Lone Star Homes
Texas A&M Real Estate Research Center: Texas Residential Mortgage Industry Optimism Wanes Through Rising Rates
Texas A&M Real Estate Research Center: Texas Residential Mortgage Industry Optimism Wanes Through Rising Rates Optimism waned in Texas’ residential mortgage industry amid higher interest rates, according to the latest Texas Residential Mortgage Survey (TRMS). General business activity corrected downward after improvements during the first half of the year, and challenges persist heading into…
Read MoreWhat is “Non-QM” Lending?
What is “Non-QM” Lending? Written By: Don Thomas, Sales Manager for Synergy One Lending and Member of CCAR’s Affiliate Committee Non-QM lending, also known as non-qualified mortgage lending, is a type of mortgage lending that does not meet the qualified mortgage (QM) standards set by the Consumer Financial Protection Bureau (CFPB). This type of lending…
Read MoreHelp Teddy Bears Hitch a Ride to the Children’s Advocacy Center of Collin County
Help Teddy Bears Hitch a Ride to the Children’s Advocacy Center of Collin County Teddy bears are hitching a ride to the Children’s Advocacy Center of Collin County at the annual Teddy Bear Ride. To contribute to this one-of-a-kind fuzzy fundraiser, drop off one or many teddy bears at the CCAR’s Plano Headquarters, 6821 Coit…
Read MoreNational News: REALTORS® Relief Foundation Announces $1.5 Million Relief Grant for Victims of Maui Wildfires
National News: REALTORS® Relief Foundation Announces $1.5 Million Relief Grant for Victims of Maui Wildfires The REALTORS® Relief Foundation announced $1.5 million in disaster relief aid has been made available to Hawaii REALTORS® in support of the REALTORS® Association of Maui after fires recently devastated communities on the Hawaiian island of Maui. Funds will be…
Read MoreCollin 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 More