Collin County Real Estate Blog.

Existing Home Sales Surge into Summer

Existing Home Sales Surge into Summer

Some Highlights: Existing Home Sales reached their third highest mark this year in May. Inventory of homes for sale has dropped 8.4% since last year, marking the 24th consecutive month of year-over-year declines. NAR’s Chief Economist, ...

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Buyer's Market Helps Premium Home Sales Soar

Buyer's Market Helps Premium Home Sales Soar

We previously reported how a shortage of inventory in the starter and trade-up home markets is driving prices up and causing bidding wars, creating a true seller’s market. At the same time, in the premium home market, an over-abundance of ...

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Pre-Approval Should Always Be Your First Step

Pre-Approval Should Always Be Your First Step

In McKinney, Frisco, Plano and many other Collin County cities, the number of buyers searching for their dream homes greatly outnumbers the amount of homes for sale. This has led to a competitive marketplace where buyers often need to stand ...

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2 Myths Holding Back Home Buyers

2 Myths Holding Back Home Buyers

In Realtor.com’s recent article, “Home Buyers’ Top Mortgage Fears: Which One Scares You?” they mention that “46% of potential home buyers fear they won’t qualify for a mortgage to the point that they don’t ...

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Best Neighborhoods In Prosper Tx

Best Neighborhoods In Prosper Tx

Prosper Texas was official established in 1914 and consists of roughly 23 square miles and 22,000 residents and about 8,000 homes. This beautiful north Texas town sits in both Denton and Collin counties and has amazing homes on acerage lots and the ...

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The Cost of Renting vs. Buying in the US

The Cost of Renting vs. Buying in the US

Some Highlights: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (29.2%) vs. the percentage needed to buy a median-priced home (15....

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Buying Is Now 33.1% Cheaper Than Renting in the US

Buying Is Now 33.1% Cheaper Than Renting in the US

  The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. The updated numbers actually ...

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Top Home Renovations for ROI

Top Home Renovations for ROI

Some Highlights: Whether you are selling your home, just purchased your first home, or are a homeowner planning to stay put for a while, there is value in knowing which home improvement projects will net you the most Return On Investment (ROI)....

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Are Home Prices Approaching Bubble Territory?

Are Home Prices Approaching Bubble Territory?

As home values continue to rise, some are questioning whether we are approaching another housing bubble. Zillow just reported that: “National home values have surpassed the peak hit during the housing bubble and are at their highest value in ...

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Homeownership Is a Good Financial Investment!

Homeownership Is a Good Financial Investment!

According to a recent report by Trulia, “buying is cheaper than renting in 100 of the largest metro areas by an average of 33.1%.” The report may have some people thinking about buying a home instead of signing ...

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The TRUTH Behind the RENT vs. BUY Debate

The TRUTH Behind the RENT vs. BUY Debate

In a blog post published last Friday, CNBC’s Diana Olnick reported on the latest results of the FAU Buy vs. Rent Index. The index examines the entire US housing market and then isolates 23 major markets for comparison. The researchers at FAU ...

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4 Reasons to Buy This Summer!

4 Reasons to Buy This Summer!

Here are four great reasons to consider buying a home today, instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 7.1% over the last 12 months. The same report ...

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69% of Buyers are Wrong About Down Payment Needs

69% of Buyers are Wrong About Down Payment Needs

According to a recent survey conducted by Genworth Financial Inc. at the Annual Mortgage Bankers’ Association Secondary Market Conference, mortgage professionals say that first-time buyers still believe a 20% down payment is necessary to buy ...

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The Interest Rate Impact

The Interest Rate Impact

Some Highlights: Interest rates have come a long way in the last 30 years. The interest rate you secure directly impacts your monthly payment and the amount of house that you can afford if you plan to stay within a certain budget. Interest rates ...

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Mortgage Interest Rates Reverse Course in 2017

Mortgage Interest Rates Reverse Course in 2017

To start the year, housing experts all agreed on one thing: 2017 was going to be the year we would see mortgage interest rates begin to rise. After years of historically low rates, and an improving economy, the question wasn’t if they would ...

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