Those who think they can time the market are playing a “fools’ game”. Did I just say that! Why would consumers think they can predict the economy? Is it the right time to buy the right piece of property, yes, or no? The answer is always “yes.” Timing is a fool’s game. You should always be looking to buy the right piece of real estate. By studying history of the market, it allows you to be informed about the current conditions compared to history and that is very important.

Let’s just look at some information from a recent chart that Gary Keller shared at the Mega Camp of Keller Williams Realty. The chart was for the period of 1990 to 2023. In 2006 the median price of a home reached $222,000 which was 21% above the then-trend line. Meanwhile in 2023…

251 Views, 0 Comments

Searching for a home to purchase can be fun or it can be tiring and stressful based on what we have heard from those trying to purchase a home. During the Covid period we saw a lot of frustration with people trying to find a home and then having to compete with multiple offers and losing their bid to someone who went way over list price. What are we experiencing in today’s market?

The DeBerry Team of KW works with lots of buyers during the year and therefore we get a lot of input. This year so far, we have seen more inventory coming on but still way below what is necessary to keep prices in check. Therefore, those in certain price ranges seem to be having a more difficult time finding the home they desire than those in higher price ranges. Why? Because…

291 Views, 0 Comments

In July, The DeBerry Team has been busy helping home buyers find pre-owned homes as well as new construction homes. July for us was very active in both putting resale homes on the market and helping buyers find the homes they desire. You may ask, what was July like for resale homes in Collin County?

Let’s first understand some of the dynamics in the market at this time. Inventory of resale homes are lower and prices are higher overall with increased interest rates. These things together put a damper on sales for resale homes. Sometimes even negative local news is a factor in both buying and selling decisions. To get the real scoop on the real estate market in your area, speak with a Realtor. Sellers’ may say it is good time to sell due to fewer homes…

257 Views, 0 Comments

Every homeowner, including myself, always has something to say about our property taxes. Each year I help many of my past clients by providing them with information to help them protest them. My team and I have been doing this for many, many years. It looks like we just may be getting some needed relief finally. However, some may say it comes at a cost in other areas and I am not one to argue that point because doing one thing may affect something else. However, with that said, this looks pretty good for home owners. The demand for homes is still strong in Texas. Interest rates may be holding some people back who already own their home from putting them on the market but over the last couple months we have seen some changes in that area as well. It is a…

295 Views, 0 Comments

Our team has just listed a wonderful 4 bedroom 3 bath home with approximately 2,588 square feet of living space in Richardson Texas. It is located in the in the  Plano ISD school system. This home has beautiful wood flooring and other amenities such as a see-thru fireplace. This home is a must see! Contact The DeBerry Team at 214-215-5106 if interested. 

Richardson, Texas is a great place to buy a home. It's a vibrant city with a lot to offer families, professionals, and retirees alike. Here are just a few reasons why you should consider buying a home in Richardson:

  • Safe and family-friendly: Richardson is a safe and family-friendly city with a low crime rate. It's also a great place to raise kids, with plenty of parks, playgrounds, and other…

351 Views, 0 Comments

Does this sound familiar? Where are we in Collin County on resale homes? Inventory for them has not increased to 2019 levels, yet. Demand was not as high for resale homes based on pending sales in June compared to the last 4 years. Interest rates have gone up and down but not as good as they were over the past few years. Will they ever return to where they were? To be frank, no. Get use to the new normal.  Medium home prices were lower than last June for a resale home. However, they were higher than what they were in May. What does this mean? The market is stabilizing and that is all it means.

Yes, we can all look at our “real estate crystal ball” and say one thing or the other. The fact is the fact. Inventory is still lower than it was in 2019 for…

453 Views, 0 Comments

New Construction Homes in Princeton, Texas

Princeton, Texas is a charming town located just north of Dallas. It's a great place to raise a family or retire, and it's also a great place to find new construction homes.

The DeBerry Team of Keller Williams Realty is a leading real estate team in Princeton, and they have a wide selection of new construction homes for sale. They offer homes in a variety of styles and sizes, so you're sure to find the perfect home for your needs.

Here are some of the benefits of buying a new construction home:

  • Brand new everything: New construction homes come with all new appliances, fixtures, and finishes. This means that you won't have to worry about replacing anything for years to come.
  • Energy…

278 Views, 0 Comments

Absolutely!

The housing market in Collin County is a hot one, with homes selling quickly and prices rising. In this market, it's important to understand the difference between total inventory and active single family listings.

Inventory refers to the total number of homes on the market, both single-family homes and multifamily homes. Active listings refer to the number of single-family homes that are currently for sale.

In a balanced market, inventory and active listings are about equal. However, in a seller's market like Collin County, inventory is low and active listings are high. This means that there are more buyers than sellers, and homes are selling quickly.

The low inventory in Collin County is due to a number of factors, including:

337 Views, 0 Comments

No, I am not kidding! Why do I feel that it is a good time to sell? Median sales prices in Collin County have risen 7% from January of this year. Next, inventory of homes is slowly growing and this will affect home prices in the future. Now is a good time to sell.

Is demand there? Let me put it this way, is there enough inventory to meet the existing demand? The answer is no. However, we are seeing inventory growing which will give more choices to buyers in the market and the more it does the more competition sellers will have to compete with. Now is a good time to sell while inventory is low.

There are times to take advantage of markets and this is one of them. You can wait and see or you can check with a realtor to find out what the best decision…

227 Views, 0 Comments

Some would say both. There is some truth to that, however, what has gone up the most? Home Prices! Traditionally home prices escalated around 4 to 6% annually. What we saw during the pandemic is home prices skyrocketing up, in some cases, 24% or more. No matter what the interest rates this is a huge increase. At one time, when interest rates up 18% or more, this was a big issue but homes were still selling. Why? The average home prices were at a level that these homes continued to be affordable.

The old saying really applies to this situation, “what comes first, the chicken or the egg?” Today’s case is home prices. It doesn’t matter what the interest rates are or at least doesn’t matter as much when home prices are affordable. Where do we go from here…

313 Views, 0 Comments