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By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
Comments 1
  Mortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history, determined how much you're qualified to borrow. Being pre-approved for a loan can give you clarity while planning your homebuying budget, confidence in your ability to secure a loan, and a competitive edge in a bidding war. In todays market, connecting with a lender to get pre-approved may be the game-changer that helps you secure your dream home.
By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
Comments 3
The question many homebuyers are facing this year is, Why is it so hard to find a house? Were in the ultimate sellers market, which means real estate is ultra-competitive for buyers right now. The National Association of Realtors (NAR) notes homes are getting an average of 4.8 offers per sale, and that number keeps rising. Why? Its because there are so few houses for sale.Low inventory in the housing market isn't new, but its becoming more challenging to navigate. Danielle Hale, Chief Economist at realtor.com, explains:The housing market is still relatively under supplied, and buyers cant buy what's not for sale. Relative to what we saw in 2017 to 2019, March 2021 was still roughly 117,000 new listings lower, adding to the pre-existing early-year gap of more than 200,000 fresh listings ...
By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
Comments 1
At the beginning of the year, industry forecasts called for home price appreciation to slow to about half of the double-digit increase we saw last year. The thinking was that inventory would increase from record-low levels and put an end to the bidding wars that have driven home prices up over the past twelve months. However, that increase in inventory has yet to materialize. The National Association of Realtors (NAR) reports that there are currently 410,000 fewer single-family homes available for sale than there were at this time last year.This has forced those who made appreciation forecasts this past January to amend those projections. The Mortgage Bankers Association, Fannie Mae, Freddie Mac, the National Association of Realtors, and Zelman & Associates have all adjusted their numbe...
By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
Comments 6
Some Highlights If you're thinking that waiting a year or two to purchase a home might mean you'll save some money, think again. Mortgage interest rates are currently very low, but experts across the board are forecasting increases in both home prices and interest rates. Buying a home now means you'll spend less in the long run. Lets connect to put your homebuying plans in motion before home prices and mortgage rates climb even higher.  
By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
Comments 2
One of the biggest hurdles homebuyers face is saving for a down payment. As you're budgeting and planning for your home purchase, you'll want to understand how much you'll need to put down and how long it will take you to get there. The process may actually move faster than you think.Using data from the U.S. Department of Housing and Urban Development (HUD) and Apartment List, we can estimate how long it might take someone earning the median income and paying the median rent to save up for a down payment on a median-priced home. Since saving for a down payment can be a great time to practice budgeting for housing costs, this estimate also uses the concept that a household should not pay more than 28% of their total income on monthly housing expenses.According to the data, the national a...
By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
Comments 2
The financial benefits of buying a home as compared to renting one are always up for debate. However, one element of the equation is often ignored the ability to build wealth as a homeowner.Most experts are calling for home prices to continue appreciating over the next several years. The most recent Home Price Expectation Survey, a survey of over one hundred economists, real estate experts, and investment and market strategists, expects home appreciation to increase as follows: 2021: 6% 2022: 4.5% 2023: 4% 2024: 3.6% 2025: 3.5% Using their annual projections, the graph below shows the equity build-up a purchaser could earn, using a 350,000 home as an example:A homeowner could increase their net worth by over 80,000 in five years. That's an average of 16,000 annually. That number should ...
By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
Comments 3
Your home is your castle, but like a lot of castles in the days of yore, the water could probably be better. Unlike in those ancient castles, though, modern technology makes it possible for you to have clean, safe water, no matter what sort of problems plague your fortress’s water supply. Choosing a whole home water filtration system is a big commitment, but depending on your water quality and source, it can make more sense than using filters at specific end points in the house. Whole House Filters Versus Point of Use Filters Many homeowners wonder what the advantages are to installing a whole home filtration system versus simply using things like tap filters and refrigerator filters. After all, aren’t those the only places where water quality really matters? Absolutely not. Hard water,...
By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
Comments 2
This year, mortgage rates have started to slowly climb above recent record-breaking lows. Many homeowners planning to move may feel like they've missed the chance to score a great rate on their next mortgage. In reality, there's still time to secure a rate far below the historic norm. Here's why.After creeping up for seven consecutive weeks, average mortgage rates have dropped more recently (See graph below). With rates taking a slight dip over the past two weeks at the same time the inventory of houses for sale is so low, homeowners today are sitting in the optimal seat to sell. What's the advantage of selling your house now? Securing a low mortgage rate on your next home.To take advantage of todays real estate market, experts are encouraging homeowners to act now before interest rates...
By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
Comments 3
Don't be impressed by the headlines reporting year-over-year housing numbers for the next several months (data covering March, April, May, and June). The data will most likely show eye-popping one-year increases.While the year-over-year jumps will certainly be striking, consumers should take these numbers with a grain of salt, as the situation highlights a short-term quirk in the reporting of this data. Essentially, the increases will reflect a combination of two things: sharply lower housing numbers during last years virus-related market collapse and the subsequent strong rebound. This will result in what will appear to be unbelievable growth.Lets use single-family home sales as an example:As the graph reveals, last springs buying market was anything but typical. Instead of sales incre...
By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
Comments 4
Spring is here, so that means it’s time to start getting ready for the months ahead. Chances are you’re looking forward to being outdoors, maybe firing up the grill, planting a garden, or spending some quality time in the pool. Before you get down to the business of enjoying the nice weather, though, there are a few things that need to be taken care of first. That’s right: It’s time to knock out some home maintenance tasks to make sure everything is ready for the changing weather.Home maintenance is important throughout the year, but spring and fall are two of the top times to really hit some of the big points. In the fall you’re prepping for winter and making sure that your home is ready for icy weather, while in the spring you’re checking to make sure everything came through the winte...
By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
Comments 1
There has been a lot of discussion as to what will happen once the 2.3 million households currently in forbearance no longer have the protection of the program. Some assume there could potentially be millions of foreclosures ready to hit the market. However, there are four reasons that wont happen.1. Almost 50% Leave Forbearance Already Caught Up on PaymentsAccording to the Mortgage Bankers Association (MBA), data through March 28 show that 48.9% of homeowners who have already left the program were current on their mortgage payments when they exited. 26.6% made their monthly payments during their forbearance period 14.7% brought past due payments current 7.6% paid off their loan in full This doesn't mean that the over two million still in the plan will exit exactly the same way. It does...
By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
Comments 1
Over the past year, we've had plenty of opportunities to reflect on what we consider most important in our lives. The place we call home is one of the biggest things many of us are reevaluating. George Ratiu, Senior Economist at realtor.com, shares:The very nature of the pandemic, through the health implications, social distancing, and need to isolate, has really brought a central focus on the importance of home for most Americans In a sense, it has elevated real estate markets as a centerpiece of our lives.For some, this has spurred an interest in making a move to a home that better suits our changing needs. In a recent study on todays homebuyer preferences, the National Association of Home Builders (NAHB) states:When asked more specifically how the pandemic may have impacted their pre...
By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Comments 1
Veteran’s Home Loans for Park Row 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 mon...
By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Comments 0
Veteran’s Home Loans for Stafford 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 mon...
By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
Comments 2
Although it’s barely spring, summer is right around the corner. And nothing says summer like better outdoor spaces to play and work in! Now is the time to plan and install outdoor structures so you can spend the hottest days of the year taking advantage of the breeze and shade, while still being able to spend time in the great outdoors.A Short List of Outdoor Structures Outdoor structures offer endless possibilities when it comes to sizes, shapes, construction materials, and intended uses. However, there are a few that are hardcore backyard staples, to the point that some might argue a home is completely bare without them. Of course, the outdoor structures you choose will depend greatly on how you use your home, but here’s a short list to get you started. Patio covers. Already have a pa...
By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Comments 0
Veteran’s Home Loans for Missouri City 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 yo...
By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Comments 0
Veteran’s Home Loans for Sugar Land 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 m...
By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
Comments 2
A recent Survey of Consumer Finances study released by the Federal Reserve reveals the net worth of homeowners is forty times greater than that of renters. If you're wondering if homeownership is a good investment, the study clearly answers that question, and the answer is yes.Do Americans believe a home is a better investment than stocks?In a post on the Liberty Street Economics blog, the Federal Reserve Bank of New York notes that 93.3% of Americans believe buying a home is definitely or probably a better investment than buying stocks.Here's how the results break down:The survey also shows a wide range of reasons why Americans feel that way (respondents were able to pick more than one answer):Bottom LineThe data show how strongly Americans believe in homeownership as an investment. Th...
By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
Comments 2
As spring finally starts to arrive, there are likely a number of tasks around the house that will be kicking off in the coming weeks. Whether you’re mowing the lawn, prepping the garden, or refreshing those flower beds, it’s time to break out your equipment and get to work. One question, though: Is all your yard equipment actually ready for spring?If you’re like a lot of people, at the end of the year you just clean up your equipment a bit and put it into storage. If you don’t do anything else with it, though, this can actually shorten your equipment’s life and increase the likelihood of breakdown during the busy spring period. Before you dive into all those spring tasks, here are a few things you should do to keep your mowers, tillers, and everything else running smoothly.Change Those ...
By Shayne Stone, "Your Rock Solid Choice Realtor"
(Champion Real Estate Group)
Comments 2
Some Highlights There's no doubt about it: homeowners love their homes, and that feeling has become even more important over the past year. The vast majority of homeowners say they're emotionally attached to their home and that it has kept them safe during the COVID-19 pandemic. Owning a home provides a sense of safety, security, and accomplishment. Lets connect to move your homeownership goals forward today.   

Fort Bend County, TX Real Estate Professionals