Life in North Texas... by a Realtor®

Where is the Housing Market Headed?

After the past recessions that have hindered the housing market, many people are wondering where the housing market may be headed in the next few years. While there are various opinions on the exact direction and the time frame that corresponds to the outcome, there are several factors that give us a pretty intelligent indication of where the real estate market for housing is headed.

According to Mark Boud, chief economist for Metrostudy, residential housing starts will continue a slow and steady climb between now and 2020 when the number of new single family housing units will reach 1.45 million units. This number will finally be equal to the housing industry's long-term yearly average. He also forecasts the following:

• The national housing market will continue to remain under-supplied (as it is currently) through 2020.
• The market is overloaded with higher-priced housing and an overt shortage of lower-priced "starter" homes.
• Most markets should see a continuing opening for land purchases and developments in the next two years.
• Overall, the price of housing is still overvalued somewhat, although not as much as the years prior to the last housing recession.

For a more detailed breakdown by Mr. Boud, please view his full forecast here:

Housing Forecast

What Does the Future Real Estate Client Look Like?

Recent findings from the Pew Research Center show how demographic forces are driving population changes and reshaping how we live:

 

~ Fewer Americans are married. Only half of U.S. adults today are married, down from 70% in 1950. The increase in unmarried adults was greatest in those ages 50 and older—75% in the same time span—reflecting the rising divorce rate for the age cohort.

 

~ More generations are living together. There are nearly 61 million multi-generational households in the U.S. as of 2014, which includes two or more adult generations or grandparents and grandchildren. Growing Asian and Hispanic populations, which are more likely to live in multi-generational households than whites, explain some of the rise.

 

~ Women might never make up half the workforce. Women represented 46.8% of the U.S. labor force in 2015, but the Bureau of Labor Statistics projects the share of women in the workforce will peak at 47.1% in 2025 before tapering off. The gender pay gap is closing, however, and is even narrower for young adults, with working women ages 25 to 34 making 90% of what their male counterparts made.

 

~ Immigrants are driving workforce growth. Growth in the U.S. working-age population (ages 25 to 64) will be driven by immigrants and their U.S.-born children through 2035 because of a lack of U.S. born children with U.S. born parents. There would be 18 million fewer working-age adults in 2035 without immigrants.

 

~ The share of middle-income households is falling. In 2010, 59% of American adults lived in middle-income households—those with disposable incomes that are two-thirds to double the national median disposable income—down from 62% in 1991. The decline of middle-income households in the U.S. was mirrored across Western Europe, but most Western European countries had a larger share of adults in middle-income households that the U.S.

 

#REALTOR #realestate

Frisco, Texas Ranked 2nd Fastest Growing City in the United States

Frisco, Texas has been ranked the 2nd fastest growing city in the United States! To find out more about why Frisco is such a rapidly-growing community, click this link:

Frisco is 2nd Fastest Growing City in the Country

 

New $700 Million Development by Jerry Jones

Jerry Jones' development company to start new $700M master-planned community in Prosper, Texas. Learn more here:

700M Development in Prosper, Texas by Jerry Jones

 

Frisco ISD is Experiencing Amazing Growth... and Frisco Has Great Plans!

Check out the latest news about the growth and development of Frisco ISD! Lots of exciting things happening for our youth.

Click here to see the latest developments!

 

Under Contract in Dallas!

Under Contract in Dallas! Only two weeks on the market... are YOU ready to sell? Call me at 214.909.8008!

New Contemporary/Modern Designed Homes in Frisco!

Do you prefer more contemporary, modern home designs but would still like to live in Frisco? You're in luck! Check out the model homes in Phillips Creek Ranch here in Frisco... these stunning homes by an Australian company are sure to delight!

If you would like to take a look at these in person, please call me at (214) 909-8008 for a showing or for more details!

Modern, contemporary designs in Frisco!

New Home Sales Hit Five-and-a-Half Year High in January

No slowdown of new home sales - great news for Frisco, as there is lots of new construction in the process. 

Read more about the high level of new home sales here:

New home sales hit five-and-a-half year high in January

Are you ready to buy a new home? There are so many options available right now in Frisco for a brand new dream home; let me help you find the perfect one before the interest rates go up and the home lots are sold - contact me ASAP at 214-909-8008 to get started!

 

Frisco Named as 4th Best City in Texas to Own a Home

Frisco named as the 4th best city in Texas to own a home! As a current Frisco resident myself, I wholeheartedly agree. Read more here:

Frisco Named as 4th Best City to Own a Home in Texas

#frisco #texas #realestate #homes

Existing Home Sales Increase! Great News for North Texas!

Existing-home sales nationwide increased 11.5% in 2013 according to data recently released by the National Association of Realtors.

Closer to home, the North Texas Real Estate Information Systems reports that its MLS sales volume increased 28% in 2013, accompanied by a 10% increase in the number of homes sold.

And, at the Ebby Halliday Companies, sales volume in 2013 increased by 34% over 2012, with a 23% increase in the number of homes sold.

These sales data make it clear that the Dallas / Fort Worth and North Texas real estate market was booming in 2013.

It's also clear that the Ebby Halliday Companies and its sales Associates out-performed the local market in 2013, and the firm expects to continue that trend in 2014.

Visit my web site to find your perfect home!