The Texas Real Estate Market
Everything really is bigger in Texas—including the real estate market. With record high family home sales in 2015 (nearing 100,000 home sold), and the expectation of even more growth in 2016, Texas seems to be the place to buy a home, despite the lowering oil prices, the real estate market is strong. With the Texas economy booming, and the Dallas-Forth Worth area ranked among the best places to find jobs and one of the strongest real estate markets in the country, it’s no wonder why people are settling down in the Lone Star State.
Suburbian Texas Has A Strong Real Estate Market
A lot of people want easy access to the big city, without having to deal with actually living within the city. Nestled just a few miles south west of the Dallas-Forth Worth area is Granbury, Tx. With a population nearing only 9,000, great property selection of homes and price and in such short driving distance to the big city, Granbury is the perfect area to purchase a home.
Granbury Texas Real Estate
With just about four hundred active real estate listings online within city limits, Granbury has many real estate choices. Most of the available homes for sale in Grandbury are family homes, averaging 3 bedrooms and 2 bathrooms, around 1,500 sq. ft., and priced in the upper $180,000 range. The lower end of the spectrum is well-priced around $50,000 and the upper...
Whats the Difference Between a REALTOR & Real Estate Agent?
Most people are not aware that there is a difference between REALTORS and a Real Estate Agent. What exactly are the differences?
Real Estate Agent vs REALTOR
Before you can sell Real Estate you must be licensed in the state that you work in; as a real estate agent. Many real estate agents are also REALTORS. Although, both are licensed to sell real estate the difference is that a REALTOR is a member of the National Association of Realtors (NAR), the nations largest professional trade association. With paying dues and becoming a member of the National Association of REALTORS, you get the advantages of the support of NAR and also some of the restrictions that come along with being a NAR member. One restriction that you may have noticed already is that since the term "REALTOR" is trademarked, it must be written in all caps.
The National Association of REALTORS
REALTORS (members of NAR) are held to a strict Code of Ethics that you are not guaranteed and most likely will not get from, an agent that is not a member of NAR. In most areas it is the REALTOR that shares information on homes they are marketing through a Multiple Listing Service (MLS). The MLS is a database of homes for sale as well as sold homes....
Real Estate Market Statistics
Real Estate is one of those industries that are very closely measured, similar to the stock market. Home values are constantly in flux based off of the continuous variations in supply and demand. Although the supply of homes for sale and the level of the demand for those homes are the drivers of real estate values, there are many real estate market statistics that measure a multitude of aspects of real estate.
Many real estate agents and brokers throw numbers around all the time but there are few places you can go to fully understand where these statistics come from and exactly what they mean. We are going to break down some of the most common market statistics into common language. Its important to understand that many market statistics can be deducted in a variety of ways, all with the best intentions.
Although this in no way covers every real estate statistic, it does go over the most common terms.
Absorption Rate – Many times you hear a statistician speak about the real estate market, they will use terms such as “months of inventory” – which is referring to the absorption. Absorption rate is the rate at which active real estate properties are being sold in a predetermined...
Real Estate Expectations for 2016
2016 expectations for real estate include higher interest rates, more online property shopping, fewer users of online home pricing tools, record years for some markets, and a continuous market growth if government relaxes real estate rules and if property values continuously increase.
Interest rates should increase slightly
California-based realty research group, RealtyTrac, vice president, Daren Blomquist said, "Affordability is going to be a much bigger hindrance going into 2016." The Federal Reserve anticipated a rise in interest rates as the economy is finally producing jobs. The increase in interest rates will also increase the cost of credit for home buyers, affecting all types of real estate transactions.
According to Blomquist, almost 3% of about 600 counties monitored by his firm in the U.S. are having "unaffordable" home prices for average income earners. He said that if interest rates and home prices rise while wages rise only a little, the 3% of unaffordable market will be expected to increase to about 25%, and home price appreciation will be expected to become stagnant. Moreover, a 5% rise in interest rates will definitely result to in a sudden upsurge of unaffordable markets.
Based on the prediction of realtor.com, prices in housing will rise at an average of 3% this 2016.Source: http://www.marketwatch.com/story/4-real-estate-trends-well-see-in-2016-2015-12-09...