Simplifying the Market

Dig World — Where Everyone Can Play Builder!

Mon, 21 Jul 2025 13:47:23 GMT

Location & Timeline
Dig World, the innovative construction-themed adventure park, is opening its second Texas location at Grapevine Mills mall (southwest corner by Entry 1) in early 2026 — likely springtime.

What is It?
Visitors of all ages will be able to climb aboard real, full-size construction equipment —bulldozers, excavators, mini loaders—that’s been modified to operate safely under professional supervision. It's an immersive space where both kids and adults can literally dig in and operate the machinery themselves.

Dude Perfect Joins the Fun

Partners at this new location include the Frisco-based YouTube legends Dude Perfect , who are bringing construction-themed trick-shot challenges and interactive games to the park. Co‑Founder Cody Jones promises it's "just the beginning" of unique experiences that blend precision, creativity, and family fun.

From Shark Tank to North Texas

This venture started with a heartfelt pitch on Shark Tank , where Dig World’s co-founder Jacob Robinson shared his personal story: inspired by his son Pierce, who has special needs and a passion for heavy machinery after a battle with bacterial meningitis. Shark and investor Robert Herjavec called it “going to be huge” and signed on.

Joining Grapevine Mills’ Entertainment Boom

Grapevine Mills is fast becoming more than a shopping mall—it’s a top-ten mall in America thanks to immersive attractions like Meow Wolf, LEGOLAND Discovery Center, and The Escape Game. Dig World will fit right in, adding a hands-on, physically engaging twist to the experience.

Joe Szymaszek, the mall’s general manager, says:

“Grapevine Mills has become a premier destination for immersive entertainment… We’re thrilled to welcome Dig World… bringing a whole new level of hands‑on, family‑friendly fun.”

What to Expect

Operate actual machinery : Excavators, dump trucks, loaders—all reengineered for safe family use
Trick‑shot zones : Inspired by Dude Perfect’s flair, these add-on challenges will test creativity and coordination
Photo‑ops galore : Snap action-packed shots—kids digging, parents piloting—thanks to cool yellow equipment and a lively environment

Why It Matters

Educational and engaging : Combines mechanical skills, coordination, and imaginative play
Accessible : Open to ages 2–82 (yes, adults too!)
Expansion potential : Dig World plans to franchise nationwide, riding the momentum from the Shark Tank investment and partnership buzz.

Get Ready, North Texas!

Opening window : Early 2026 at Grapevine Mills
Where : Southwest quadrant of the mall, by Entry 1 (near W. Grapevine Mills Circle & Anderson Gibson Rd)
Stay tuned : Look for ticket sales, season passes, and family packages — Dig World’s websites and Grapevine Mills announcements to follow

Final Scoop

Dig World is the perfect blend of exciting and educational—a chance to safely operate real construction machines and dive into creative play at a major entertainment hub. With the added boost from Shark Tank and Dude Perfect, it’s shaping up to be a must-visit destination for families in North Texas and beyond.

Why McKinney, TX Is the #1 City for Renters in America

Thu, 17 Jul 2025 16:11:37 GMT

If you're looking for the best place to rent in the U.S., skip the pricey coastal cities and head straight to McKinney, Texas. According to RentCafe’s 2025 Best Cities for Renters Report , McKinney ranks #1 in the nation — beating out 149 other cities for its ideal mix of affordability, apartment quality, and overall livability.

Surprisingly, nearby Dallas didn’t even make the top 50 , weighed down by high costs, smaller rentals, and lower quality-of-life scores.

What Makes McKinney the Top Choice for Renters?

McKinney might have a small-town feel, but when it comes to renting, it delivers big-city perks. Here's how it stands out:

Affordable, High-End Living

#4 in Housing & Cost of Living
McKinney offers luxury-style rentals without the luxury price tag . A full 83% of apartments are considered high-end — the second-highest rate in the country. Even better? Nearly a third of rentals were built in the last five years, giving renters access to modern, spacious units averaging 948 sq. ft.
The cost of living is 2.5% below the national average , making upscale living more accessible than in most parts of the U.S.

Quality of Life That Feels Like Home

#9 in Quality of Life
About 70% of McKinney rentals are located in desirable areas , close to parks, shops, restaurants, and essential services. While 46% of residents have commutes longer than 30 minutes, the peace, space, and greenery more than make up for it.

Strong, Stable Economy

#19 in Local Economy
McKinney’s economy is thriving with a low 3.5% unemployment rate and a 48% rise in renter income over the past five years. With continued job growth and an educated workforce, the local economy is on a steady upward path.

How Do Nearby Cities Compare?

Dallas

Despite its booming business scene, Dallas struggles to keep up in terms of renter satisfaction:

#39 in Economy – Solid for startups, but renter income growth trails McKinney at just 35% .
#70 in Housing & Cost – Average apartment size is nearly 100 sq. ft. smaller , and the cost of living is 1.7% above the national average.
#88 in Quality of Life – Only 24% of apartments are in highly rated areas , and Dallas suffers from poor air quality .

Plano

Plano ranks a respectable #11 overall , but it comes with trade-offs:

Cost of living is 9.9% higher than the national average .
While 79% of rentals are high-end , just 13.6% have been built in the last 5 years , meaning fewer options for newer apartments.

The South Is on the Rise for Renters

The 2025 rankings clearly show that the South is booming for renters . Of the top 50 cities , 41 are in the South , with standouts like:

Sarasota, FL (#2)
Atlanta, GA (#3)
Austin, TX (#4)
Huntsville, AL (#5)

But none of them topped McKinney, TX .

Thinking of Renting in McKinney?

If you’re considering a move to North Texas, McKinney offers the perfect blend of charm, comfort, and opportunity. Whether you’re relocating for work, school, or lifestyle, it’s easy to see why McKinney leads the nation.

Looking for your next home? Browse our latest rental listings at MyMcCoys.com or contact us today to find a place that fits your lifestyle and budget.

DFW Welcomes More Costco Locations, Including Prosper, Weatherford, and Celina

Mon, 30 Jun 2025 15:50:18 GMT

North Texas is getting even more convenient for residents and savvy shoppers. Costco, the beloved membership-based grocery warehouse known for its bulk deals and iconic food court, is expanding its footprint across the Dallas-Fort Worth area with three new stores — including locations in Prosper, Weatherford, and Celina.

New Openings This Spring

Two of the new stores are scheduled to open in mid-March:

Prosper: Located at 5620 W. University Dr., near FM 1385 and adjacent to a new School of Rock. This location has been in the works for nearly two years and officially broke ground in March 2024.
Weatherford: Positioned at 310 Center Point Rd., at the northwest corner of I-20 and Center Point Road. This 160,000-square-foot facility will be the first of its kind in Parker County, featuring gas stations, a tire center, food options, and in-house optical, hearing, and pharmacy services.

According to Prosper Economic Development President Jordan Simms, the city is enthusiastic about the economic benefits the new Costco will bring, including increased sales and property tax revenue.

Looking Ahead to Celina

Costco also has big plans for Celina, with a new store projected to open by December 2025. The Celina location will be part of The Crossing at Moore Farm, a 105-acre mixed-use development at the corner of Ownsby and Preston Road, led by Shop Companies. Construction is already underway.

While Costco typically remains tight-lipped about the factors behind its location choices, this expansion reflects the company’s growing confidence in the region’s booming residential and commercial growth.

Costco’s Growing Presence in DFW

With over 800 locations worldwide and more than a dozen across the DFW area — including in Plano, McKinney, Southlake, and Fort Worth — Costco continues to be a major draw for homebuyers seeking value, convenience, and community amenities. The last store to open in the region was in McKinney in 2018.

From discounted groceries and household items to flat-screen TVs and fuel, Costco is more than just a shopping destination — it’s a lifestyle perk that adds to the appeal of living in North Texas.

Collin County Named Best Place to Live in Texas for 2025 — And It’s Not Even Close

Fri, 27 Jun 2025 14:52:19 GMT

Looking for the best place to call home in the Lone Star State? You might be surprised to learn that the #1 county to live in Texas for 2025 isn’t Austin’s Travis County, nor is it home to Houston, Dallas, or San Antonio. Instead, this year’s top honor goes to Collin County — a rising star in North Texas known for its strong schools, job growth, and exceptional quality of life.

According to a new Niche report, which evaluates counties based on nearly a dozen key metrics — including public education, affordability, job opportunities, diversity, and overall livability — Collin County earned an impressive A+ overall rating , placing it firmly at the top of the list.

Why Collin County Leads the Pack

Home to booming cities like Frisco , Plano , McKinney , and the fast-growing Princeton , Collin County has quickly become one of the most desirable places to live in the entire country. It’s not just growing — it’s thriving.

Major employers, entertainment giants, and families alike are flocking to this North Texas gem. The Dallas Cowboys have made Frisco their headquarters, and Universal Studios is currently developing a brand-new, family-friendly theme park in the area — the first of its kind in the nation.

But it’s not just about business and development. Collin County also ranks as the healthiest county in Texas , offers some of the state’s top-rated public schools, and consistently earns top marks in family-friendliness and job availability.

Here's how Collin County scored:

Public Schools : A+
Good for Families : A+
Jobs : A+
Health & Fitness : A+
Diversity : A
Nightlife : A−
Housing : B+
Outdoor Activities : B+
Commute : B
Weather : B
Cost of Living : C+

Despite a slightly lower score in cost of living — likely due to increasing demand — the overall lifestyle and opportunity in Collin County make it well worth the investment.

One resident of four years summed it up best:

“My experience has been very satisfying and gratifying compared to living near downtown Dallas... It’s more spacious, beautifully manicured, and filled with great public and private schools. It’s the dream suburbia lifestyle — perfect for families or entrepreneurs looking to grow.”

How the Rankings Were Calculated

Niche’s methodology uses data from trusted sources like the U.S. Census Bureau , Bureau of Labor Statistics , and Centers for Disease Control and Prevention , alongside real resident feedback. Key ranking factors include:

Education and higher learning rates
Housing affordability and property values
Job market strength and income stability
Health and wellness access
Commute and transportation
Diversity (ethnic, age, and income)
Outdoor recreation and local weather
Entertainment and nightlife offerings

Letter grades were assigned in each category, and counties were scored based on the overall average.

If you're thinking about making a move, starting a business, or investing in real estate, Collin County is a name you’ll want to keep on your radar. And if you need help making your move to North Texas, The REAL McCoys® are here to help you find your dream home in the best county Texas has to offer.

Universal Kids Resort Is Coming To Frisco, Texas

Tue, 06 May 2025 22:57:50 GMT

Universal Kids Resort in Frisco Takes Major Step Forward

Exciting progress is underway for the much-anticipated Universal Kids Resort in Frisco, Texas. On December 3, the Frisco City Council approved the facade plans for the resort’s themed hotel — a major milestone in the development of the city’s upcoming family-focused theme park.

The five-story hotel will serve as the primary entrance to the Universal Kids Resort and is a key element of the overall 30-acre project, located at the intersection of Dallas Parkway and Panther Creek Parkway .

“Construction has started, and we continue to make progress on our first Universal Kids Resort,” said a Universal Destinations & Experiences spokesperson. “This week, the city of Frisco voted to approve the façade plan for our themed hotel. The city, its businesses, and residents have been wonderful to work with, and we can’t wait to welcome guests to our first theme park designed specifically for families with young children.”

Updates and Adjustments

The project officially broke ground in late 2022, and facade plans — which outline the appearance of all four sides of a building — are a crucial part of the city’s development review process. Council approval followed two previously tabled meetings in November, where the design underwent revisions to meet community and city expectations.

“We’ve made changes to the color scheme, window design, ground-level consistency, and rooftop screening,” said Melanie Becker , Senior Director of Government Relations at Universal Destinations & Experiences.

Community Input

While the design was ultimately approved, feedback from residents played a significant role. William Scott, a 10-year-old Frisco resident, voiced his concerns about the proposed hotel design during the meeting, stating it felt “cheap” compared to the cohesive look of developments like the PGA Frisco campus.

“We need Universal to be the best thing that we can have for our neighborhood,” Scott said, adding that although his parents were initially opposed to the project, he’s thrilled about the park’s arrival.

Becker acknowledged that while the design process included feedback from local communities such as Cobb Hill and Fields , it did not incorporate direct input from children — despite the fact that the resort is aimed primarily at families with children under age 10.

Looking Ahead

The Universal Kids Resort is targeting an opening date in early summer 2026, although an official grand opening timeframe has yet to be confirmed. Meanwhile, infrastructure surrounding the park is also taking shape — Universal Parkway, the main access road to the resort, is already under construction and expected to be completed before 2025.

“We’ll continue to collaborate with city leaders and our neighbors as we bring this one-of-a-kind destination to life,” Becker said.

As excitement builds, Frisco is poised to become home to one of the most unique family entertainment attractions in the country — a first-of-its-kind theme park crafted just for young children and their families.

-The REAL McCoys

Foreclosure Numbers Today Aren’t Like 2008

Wed, 11 Oct 2023 10:30:00 GMT

If you've been keeping up with the news lately, you've probably come across headlines talking about the increase in foreclosures in today’s housing market. This may have left you with some uncertainty, especially if you're considering buying a home . It’s important to understand the context of these reports to know the truth about what’s happening today.

According to a recent report from ATTOM, a property data provider, foreclosure filings are up 2% compared to the previous quarter and 8% since one year ago. While media headlines are drawing attention to this increase, reporting on just the number could actually generate worry for fear that prices could crash. The reality is, while increasing, the data shows a foreclosure crisis is not where the market is headed.

Let’s look at the latest information with context so we can see how this compares to previous years.

It Isn’t the Dramatic Increase Headlines Would Have You Believe

In recent years, the number of foreclosures has been down to record lows. That’s because, in 2020 and 2021, the forbearance program and other relief options for homeowners helped millions of homeowners stay in their homes, allowing them to get back on their feet during a very challenging period. And with home values rising at the same time, many homeowners who may have found themselves facing foreclosure under other circumstances were able to leverage their equity and sell their houses rather than face foreclosure. Moving forward, equity will continue to be a factor that can help keep people from going into foreclosure.

As the government’s moratorium came to an end, there was an expected rise in foreclosures. But just because foreclosures are up doesn’t mean the housing market is in trouble . As Clare Trapasso, Executive News Editor at Realtor.com , says :

In a recent article, Bankrate also explains :

Basically, there’s not a sudden flood of foreclosures coming. Instead, some of the increase is due to the delayed activity explained above while more is from economic conditions.

To further paint the picture of just how different the situation is now compared to the housing crash, take a look at the graph below. It uses data on foreclosure filings for the first half of each year since 2008 to show foreclosure activity has been consistently lower since the crash.

While foreclosures are climbing, it’s clear foreclosure activity now is nothing like it was back then. Today, foreclosures are far below the record-high number that was reported when the housing market crashed.

In addition to all the factors mentioned above, that’s also largely because buyers today are more qualified and less likely to default on their loans.

Bottom Line

Right now, putting the data into context is more important than ever. While the housing market is experiencing an expected rise in foreclosures, it’s nowhere near the crisis levels seen when the housing bubble burst, and that won’t lead to a crash in home prices.

The Value of an Agent When Buying Your New Construction Home

Tue, 03 Oct 2023 10:30:00 GMT

Buying a new construction home can be an exciting experience. From being the very first owner, to customizing your home’s features, there are a lot of benefits. But navigating the complexities of buying a home that’s under construction can also be a bit overwhelming. This is where a skilled real estate agent can make all the difference.

An article from The Mortgage Reports sums it up like this:

Here’s how your agent is an invaluable resource in your search to find and buy your new home.

Agents Know the Local Area and Market

Your agent is well-versed in the emerging communities and upcoming developments that could influence your decision. For example, you'll want to be aware if there were any plans to construct a highway through the woods behind your prospective backyard. It’s important to consider how the neighborhood and the surrounding area might evolve before making your home purchase. Your agent can help you find a community that perfectly aligns with your preferences, lifestyle, and future needs.

Knowledge of Construction Quality and Builder Reputation

An agent also has the expertise to evaluate the construction quality and reputation of different builders. Their knowledge and experiences with local builders allow them to offer insights into each one’s track record, customer satisfaction, and construction practices. This information can help you avoid any potential risks and help you confidently select a builder known for delivering quality homes.

Assistance with Customization and Upgrades

The most obvious benefit of opting for new home construction is the opportunity to customize your home to suit your preferences. Your agent will guide you through that process and share advice on the upgrades that are most likely to add long-term value to your home. Their expertise ensures you focus your budget on areas that will give you the greatest return on your investment later on.

Understanding Builder Contracts and Negotiations

Builder contracts can be complex and differ from traditional home purchase agreements. Your agent can help you navigate these contracts to make sure you fully understand the terms and conditions. They’re also skilled negotiators who can advocate on your behalf, potentially securing better deals, upgrades, or incentives for you throughout the process.

Bottom Line

The guidance and expertise of a local real estate agent can make all the difference in turning your vision of the perfect home into a reality. Connect with an agent in your area so you can feel confident about purchasing your new construction home.

Real Estate Continues To Be the Best Investment [INFOGRAPHIC]

Thu, 28 Sep 2023 10:30:00 GMT

Some Highlights

There's Only Half the Inventory of a Normal Housing Market Today

Thu, 21 Sep 2023 10:30:00 GMT

Wondering if it still makes sense to sell your house right now? The short answer is, yes. Especially if you consider how few homes there are for sale today.

You may have heard inventory is low right now, but you may not fully realize just how low or why that’s a perk when you go to sell your house. This graph from Calculated Risk can help put that into perspective:

As the graph shows, while housing inventory did grow slightly week-over-week (shown in the blue bar), overall supply is still low (shown in the red bars). Compared to the same week last year, supply is down roughly 10% – and it was already considered low at that time. But, if you look further back, you’ll see inventory is down even more significantly.

To gauge just how far off from normal today’s inventory is, let’s compare right now to 2019 (the last normal year in the market). When you compare the same week this year with the matching week in 2019, supply is about 50% lower. That means there are half the homes for sale now than there’d usually be.

The key takeaway? We’re still nowhere near what’s considered a balanced market. There’s plenty of demand for your house because there just aren’t enough homes to go around. As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), explains :

So, if you want to list your house , know that there’s only about half the inventory there’d usually be in a more normal year. That means your house will be in the spotlight if you sell now and you may see multiple offers and a fast home sale.

Bottom Line

With the number of homes for sale roughly half of what there’d usually be in a more normal year, you can rest assured there’s demand for your house. If you want to sell, connect with a local real estate agent now so your house can shine above the rest while inventory is so low.

Owning Your Home Helps You Build Wealth

Wed, 13 Sep 2023 10:30:00 GMT

You may have heard some people say it’s better to rent than buy a home right now. But, even today, there are lots of good reasons to become a homeowner. One of them is that owning a home is typically viewed as a good long-term investment that helps your net worth grow over time.

Homeownership Builds Wealth Regardless of Income Level

You may be surprised to learn homeowners across various income levels have a much higher net worth than renters who make the same amount. Data from First American helps illustrate this point ( see graph below ):

What makes wealth so much higher for homeowners? A recent article from Realtor.com says :

Basically, the wealth you accumulate when you own a home has a lot to do with equity. As a homeowner, equity is built up as you pay down your loan and as home prices appreciate over time. Mark Fleming, Chief Economist at First American, explains how this same benefit isn’t true for renters in a recent podcast:

Before you decide to sign another rental agreement, now is a good time to think about whether it would be better for you to buy a home instead. The best way to figure out what makes sense for you is to have a conversation with a real estate expert you trust. That professional can talk you through the benefits that come with owning to determine if that’s the right next step for you.

Bottom Line

If you're not sure whether to keep renting or to buy a home , know that owning a home, no matter how much money you make, can help build your wealth. Connect with a local real estate agent to get started on the path to homeownership.

Four Ways You Can Use Your Home Equity

Sun, 03 Sep 2023 10:30:00 GMT

If you’re a homeowner, odds are your equity has grown significantly over the last few years. Equity builds over time as home values grow and as you pay down your home loan. And, since home prices skyrocketed during the ‘unicorn’ years , you’ve likely gained more than you think.

According to the latest Equity Insights Report from CoreLogic , the average homeowner has more than $274,000 in equity right now . That much equity can help you achieve certain goals. In a recent article, Bankrate elaborates:

Here are a few examples of how you can put your home equity to work for you.

1. Buy a Home That Fits Your Needs

If your current space no longer meets your needs, it might be time to think about moving to a bigger home. And if you've got too much space, downsizing to a smaller home could be just right. Either way, you can put your equity toward a down payment on a home that fits your changing lifestyle. A real estate agent can help you figure out how much equity you've got and how to use it when buying your next home.

2. Reinvest in Your Current Home

Renovations are a great option if you want to change your living space, but you aren’t yet ready to make a move. Home improvement projects give you the freedom to tailor your home to match your needs and personal style. But it's important to consider the long-term benefits certain upgrades can bring to your home’s value. Lean on a real estate professional for the best advice on which improvement projects to prioritize in order to get the greatest return on your investment when you sell later on.

3. Pursue Personal Ambitions

Home equity can also serve as a catalyst for realizing your life-long dreams. That could mean investing in a new business venture, retirement, or funding an education. While you shouldn’t use your equity for unnecessary spending, using it responsibly for something meaningful and impactful can really make a difference in your life.

4. Understand Your Options to Avoid Foreclosure

Today the number of foreclosure filings remains below the norm, so there’s no need to fear a wave of foreclosed homes flooding the market. But unfortunately, there are still some homeowners who experience the foreclosure process each year. If you’re facing financial difficulties, having a clear understanding of your options and how your equity can help is crucial. Equity can act as a financial cushion that can be used in times of unexpected challenges or unforeseen circumstances that may disrupt your ability to make mortgage payments on time.

In an article, Freddie Mac explains it this way:

Bottom Line

Your equity can be a game changer in reinvesting in your needs, pursuing your goals, and even helping you avoid foreclosure during difficult times. If you’re unsure how much equity you have in your home, connect with a local real estate professional so you can start planning your next move.

Explaining Today’s Mortgage Rates

Wed, 30 Aug 2023 10:30:00 GMT

If you’re following mortgage rates because you know they impact your borrowing costs , you may be wondering what the future holds for them. Unfortunately, there’s no easy way to answer that question because mortgage rates are notoriously hard to forecast .

But, there’s one thing that’s historically a good indicator of what’ll happen with rates, and that’s the relationship between the 30-Year Mortgage Rate and the 10-Year Treasury Yield . Here’s a graph showing those two metrics since Freddie Mac started keeping mortgage rate records in 1972:

As the graph shows, historically, the average spread between the two over the last 50 years was 1.72 percentage points (also commonly referred to as 172 basis points). If you look at the trend line you can see when the Treasury Yield trends up, mortgage rates will usually respond. And, when the Yield drops, mortgage rates tend to follow. While they typically move in sync like this, the gap between the two has remained about 1.72 percentage points for quite some time. But, what’s crucial to notice is that spread is widening far beyond the norm lately ( see graph below ):

If you’re asking yourself: what’s pushing the spread beyond its typical average? It’s primarily because of uncertainty in the financial markets. Factors such as inflation , other economic drivers, and the policy and decisions from the Federal Reserve (The Fed) are all influencing mortgage rates and a widening spread.

Why Does This Matter for You?

This may feel overly technical and granular, but here’s why homebuyers like you should understand the spread. It means, based on the normal historical gap between the two, there’s room for mortgage rates to improve today .

And, experts think that’s what lies ahead as long as inflation continues to cool. As Odeta Kushi, Deputy Chief Economist at First American , explains :

Similarly, an article from Forbes says :

Bottom Line

If you’re either a first-time home buyer or a current homeowner thinking of moving into a home that better fits your current needs, keep on top of what’s happening with mortgage rates and what experts think will happen in the coming months.

Housing Market Forecast for the Rest of 2023 [INFOGRAPHIC]

Tue, 22 Aug 2023 10:30:00 GMT

Some Highlights

Homebuyers Are Getting Used to the New Normal

Mon, 14 Aug 2023 10:30:00 GMT

Before you decide to sell your house , it’s important to know what you can expect in the current housing market . One positive trend right now is homebuyers are adapting to today’s mortgage rates and getting used to them as the new normal.

To better understand what’s been happening with mortgage rates lately, the graph below shows the trend for the 30-year fixed mortgage rate from Freddie Mac since last October. As you can see, rates have been between 6% and 7% pretty consistently for the past nine months:

According to Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), mortgage rates play a significant role in buyer demand and, by extension, home sales. Yun highlights the positive impact of stable rates:

As a seller, hearing that home sales are consistent right now is good news. It means buyers are out there and actively purchasing homes. Here’s a bit more context on how mortgage rates have impacted demand recently.

When mortgage rates surged dramatically last year , escalating from roughly 3% to 7%, many potential buyers felt a bit of sticker shock and decided to hold off on their plans to purchase a home. However, as time has passed, that initial shock has worn off. Buyers have grown more accustomed to current mortgage rates and have accepted that the record-low rates of the last few years are behind us. As Doug Duncan, SVP and Chief Economist at Fannie Mae , says :

In fact, a recent survey by Freddie Mac reveals 18% of respondents say they’re likely to buy a home in the next six months. That means nearly one out of every five people surveyed plan to buy in the near future. And that goes to show buyers are planning to be active in the months ahead.

Of course, mortgage rates aren’t the sole factor affecting buyer demand. No matter where mortgage rates stand, people will always have reasons to move, whether it’s for job relocation, changing households, or any other personal motivation. As a seller , you can feel confident there is a market for your house today. And that demand is pretty strong as buyers settle into where rates are right now.

Bottom Line

The way buyers perceive today’s mortgage rates is shifting – they’re getting used to the new normal. Steady rates are contributing to strong buyer demand and consistent home sales. Connect with a local real estate agent to get your house on the market and in front of those buyers.

How Inflation Affects Mortgage Rates

Thu, 03 Aug 2023 10:30:00 GMT

When you read about the housing market in the news, you might see something about a recent decision made by the Federal Reserve (the Fed). But how does this decision affect you and your plans to buy a home? Here's what you need to know.

The Fed is trying hard to reduce inflation . And even though there’s been 12 straight months where inflation has cooled ( see graph below ), the most recent data shows it’s still higher than the Fed’s target of 2%:

While you may have been hoping the Fed would stop their hikes since they’re making progress on their goal of bringing down inflation, they don’t want to stop too soon, and risk inflation climbing back up as a result. Because of this, the Fed decided to increase the Federal Funds Rate again last week. As Jerome Powell, Chairman of the Fed , says :

Greg McBride, Senior VP, and Chief Financial Analyst at Bankrate , explains how high inflation and a strong economy play into the Fed’s recent decision:

Even though a Federal Fund Rate hike by the Fed doesn’t directly dictate what happens with mortgage rates, it does have an impact. As a recent article from Fortune says :

How All of This Affects You

In the simplest sense, when inflation is high, mortgage rates are also high. But, if the Fed succeeds in bringing down inflation, it could ultimately lead to lower mortgage rates, making it more affordable for you to buy a home.

This graph helps illustrate that point by showing that when inflation decreases, mortgage rates typically go down, too ( see graph below ):

As the data above shows, inflation ( shown in the blue trend line ) is slowly coming down and, based on historical trends, mortgage rates ( shown in the green trend line ) are likely to follow . McBride says this about the future of mortgage rates:

Bottom Line

What happens to mortgage rates depends on inflation. If inflation cools down, mortgage rates should go down too. Count on a real estate professional you can trust for expert advice on housing market changes and what they mean for you.

Home Prices Are Rebounding

Sat, 29 Jul 2023 10:30:00 GMT

If you’re following the news today, you may feel a bit unsure about what’s happening with home prices and fear whether or not the worst is yet to come. That’s because today’s headlines are painting an unnecessarily negative picture. If we take a year-over-year view, home prices did drop some, but that’s because we’re comparing to a ‘unicorn’ year when prices peaked well beyond the norm.

To avoid an unfair comparison to that previous peak, we need to look at monthly data. And that tells a very different and much more positive story. While local home price trends still vary by market, here’s what the national data tells us.

The graphs below use recent monthly reports from three sources to show the worst home price declines are already behind us, and prices are appreciating nationally.

Looking at this monthly view, we can see the past year in the housing market can be divided into two parts. In the first half of 2022, home prices were going up, and fast. However, starting in July, prices began to go down ( shown in red in the graphs above ). By around August or September, the trend started to stabilize. But, looking at the most recent data for early 2023, these graphs also show that prices are going up again.

The fact that all three reports show prices have been going up for three or more straight months is an encouraging sign for the housing market. The month-over-month data indicates a national shift is happening – home prices are rising again .

Craig J. Lazzara, Managing Director at S&P Dow Jones Indices , says this about home price trends:

Experts believe one of the reasons prices didn’t crash like some expected is because there aren’t enough available homes for the number of people who want to buy them. Even with today’s mortgage rates , there are more people looking to buy than there are homes available for sale.

Mark Fleming, Chief Economist a t First American , explains how more demand than supply keeps upward pressure on prices:

Doug Duncan, Senior VP and Chief Economist at Fannie Mae , states home price growth is exceeding expectations thanks to that high demand:

Here’s How This Affects You

Bottom Line

If you delayed your moving plans because you were concerned about home prices dropping, the latest data reveals the worst is already over, and prices are appreciating nationally. Partner with a local real estate agent so you know what's happening with home prices in your area.

Tips for Making Your Best Offer on a Home

Wed, 26 Jul 2023 10:30:00 GMT

While the wild ride that was the ‘unicorn’ years of housing is behind us, today’s market is still competitive in many areas because the supply of homes for sale is still low. If you’re looking to buy a home this season, know that the peak frenzy of bidding wars is in the rearview mirror, but you may still come up against some multiple-offer scenarios.

Here are a few things to consider to help you put your best foot forward when making an offer on a home .

1. Lean on a Real Estate Professional

Rely on an agent who can support your goals and help you understand what’s happening in today’s housing market. Agents are experts in the local market and on the national trends too. They’ll use both of those areas of expertise to make sure you have all the information you need to move with confidence.

Plus, they know what’s worked for other buyers in your area and what sellers may be looking for in an offer. It may seem simple, but catering to what a seller needs can help your offer stand out. As an article from Forbes says :

2. Get Pre-Approved for a Home Loan

Having a clear budget in mind is especially important right now given the current affordability challenges. The best way to get a clear picture of what you can borrow is to work with a lender so you can get pre-approved for a home loan.

That’ll help you be more financially confident because you’ll have a better understanding of your numbers. It shows sellers you’re serious, too. And that can give you a competitive edge if you do get into a multiple-offer scenario.

3. Make a Fair Offer

It’s only natural to want the best deal you can get on a home. However, submitting an offer that’s too low does have some risks. You don’t want to make an offer that will be tossed out as soon as it’s received just to see if it sticks. As Realtor.com explains :

The expertise your agent brings to this part of the process will help you stay competitive and find a price that’s fair to you and the seller.

4. Trust Your Agent’s Expertise Throughout Negotiations

During the ‘unicorn’ years of housing, some buyers skipped home inspections or didn’t ask for concessions from the seller in order to submit the winning bid on a home. An article from Bankrate explains this isn’t happening as often today, and that’s good news:

Fortunately, today’s market is different, and you may have more negotiating power than before. When putting together an offer, your trusted real estate advisor will help you think through what levers to pull and which ones you may not want to compromise on.

Bottom Line

When you buy a home this summer, be sure to work with a real estate advisor to make your best offer.

Don’t Fall for the Next Shocking Headlines About Home Prices

Tue, 25 Jul 2023 10:30:00 GMT

If you’re thinking of buying or selling a home , one of the biggest questions you have right now is probably: what’s happening with home prices ? And it’s no surprise you don’t have the clarity you need on that topic. Part of the issue is how headlines are talking about prices.

They’re basing their negative news by comparing current stats to the last few years. But you can’t compare this year to the ‘unicorn’ years (when home prices reached record highs that were unsustainable). And as prices begin to normalize now, they’re talking about it like it’s a bad thing and making people fear what’s next. But the worst home price declines are already behind us. What we’re starting to see now is the return to more normal home price appreciation .

To help make home price trends easier to understand, let’s focus on what’s typical for the market and omit the last few years since they were anomalies.

Let’s start by talking about seasonality in real estate. In the housing market, there are predictable ebbs and flows that happen each year. Spring is the peak homebuying season when the market is most active. That activity is typically still strong in the summer but begins to wane as the cooler months approach. Home prices follow along with seasonality because prices appreciate most when something is in high demand.

That’s why, before the abnormal years we just experienced, there was a reliable long-term home price trend. The graph below uses data from Case-Shiller to show typical monthly home price movement from 1973 through 2021 (not adjusted , so you can see the seasonality):

As the data from the last 48 years shows, at the beginning of the year, home prices grow, but not as much as they do entering the spring and summer markets. That’s because the market is less active in January and February since fewer people move in the cooler months. As the market transitions into the peak homebuying season in the spring, activity ramps up, and home prices go up a lot more in response. Then, as fall and winter approach, activity eases again. Price growth slows, but still typically appreciates.

Why This Is So Important to Understand

In the coming months, as the housing market moves further into a more predictable seasonal rhythm, you’re going to see even more headlines that either get what’s happening with home prices wrong or, at the very least, are misleading. Those headlines might use a number of price terms, like:

They’re going to mistake the slowing home price growth (deceleration of appreciation) that’s typical of market seasonality in the fall and winter and think prices are falling (depreciation). Don’t let those headlines confuse you or spark fear. Instead, remember it’s normal to see a deceleration of appreciation, slowing home price growth, as the months go by.

Bottom Line

If you have questions about what’s happening with home prices in your area, connect with a trusted real estate professional.

How To Know If You’re Ready to Buy a Home

Sun, 23 Jul 2023 10:30:00 GMT

If you’re trying to decide if you’re ready to buy a home , there’s probably a lot on your mind. You’re thinking about your finances, today’s mortgage rates and home prices , the limited supply of homes for sale, and more. And, you’re juggling how all of those things will impact the choice you’ll make.

While housing market conditions are definitely a factor in your decision , your own life and your finances may be even more important. As an article from NerdWallet says :

Instead of trying to time the market, it may help to focus on what you can control . Here are a few questions that can give you clarity on whether you’re ready to make your move.

1. Do You Have a Stable Job?

One thing to consider is how stable you feel your employment is. Buying a home is a big purchase, and you’re going to sign a home loan stating you’re going to pay that loan back. That can feel like a big obligation. Knowing you have a reliable job and income coming in can help put your mind at ease. As NerdWallet explains :

2. Have You Figured Out What You Can Afford?

To make sure you have a good idea of what you’ll need to save and what you can expect to spend on your monthly payment, talk to a trusted lender. They’ll be able to tell you about the pre-approval process and what you can borrow, current mortgage rates and approximate monthly payments, closing costs to anticipate, what percent of the purchase price of the home you’ll need for a down payment , and more.

The best part is you may find out you’re closer to your goals than you realized. You don’t necessarily need to put 20% down, unless it’s specified by your lender or loan type. As Down Payment Resource says :

3. How Long Do You Plan to Live There?

Another important thing to think about is how long you plan to stay put. It takes time to build equity in your home through paying down your loan and home price appreciation . If you plan to move too soon, you may not recoup your investment. For example, if you’re looking to sell and move again in a year, it might not make sense to buy right now. As a recent article from CNET says :

So, think about your future . If you plan to transfer to a new city with the upcoming promotion you’re working toward or you anticipate your loved ones will need you to move closer to take care of them, that’s something to factor in.

Above all else, the most important question to answer is: do you have a team of real estate professionals in place? If not, finding a trusted local agent and a lender is a good first step.

Bottom Line

If you’re trying to decide if you’re ready to buy a home, these questions can help. But ultimately, your best and more reliable resource is the help of trusted real estate professionals.

Low Housing Inventory Is a Sweet Spot for Sellers [INFOGRAPHIC]

Fri, 14 Jul 2023 10:30:00 GMT

Some Highlights

These 2020 Top 10 Color Trends Can Be a Seller’s Worst Nightmare!

Thu, 13 Jul 2023 20:03:42 GMT

Every year there are new color trends that take center stage in our homes. When it comes to decor, paint is a key component. Selling a home is another matter though. Here color can be your worst enemy.

Never take a chance on color when you’re selling your home. There’s nothing worse than having a possible sale evaporate over a color pallet. Changing the paint on the walls is one of the easiest upgrades a new buyer can do to a home.

It’s not always easy to convince them of that. It’s hard to believe but colors can make a person fall out of love with a home!

Where does that leave us with the 2020 ‘Top 10 ‘ list? Let’s take a look at the colors first.

The 2020 Design Colors

1. Orange Apricot (Apricot Orange)

Below we have, ‘Orange Apricot’. What can anyone say about orange? It’s orange. Even apricot is orange.

Sellers should shy away from painting a whole room in it. Not everyone will find it ‘tasteful.’

This color isn’t overpowering as an accent color. Towels, sheets, and even your front door could use a pop of color. This 2020 color would be a good choice for any of them.

2. Moody Maroon

This color is a good friend of the color ‘red’. We have all been warned painting red in large spaces when trying to sell a home. This color is pretty so if you must use it, please stick to accessories or furniture.

3. Pigmented Terracotta

The one is a very good friend of ‘Moody Maroon’ and should be used as accessories as well. The one thing this trend makes us kind of nervous about it stucco walls. When terracotta comes back in fashion, stucco walls seem to follow. Not everyone is a fan of large red-orange stucco walls.

This color would make your patio, deck or entrance way look fabulous!

4. Pale & Matte

This one is a color combo. Take a candy color like cotton candy pink or pale blue and match it with a frost white. The trick to this? Use matte paint.

This color trend could work well in large areas. Think bedroom accent wall.

5. Metallic Black

This is a very particular color for a very particular person. It’s a trend color that’s bold and innovative. You will either love this color or hate it.

Put it on your wall while you’re trying to sell your home and you’ll cut your buyer pool in half.

Color is powerful.

6. Green Military Acid (Acid Olive)

This one is very interesting. We aren’t referring to the green blanket on the bed. The green we are referring to is the green of the rug. We’re probably going to start a debate here.

Is it green or is it gray? It isn’t a bad choice for a carpet though. Just please don’t put it on a wall. This isn’t a good color for a front door. It’s doesn’t pop so it wouldn’t be inviting.

7. Golden Yellow

Yellow is seen as a friendly color. It should be kept as an accent color while you’re selling.

A popular color in many different shades, yellow always makes the list of trends.

8. Deep Emerald

Oh dear. Please dear seller. We will buy you this paint to put on your new home’s walls. Just don’t put it anywhere in your home while we’re trying to sell it.

Green is the color of luck and money but you’ll have neither if your home sits on the market.

9. Saturated Blue

This is clean looking. We feel very calm looking at it.

Not everyone will feel the same though. This is a savvy color. Pull it into your home through curtains, towels, bedding, etc. This color in material against pale walls will give that same crisp look.

The difference is, buyers won’t have to worry about your curtains. They’ll be putting up their own!

10. Color blocking (Clashing pairings)

We honestly just feel like crying. These trends always have one color scheme that throws up for a loop.

This can’t be a home. It must be one of the sets of Mad Men. Don Draper is about to walk on stage any moment.

It is actually a fun look. People buy homes and make themed room all the time. When it comes to selling though, the only theme that works is ‘hotel chique’. Your home has to look like anyone and everyone will feel relaxed. They need to be able to picture themselves in the space.

Color goes a long way in helping them do that.

Keeping the tones calm and the palette neutral will go a long way in helping them do that. These top colors trends are all good looking. You can use them as accents for bedding, curtains, area rugs, etc.

Strike the right balance to land that contract and move onto your next level in life!

Please feel free to contact us with any questions you may have about setting your home up to sell. You can ask us about anything from color trends to finding out your home worth. You can message us here .

Plano’s Already Hitting Its Resolutions to be in “Top” Lists in the Country for 2020!

Thu, 13 Jul 2023 19:51:03 GMT

We are just a few weeks into the new year. How are you doing on your resolutions? Yes. We hear you. It’s not easy to stay on them. Most people have dropped most of their resolutions by now. We bet if the City of Plano made any resolutions, one would be to ‘Stay Accredited!’ This one is not as easy as it sounds, though.

Year after year our citizens and local government work hard to make it happen!

We’re closing the first month of the year and we’re already on two lists!

Movin’ On Up

Finding a better job is a top resolution for many people each new year.

It’s a good time to be on the job market. According to the U.S. Bureau of Labor Statistics’ most recent jobs report , the national unemployment rate is 3.6 percent, just a bit higher than the 50-year low of 3.5% seen in September 2019.

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College graduates, especially, will see a strong boost in their job prospects. According to the National Association of Colleges and Employers, employers plan to hire 5.8 percent more members from the Class of 2020 than from the previous graduating class.

What kind of work you find and how many jobs are available rely heavily on location. Statics vary greatly from coast to coast. WalletHub compared more than 180 U.S. cities across 31 key indicators of job-market strength. They range from job opportunities to employment growth to monthly average starting salary.

Plano placed 12th in the country’s “Best Places to Work” list.

Congratulations Plano! An area with a strong work for and low unemployment rates are positive key indicators for anyone looking to move into the area.

This bodes well for the local real estate market!

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Resolute Resolutions

We’ve established that where you live can affect the kind of job you land. It can also affect how well you keep your New Year’s resolutions.

Whether they’re healthy, smart, ridiculous or mundane, humans have been promising to make better versions of themselves each new year for millennia.

Whether you decide to give up bubble gum or loose 20 pounds, you’re echoing ancient Babylonian traditions. Not that they blew bubble gum in 4,000 B.C but they were the first to actually celebrate the new year.

They celebrated it in March when the spring crops were planted. It wasn’t until we started looking to the heavens in 46 B.C. when an astronomer named Sosigenes convinced Julius Caesar to begin the new year in January. (You know…because..horoscopes.)

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This year housemethod.com voted Plano the 10th best city in the US for keeping your new years’ resolutions.

You might be thinking that this accolade isn’t a bid deal. You might also be thinking that January has already done in both you and your resolutions.

Hear us out on this one.

This award is one who’s parts are worth more than their sum.

The factors that were taken into account for this list say a lot about the areas themselves. It looked at the average rankings on:

Cities that ranked high in each of these categories tended to keep their resolutions. Each category was given equal weight towards it’s overall score.

Put It All Together

Think about the amazing picture this paints for Plano!

We’re a place where people eat healthier, exercise more, save money and aren’t as frayed from stress as other areas. This is you can get up and slap January back, get back on your resolutions and meet your goals!

You can do it. You’re in great company!

Legacy Hall in Plano Hosts Can’t-Be-Missed Chinese New Year Celebration with 10+ Cultural Experiences!

Thu, 13 Jul 2023 19:21:48 GMT

Looking for something to do this weekend? Stop by Legacy Hall in Plano for a wonderful treat!

From LegacyHall.com

XĪN NIÁN KUÀI LÈ

HAVE A HAPPY NEW YEAR!

For the first time ever, Legacy Hall and Beijing Brothers present to you, Chinese New Year! This year brings positive energy and wealth for all, and we can’t wait to see all the success 2020 has yet to offer.

On Sunday, February 8 from 12pm-6:30pm , celebrate the start of a new decade with our first annual FREE Chinese New Year Celebration (or Lunar New Year, as you may hear it called). Legacy Hall will feature 10+ authentic Chinese cultural experiences, including extravagant dance performances, Chinese cuisine and food theater, a talented calligraphist, a live Chinese choir, a cultural fashion show and so much more. You won’t find this kind of authentic Chinese New Year experience anywhere else!

RSVP NOW to stay up-to-date on more festival details!

THE SCHEDULE

LET THE SHOW BEGIN

Hua Yun Orchestra:

This traditional Chinese music group is a non-profit organization founded in 2013, with a mission to educate and inspire people to enjoy authentic, Chinese music. Hua Yun has developed into an ensemble that includes Erhu, Pipa, Guzheng, Ruan series, Bamboo flute, Sheng, Dulcimer, Liuqin, and other traditional Chinese instruments. They have successfully held an annual concert each year at University of Texas at Dallas since 2014 and will feature five melodious tunes during the festival!

JPS Dance- ACT I:

Founded in April 2000 by Director Ms. Jiaping Shi, this organization serves as one of the most prestigious and influential Chinese dance schools in the the DFW area. Students will perform 10 outstanding dance works including solo dances, trio dances, and small and large group dances in various classical, folk and contemporary styles.

Jasmine Dance:

Experience China’s rich cultural traditions with the Jasmines Chinese Dance Troupe, a group of experienced dancers who are drawn together by a passion for Chinese classical and folk dancing. Known as one of the most popular dance troupes in the DFW metroplex, the Jasmine Girls are ready to express their culture through dance.

Kung Fu Demonstration:

Explore the art of Kung Fu, taught by Johnny Kwong Ming Lee of Lee White’s Leopard Kung Fu School. Don’t miss a thrilling live demonstration of their often complex, and athletic skills.

Cheongsam Show is led by a group of local ladies wearing traditional beautiful Cheongsam dresses. This flashy fashion show will feature multiple colorful dresses accompanied by beautiful dance moves that will make you oooo and ahhh all evening long!

Calligraphist:

Jing Yan is an amazingly talented artist and who has studied the art of Chinese painting and calligraphy since she was four years old. Her works have been featured in the National Gallery of China, the Chinese History Museum, the Chinese History Museum, the Chinese Military Museum, the Hong Kong City Hall, Australia, the United States, Russia, Paris, France and Singapore. She is passionate about Chinese culture and participates in American traditional Chinese cultural exchanges every year. Get ready to be amazed by her talent!

Authentic Chinese Cuisine & Food Theater:

Watch Chef Willy of Beijing Brothers spin his hand-pulled noodles on stage while you enjoy a delicious dumpling pop-up. And don’t forget to show Beijing Brothers some love too! Try a variety of their authentic Chinese dishes–like the Dan Dan Noodles with chicken or pork, red pepper, ginger, and scallions…mmmm, so mouthwatering!

RSVP NOW!

RSVP NOW and bring your friends to Legacy Hall in Plano on Sunday, February 8 from 12pm-6pm for a fun-filled Chinese New Year! This is a FREE event, therefore tickets will not be collected. Seating is first come, first served.

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BEIJING BROTHERS

HŌRU SUSHI

BLUSH WINE BAR

We’re always happy to promote the wonderful events happening around Plano! Do you have an upcoming event you want us to write about? Please contact us to let us know!

Sellers: Don’t Let These Two Things Hold You Back

Sat, 01 Jul 2023 10:30:00 GMT

Many homeowners thinking about selling have two key things holding them back. That’s feeling locked in by today’s higher mortgage rates and worrying they won’t be able to find something to buy while supply is so low. Let’s dive into each challenge and give you some helpful advice on how to overcome these obstacles.

Challenge #1: The Reluctance to Take on a Higher Mortgage Rate

According to the Federal Housing Finance Agency (FHFA), the average interest rate for current homeowners with mortgages is less than 4% ( see graph below ):

The Advice: Waiting May Not Pay Off

While experts project mortgage rates will gradually fall this year as inflation cools, that doesn’t necessarily mean you should wait to sell. Mortgage rates are notoriously hard to predict. And, right now home prices are back on the rise. If you move now, you’ll at least beat rising home prices when you buy your next home. And, if experts are right and rates fall, you can always refinance later if that happens.

Challenge #2: The Fear of Not Finding Something to Buy

When so many homeowners are reluctant to take on a higher rate, fewer homes are going to come onto the market. That’s going to keep inventory low. As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), explains :

Even though you know this limited housing supply helps your house stand out to eager buyers, it may also make you feel hesitant to sell because you don’t want to struggle to find something to purchase.

The Advice: Broaden Your Search

If fear you won’t be able to find your next home is the primary thing holding you back, remember to consider all your options. Looking at all housing types including condos, townhouses, and even newly built homes can help give you more to choose from. Plus, if you’re able to work fully remote or hybrid, you may be able to consider areas you hadn’t previously searched. If you can look further from your place of work, you may have more affordable options.

Bottom Line

Instead of focusing on the challenges, focus on what you can control. Reach out to a local agent so you’re working with a professional who has the experience to navigate these waters and find the perfect home for you.

Pricing Your House Right Still Matters Today

Tue, 27 Jun 2023 10:30:00 GMT

While this isn’t the frenzied market we saw during the ‘unicorn’ years , homes that are priced right are still selling quickly and seeing multiple offers right now. That’s because the number of homes for sale is still so low. Data from the National Association of Realtors (NAR) shows 76% of homes sold within a month and the average saw 3.5 offers in June.

To set yourself up to see advantages like these, you need to rely on an agent. Only an agent has the expertise needed to find the right asking price for your house. Here’s what’s at stake if that price isn’t accurate for today’s market value.

The price you set for your house sends a message to potential buyers.

Price it too low and you might raise questions about your home’s condition or lead buyers to assume something is wrong with it. Not to mention, if you undervalue your house, you could leave money on the table, which decreases your future buying power.

On the other hand, price it too high and you run the risk of deterring buyers from ever touring it in the first place. When that happens, you may have to do a price drop to try to re-ignite interest in your house when it sits on the market for a while. But be aware that a price drop can be seen as a red flag for some buyers who will wonder why the price was reduced and what that means about the home.

A recent article from NerdWallet sums it up like this:

Think of pricing your home as a target. Your goal is to aim directly for the center – not too high, not too low, but right at market value.

Pricing your house fairly based on market conditions increases the chance you’ll have more buyers who are interested in purchasing it. That makes it more likely you’ll see multiple offers too. Plus, when homes are priced right, they still tend to sell quickly.

To get a high-level look into the potential downsides of over or underpricing your house and the perks that come with pricing it at market value, see the chart below:

Lean on a Professional’s Expertise to Price Your House Right

So why is an agent essential in finding the right price? Your local agent has the skill and the insight necessary to find the market value of your home. They’ll use their expertise to determine a realistic listing price by assessing:

Bottom Line

Pricing your house at market value is critical, so don’t rely on guesswork. Work with a trusted real estate agent to make sure your house is priced right for today’s market.

Key Housing Market Trends [INFOGRAPHIC]

Sun, 04 Jun 2023 10:30:00 GMT

Some Highlights

Homebuyers Are Still More Active Than Usual

Fri, 26 May 2023 10:30:00 GMT

Even though the housing market is no longer experiencing the frenzy that was so characteristic of the last couple of years, it doesn’t mean today’s market is at a standstill. In actuality, buyer traffic is still strong today.

The ShowingTime Showing Index is a measure of how much buyers are touring homes. The graph below uses that index to illustrate buyer activity trends over time to help put today into the proper perspective.

It shows there’s seasonality in real estate. If you look at the last normal years in the market ( shown in gray ), there was a consistent pattern as buyer activity peaked in the first half of each year (during the peak homebuying season in the spring) and slowed as each year came to a close.

When the pandemic hit in March of 2020, that trend was disrupted as the market responded to the resulting uncertainty ( shown in blue in the middle ). From there, we entered the ‘unicorn’ years of housing ( shown in pink ). This is when mortgage rates were record-low and buyer demand was sky high. Similar seasonal trends still existed even during that time, just at much higher levels.

Now, let’s look at 2023. Traffic is down from the previous month and it’s also lower than the peaks we saw in the ‘unicorn’ years . But what’s happening isn’t a steep drop off in demand – it’s a slow return toward more normal seasonality. As the ShowingTime report explains :

And, to highlight this isn’t a drastic decline, let’s zoom in. Here’s a graph using just the May data for the last five years. It shows just how strong buyer demand still is.

What Does That Mean for You?

Buyers are still out there touring homes. They’re more active than they were in May 2022 (when sticker shock over higher mortgage rates started to set in) and certainly more than they were in the last normal years. So, remember, buyer activity is still strong. And it could actually be even stronger if it wasn’t constrained by the limited supply of homes for sale. According to U.S. News :

Bottom Line

Don’t lose sight of just how active the market still is today. If your house isn’t on the market, it’s not getting in front of all those buyers who are looking to make a purchase right now. Connect with a real estate agent to start the process.

Simplifying the Market

Dig World — Where Everyone Can Play Builder!

Dude Perfect Joins the Fun

From Shark Tank to North Texas

Joining Grapevine Mills’ Entertainment Boom

What to Expect

Why It Matters

Get Ready, North Texas!

Final Scoop

Why McKinney, TX Is the #1 City for Renters in America

What Makes McKinney the Top Choice for Renters?

Affordable, High-End Living

Quality of Life That Feels Like Home

Strong, Stable Economy

﻿

How Do Nearby Cities Compare?

Dallas

Plano

The South Is on the Rise for Renters

Thinking of Renting in McKinney?

DFW Welcomes More Costco Locations, Including Prosper, Weatherford, and Celina

New Openings This Spring

Looking Ahead to Celina

Costco’s Growing Presence in DFW

Collin County Named Best Place to Live in Texas for 2025 — And It’s Not Even Close

Why Collin County Leads the Pack

Here's how Collin County scored:

How the Rankings Were Calculated

Universal Kids Resort Is Coming To Frisco, Texas

Universal Kids Resort in Frisco Takes Major Step Forward

Updates and Adjustments

Community Input

Looking Ahead

Foreclosure Numbers Today Aren’t Like 2008

It Isn’t the Dramatic Increase Headlines Would Have You Believe

Bottom Line

The Value of an Agent When Buying Your New Construction Home

Agents Know the Local Area and Market

Knowledge of Construction Quality and Builder Reputation

Assistance with Customization and Upgrades

Understanding Builder Contracts and Negotiations

Bottom Line

Real Estate Continues To Be the Best Investment [INFOGRAPHIC]

Some Highlights

There's Only Half the Inventory of a Normal Housing Market Today

Bottom Line

Owning Your Home Helps You Build Wealth

Homeownership Builds Wealth Regardless of Income Level

Bottom Line

Four Ways You Can Use Your Home Equity

1. Buy a Home That Fits Your Needs

2. Reinvest in Your Current Home

3. Pursue Personal Ambitions

4. Understand Your Options to Avoid Foreclosure

Bottom Line

Explaining Today’s Mortgage Rates

Why Does This Matter for You?

Bottom Line

Housing Market Forecast for the Rest of 2023 [INFOGRAPHIC]

Some Highlights

Homebuyers Are Getting Used to the New Normal

Bottom Line

How Inflation Affects Mortgage Rates

How All of This Affects You

Bottom Line

Home Prices Are Rebounding

Here’s How This Affects You

Bottom Line

Tips for Making Your Best Offer on a Home

1. Lean on a Real Estate Professional

2. Get Pre-Approved for a Home Loan

3. Make a Fair Offer

4. Trust Your Agent’s Expertise Throughout Negotiations

Bottom Line

Don’t Fall for the Next Shocking Headlines About Home Prices

Why This Is So Important to Understand

Bottom Line

How To Know If You’re Ready to Buy a Home

1. Do You Have a Stable Job?

2. Have You Figured Out What You Can Afford?

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