Fort Bend County, TX Real Estate News

By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
3 Graphs To Show This Isn't a Housing BubbleWith all the headlines and buzz in the media, some consumers believe the market is in a housing bubble. As the housing market shifts, you may be wondering what'll happen next. Its only natural for concerns to creep in that it could be a repeat of what took place in 2008. The good news is, there's concrete data to show why this is nothing like the last time.There's a Shortage of Homes on the Market Today, Not a Surplus The supply of inventory needed to sustain a normal real estate market is approximately six months. Anything more than that is an overabundance and will causes prices to depreciate. Anything less than that is a shortage and will lead to continued price appreciation.For historical context, there were too many homes for sale during ...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Age in Place With a Smart HomeAs we get older, some things that used to come easy start to get a little harder. In some cases, this isn’t that big of a deal, as some of the slow-downs and other problems associated with aging may just be little inconveniences. In other cases, though, the problems that occur as we get older can make it more difficult to maintain an independent lifestyle. This can be a big problem for people who are used to doing everything themselves, as it creates a greater dependence on other people, and in some cases may even make it difficult to live at home alone.Fortunately, there are a number of technological options which make it much easier to age in place at home. Advances in connected devices and smart home technology contribute to this significantly, with home...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Buying a Home May Make More Financial Sense Than Renting OneIf rising home prices leave you wondering if it makes more sense to rent or buy a home in todays housing market, consider this. Its not just home prices that have risen in recent years rental prices have skyrocketed as well. As a recent article from realtor.com says:The median rent across the 50 largest US metropolitan areas reached 1,876 in June, a new record level for Realtor.com data for the 16th consecutive month.That means rising prices will likely impact your housing plans either way. But there are a few key differences that could make buying a home a more worthwhile option for you.If You Need More Space, Buying a Home May Be More AffordableWhat you may not realize is that, according to the latest data from realtor.com an...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
A Window of Opportunity for HomebuyersMortgage rates are much higher today than they were at the beginning of the year, and that's had a clear impact on the housing market. As a result, the market is seeing a shift back toward the range of pre-pandemic levels for buyer demand and home sales.But the transition back toward pre-pandemic levels isn't a bad thing. In fact, the years leading up to the pandemic were some of the best the housing market has seen. Thats why, as the market undergoes this shift, its important to compare today not to the abnormal pandemic years, but to the most recent normal years to show how the current housing market is still strong.Higher Mortgage Rates Are Moderating the Housing MarketThe ShowingTime Showing Index tracks the traffic of home showings according to...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Ways to Dress Up Your PatioMaybe you’ve just moved into your new home and you’ve got a patio of your very own for the first time, or maybe you’ve had one for a while and just didn’t know what to do with it. Patios are magnificently flexible spaces, if not a little boring by themselves. Think of your patio as a three-dimensional canvas that you can literally create anything on that you’d like. From tiki hot tub paradise to casual outdoor dining space, patios are only limited by your imagination. Here are some things to think about when you’re trying to dress yours up!Lights, Camera, Action! Patios are great, but nighttime patio lighting is often lackluster. For patios near the house, many people rely on a single bulb hanging near the back door, and those floating on the lawn may have no ...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Want To Buy a Home? Now May Be the Time.There are more homes for sale today than at any time last year. So, if you tried to buy a home last year and were outbid or out priced, now may be your opportunity. The number of homes for sale in the U.S. has been growing over the past four months as rising mortgage rates help slow the frenzy the housing market saw during the pandemic.Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), explains why the shifting market creates a window of opportunity for you:This is an opportunity for people with a secure job to jump into the market, when other people are a little hesitant because of a possible recession. . . They'll have fewer buyers to compete with.Two Reasons There Are More Homes for SaleThe first reason the market is s...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
A Real Estate Professional Helps You Separate Fact from FictionIf you're following the news, chances are you've seen or heard some headlines about the housing market that don't give the full picture. The real estate market is shifting, and when that happens, it can be hard to separate fact from fiction. Thats where a trusted real estate professional comes in. They can help debunk the headlines so you can really understand todays market and what it means for you.Here are three common housing market myths you might be hearing, along with the expert analysis that provides better context.Myth 1: Home Prices Are Going To FallOne piece of fiction many buyers may have seen or heard is that home prices are going to crash. Thats because headlines often use similar, but different, terms to descri...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
What’s Up With Electric Lawnmowers?Maintaining your lawn is one of the summer’s big tasks. Depending on the size of your property, this could require just a few quick loops with a push mower, or it could take a good part of the day on a riding mower. Even homeowners who just use a small lawnmower are starting to feel the sting of rising gas prices, though, and those who want to leave the Earth a little greener may balk at how much added gas they use during the summer just keeping up with their lawn.There is an alternative to traditional gas-powered lawnmowers, though: electric lawnmowers. Far from being a new fad, the first electric lawnmowers saw widespread use in the 1950s. They have a long (but not always glorious) history with homeowners, but are they worth considering today?Electri...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Three Reasons To Buy a Home in Todays Shifting Market  Some Highlights The housing market is moving away from the frenzy of the past year and its opening doors for you if you're thinking about buying a home. Housing inventory is increasing, which means more options for your search. Plus, the intensity of bidding wars may ease as buyer demand moderates, leading to fewer homes selling above asking price. If you're ready to buy a home, now may be the moment you've been waiting for. Lets connect to start the homebuying process today.     
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Wondering Where You'll Move if You Sell Your House Today?If you put a pause on your home search because you weren't sure where you'd go once you sold your house, it might be a good time to get back into the market. Thats because todays market is undergoing a shift, and the supply of homes for sale is increasing as a result. That means you may have a better chance of finding a home that will meet your current needs. Here are some options to consider.Buying an Existing Home Can Give You That Lived-in CharmAccording to the National Association of Realtors (NAR), the supply of existing homes (a home that's been previously owned) has steadily increased since the beginning of the year. The graph below indicates inventory levels are rising, and that's largely due to more homes coming onto the ...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Why Pre-Approval Is a Game Changer for HomebuyersIf you're planning to buy a home this year, you might have heard that pre-approval is a necessary step to take before starting out on your journey. But why is that? And is it still important in todays shifting market?The truth is, getting a pre-approval letter from your lender is critical, and when it comes to your home search, it can be a game changer in so many ways. To better understand why, its important to know what pre-approval is. Freddie Mac defines the process like this:A pre-approval is an indication from your lender that they are willing to lend you a certain amount of money to buy your future home. The lender you work with will provide you with a pre-approval letter, which is an official document that states the maximum amount...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Common Reasons Closings Get DelayedBuying a home can be one of the most heart-wrenching and nauseating adventures of your life. But once closing is scheduled, that’s it, right? The stomach-in-your-throat feeling should go away and all is smooth sailing.Well, not always. There are many reasons closings may get delayed. Don’t let this list get you down, but it’s a great bit of knowledge to tuck away just in case. Try to remember that sometimes delayed closings do actually happen.Repairs Were Delayed In this age of short labor and uncertain supply chains, repair delays are inevitable. It happens in ideal times, too. Maybe it happens because a part didn’t come in for that water heater that was on your repair sheet, or there was no one available to fix the siding where someone’s grill got a ...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Should You Buy a Home with Inflation This High?While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still going up. You no doubt are feeling the pinch on your wallet at the gas pump or the grocery store, but that news may also leave you wondering: should I still buy a home right now?Greg McBride, Chief Financial Analyst at Bankrate, explains how inflation is affecting the housing market:Inflation will have a strong influence on where mortgage rates go in the months ahead. . . . Whenever inflation finally starts to ease, so will mortgage rates but even then, home prices are still subject to demand and very tight supply.No one knows how long it'll take to bring down inflation, and that means the future trajectory of mortgage rates ...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Think Home Prices Are Going To Fall? Think AgainOver the last two years, the rate of home prices appreciated at a dramatic pace. While that led to incredible equity gains for homeowners, its also caused some buyers to wonder if home prices will fall. Its important to know the housing market isn't a bubble about to burst, and home price growth is supported by strong market fundamentals.To understand why price declines are unlikely, its important to explore what caused home prices to rise so much recently, and where experts say home prices are headed. Here's what you need to know.Home Prices Rose Significantly in Recent YearsThe graph below uses the latest data from CoreLogic to illustrate the rise in home prices over the past year and a half. The gray bars represent the dramatic increase...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
More Ways to Stormproof Your HomeAs spring turns to summer, one thing that unfortunately comes along with that change is summer storms. For some people this means frequent downpours or heavy rains. For others it means lightning or the possibility of severe weather. Even for those who don’t live in areas that commonly experience tornadoes or other severe weather, there is still a possibility of damage from things like flooding and high winds. Whether storms are a common occurrence where you live or only infrequent, keeping your home safe during bad weather should still be a concern.You’ve likely already seen suggestions for how to stormproof your home and stay safe during inclement weather. To make sure that you’ve covered all the bases, here are a few additional ways to stormproof your ...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Great News About Housing Inventory Some Highlights Experts say the number of homes for sale is growing this year, and that can have a big impact on your move. If you're planning to buy, additional options in todays market may be just what you've been waiting for. More inventory means added opportunities to find the home of your dreams. Lets connect so you have the latest information on available homes in our area.   
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
The Drop in Mortgage Rates Brings Good News for HomebuyersOver the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the country should see this decline as welcome news.Freddie Mac reports that the average 30-year rate was down to 5.30% from 5.81% two weeks prior (see graph below):But why is this recent dip such good news for homebuyers? As Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), explains:According to Freddie Mac, the 30-year fixed mortgage rate dropped sharply by 40 basis points to 5.3 percent. . . . As a result, home buying is about 5...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Expert Housing Market Forecasts for the Second Half of the Year The housing market is at a turning point, and if youre thinking of buying or selling a home, that may leave you wondering: is it still a good time to buy a home? Should I make a move this year? To help answer those questions, lets turn to the experts for projections on what the second half of the year holds for residential real estate.Where Mortgage Rates Will Go Depends on InflationWhile one of the big questions on all buyers minds is where will mortgage rates go in the months ahead, no one has a crystal ball to know exactly what'll happen in the future. What housing market experts know for sure is that the record-low mortgage rates during the pandemic were an outlier, not the norm.This year, rates have climbed over 2% due...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Tips for Adding Your First A/CThe weather is heating up, and so is your house. In many areas, this summer may be yet another record-breaker, and the thought of adding an air conditioner to your climate control system has probably crossed your mind more than once. But how do you get started with such an undertaking? What should you keep in mind as you shop for a system?Your FIrst Air Conditioner: You Have Options Before you even start to look around at systems, it’s important to understand your options. Until recently, the most popular home system was a unit that integrated with your central heating system. These air conditioners use an outside condenser to cool fluid that moves through a copper tubing system, and move it back into an air handler, so the air passing over the copper coils...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Should I Buy a Home Right Now?If you've been thinking about buying a home, you likely have one question on the top of your mind: should I buy right now, or should I wait? While no one can answer that question for you, here's some information that could help you make your decision.The Future of Home Price AppreciationEach quarter, Pulsenomics surveys a national panel of over 100 economists, real estate experts, and investment and market strategists to compile projections for the future of home price appreciation. The output is the Home Price Expectation Survey. In the latest release, it forecasts home prices will continue appreciating over the next five years (see graph below):As the graph shows, the rate of appreciation will moderate over the next few years as the market shifts away fro...
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