Date Archives: September 2020

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September
28

Driveway Types - Homeowners - RE/MAX DFW Associates

Even though most homeowners use their driveways every day, it's a commonly overlooked area when it's time for home maintenance and upgrades. If your driveway is starting to show its age or is need of a little TLC, you have a few options to get it looking its best.

Before you add your property to the inventory of Dallas homes for sale, taking care of any driveway issues will ensure your home shows well with potential buyers and help you maximize its value. Here are some options to help you improve your driveway.

Click Here to Read More...

September
21

Family Fitness Destinations - DFW - RE/MAX DFW Associates

With cool urban spaces, parklands, hike and bike trails, zoos, and art museums, there are many places around the Dallas-Fort Worth area where families can go for outdoor activities. In fact, family fitness and health may be even important right now. Be sure to check out some of our real estate agents' favorite outdoor destinations around the DFW.

  • Dallas Arboretum & Botanical Garden - 8525 Garland Rd., Dallas, TX 75218
    Acres upon acres of green spaces, water features, and blossoming flowers comprise the Dallas Arboretum and Botanical Garden. On the shores of White Rock Lake, the Arboretum boasts a complete life science laboratory and interactive children's adventure garden featuring a two-story treehouse, tree canopy walk, and cascading waterfalls. When autumn arrives, over 90,000 pumpkins are used to create a literal pumpkin village and decorate the grounds at the Arboretum. With a variety of Dallas homes for sale in the area, the arboretum and botanical garden offer a peaceful and rewarding outdoor gateway. Visits now require a scheduled arrival window and tickets pre-purchased online.

    Click Here to Read More...

September
14

Cheeseburger Day - DFW - RE/MAX DFW Associates

Break out the bibs and rustle up an appetite – National Cheeseburger Day is Friday, September 18th! What better way to celebrate one of our nation's most iconic foods than to sample some of the best burgers in town. Our real estate agents encourage you to grab your burger crew and head to one of these tasty cheeseburger destinations in the DFW.

  1. Burgers N Beyond – 1704 Galveston Ave., Fort Worth, TX 76110
    Burgers N Beyond
    is a great place to grab a classic cheeseburger cooked to perfection after you've checked out a few Fort Worth homes for sale. Their BNB Burger contains an all-beef patty, lettuce, pickles, cheese, grilled onions, and their BNB sauce. You can double the patties by ordering their Big BNB Burger. With sides like volcano fries, jalapeno poppers, onion rings, and coleslaw, Burgers N Beyond takes taste to the next level with the classic ingredients you know and love.

    Click Here to Read More...

September
1

Sellers Are Returning to the Housing Market | MyKCM

In today's housing market, it can be a big challenge for buyers to find homes to purchase, as the number of houses for sale is far below the current demand. Now, however, we're seeing sellers slowly starting to come back into the market, a bright spark for potential buyers. Javier Vivas, Director of Economic Research at realtor.comexplains:

"Seller confidence has been improving gradually after reaching its bottom in mid-April, and now it appears to have reached an important recovery milestone…After five long months, sellers are back in the housing market; while encouraging, the improvement to new listings is only the first step in the long road to solving low inventory issues keeping many buyers at bay."

Even with the number of homes coming into the market, the available inventory is well below where it needs to be to satisfy buyer interest. The National Association of Realtors (NAR) reports:

"Total housing inventory at the end of June totaled 1.57 million units, up 1.3% from May, but still down 18.2% from one year ago (1.92 million). Unsold inventory sits at a 4.0-month supply at the current sales pace, down from both 4.8 months in May and from the 4.3-month figure recorded in June 2019."

Houses today are selling faster than they're coming to market. That's why we only have inventory for 4 months at the current sales pace when in reality we need inventory for 6 months to keep up. But, as mentioned above, sellers are starting to return to the game. Realtor.com explains:

"The 'housing supply' component – which tracks growth of new listings – reached 101.7, up 4.9 points over the prior week, finally reaching the January growth baseline. The big milestone in new listings growth comes as seller sentiment continues to build momentum…After constant gradual improvements since mid-April, seller confidence appears to be reaching an important milestone. The temporary boost in new listings comes as the summer season replaces the typical spring homebuying season. More homes are entering the market than typical for this time of the year."

Why is this good for sellers?

A good time to enter the housing market is when the competition in your area is low, meaning there are fewer sellers than interested buyers. You don't want to wait for all of the other homeowners to list their houses before you do, providing more options for buyers to choose from. With sellers starting to get back into the market after five months of waiting, if you want to sell your house for the best possible price, now is a great time to do so.

Why is this good for buyers?

It can be challenging to find a home in today's low-inventory environment. If more sellers are starting to put their houses up for sale, there will be more homes for you to choose from, providing a better opportunity to find the home of your dreams while taking advantage of the affordability that comes with historically low mortgage rates.

Bottom Line

While we still have a long way to go to catch up with the current demand, inventory is slowly starting to return to the market. 

 

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.

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