Fort Bend County, TX Real Estate News

By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Home Equity: A Source of Strength for Homeowners TodayExperts agree there's no chance of a large-scale foreclosure crisis like we saw back in 2008, and that's good news for the housing market. As Mark Fleming, Chief Economist at First American, says:. . . don't expect a housing bust like the mid-2000s, as lending standards in this housing cycle have been much tighter and homeowners have historically high levels of home equity, so there likely wont be a surge in foreclosures.Data from the Mortgage Bankers Association (MBA) helps tell this story. It shows the overall percentage of homeowners at risk is decreasing significantly with time (see graph below):But even though the volume of homeowners at risk is very low, there is still a small percentage of homeowners who may be coming face to ...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
More People Are Finding the Benefits of Multigenerational Households TodayIf you're thinking of buying a home and living with siblings, parents, or grandparents, then multigenerational living may be for you. The Pew Research Center defines a multigenerational household as a home with two or more adult generations. And the number of individuals choosing multigenerational living has increased over the past 50 years.As you consider this option for your own home search, know it could help you on your homeownership journey and provide you with other incredible benefits along the way.Living with Loved Ones Could Help You Achieve Your Homeownership GoalsThere are several reasons people choose to live in a multigenerational household, and for many, the arrangement is a personal one. But accordi...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Should You Update Your House Before You Sell? Some Highlights You may be wondering what needs to be renovated before you sell your house. In todays shifting market, making your house appealing is more important than ever. Thats why its essential to lean on a real estate professional who has in-depth knowledge of todays housing market. They know what buyers are looking for and how to highlight any upgrades you make. Lets connect so you know where to focus your efforts so your house will stand out in a todays market.     
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
What Is Matter?Smart home devices give homeowners a lot of control over the way that their homes function, allowing things like lighting control, home security, and even home automation to be as simple as interacting with an app or using voice controls. Depending on the devices used, you can save money and gain greater peace of mind while also having a bit of fun with your home. One thing that isn’t fun, though, is all the work that is sometimes required to set everything up and get it all working together on the same network.The problem is that there are a number of different manufacturers of smart devices, and until recently, they have largely created their own ecosystems. Sure, they all work with Alexa or Google Home, but in order to set them up you have to use the manufacturer’s pre...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Key Factors Affecting Home Affordability TodayEvery time there's a news segment about the housing market, we hear about the affordability challenges buyers are facing today. Those headlines are focused on how much mortgage rates have climbed this year. And while its true rates have risen dramatically, its important to remember they aren't the only factor in the affordability equation.Here are three measures used to establish home affordability: home prices, mortgage rates, and wages. Lets look closely at each one.1. Mortgage RatesThis is the factor most people are focused on when they talk about homebuying conditions today. So far, current rates are almost four full percentage points higher than they were at the beginning of the year. As Len Kiefer, Deputy Chief Economist at Freddie Mac...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
VA Loans Can Help Veterans Achieve Their Dream of HomeownershipFor over 78 years, Veterans Affairs (VA) home loans have provided millions of veterans with the opportunity to purchase homes of their own. If you or a loved one have served, its important to understand this program and its benefits.Here are some things you should know about VA loans before you start the homebuying process.What Are VA Loans?VA home loans provide a pathway to homeownership for those who have served our nation. The U.S. Department of Veterans Affairs describes the program like this:VA helps Servicemembers, Veterans, and eligible surviving spouses become homeowners. As part of our mission to serve you, we provide a home loan guaranty benefit and other housing-related programs to help you buy, build, repair, ret...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
North America Is First in Smart HomesSmart homes are increasingly popular these days, with an estimated 175 million smart homes in operation around the world as of 2022. In this year alone, it’s estimated that smart home devices have generated nearly $91 billion in revenue, and it’s projected that this amount is going to grow significantly over the next few years. In fact, the projected compound annual growth rate of the smart home industry’s revenue between 2020 and 2025 is an astonishing 25 percent.While smart homes are popular around the world, the real peak of their popularity is in North America. It’s estimated that the North American market will account for a full 40% of the smart home market by next year, with the United States making up a good portion of that market share. To gi...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Taking the Fear out of Saving for a HomeIf you're planning to buy a home, knowing what to budget for and how to save may sound scary at first. But it doesn't have to be. One way to take the fear out of budgeting is understanding some of the costs you might encounter. And to do that, turn to trusted real estate professionals. They can help you plan your finances and prepare your budget.Here are just a few costs experts say you can expect.1. Down PaymentSaving for your down payment is likely top of mind as you set out to buy a home. But do you know how much you'll need to save? While each situation is different, there's a common misconception that putting 20% down toward your purchase is required. An article from the Mortgage Reports explains why that's not always the case:The idea that y...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
The Majority of Americans Still View Homeownership as the American DreamBuying a home is a powerful decision, and it remains a key part of the American Dream. In fact, the 2022 Consumer Insights Report from Mynd found the majority of people polled still view homeownership as a key life achievement. Lets explore just a few of the reasons why so many Americans continue to value homeownership.The Financial Benefits of Owning a HomeOne possible reason homeownership is viewed so highly is because owning a home is a significant wealth-building tool, and it provides meaningful financial stability over renting by locking in your monthly housing payments for the length of your home loan. An article from Forbes explains:Understanding the potential benefits of homeownership helps individuals see t...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Evicting Animals From Your ChimneyHaving a mouse in the house can be a real pain. The little thing runs around, gets into everything, and generally causes chaos. And that’s just one little mouse. What happens when you have a much larger animal, or a nest of animals, in a harder-to-control area like a chimney?Unfortunately, unwanted animals in chimneys are a pretty common problem for homeowners, especially if the chimney isn’t used often. Some are difficult to evict because they’re very dug in once you notice them, others because there are specific laws about how and when they can be removed. What Kinds of Animals Enter Chimneys? When it comes to chimneys, there are a whole host of creatures that might come inside. Generally, you’re going to encounter animals that aren’t terribly afraid ...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
VA Loans: Making Homes for the Brave Achievable Some Highlights VA Loans can help make homeownership possible for those who have served our country. These loans offer great benefits for eligible individuals and can help them buy a VA-approved house or condo, build a new home, or make improvements to their house. Homeownership is the American Dream. One way we can honor and thank our veterans is to ensure they have the best information about the benefits of VA home loans.     
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Should You Sell Your Home in the Fall?Spring is the most popular time to sell a home, yet there are some advantages to getting your house on the market in the autumn months. Although you may feel you have missed out by not putting your house on the market in the spring, the fall months for selling your home could be a feather in your cap. Look at the following four benefits to selling your home in the fall, along with tips for leveraging those to find a buyer. Demographics Most Likely to Buy in the Fall Serious homebuyers for this time are often millennials, empty-nesters, or relocated employees without children. Without having to consider a new school year, they are more apt to buy before the end of the year to lock in mortgage rates, avoid the hassle of a move in the winter weather, o...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
3 Trends That Are Good News for Todays Homebuyers While higher mortgage rates are creating affordability challenges for homebuyers this year, there is some good news for those people still looking to buy a home.As the market has cooled this year, some of the intensity buyers faced during the peak frenzy of the pandemic has cooled too. Here are just a few trends that may benefit you when you go to buy a home today.1. More Homes To Choose fromDuring the pandemic, housing supply hit a record low at the same time buyer demand skyrocketed. This combination made it difficult to find a home because there just weren't enough to meet buyer demand. According to Calculated Risk, the supply of homes for sale increased by 39.5% for the week ending October 28 compared to the same week last year.Even ...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Do You Believe Homeownership Is Out of Reach? Maybe It Doesn't Have To Be. It turns out, millennials aren't the renter generation after all. The 2022 Consumer Insights Report from Mynd says there's a portion of millennial and Gen Z buyers who are pursuing homeownership as a way to build their wealth, but it may not be exactly the way previous generations have done it. The study explains how they're breaking into the market:. . . younger generations of Americans are not buying into that dream in the same way that older generations have. A growing number of Americans are choosing to make their first real estate purchase as an investment property. Instead of buying a home and moving into it themselves, some young buyers are purchasing a home so they can use it as a rental. This tactic may ...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Sell Your House Before the HolidaysAs you look ahead to the winter season, you're likely making plans and thinking about what you want to achieve before the year ends. One of those key decision points could be whether or not you want to move this year. If the location or size of your current home no longer meets your needs, finding a house that better suits your lifestyle may be a top priority for you. But with todays cooling housing market, is it really a good time to sell your house, or should you wait?If you're ready to make your decision, here are three reasons you may want to consider selling before the holidays.1. Get One Step Ahead of Other SellersTypically, in the residential real estate market, homeowners are less likely to list their houses toward the end of the year. Thats be...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
The Emotional and Non-financial Benefits of HomeownershipWith higher mortgage rates, you might be wondering if now’s the best time to buy a home. While the financial aspects are important to consider, there are also powerful non-financial reasons it may make sense to make a move. Here are just a few of the benefits that come with homeownership.Homeowners Can Make Their Home Truly Their OwnOwning your home gives you a significant sense of accomplishment because its a space you can customize to your hearts desire. That can bring you added happiness.In fact, a report from the National Association of Realtors (NAR) shows making updates or remodeling your home can help you feel more at ease and comfortable in your living space. NAR measures this with a Joy Score that indicates how much happi...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Radiant Barriers Help Insulation Do MoreWe all know the old song and dance: insulate and weatherproof your home to maximize your utility dollars. Filling all the gaps and keeping all the climate-controlled air where it should be is a huge part of creating a home that’s not only comfortable, but efficient. Or so we’ve been told. The truth is that there’s another step in the process that many homeowners are overlooking, and it’s both easy to install and inexpensive: a special kind of foil called a radiant barrier. What are Radiant Barriers? Radiant barriers aren’t much to look at. In fact, they pretty much just look like really heavy foil like you’d use on your grill or on top of a casserole dish. But they make up for looks in performance. According to Energy.gov, a website produced by th...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Homeownership Wins Over Time Some Highlights If you're questioning whether or not to buy a home this year due to todays cooling market, consider the long-term financial benefits of homeownership. As a homeowner, equity increases your wealth. On average, nationwide, home prices appreciated by 2% since 1991. Homeownership wins in the long run. If you're ready to buy a home, lets connect today.      
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Pre-Approval Is a Critical First Step on Your Homebuying JourneyIf you're planning to buy a home this year, one of the first steps on your journey is getting pre-approved. Especially in today's market when mortgage rates are higher than they were just a few months ago, getting a mortgage pre-approval can be a game changer. Here's why.What Is Pre-Approval?To better understand why pre-approval is key, its important to know what pre-approval is. The Mortgage Reports explains it like this:When you're ready to take the leap into homeownership, your first step is mortgage preapproval. . . . A mortgage preapproval is when a lender determines you're qualified for a home loan. Your preapproval letter shows the maximum loan amount youre approved for (your home buying budget), as well as the speci...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
What Happens to Housing when There's a Recession?Since the 2008 housing bubble burst, the word recession strikes a stronger emotional chord than it ever did before. And while there's some debate around whether were officially in a recession right now, the good news is experts say a recession today would likely be mild and the economy would rebound quickly. As the 2022 CEO Outlook from KPMG says: Global CEOs see a mild and short recession, yet optimistic about global economy over 3-year horizon . . . More than 8 out of 10 anticipate a recession over the next 12 months, with more than half expecting it to be mild and short. To add to that sentiment, housing is typically one of the first sectors to rebound during a slowdown. As Ali Wolf, Chief Economist at Zonda, explains:Housing is tradit...
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