As I look out my window all I can see is all this white stuff! It isn't snow but more like sleet and maybe snow mixed in. I had to make sure that some of the homes I am selling that are vacant had their heat on so we wouldn't have any busted pipes. Yes, I do that for my sellers who have already moved and have their home on the market. Anyway, that is just what we do for those we serve. I also check in frequently with my sellers as well as my past clients just in case they need any advice during this type of weather. I am happy that I can be of assistance when they need it. Here we are at the end of January and the beginning of February. What has happened in the Collin County Real Estate Market? History tell us that January is not one of the most active…

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Are you listening to the media or are you getting the facts from someone who can give you the straight scoop? You might say, yeah, but Realtors just want to sell you a home? First of all Realtors don't sell you a home, the seller does. The Realtor is contracted to service their client to help them buy or sell a home. I just want to get that out of the way. In this market at this time compared to September of this past year, I would say yes it is a good time to buy. Why? If you were wanting to buy in September or maybe even in October of this past year you may have had to bring a large sum of cash to the closing table. Today that is not the case. Yes, interest rates have risen. But how long would an extra $200 a month take to pay $50,000 off. I use that…

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"Beware of false knowledge; it is more dangerous than ignorance"-George Bernard Shaw quote. In real estate, information can be looked at in many ways and for those who have never really worked with this data it could be confusing. When the national news broadcasts information about the housing market what are they including in that data? Is it just single family homes? Is it condos or townhomes? Is it ranch and land and does it also include commercial real estate? Without the specifics it is hard to know what the data is based on. The market in Collin County for "single family resale homes" is reverting back to a "normal trend" that progressed to the end of 2020. I have often said, that the "markets in our area went completely off a normal trend line" of…

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I am not saying that you need to run out and buy a home immediately. What I am concerned about for buyers is that inventory moved up through October 23 of 2022 and since then has continually come down from that high. In other words, we were seeing about a 2.1 months of inventory and up to that point it was continually increasing. Since then it has dropped back to about 1.6 months of inventory on resale homes in North Dallas and Collin County. This is still much more than months previous but not moving in the right direction or holding like we would like to see. The urgency? If I was a potential buyer of residential real estate looking to purchase a home, I would factor this information into when is the right time to buy. Why? If you recall, there were…

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