Lone Star Homes
Collin County Buyers Navigate Unchanged Inventory
Collin County Buyers Navigate Unchanged Inventory The Collin County Association of Realtors (CCAR) reports that despite a year of interest rate hikes, the area’s inventory remained unchanged thanks to the county’s enduring appeal for buyers, coupled with limited new listings, which has contributed to a dynamic market that showcases both challenges and opportunities. In July,…
Read MoreNational News: Almost 60% of Metro Areas Posted Home Price Gains in the Second Quarter of 2023
National News: Almost 60% of Metro Areas Posted Home Price Gains in the Second Quarter of 2023 Almost 60% of metro markets (128 out of 221) registered home price gains in the second quarter of 2023 as 30-year fixed mortgage rates oscillated between 6.28% and 6.71%, according to the National Association of REALTORS®’ latest quarterly report.…
Read MoreMortgage Credit Certificate
Mortgage Credit Certificate Written By: Caron Witherspoon, Loan Officer with Fairway Mortgage and Member of CCAR’s Affiliate Committee Did you know that if your borrower is a first-time homebuyer, they can apply for a mortgage interest tax credit? It reduces their federal income taxes every year by allowing them to get a percentage of what…
Read MoreCollin County Housing Market Shows Strong Opportunities for Savvy Buyers
Collin County Housing Market Shows Strong Opportunities for Savvy Buyers The Collin County Association of Realtors (CCAR) reports that in a market where the winds of change are blowing, savvy buyers in Collin County are seizing the moment as sellers receive 98.3% of the original list price in June 2023—a bold shift from homes selling…
Read MoreNational News: Existing-Home Sales Retreated 3.3% in June; Monthly Median Sales Price Reached Second-Highest Amount Ever
National News: Existing-Home Sales Retreated 3.3% in June; Monthly Median Sales Price Reached Second-Highest Amount Ever Existing-home sales slipped in June, according to the National Association of REALTORS®. Sales varied among the four major U.S. regions, with the Northeast experiencing gains, the Midwest holding steady, and the South and West posting decreases. All four regions…
Read MoreHelp Clients Navigate Allen ISD’s Updated School Boundaries
Help Clients Navigate Allen ISD’s Updated School Boundaries Note to Collin County Association of REALTORS® Members from Allen ISD: Allen ISD recently realigned its school boundaries to better accommodate the growth patterns of the community and to efficiently use and maintain its facilities. Because of these changes, Anderson Elementary School is now an early childhood…
Read MoreCollin County Median Home Price Declines as Homes Sales Increase
Collin County Median Home Price Declines as Homes Sales Increase The Collin County Association of Realtors (CCAR) reports that the fifth month of 2023 continued the year’s 5-month trend of increased closed sales as the county’s median home price trended downward. In May 2023, homes under contract increased by 21.4% from May 2022, while the…
Read MoreNational News: US Housing Market Needs More Than 300,000 Affordable Homes for Middle-Income Buyers
National News: US Housing Market Needs More Than 300,000 Affordable Homes for Middle-Income Buyers The U.S. housing market is short more than 300,000 affordable homes for middle-income buyers, according to a new analysis from the National Association of Realtors® and Realtor.com®. The country’s persistent housing inventory crunch impacts middle-income buyers more than any other income…
Read MoreNational News: Pending Home Sales Recorded No Change in April
National News: Pending Home Sales Recorded No Change in April Pending home sales recorded no change in April, according to the National Association of REALTORS®. Three U.S. regions posted monthly gains, while the Northeast decreased. All four regions saw year-over-year declines in transactions. The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home sales based…
Read MoreNational News: Existing-Home Sales Faded 3.4% in April
National News: Existing-Home Sales Faded 3.4% in April Existing-home sales decreased in April, according to the National Association of REALTORS®. All four major U.S. regions registered month-over-month and year-over-year sales declines. Total existing-home sales1 – completed transactions that include single-family homes, townhomes, condominiums and co-ops – slid 3.4% from March to a seasonally adjusted annual rate of…
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