Addison, TX Real Estate News

Real Estate Market Report for Addison, Texas:  April 2021 Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 21, as compared to 28 last month.  Fifteen are pre-owned and six are new construction. Currently for sale, there are: 6 single family homes (ranging in price from $265,000 - $2,100,000) No half-duplexes 12 condos ($195,000 – $470,000) 3 townhomes ($365,000 - $699,900) Only six of the available homes have been on the market for longer than 30 days.  The average number of days on the market for the “active” status, pre-owned homes is 44 days, as compared to 69 last month. The median number of days on the market is 10 days, compared to last month’s 42 days.   New listings in AprilTwenty nine h... 05/02/2021

Veteran’s Home Loans for Addison Texas !!If you are reading this, you or a family member have likely served in our military.  First off, we would like to say a sincere “Thank You” for your service!  We recognize that not only do our Veterans sacrifice by serving, but their families do as well-, and we owe you all a debt of gratitude!One of the best benefits Veterans and their families receive due to their service to our great country is the VA home loan benefits.  We are going to outline just a few of these significant benefits in this article for you. Here are some of the major benefits you may receive by using your VA home loan benefits:*100% financing available- one of the very few loans available with no down payment!*Lower rates available than most loan programs- which saves you mo... 04/20/2021

Being an Addison Texas First Time Homebuyer makes you have to consider your options before you buy. The first thing you will need to consider is what your long-term goals are with being a home owner and how your goals fit in with that plan. One goal could be to stop paying rent that just increases after every lease you renew.Buying your own home first is one of the happiest times of your life! However, a lot of paperwork and time goes into it and finding a lender with great reviews will ease much of the stress. But, the satisfaction you get from your first home closing is something you will never forget! The benefits of being an Addison Texas First Time Homebuyer greatly outweighs renting for the following reasons:          Greater privacy.          Homes typically increase in value the... 04/12/2021

The benefits of a preapproval (not prequalification) for Addison Texas Mortgage Loans. Many consumers are not informed on the proper way for buying a home. No question, this is a big decision, and one that can be either immensely stressful- or immensely enjoyable- depending on how you go about the home buying process of Addison Texas Mortgage Loans and the surrounding areas. The key is to take the proper steps to educate yourself on your buying power, initial investment, and taking some time to think about your lifestyle choices. This article will cover all of these.   Education    The steps necessary to purchasing a home in Addison, Texas starts with getting pre-approved for your home loan. Notice we did not say get prequalified- in today’s world a prequalification is not meaningful. Y... 04/07/2021

Real Estate Market Report for Addison, Texas:  March 2021 Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 28, as compared to 27 last month.  Nineteen are pre-owned and 9 are new construction. Currently for sale, there are: 4 single family homes (ranging in price from $449,900 - $2,795,000) 1 half-duplex ($369,000) 17 condos ($195,000 – $469,000) 6 townhomes ($335,000 - $599,000) Nineteen of the available homes have been on the market for longer than 30 days.  The average number of days on the market for the “active” status, pre-owned homes is 69 days, as compared to 77 last month. The median number of days on the market is 42 days, compared to last month’s 61 days.   New listings in MarchTwenty... 04/03/2021

Veterans now have access to a new VA renovation loan to refurbish or remodel their homes.  This loan program is available for new home purchases as well as for remodeling homes currently owned by the veteran.  It is estimated that over 50% of homes nationally are 40 years or older, and in the current housing market many homes are in need of updating, addressing deferred maintenance, or improving the energy efficiency of homes to lower utility costs.VA loan benefits include the following unique advantages:  a.  up to 100% financing, b.  no mortgage insurance, c.  up to $ 35,000 in renovation funds escrowed, d.  all renovations must be completed within 60 days of closing, e.  you can close on a purchase or refinance in the “as is” condition, f. you can borrow against the future value of t... 04/01/2021

Real Estate Market Report for Addison, Texas:  February 2021 Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 27, as compared to 33 last month.  Seventeen are pre-owned and 10 are new construction. Currently for sale, there are: 4 single family homes (ranging in price from $459,900 - $2,195,000) 1 half-duplex ($335,000) 15 condos ($160,000 – $469,000) 7 townhomes ($385,000 - $599,000) Eighteen of the available homes have been on the market for longer than 30 days.  The average number of days on the market for the “active” status, pre-owned homes is 77 days, as compared to 117 last month. The median number of days on the market is 61 days, compared to last month’s 83 days.   New listings in Febru... 03/03/2021

Real Estate Market Report for Addison, Texas:  January 2021 Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 33, as compared to 34 last month.  Twenty two are pre-owned and 11 are new construction. Currently for sale, there are: 8 single family homes (ranging in price from $299,900 - $2,195,000) No half-duplexes 16 condos ($169,000 – $469,000) 9 townhomes ($348,900 - $599,000) Twenty two of the available homes have been on the market for longer than 30 days.The average number of days on the market for the “active” status, pre-owned homes is 117 days, as compared to 93 last month. The median number of days on the market is 83 days, compared to last month’s 59 days.   New listings in JanuaryEighte... 02/01/2021

Real Estate Market Report for Addison, Texas:  December 2020 Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 34, as compared to 45 last month.  Twenty six are pre-owned and 8 are new construction. Currently for sale, there are: 7 single family homes (ranging in price from $397,000 - $2,195,000) No half-duplexes 20 condos ($175,000 – $469,000) 7 townhomes ($364,900 - $590,000) Twenty nine of the available homes have been on the market for longer than 30 days.  The average number of days on the market for the “active” status, pre-owned homes is 93 days, as compared to 84 last month. The median number of days on the market is 59 days, compared to last month’s 42 days.   New listings in DecemberFou... 01/01/2021

We are excited to let you know that we have invested in a new technology called Homebot to be your free personal guide through your home-buying journey.Homebot is a monthly financial dashboard that enables you to maximize the most of your home-buying search.When you sign up you will receive a regular email called the “Homebot Market Report”- a customized interactive guide with critical information to help you buy smart. Homebot offers buyers the ability to search for homes in your area at no cost to you.What will the Homebot Market Report do for you?     Explore neighborhoods and cities nationwide to find the best market to match your goals     Use current market temperatures to guide your buying strategy     Estimate how much home you can afford at today's interest rates     See how mu... 12/30/2020

We are excited to let you know that we have invested in a new technology called Homebot to be your free personal guide through your home-buying journey.Homebot is a monthly financial dashboard that enables you to maximize the most of your home-buying search.When you sign up you will receive a regular email called the “Homebot Market Report”- a customized interactive guide with critical information to help you buy smart. Homebot offers buyers the ability to search for homes in your area at no cost to you.What will the Homebot Market Report do for you?     Explore neighborhoods and cities nationwide to find the best market to match your goals     Use current market temperatures to guide your buying strategy     Estimate how much home you can afford at today's interest rates     See how mu... 12/09/2020

Real Estate Market Report for Addison, Texas:  November 2020 Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 45, as compared to 43 last month.  Thirty three are pre-owned and 12 are new construction. Currently for sale, there are: 14 single family homes (ranging in price from $400,000 - $2,195,000) 2 half-duplexes ($314,900 - $338,900) 12 condos ($189,000 – $459,000) 19 townhomes ($331,900 - $594,000) Thirty three of the available homes have been on the market for longer than 30 days.  The average number of days on the market for the “active” status, pre-owned homes is 84 days, as compared to 78 last month. The median number of days on the market is 42 days, compared to last month’s 44 days.   ... 12/04/2020

 Real Estate Market Report for Addison, Texas:  October 2020Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 43, as compared to 33 last month.  Thirty three are pre-owned and 10 are new construction. Currently for sale, there are: 13 single family homes (ranging in price from $275,000 - $2,195,000) 3 half-duplexes ($314,900 - $343,000) 19 condos ($169,000 – $469,000) 6 townhomes ($331,900 - $496,000) Twenty five of the available homes have been on the market for longer than 30 days.  The average number of days on the market for the “active” status, pre-owned homes is 78 days, as compared to 97 last month. The median number of days on the market is 44 days, compared to last month’s 74 days.   New... 11/03/2020

This bit of information from the weekly Town of Addison newsletter caught my attention: Upcoming Public Hearing  The following Public Hearing will take place during the October 13 {2020} Council Meeting at the Addison TreeHouse, 14681 Midway Road. The agenda will be posted here three days prior to the meeting.   Case 1816-Z/Addison Senior Living. Public hearing on a recommendation regarding an ordinance changing the zoning on a 11.607-acre property located at the southwest corner of Dallas Parkway and Excel Parkway, from PD, Planned Development, to a new PD district in order to allow a senior living development and future office development.  I have long been a supporter of bringing senior housing to Addison. When I served on one of the Bond Committees many years ago, I was on the sub-c... 10/10/2020

Real Estate Market Report for Addison, Texas:  September 2020Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 33, as compared to 29 last month.  Twenty four are pre-owned and nine are new construction. Currently for sale, there are: 11 single family homes (ranging in price from $284,900 - $2,195,000) 2 half-duplexes ($315,000 - $343,000) 13 condos ($298,000 – $469,000) 7 townhomes ($331,900 - $499,000) Twenty four of the available homes have been on the market for longer than 30 days.  The average number of days on the market for the “active” status, pre-owned homes is 97 days (as compared to 77 last month). The median number of days on the market is 74 days, compared to last month’s 37 days.   ... 10/01/2020

There are many benefits to a VA home loan. It’s important to know how these loans can help you. First, thank you for your service to our country. According to the Mortgage reports, VA loans stand apart for its combination of low rates, lenient underwriting, and secondary benefits. These are 10 Veterans Loans Benefits in Addison Texas in 2020. These are:        No down payment on a VA loan        No mortgage insurance        VA loans have a government guarantee        Your ability to shop and compare VA loans        VA loans don’t allow a prepayment penalty        They come in many varieties        It’s easier to qualify for a VA loan        VA loan closing costs are lower        The VA loan offers funding fee flexibility    VA loans are assumable Backed by the U.S. Department of Veteran... 09/10/2020

Real Estate Market Report for Addison, Texas:  August 2020Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 29, as compared to 44 last month.  Twenty three are pre-owned and six are new construction. Currently for sale, there are: 11 single family homes (ranging in price from $289,000 - $2,195,000) 1 half-duplex ($315,000) 8 condos ($198,000 – $440,000) 9 townhomes ($331,900 - $499,000) Twenty two of the available homes have been on the market for longer than 30 days.  The average number of days on the market for the “active” status, pre-owned homes is 77 days (as compared to 61 last month). The median number of days on the market is 67 days, compared to last month’s 36 days.   New listings in Au... 09/01/2020

Real Estate Market Report for Addison, Texas:  July 2020Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 44, as compared to 37 last month.  Thirty seven are pre-owned and 9 are new construction. Currently for sale, there are: 10 single family homes (ranging in price from $269,900 - $2,195,000) 1 half-duplex ($315,000) 20 condos ($198,000 – $469,000) 13 townhomes ($315,000 - $495,900) Twenty eight of the available homes have been on the market for longer than 30 days.  Homes are taking longer to sell as the market continues to correct.The average number of days on the market for the “active” status, pre-owned homes is 61 days (as compared to 69 last month). The median number of days on the market... 08/01/2020

Being a Addison Texas First Time Homebuyer makes you have to consider your options before you buy. The first thing you will need to consider is what your long-term goals are with being a home owner and how your goals fit in with that plan. One goal could be to stop paying rent that just increases after every lease you renew.Buying your own home first is one of the happiest times of your life! However, a lot of paperwork and time goes into it and finding a lender with great reviews will ease much of the stress. But, the satisfaction you get from your first home closing is something you will never forget! The benefits of being a Addison Texas First Time Homebuyer greatly outweighs renting for the following reasons:          Greater privacy.          Homes typically increase in value the o... 07/24/2020

Veterans now have access to a new VA renovation loan to refurbish or remodel their homes.  This loan program is available for new home purchases as well as for remodeling homes currently owned by the veteran.  It is estimated that over 50% of homes nationally are 40 years or older, and in the current housing market many homes are in need of updating, addressing deferred maintenance, or improving the energy efficiency of homes to lower utility costs.VA loan benefits include the following unique advantages:  a.  up to 100% financing, b.  no mortgage insurance, c.  up to $ 35,000 in renovation funds escrowed, d.  all renovations must be completed within 60 days of closing, e.  you can close on a purchase or refinance in the “as is” condition, f. you can borrow against the future value of t... 07/13/2020