Rosenberg, TX Real Estate News

By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
There's no question that the financial benefits of selling a house are outstanding today. Now is truly a great time to list if you're ready to make a change. But if you do sell your house right now, you may be wondering where you'll go when you move.With so few homes available to buy right now, you might be considering building a new home as one of your options. But you may be unsure if that's the way to go. Lets compare the benefits of a newly built home versus moving into an existing one, and why working with a real estate agent throughout the process is mission-critical to your success no matter what you decide.The Pros of Newly Built HomesFirst, lets look at the benefits of purchasing a newly constructed home. With a brand-new home, you'll be able to:1. Create your perfect home.If y...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
If you're a homeowner who's decided your current house no longer fits your needs, or a renter with a strong desire to become a homeowner, you may be hoping that waiting until next year could mean better market conditions to purchase a home.To determine whether you should buy now or wait another year, you can ask yourself two simple questions: Where will home prices be a year from now? Where will mortgage rates be a year from now? Lets shed some light on the answers to both of these questions.Where Will Home Prices Be a Year from Now?Three major housing industry entities are projecting ongoing home price appreciation in 2022. Here are their forecasts: Fannie Mae: 7.4% Freddie Mac: 7% Mortgage Bankers Association: 5.1% According to the National Association of Realtors (NAR), the median pr...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Your home’s windows fill a number of important roles. They let natural light into the house, allow you to see what’s going on outside, and serve as a barrier against inclement weather. Unfortunately, your windows aren’t immune to the ravages of time, weather, and various other hazards that can damage or weaken them. You may find yourself in a position where you have to replace one or more windows in your home, especially if you’re hoping to prevent drafts and leaks heading into the winter.Not all replacement windows are created equal, however. Depending on your situation and the condition of your existing windows, there may be a few different options to sort through when choosing replacements. While a lot of this will depend on your specific circumstances and your own personal preferenc...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
If you're living on your own and looking to buy a home, know that you can make your dream a reality with thoughtful planning and the right team of experts. Research from Freddie Mac shows 28% of all households (36.1 million) are sole-person, and that number is growing. Over the past 40 years, the number of sole-person households has nearly doubled, and that's a trend that's expected to continue. According to Freddie Mac:Our calculation suggests that there will be an additional 5 million sole-person households in the United States by the next decade. This means 42% of the household growth will be contributed by sole-person households, . . .If you fall into this category, here are three tips to help you achieve your homeownership goals.1. Know Your Credit ScoreWhen you buy a home on your ...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
As a renter, you're constantly faced with the same dilemma: keep renting for another year or purchase a home? Your answer depends on your current situation and future plans, but there are a number of benefits to homeownership every renter needs to consider.Here are a few things you should think about before you settle on renting for another year.1. Rents Are Rising QuicklyRent increasing each year isn't new. Looking back at Census data confirms rental prices have gone up consistently for decades (see graph below):If you're a renter, you're faced with payments that continue to climb each year. Realtor.com recently shared the September Rental Report, and it shows price increases accelerating from August to September (see graph below):As the graph shows, rents are still on the rise. Its im...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Mortgage rates are one of several factors that impact how much you can afford if you're buying a home. When rates are low, they help you get more house for your money. Within the last year, mortgage rates have hit the lowest point ever recorded, and they've hovered in the historic-low territory. But even over the past few weeks, rates have started to rise. This past week, the average 30-year fixed rate was 3.14%.What does this mean if you're thinking about making a move? Waiting until next year will cost you more in the long run. Here's a look at what several experts project for mortgage rates going into 2022. Freddie Mac:The average 30-year fixed-rate mortgage (FRM) is expected to be3.0 percent in2021 and 3.5 percent in 2022.Doug Duncan, Senior VP & Chief Economist, Fannie Mae:Right no...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Sellers have a great opportunity this season as buyer demand still heavily outweighs the current supply of homes for sale. According to the National Association of Realtors (NAR), todays housing inventory sits at only a 2.6-month supply. To put that into perspective, a neutral market typically features a 6-month supply. That places todays market firmly in the sellers market category.That same NAR data also shows todays inventory of single-family homes is trailing behind the level we saw last year (see graph below):Because of the ongoing supply challenges, buyers can feel like they're wandering across a vast, empty desert when searching for their next home. That means your house could provide an oasis for buyers thirsty for options and it could increase the chances of buyers entering a b...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Your mailbox likely isn’t a feature of your home that you think about very often, but it can actually have a big impact on how people view your home. This is especially true if your mailbox is rusty, damaged, or otherwise has obviously seen better days. Giving your mailbox a facelift can make a big difference in how your home looks, even if your mailbox is a standalone unit that sits up by the road.How much work should you put into a mailbox refresh, though? This depends entirely on the condition your mailbox is in and what sort of revamp you’d like to give it. If you’re looking for inspiration, here are some ideas that cover everything from basic retouches to your mailbox to entire rebuilds of your mailbox mounting to create a unique new look on your property. You might be surprised at...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
What’s a Plant Ledge?Sometimes, the purpose of features in your home isn’t quite apparent. This can lead to you having an “a-ha!” moment later when the purpose of a seemingly quirky home feature becomes apparent. With some features, though, that moment can take a while to arrive. One feature that might not seem to have a real purpose, if you aren’t already aware of what it’s for, is a plant ledge.Plant ledges were pretty popular in the mid 90s and early 2000s, so homes built or remodeled around this time are likely to have these random high ledges in rooms that may not seem that practical at first glance. You can probably guess to at least some of the purpose from their names, but plant ledges can be used for a number of things. Given that plant shelves and similar storage options are c...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
First impressions go a long way. This is applicable to not only when you meet someone new, but also when somebody sees your house for the first time. Regardless of whether it’s a friend or colleague coming over to visit or a prospective buyer looking at a property you’re trying to sell, the importance of curb appeal shouldn’t be underestimated.You might think that it takes a lot of work and money to update the curb appeal of your home, but that doesn’t have to be the case. It’s possible to significantly increase the curb appeal of your home and your property just by changing your landscaping. Here are a few ways that your landscaping can change up the look of your property and give your overall curb appeal a significant boost.Adjusting Existing Landscaping It doesn’t take a lot to turn ...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Rosenberg TX 77471 Homes For Sale Under $200kRosenberg TX 77471 Homes / Houses For Sale Under $200k, there are still some great opportunities in finding the right house for y'all's family in the Fort Bend County, Rosenberg TX 77471 77406 area!Rather your an Investor or a First-Time Homebuyer, you still can locate a home / house for sale in Richmond Texas 77406 under $200k. For the Investors these time of homes / houses make for a great income stream as Rentals / Income Properties. For the First-Time Homebuyer, these type of homes / houses is a great start to begin your financial future!FYI - most people stay in their home / house on average of 7-10 years today. That means over a period of time y'all will be building up a lot of Equity (Profit) that you can take away when you sell or ref...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
As the days are gradually getting shorter and the nights grow a little cooler, it’s a good time to start thinking about how you want to handle your fall landscaping. It’s possible that you’ve never really put much thought into what your fall landscaping will look like; after all, many people see fall as a time to start prepping for winter and let the look of their landscaping kind of fall by the wayside until spring. With a little bit of TLC, though, you can transform your landscaping and create a striking contrast between spring and fall without having to break the bank or spend all your time working in the yard.One easy way to do this is to add some new plants to your landscape as the season change approaches. There are a wide range of autumn-hardy plants in both flowering and ornamen...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
If you're trying to decide whether or not to sell your house, this is the time to think seriously about making a move. Fannie Maes recent Home Purchase Sentiment Index (HPSI) reveals the number of respondents who say its a good time to sell is higher now than it was over the past few summers (see graph below). Today, the majority of consumers, 75 percent, say its a good time to sell a house.Why is sellers sentiment up year-over-year?The higher good time to sell sentiment has to do with todays market conditions, specifically low housing supply and high buyer demand. In the simplest terms, we don't have enough houses available for sale to meet buyer demand.According to the latest data from the National Association of Realtors (NAR), were still firmly in a sellers market because housing su...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
There are many non-financial benefits of buying your own home. However, todays headlines seem to be focusing primarily on the financial aspects of homeownership specifically affordability. Many articles are making the claim that its not affordable to buy a home in todays market, but that isn't the case.Todays buyers are spending approximately 20% of their income on their monthly mortgage payments. According to The Essential Guide to Creating a Homebuying Budget from Freddie Mac, the 20% of income that purchasers are currently paying is well within the 28% guideline suggested:Most lenders agree that you should spend no more than 28% of your gross monthly income on a mortgage payment (including principal, interest, taxes and insurance).So why is there so much talk about challenges regardi...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
When you hear the phrase home price appreciation, what does it mean to you? Through context clues alone, chances are you know it has to do with rising home prices. And as a seller, you know rising home prices are good news for your potential sale. But lets look past the dollar signs and dive deeper into the concept. To truly understand home price appreciation, you need to know how it works and why it matters to you.Investopedia defines appreciation like this:Appreciation, in general terms, is an increase in the value of an asset over time. The increase can occur for a number of reasons, including increased demand or weakening supply, or as a result of changes in inflation or interest rates. This is the opposite of depreciation, which is a decrease in value over time.When we consider thi...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
There's a common misconception that younger generations aren't interested in homeownership. Many people point to the fact that millennials put off purchasing their first home as a reason for this belief.Odeta Kushi, Deputy Chief Economist for First American, explains why millennials have put off certain milestones linked to homeownership. Those delays led to their homeownership rates trailing slightly behind older generations:Historically, millennials have delayed the critical lifestyle choices often linked to buying a first home, including getting married and having children, in order to further their education. This is clear in cross-generational comparisons of homeownership rates which show millennials lagging their generational predecessors.So, its partially true that some millennia...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Some Highlights With a housing market this competitive, sometimes you have to think outside the box. Work with your trusted real estate advisors to do things like assess your budget, expand your search radius, look into other options, and determine your true needs. If you’re having trouble finding your first home, lets connect to explore your options. It’s out there!   
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
In the current sellers market, many homeowners wonder what, if anything, needs to be remodeled before they list their house. That's where a trusted real estate professional comes in. They can help you think through todays market conditions and how they impact what you should and shouldn't renovate before selling.Here are some considerations a professional will guide you through:1. With current supply challenges, buyers may be willing to take on projects of their own. A more balanced market typically sees a 6-month supply of homes for sale. Above that, and were in a buyers market. Below that, and were in a sellers market. According to a recent report by the National Association of Realtors (NAR), our current supply of homes for sale, while rising, still remains solidly in sellers market ...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Sometimes it can feel like everyone has advice when it comes to buying a home. While your friends and loved ones may have your best interests in mind, they may also be missing crucial information about todays housing market that you need to make your best decision.Before you decide whether you're ready to buy a home, you should know how to answer these three questions.1. What's Going on with Home Prices?Home prices are one factor that directly impacts how much it will cost to buy a home and how much you stand to gain as a homeowner when prices appreciate.The graph below shows just how much experts are forecasting prices to rise this year:Continued price appreciation is great news for existing homeowners but can pose a significant challenge if you wait to buy. Using these forecasts, you ...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
If you're a prospective buyer or seller, its important to understand the current real estate market conditions and how they affect you. The Counselors of Real Estate(CRE) just released its Top Ten Issues Affecting Real Estate report. Here are three hot topics from the list and how they impact todays housing market.Technology Acceleration and InnovationThe past year ushered in many changes to the real estate industry, especially when it comes to technology. The CRE report elaborates on this:Lockdown-driven changes in our work, in the economy, in social structures, and in our personal behavior have pushed our reluctance aside. The acceleration and adoption of technology during the pandemic has impacted everything, and real estate is no exception.For real estate, innovations like digital d...
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