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Richmond, TX Real Estate News

By Shayne Stone, "Your Rock Solid Choice Realtor" RETIRED
(HomeSmart)
Your roof is one of the most important parts of your house, as problems with your roof can end up causing damage to a variety of other parts of your home. While most people are familiar with shingle roofs when it comes to home roofing options, there are actually a few different roof types available. One that is gaining a significant amount of popularity in recent years is metal roofing, due in part to its extreme durability and resistance to environmental factors that can damage traditional shingles.Once upon a time, metal roofing was largely made up of flat panels which seemed more at home on businesses or other non-residential structures. The material has come a long way since then, however. Modern metal roofing often mimics the look of shingles or tile roofs, adding a unique beauty t...
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By Shayne Stone, "Your Rock Solid Choice Realtor" RETIRED
(HomeSmart)
Whether or not you've been following the real estate industry lately, there's a good chance you've heard were in a serious sellers market. But what does that really mean? And why are conditions today so good for people who want to list their house?It starts with the number of houses available for sale. The latest Existing Home Sales Report from the National Association of Realtors(NAR) shows housing supply is still astonishingly low. Today, we have a 2.6-month supply of homes at the current sales pace. Historically, a 6-month supply is necessary for a normal or neutral market in which there are enough homes available for active buyers(see graph below):When the supply of houses for sale is as low as it is right now, its much harder for buyers to find homes to purchase. That creates incre...
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By Shayne Stone, "Your Rock Solid Choice Realtor" RETIRED
(HomeSmart)
 Some Highlights In todays sellers market, you're set up to win big when you list your house. That's because homes are selling fast, receiving 4.4 offers on average and often selling above the asking price. Then, when you buy your next home, you'll also win by addressing your changing needs and taking advantage of near historic-low mortgage rates. If you're ready to make a move, lets connect so you can capitalize on todays market and find your next dream home.  
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By Shayne Stone, "Your Rock Solid Choice Realtor" RETIRED
(HomeSmart)
According to recent data from realtor.com, median rental prices have reached their highest point ever recorded in many areas across the country. The report found rents rose by 8.1% from the same time last year. As it notes:Beyond simply recovering to pre-pandemic levels, rents across the country are surging. Typically, rents fluctuate less than 1% from month to month. In May and June, rents increased by 3.0% and 3.2% from each month to the next.If you're a renter concerned about rising prices, now may be the time to consider purchasing a home.Monthly Rents Are Higher Than Monthly Mortgage PaymentsWhen you weigh your options of whether to buy a home or continue renting, how much you'll pay each month is likely top of mind. According to the National Association of Realtors (NAR), monthly ...
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By Shayne Stone, "Your Rock Solid Choice Realtor" RETIRED
(HomeSmart)
Home prices continue to rise as we move through the summer, and that's good news for sellers who are looking to maximize their homes potential. If you're on the fence about whether to list your house now or later, the question you should really ask is: will this price appreciation last?Here's what three leading industry experts have to say about what lies ahead: Lawrence Yun, Chief Economist, National Association of Realtors (NAR):At a broad level, home prices are in no danger of a decline due to tight inventory conditions, but I do expect prices to appreciate at a slower pace by the end of the year. Selma Hepp, Deputy Chief Economist, CoreLogic:The imbalance between robust demand and dismal availability of for-sale homes has led to a continual bidding over asking prices, which reached ...
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By Shayne Stone, "Your Rock Solid Choice Realtor" RETIRED
(HomeSmart)
One of the hottest topics of conversation in todays real estate market is the shortage of available homes. Simply put, there are many more potential buyers than there are homes for sale. As a seller, you've likely heard that low supply is good news for you. It means your house will get more attention, and likely, more offers. But as life begins to return to normal, you may be wondering if that's something that will change.While it may be tempting to blame the pandemic for the current inventory shortage, the pandemic cant take all the credit. While it did make some sellers hold off on listing their houses over the past year, the truth is the low supply of homes was years in the making. Lets take a look at the root cause and what the future holds to uncover why now is still a great time t...
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By Shayne Stone, "Your Rock Solid Choice Realtor" RETIRED
(HomeSmart)
With forbearance plans about to come to an end, many are concerned the housing market will experience a wave of foreclosures like what happened after the housing bubble 15 years ago. Here are four reasons why that wont happen.1. There are fewer homeowners in trouble this timeAfter the last housing crash, about 9.3 million households lost their home to a foreclosure, short sale, or because they simply gave it back to the bank.As stay-at-home orders were issued early last year, the overwhelming fear was the pandemic would decimate the housing industry in a similar way. Many experts projected 30% of all mortgage holders would enter the forbearance program. Only 8.5% actually did, and that number is now down to 3.5%.As of last Friday, the total number of mortgages still in forbearance stood...
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By Shayne Stone, "Your Rock Solid Choice Realtor" RETIRED
(HomeSmart)
 Some Highlights If you're thinking of buying a home but wondering if waiting a few years will save you in the long run, think again. The longer the wait, the more you'll pay, especially when mortgage rates and home prices rise. Even the slightest change in the mortgage rate can have a big impact on your buying power no matter your price point. Don't assume waiting will save you money. Lets connect to set the ball into motion today while mortgage rates are hovering near historic lows.  
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By Shayne Stone, "Your Rock Solid Choice Realtor" RETIRED
(HomeSmart)
In todays real estate market, mortgage interest rates are near record lows. If you've been in your current home for several years and haven't refinanced lately, there's a good chance you have a mortgage with an interest rate higher than todays average. Here are some options you should consider if you want to take advantage of todays current low rates before they rise.Sell and Move Up (or Downsize)Many of todays homeowners are rethinking what they need in a home and redefining what their dream home means. For some, continued remote work is bringing about the need for additional space. For others, moving to a lower cost-of-living area or downsizing may be great options. If you're considering either of these, there may not be a better time to move. Here's why.The chart below shows average ...
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By Shayne Stone, "Your Rock Solid Choice Realtor" RETIRED
(HomeSmart)
In real estate, its normal to see ebbs and flows in the market. Typically, the summer months are slower-paced than the traditionally busy spring. But this isn't a typical summer. As the economy rebounds and life is returning to normal, the real estate market is expected to have an unusually strong summer season.Here's how this summer is stacking up against the norm and what it means for you.Inventory is increasing.According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), inventory levels have been rising since February of this year. Looking at the graph below, there's a clear upward trend, as shown in the green bars. Currently, there's roughly a 2.5 months supply of homes for sale. And while inventory is trending up as more houses are coming to ...
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By Shayne Stone, "Your Rock Solid Choice Realtor" RETIRED
(HomeSmart)
So-called “smart” devices are increasingly popular, adding new features and functionality to just about every room in your home. One room that you might not consider for a smart upgrade is the kitchen, but you should. There are a number of sensors and connected devices that can transform your kitchen into something special. One great option that’s often overlooked is the addition of a smart faucet to your sink.While smart faucets aren’t as well known (yet) as other smart home add-ons such as smart lighting and smart thermostats, they can have a significant impact on how you use your kitchen. Not only can you turn the faucets on and off in different ways, but you can also have your smart faucets automatically save you money on your water bill. If you’re wondering whether a smart faucet m...
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By Shayne Stone, "Your Rock Solid Choice Realtor" RETIRED
(HomeSmart)
For some homeowners, trees are a major component of their landscaping. Trees can bring a lot of beauty to your yard while also providing shade and habitats for birds and other animals. Unfortunately, unkempt trees can be kind of ugly and in some cases may even be dangerous. If you’ve got trees on your property that are looking a bit shaggy or that have simply seen better days, here are a few things to consider when trying to decide if they need a trim.Cosmetic Issues When you’re trying to decide whether to trim your trees, the first thing that you should do is look at the general appearance of the tree. You can obviously trim off lone branches that stick out at odd angles, but there’s more to cosmetic considerations than just that. You should also look at whether there are many crisscro...
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By Shayne Stone, "Your Rock Solid Choice Realtor" RETIRED
(HomeSmart)
There are a lot of tools in the world, and some of them have some very specialized uses. Sometimes these uses are pretty obvious; a hammer is used to hammer nails, and a wrench is used to tighten nuts. Even tools that you think you’re familiar with might surprise you, though; a hammer is a hammer, but do you know the difference between claw hammers and ball-peen hammers? What about all the different types of pliers that you might run across? Knowing exactly how specific tools are supposed to be used can help you to avoid errors and make finding the right tool for the job a lot easier.With that said, here are a few pretty common tools that you might not know enough about to use effectively. Learning a bit more about them will help to ensure that you always have the right tool for the job...
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By Shayne Stone, "Your Rock Solid Choice Realtor" RETIRED
(HomeSmart)
 Some Highlights The amount of wealth Americans have stored in their homes has increased astronomically. On average, homeowners gained 33,400 in equity over the last 12 months, and the average equity on mortgaged homes is now 216,000. When its time to sell, your home equity can help accomplish your goals. Lets connect to discuss how you can take advantage of todays sellers market to get the most out of your home sale.   
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By Shayne Stone, "Your Rock Solid Choice Realtor" RETIRED
(HomeSmart)
Whether it’s with knobs, pulls, handles, or some other hardware, you need to have some way to access your cabinets. If your cabinets are relatively new, that hardware is probably fairly modern. But for older cabinets, you may need to replace the hardware, and it might be kind of tricky to figure how to get it. This can make replacing old cabinet hardware stressful, especially if you’re not sure where to start. While your success will depend on the specific pieces that you’re looking for and how recently they were manufactured, here’s some info that will hopefully point you in the right direction if you find yourself on a hardware hunt.The Need to Match Hardware Why do you need to match old cabinet hardware, anyway? There are a few reasons. The most common is that handles and knobs somet...
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By Shayne Stone, "Your Rock Solid Choice Realtor" RETIRED
(HomeSmart)
As we move into the latter half of the year, questions about what's to come are top of mind for buyers and sellers. Near record-low mortgage rates coupled with rising home price appreciation kicked off a robust housing market in the first half of 2021, but what does the forecast tell us about what's on the horizon?Mortgage Rates Will Likely Increase, but Remain LowMany experts are projecting a rise in interest rates. The latest Quarterly Forecast from Freddie Mac states:We forecast that mortgage rates will continue to rise through the end of next year. We estimate the 30-year fixed mortgage rate will average 3.4% in the fourth quarter of 2021, rising to 3.8% in the fourth quarter of 2022.However, even as mortgage rates rise, the anticipated increase is expected to be modest at most, and...
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By Shayne Stone, "Your Rock Solid Choice Realtor" RETIRED
(HomeSmart)
When it comes to buying a house, you're looking for the perfect place to call home. The problem is, in todays market there just aren't that many homes available to purchase. With inventory hovering near record lows and sky-high buyer demand, a multi-offer scenario is the new normal. Here are five things to keep in mind when you're ready to make an offer.1. Know Your NumbersHaving a complete understanding of your budget and how much house you can afford is essential. That's why you should connect with a lender to get pre-approved for a loan early in the homebuying process. Taking this step shows sellers you're a serious, qualified buyer and can give you a competitive edge in a bidding war.2. Brace for a Fast PaceTodays market is dynamic and fast-paced. According to the Realtors Confidenc...
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By Shayne Stone, "Your Rock Solid Choice Realtor" RETIRED
(HomeSmart)
Shayne Stone "Your Rock Solid Choice Realtor" that helps Home Sellers make a Profit and Home Buyers Equity in Candela Richmond Texas 77406Find Your Home Value in CandelaHouses / Land / Lots / Single Family Homes / Acreage For Sale in CandelaHouses / Land / Lots / Single Family Homes / Acreage For Rent in CandelaForeclosure Houses / Land / Lots / Single Family Homes / Acreage in Candela  Can't FIND what you are looking for, ASK ME - I CAN HELP!  For more info on Candela of Richmond Texas or any of the other Communities within the Fort Bend County area CLICK HERE or Text / Call 832-449-6060 Your #LocalRealtor #ShayneStone of #ChampionsRealEstateGroup #HomeSelling #HomeBuying in #Candela of #RichmondTexas Builders in CandelaCoventry HomesPerry HomesWestin Homes 
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By Shayne Stone, "Your Rock Solid Choice Realtor" RETIRED
(HomeSmart)
You may have been told that its important to get pre-approved at the beginning of the homebuying process, but what does that really mean, and why is it so important? Especially in todays market, with rising home prices and high buyer competition, its crucial to have a clear understanding of your budget so you stand out to sellers as a serious homebuyer.Being intentional and competitive are musts when buying a home right now. Pre-approval from a lender is the only way to know your true price range and how much money you can borrow for your loan. Just as important, being able to present a pre-approval letter shows sellers you're a qualified buyer, something that can really help you land your dream home in an ultra-competitive market.With limited housing inventory, there are many more buye...
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By Shayne Stone, "Your Rock Solid Choice Realtor" RETIRED
(HomeSmart)
New Subdivision; Mandola Farms Real Estate Homes For Sale, Rent Shayne Stone "Your Rock Solid Choice Realtor" that helps Home Sellers make a Profit and Home Buyers Equity in Mandola Farms Richmond Texas 77406Find Your Home Value in Mandola FarmsHouses / Land / Lots / Single Family Homes / Acreage For Sale in Mandola FarmsHouses / Land / Lots / Single Family Homes / Acreage For Rent in Mandola FarmsForeclosure Houses / Land / Lots / Single Family Homes / Acreage in Mandola Farms Can't FIND what you are looking for, ASK ME - I CAN HELP!  For more info on Mandola Farms of Richmond Texas or any of the other Communities within the Fort Bend County area CLICK HERE or Text / Call 832-449-6060 Your #LocalRealtor #ShayneStone of #ChampionsRealEstateGroup #HomeSelling #HomeBuying in #Mandola Farm...
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