bet the folks in Rowlett are pretty jealous</a></i>). The five-acre lagoon will open in spring 2019.<br class="" />
<br class="" />
Homes will be priced from the $200,000s to over $1 million. Builders
include American Legend Homes, Belclaire Homes, Britton Homes, Chesmar
Homes, Darling Homes, Drees Custom Homes, Grenadier Homes, Highland
Homes, Huntington Homes, and MainVue Homes.
JTOden Realtyhttp://www.blogger.com/profile/03242091807643028724noreply@blogger.com0tag:blogger.com,1999:blog-8414329581398249146.post-44415217965506145842018-07-12T13:27:00.001-05:002018-07-12T13:27:08.143-05:00DFW home sales see first Y-O-Y decline in nearly two years<h1 class="" style="color: #202020; display: block; font-family: Helvetica; font-size: 28px; font-style: normal; font-weight: normal; letter-spacing: normal; line-height: 125%; margin: 0px; padding: 0px; text-align: left;">
CHILL OUT!</h1>
<br />
Steve Brown at the <a class="" href="https://tamu.us6.list-manage.com/track/click?u=982bc65a76b40d9b51cfa8cd3&id=c6010764a1&e=2dd82aa0d6" style="color: navy; font-weight: normal; text-decoration: underline;" target="_blank"><em class="">Dallas Morning News</em></a> says that North Texas home sales actually fell 3% in June, marking the first year-over-year decline in almost two years. <br class="" />
<br class="" />
Last month, 10,754 preowned single-family homes were sold, according to
data from the Real Estate Center and the North Texas Real Estate
Information Systems. <br class="" />
<br class="" />
With June's decline, preowned home sales are up just 1 percent so far this year compared with 2017's record sales. <br class="" />
<br class="" />
Median home sales prices were up 7 percent over the year, hitting a record high of $273,000. <br class="" />
<br class="" />
There was a three-month supply of homes in the area. The average North Texas home was on the market for 38 days. <br class="" />
<br class="" />
In June, there were 10,998 pending sales. There were 24,174 homes listed for sale in the metro, up 12 percent over the year. <br />
<br />
So, that's a cooling of the market. Not a bursting bubble. A corrective slowdown. We think that is good news. JTOden Realtyhttp://www.blogger.com/profile/03242091807643028724noreply@blogger.com0tag:blogger.com,1999:blog-8414329581398249146.post-83658871252939612032018-02-27T14:21:00.000-06:002018-02-27T14:21:26.885-06:00DFW Prices Still Rising: Appraisers Still Stupid<h1 class="" style="color: #202020; display: block; font-family: Helvetica; font-size: 28px; font-style: normal; font-weight: normal; letter-spacing: normal; line-height: 125%; margin: 0px; padding: 0px; text-align: left;">
Standard & Poor's/Case-Shiller Home Price Index shows that Dallas home prices still increasing, but slowing...</h1>
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</h1>
Steve Brown at the <a class="" href="https://tamu.us6.list-manage.com/track/click?u=982bc65a76b40d9b51cfa8cd3&id=e2dfcee882&e=2dd82aa0d6" style="color: navy; font-weight: normal; text-decoration: underline;" target="_blank"><em class="">Dallas Morning News</em></a> writes that Big D's home prices increased 6.9 percent year over year in December,
according to the Standard & Poor's/Case-Shiller Home Price Index.<br class="" />
<br class="" />
That's slightly higher than the nation's 6.2 percent gain, but it was
the smallest percentage price rise for Dallas home values in almost
five years.<br class="" />
<br class="" />
North Texas home price increases have been slowing for months after hitting record levels in 2017.<br class="" />
<br class="" />
A combination of larger home inventories and buyer push back against
high prices has slowed the rate of area property appreciation, analysts
say.<br />
<br />
In contrast to the proven reputation of the S&P index, you can find a random residential appraiser who will tell you home sales are slowing or stable. Why? Well, most appraisers are just involved in a transaction to get paid. Paid through an archaic and federally supported not-needed dogma that is supposed to protect the buyer. See, the lender has to get an appraisal so that he can resale the loan on the back side to investors but according to the too-influential FHA guidelines.<br />
<br />
The appraiser who takes his job too seriously and refuses to allow for market pressure is a guy who think his shoulders alone can carry the burden of controlling the free market.<br />
<br />
Appraisers... who needs 'em? Your broker matters.<br />
<br />
<br />
JTOden Realtyhttp://www.blogger.com/profile/03242091807643028724noreply@blogger.com0tag:blogger.com,1999:blog-8414329581398249146.post-66940101290085835762017-12-13T10:10:00.001-06:002017-12-13T10:11:29.039-06:00An Amazing Blog PostWow.<br />
This is it.<br />
<br />
This is the moment my website goes viral. <br />
<br />
I should warn the GoDaddy that their servers are about to get overloaded... Here are the new <a href="https://www.trec.texas.gov/article/trecs-advertising-rules-what-you-need-know">TREC</a> advertising rules for real-estate-ors. HOLD ON TO YOUR HATS!<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEisdgsbIYke0zyJJ_biWroFSRntV6enlfkp94LzwsnnjCkpRRBta7O7TM0EXZxICrgfiUJUSy5-Hy_ahSfRo3rSdXAiEuhVTvlHaxqPJxfiHiu_pyFP8xIZkR5aGEGOS6cVivkY2r6Vw9o/s1600/Screen+Shot+2017-12-13+at+10.09.10+AM.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="335" data-original-width="500" height="214" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEisdgsbIYke0zyJJ_biWroFSRntV6enlfkp94LzwsnnjCkpRRBta7O7TM0EXZxICrgfiUJUSy5-Hy_ahSfRo3rSdXAiEuhVTvlHaxqPJxfiHiu_pyFP8xIZkR5aGEGOS6cVivkY2r6Vw9o/s320/Screen+Shot+2017-12-13+at+10.09.10+AM.png" width="320" /></a></div>
<br />
These new rules are... [about] clarity of advertisements for consumers
with the least restrictions on license holders. ...Senate Bill 2212, ...made
changes to the regulations governing advertising for brokers and sales
agents, eliminating an age-old law that the advertiser be identified as a
broker or agent in all advertising. However, it clarifies that an
advertisement is misleading if it fails to include the name of the
broker or implies that a sales agent is responsible for the operation of
a brokerage... <br />
<br />
<br />
<a href="https://www.trec.texas.gov/article/trecs-advertising-rules-what-you-need-know">https://www.trec.texas.gov/article/trecs-advertising-rules-what-you-need-know</a><a href="https://www.trec.texas.gov/article/trecs-advertising-rules-what-you-need-know">https://www.trec.texas.gov/article/trecs-advertising-rules-what-you-need-know</a>JTOden Realtyhttp://www.blogger.com/profile/03242091807643028724noreply@blogger.com0tag:blogger.com,1999:blog-8414329581398249146.post-61366537919905864052017-11-28T16:41:00.000-06:002017-11-28T16:41:30.793-06:00How much income is enough to buy a mid-priced DFW home?<h1 class="" style="color: #202020; display: block; font-family: Helvetica; font-size: 28px; font-style: normal; font-weight: normal; letter-spacing: normal; line-height: 125%; margin: 0px; padding: 0px; text-align: left;">
</h1>
A mortgage resource website reports that a household in the Metroplex
needs more than $59,500 in annual income to qualify for a median-priced
house. That's roughly $4,100 <u><b>more</b></u> than the income needed at the national level.<br class="" />
<br class="" />
The study, by HSH.com, is based on a median home price of <b>$249,000</b> and a 20 percent down payment.<br />
<br />
Finding a $250K home is tough, but it is possible. <br />
<br />
Your Broker will matter, a great deal... JTOden Realtyhttp://www.blogger.com/profile/03242091807643028724noreply@blogger.com1tag:blogger.com,1999:blog-8414329581398249146.post-83696929226263306412017-11-14T14:36:00.000-06:002017-11-14T14:36:17.626-06:00Staging: Setting the Stage <br />
<br />
<span style="font-size: large;"><b><i>World Class Mortgage Officer, Joe Boggs of <a href="https://joeboggs.supremelending.com/Index.aspx">Supreme Lending</a> tell us how to take the mystery out of staging a home to sell:</i></b></span><br />
<br />
<br />
<a href="https://newsletter.homeactions.net/archive/full_article/5664/2473992/1401860/39958" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="Joe Boggs" border="0" src="https://77fe644c572ff1ba8a08-aa3fcb8dba820dc6b4fabb3e45b3ad4d.ssl.cf1.rackcdn.com/images/newsletters/settings/21277/profile/JoeBoggs03.jpg?1421523749" style="border: 0px none; height: auto; line-height: 100%; max-height: 160px; max-width: 130px; outline: medium none;" /></a>Remember the last time you visited a new home development? How did
you feel touring the model? Usually, pleasant memories come to mind
about how well the home looked. That's because it was "showcased"
properly.<img alt="" src="https://77fe644c572ff1ba8a08-aa3fcb8dba820dc6b4fabb3e45b3ad4d.ssl.cf1.rackcdn.com/images/media/19310/article_380/high-rise.jpg?1469199952" style="float: right; height: 253px; margin: 7px; width: 380px;" /><br />
Home showcasing is not about remodeling, fixing up or making your
home look sterile. Instead, it focuses on simple steps to make your home
show like a model without spending a lot of money. The secret is
setting the stage, which helps potential buyers imagine themselves and
their families at home in your "home for sale."<br />
<strong>Strip Down and Build Up</strong><br />
The first step is to clear the set. Take out extraneous furniture,
decorations, pictures, etc. Take each room down to its most basic form,
opening up the living space as much as possible. Then build it back up
to the way you want it to look, as simple as possible, and without
clutter.<br />
Make the strip-down process simpler by stowing packed boxes in a
staging area like the garage, or by renting a storage space to hold
extra furnishings while your home is on the market. In essence, pack up
early.<br />
<strong>Props</strong><br />
When building the set, try to make each room tell a story. Help
potential buyers see themselves in each room. A clever arrangement of
props will make it easy for buyers to imagine writing a letter at the
desk in the kitchen, clicking on the television and enjoying a bowl of
popcorn, turning on the stove and preparing a holiday repast.<br />
Themes for a room can help you narrow down how to display it. You
can, of course, stage the room as you use it now, or choose a particular
motif, i.e. Southwestern, country style, international. Or you could
pick an activity to illustrate on your stage, i.e., relaxed office or
library, gourmet cooking, resort or vacation living. What would you like
to do in that room? Place the props needed for those activities
throughout the room.<br />
<strong>Lighting</strong><br />
Lots of lights open up a room and give it a larger appearance. If
you've been using 50-watt bulbs, move up to 100 watts. If a large living
room has only one lamp, move in another. Open curtains and add mirrors.
When it's being shown, the home should be bright. It makes your home
look like it's in center stage.<br />
<strong>Do Your Homework</strong><br />
Ask what buyers are looking for in your community. What are they
saying about the homes they don't buy? And what is it about the homes
that are selling that make them so popular? By determining your ideal
target buyer, you will better understand how to merchandise your home.
Our experience in your specific neighborhood can help you answer all
these questions and more.<br />
<strong>Aroma Therapy</strong><br />
Almost as important as how a home looks is how it smells. Ask a close
friend to walk through your home—objectively—and take a whiff here and
there. Are there any offensive odors? Is it too perfumy? Too drab?
Stale? Musty? Are there pet odors (which should be fixed—not covered
up)? What can you do to impress potential buyers with aroma therapy?<br />
When it comes time to sell your home, you'll want to work with a real
estate professional who knows all aspects of the selling
process—including showcasing. Call us today to talk about how we can
help you display your home to sell for the best possible price!<br />
<br />
<span style="font-size: large;"><i><b>Email J.T. for a "backstage pass" to staging your home to sell... jt@jtoden.net </b></i></span>JTOden Realtyhttp://www.blogger.com/profile/03242091807643028724noreply@blogger.com0tag:blogger.com,1999:blog-8414329581398249146.post-15972341600678370232017-10-27T16:24:00.001-05:002017-10-27T16:24:52.254-05:00<h1 class="" style="color: #202020; display: block; font-family: Helvetica; font-size: 28px; font-style: normal; font-weight: normal; letter-spacing: normal; line-height: 125%; margin: 0px; padding: 0px; text-align: left;">
73-acre Stacy Green gets green light </h1>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjsdkeNu_Dd_18LT95eV4tURpfB-vf8pUwdOhyhJDe92vY_T6JVY8q6btIKl-G-aJdEjiUXgFpLZ6enoibzVG1J7o5Nk1PHtyNp2FEG1SCj1RIcO3RybpDoHH4w2Skn32wWgowgmx2Qc10/s1600/Screen+Shot+2017-10-27+at+3.55.25+PM.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="521" data-original-width="1091" height="152" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjsdkeNu_Dd_18LT95eV4tURpfB-vf8pUwdOhyhJDe92vY_T6JVY8q6btIKl-G-aJdEjiUXgFpLZ6enoibzVG1J7o5Nk1PHtyNp2FEG1SCj1RIcO3RybpDoHH4w2Skn32wWgowgmx2Qc10/s320/Screen+Shot+2017-10-27+at+3.55.25+PM.png" width="320" /></a></div>
<em class="">Steve Brown with the <a href="https://www.dallasnews.com/business/real-estate/2017/10/25/stacy-green-mixed-use-development-will-bring-office-retail-apartments-allen?utm_source=RECON&utm_campaign=4a77a6005e-EMAIL_CAMPAIGN_2017_10_27&utm_medium=email&utm_term=0_b815716265-4a77a6005e-67092353">Dallas Morning News</a></em><a href="https://www.dallasnews.com/business/real-estate/2017/10/25/stacy-green-mixed-use-development-will-bring-office-retail-apartments-allen?utm_source=RECON&utm_campaign=4a77a6005e-EMAIL_CAMPAIGN_2017_10_27&utm_medium=email&utm_term=0_b815716265-4a77a6005e-67092353"> </a>reported that the Allen City council has approved the development of the 73-acre Stacy
Green mixed-use project at the southwest corner of US 75 and Stacy Rd.
<br class="" />
The project will include over 600 rental units and 500,000 sf of
office, commercial, and retail space. A theater and hotels are also
planned. <br class="" />
<br class="" />
A 13-acre greenbelt and park along Cottonwood Creek will be dedicated to the city but maintained by the developer. <br class="" />
<br class="" />
Provident Realty Advisors and Glaser Retail worked on the plans for 18
months. GFF and Architecture Demarest did design and renderings. Stream
Realty Partners is working on the office component. <br class="" />
<br class="" />
The site is one of the last remaining pieces of the old Stacy family farm.
<br />
<br class="" />JTOden Realtyhttp://www.blogger.com/profile/03242091807643028724noreply@blogger.com0tag:blogger.com,1999:blog-8414329581398249146.post-78353832988884576252017-10-16T17:47:00.000-05:002017-10-16T17:47:16.950-05:00West Dallas is Getting some more Apartments<h1 class="" style="color: #202020; display: block; font-family: Helvetica; font-size: 28px; font-style: normal; font-weight: normal; letter-spacing: normal; line-height: 125%; margin: 0px; padding: 0px; text-align: left;">
<br /></h1>
Steve Brown, real Estate Editor at the <a class="" href="https://tamu.us6.list-manage.com/track/click?u=982bc65a76b40d9b51cfa8cd3&id=7cee018ab5&e=2dd82aa0d6" style="color: navy; font-weight: normal; text-decoration: underline;" target="_blank"><em class="">Dallas Morning News</em></a> Says that Toll Brothers has purchased four acres at the northeast corner of W. Commerce and Pittman Streets.
A seven-story, 280-unit rental community is planned on the site, which is currently occupied by an industrial building. <div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjPZ-O2eHtO2lkz5Q_791Cc3Wa64eykwjPULTzbT0IMHshDzAscsLXe0b_8-Z6HKHHttsWdDOdKHoGLhsIHNHxe0kFOJNasd4PRe3bRr3cyJvvGn5ejpQfFXQJF8l7F7nKwuI6OYsQnS9E/s1600/Screen+Shot+2017-10-16+at+5.46.29+PM.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="516" data-original-width="839" height="245" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjPZ-O2eHtO2lkz5Q_791Cc3Wa64eykwjPULTzbT0IMHshDzAscsLXe0b_8-Z6HKHHttsWdDOdKHoGLhsIHNHxe0kFOJNasd4PRe3bRr3cyJvvGn5ejpQfFXQJF8l7F7nKwuI6OYsQnS9E/s400/Screen+Shot+2017-10-16+at+5.46.29+PM.png" width="400" /></a></div>
<br class="" />
<br class="" />
"The community will break ground in June 2018, with initial deliveries
scheduled for winter of 2019," Toll Brothers' John Piedrahita said. Davidson Bogel Real Estate brokered the deal.
JTOden Realtyhttp://www.blogger.com/profile/03242091807643028724noreply@blogger.com0