Rosenberg, TX Real Estate News

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!   
Comments 1
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 ...
Comments 2
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 ...
Comments 1
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...
Comments 3
By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
With home prices continuing to deliver double-digit increases, some are concerned were in a housing bubble like the one in 2006. However, a closer look at the market data indicates this is nothing like 2006 for three major reasons.1. The housing market isn't driven by risky mortgage loans.Back in 2006, nearly everyone could qualify for a loan. The Mortgage Credit Availability Index (MCAI) from the Mortgage Bankers Association is an indicator of the availability of mortgage money. The higher the index, the easier it is to obtain a mortgage. The MCAI more than doubled from 2004 (378) to 2006 (869). Today, the index stands at 130. As an example of the difference between today and 2006, lets look at the volume of mortgages that originated when a buyer had less than a 620 credit score.Dr. Fr...
Comments 5
By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
As we move into the second half of the year, one thing is clear: the current real estate market is one for the record books. The exact mix of conditions we have today creates opportunities for both buyers and sellers. Here's a look at four key components that are shaping this unprecedented market.A Shortage of Homes for SaleEarlier this year, the number of homes available for sale fell to an all-time low. In recent months, however, inventory levels are starting to trend up. The latest Monthly Housing Market Trends Report from realtor.com says:In June, newly listed homes grew by 5.5% on a year-over-year basis, and by 10.9% on a month-over-month basis. Typically, fewer newly listed homes appear on the market in the month of June compared to May. This year, growth in new listings is contin...
Comments 3
By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
When you think of a garage area, most likely the first thing that comes to mind is a place to store your car or other vehicles. You might also picture some shelving or storage on some of the walls, but for most people, the garage is largely a single-purpose structure. It doesn’t have to be this way, however; for an increasing number of homeowners, the garage is becoming a multipurpose room with easy access to fresh air, light, and the outside in general via the garage doors.There are a lot of options available when it comes to converting a garage into some other space. To really get the most out of these conversions, you might consider upgrading or changing your garage door as well. The type of door that you have can make a big difference in the overall effectiveness of your converted s...
Comments 2
By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Home prices have increased significantly over the last year, which in turn has grown the net worth of homeowners. Appreciation and home equity are directly linked as the value of a home increases, so does a homeowners equity. And with these recent gains, homeowners are witnessing their financial stability and well-being grow to record levels. In more good news for homeowners, the most recent Home Price Expectations Survey a survey of a national panel of over one hundred economists, real estate experts, and investment and market strategists forecasts home prices will continue appreciating over the next five years, adding to the record amount of equity homeowners have already gained over the past year. Below are the expected year-over-year rates of home price appreciation from the report:...
Comments 3
By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
For many young or first-time homebuyers, purchasing a home can feel intimidating. A recent survey shows some homebuyers ages 25 to 40 may be unsure about the homebuying process and what they can afford. It found: 1 in 4 underestimated their buying potential by 150k or more 1 in 4 underestimated the increase in value by 100k or more 47% don't know what a good interest rate is Because they feel uncertain, many young homebuyers have given up on their search, or worse, they've decided homebuying isn't for them and never started on their journey to begin with.If you're interested in buying but aren't sure where to begin, here are three key concepts about homeownership you should understand before you get started.1. What You Need To Know About Down PaymentsSaving for a down payment is sometim...
Comments 1
By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
There's no denying were in a sellers market. With low inventory and high buyer demand, homes today are selling above the asking price at a record rate. According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR): Homes typically sell within 17 days (compared to 26 days one year ago). The average home sold has five offers to pick from. 54% of offers are over the asking price. Because so many buyers are competing for so few homes, bidding wars are driving up home prices. According to an average of leading expert projections, existing home prices are expected to increase by 8.9% this year.Yet even in todays red-hot sellers market, its important to price your house right. While it may be tempting to price your house on the high side to capitalize...
Comments 3
By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Selling a house is a time-consuming process especially if you decide to do it on your own, known as a For Sale By Owner (FSBO). From conducting market research to reviewing legal documents, handling negotiations, and more, its an involved and highly detailed process that requires a lot of expertise to navigate effectively. That's one of the reasons why the percentage of people selling their own house has declined from 19% to 8% (See graph below):To help you understand just how much time and effort it takes to sell on your own, here's a look at a few of the things you need to think about before putting that For Sale sign up in your yard.1. Making a Good First ImpressionWhile it may sound simple, there are a lot of proven best practices to consider when prepping a house for sale. Do you n...
Comments 3
By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
The question of whether the real estate market is a bubble ready to pop seems to be dominating a lot of conversations and everyone has an opinion. Yet, when it comes down to it, the opinions that carry the most weight are the ones based on experience and expertise.Here are four expert opinions from professionals and organizations that have devoted their careers to giving great advice to the housing industry.The Joint Center for Housing Studies in their The State of the Nations Housing 2021 report: conditions today are quite different than in the early 2000s, particularly in terms of credit availability. The current climb in house prices instead reflects strong demand amid tight supply, helped along by record-low interest rates.Nathaniel Karp, Chief U.S. Economist at BBVA:The housing mar...
Comments 5
By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
In a normal market, its good to have an experienced guide coaching you through the process of buying or selling a home. That person can advise you on important things like pricing your home correctly or the first steps to take when you're ready to buy. However, the market were in today is far from normal. As a result, an expert isn't just good to have by your side an expert is essential.Todays housing market is full of extremes. Mortgage rates hovering near record-lows are driving high buyer demand. On the other hand, an absence of sellers is creating record-low housing inventory. This imbalance in supply and demand is leading to a skyrocketing rate of bidding wars and more houses selling over their asking price. This is driving home price appreciation and gains in home equity. These ma...
Comments 2
By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
The real estate market is soaring today. Residential home values are rising, and that's a big win for homeowners. In 2020, there was a double-digit increase in home values a trend that's expected to head toward similar levels this year.However, skyrocketing prices are causing some to start questioning affordability in the current housing market. Many are quick to emphasize the fact that homes today are less affordable than they were last year. Black Knight, a leading provider of data and analytics across the homeownership life cycle, just reported on the issue.The findings show the historical averages of the national payment to income ratio, which they define as the share of the median income needed to make the monthly payments on the median-priced home. Their study reveals: The average...
Comments 3
By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
For generations, the process of buying and selling a home never really changed. A homeowner would try to estimate the market value of their house, then tack on a little extra to give themselves some negotiating room. That figure would become the listing price. Buyers would then try to determine how much less than the full price they could offer and still get the home. As a result, the listing price was generally the ceiling of the negotiation. The actual sales price would almost always be somewhat lower than what was listed. It was unthinkable to pay more than what the seller was asking.Today is different.The record-low supply of homes for sale coupled with very strong buyer demand is leading to a rise in bidding wars on many homes. Because of this, homes today often sell for more than ...
Comments 3
By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
As we enter the middle of 2021, many are wondering if well see big changes in the housing market during the second half of this year. Here's a look at what some experts have to say about key factors that will drive the industry and the economy forward in the months to come.realtor.com. . . homes continue to sell quickly in what's normally the fastest-moving time of the year. This is in contrast with 2020 when homes sold slower in the spring and fastest in September and October. While we expect fall to be competitive, this years seasonal pattern is likely to be more normal, with homes selling fastest from roughly now until mid-summer.National Association of Realtors (NAR)Sellers who have been hesitant to list homes as part of their personal health safety precautions may be more encourage...
Comments 2
By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
The benefits of a preapproval (not prequalification) for Rosenberg 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 Rosenberg 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 Rosenberg, 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 meaning...
Comments 1
By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Villages Of Town Center Real Estate Homes For Sale, Rent & Price TrendsShayne Stone "Your Rock Solid Choice Realtor" that helps Home Sellers make a Profit and Home Buyers Equity in Villages Of Town Center neighborhood / subdivision / community which is located in Rosenberg Texas 77471 in Fort Bend County. Villages Of Town Center has 622 single family properties with a median build year of 2000 and a median size of 2,000 Sqft., these home values range between $154 - $197 K. The sqft. price change data is available through 1998. The median sold price/sqft is $93.74 while the median appraised value is $ 86.15/ sqft. View homes for sale or rent in Villages Of Town Center and see new homes, trending properties, Foreclosures and much more.Sometimes there's nothing listed For Sale in Villages ...
Comments 0
By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
The Reserve At Brazos Town Center Real Estate Homes For Sale, Rent & Price TrendsShayne Stone "Your Rock Solid Choice Realtor" that helps Home Sellers make a Profit and Home Buyers Equity in The Reserve At Brazos Town Center neighborhood / subdivision / community which is located in Rosenberg texas 77471 in Fort Bend County. The Reserve At Brazos Town Center has 522 single family properties with a median build year of 2014 and a median size of 2,955 Sq Ft., these home values range between $235 - $330 K. The sqft. price change data is available through 1998. The median sold price/sqft is $105.19 while the median appraised value is $ 93.61/ sqft. View homes for sale or rent in The Reserve At Brazos Town Center and see new homes, trending properties, Foreclosures and much more.Sometimes th...
Comments 1
By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
The Oaks Of Rosenberg Real Estate Homes For Sale, Rent & Price TrendsShayne Stone "Your Rock Solid Choice Realtor" that helps Home Sellers make a Profit and Home Buyers Equity in The Oaks Of Rosenberg neighborhood / subdivision / community which is located in Rosenberg Texas 77471 in Fort Bend County. The Oaks Of Rosenberg has 290 single family properties with a median build year of 2009 and a median size of 2,496 Sq Ft., these home values range between $176 - $281 K. The sqft. price change data is available through 1998. The median sold price/sqft is $96.73 while the median appraised value is $ 88.43/ sqft. View homes for sale or rent in The Oaks Of Rosenberg and see new homes, trending properties, Foreclosures and much more.Sometimes there's nothing listed For Sale in The Oaks Of Rose...
Comments 1