Posts with tag 'Real Estate News'

In a concerted effort to address the issue of individuals improperly claiming the designation of "Service Animal" for their pets in order to secure housing, board airplanes, or access restricted spaces such as restaurants and theaters, Texas lawmakers have successfully enacted a new piece of legislation. Known as Senate Bill H4161, this law establishes falsifying an animal's status without verifiable evidence of specialized training as a misdemeanor offense. Offenders may face fines of up to $1,000 and may be required to complete 30 hours of community service. The law officially took effect on September 1, 2023. ...

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If you look at the national Real Estate Market and averages for 51 of the major metropolitan areas the year-over-year comparison taken without the context of the volatility of the last 12 months looks like a tiny linear shift. In January 2022 the inventory was low and the market was still being fueled by post-pandemic demand and historically low-interest rates. The rising inventory reflected in this Housing Report does not really explain where that came from but the majority was from two sources. New construction contracts that failed to close because of dramatically higher rates pushed buyer ability to qualify to a new low and right out of contracts for properties that were in construction. Another issue was iBuyer inventory that fell grossly short of anticipated appreciation again caused by the inability of Buyers to keep up with and qualify at the new interest rates. I look for this inventory growth to slow down in our area because these properties are clearing our market as builders and iBuyer communities have been making huge concessions. In addition, with a record number of homes that were withdrawn from the market in Q4 2022, there is still a reasonable balance in resale inventory and that normally represents a stable future for prices and reducing volatility in pricing and percentage differential between listed and closed prices.

Today home Buyers and Sellers are faced with more complexities than ever before.  Soaring values not only make it difficult for competing Buyers, overbidding on homes can lead to unforeseen obstacles too, like short appraisals and a dearth of suitable homes as a replacement. As market conditions, ebb and flow and the power shift turns from Buyer to Seller and back and forth, it pays to have representation that has been through these market shifts before. I jokingly tell people I have been at it since I was a "baby" but with thirty-plus years of experience, it has been a long time! My team and I have developed the systems, knowledge, and connections you need to help you get the most out of your next real estate transaction. Call me today and let me show you how we can put our experience to work for you. Visit me on the web at

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