Four Expert Views on the 2021 Housing Market

 Four Expert Views on the 2021 Housing Market

The housing market was a shining star in 2020, fueling the economic turnaround throughout the country. As we look forward to 2021, can we expect real estate to continue showing such promise? Here's what four experts have to say about the year ahead.

Lawrence Yun, Chief Economist, National Association of Realtors (NAR)

In 2021, I think rates will be similar or modestly higher, maybe 3%…So, mortgage rates will continue to be historically favorable.

Danielle Hale, Chief Economist, realtor.com

We expect sales to grow 7 percent and prices to rise another 5.7 percent on top of 2020s already high levels.

Robert Dietz, Senior Vice President and Chief Economist, National Association of Home Builders (NAHB)

With home builder confidence near record highs, we expect continued gains for single-family construction, albeit at a lower growth rate than in 2019. Some slowing of new home sales growth will occur due to the fact that a growing share of sales has come from homes that have not started construction. Nonetheless, buyer traffic will remain strong given favorable demographics, a shifting geography of housing demand to lower-density markets and historically low interest rates.

Mark Fleming, Chief Economist, First American

Mortgage rates are expected to remain low for the foreseeable future and millennials will continue forming households, keeping demand robust, even if income growth moderates. Despite the best intentions of home builders to provide more housing supply, the big short in housing supply will continue into 2021 and likely keep house price appreciation flying high.

Bottom Line

Whether you're ready to buy or sell a home in 2021, if you're planning to take advantage of the market this winter, lets connect to talk about the opportunities available in our local market.

 

Should You Spring for an Insulated Garage Door?

It may seem like a small thing to replace your garage door. After all, it’s just a door, isn’t it? Well, according to Remodeling Magazine, which has kept tabs on the value common home repairs and remodels can return yearly since 2002, a garage door replacement is 2020’s second best returning project, recouping a whopping 94.5% of the costs involved. That’s huge! So maybe a garage door isn’t just a garage door after all.

Why Buy an Insulated Garage Door?

When it comes to choosing your next door, there’s a lot to consider, but one of the biggest decision points is whether or not to opt for an insulated garage door. Insulated garage doors can be a huge benefit to your home, whether you’re getting ready to sell or intend to stay the course for many more years.

Here are just a few of the reasons to choose insulated:

A more durable design. In order to insulate a garage door, additional layers are added to the somewhat thin materials that standard garage doors are made from. These extra layers include both insulation and, generally, a panel to cover the insulation and protect it from damage. Along with these elements, you will often also see additional braces along the door’s length, creating a significantly stronger door.

While it may not seem like a garage door needs to be strong, one of the major causes of garage door damage is wind storms. In fact, the right kind of winds can take an uninsulated garage door and basically crush it like an aluminum can, exposing everything inside your garage to the storm that’s in progress. The more durable materials also help to deter criminals, since the door is much heavier and more difficult to force open.

Improved energy efficiency. With all that insulation comes benefits you’d probably expect, like improved energy efficiency. Although many garages don’t get connected to climate control systems, they still influence the temperature inside your home’s envelope. When it’s very cold or very hot in your garage, air leaks and basic thermal radiation through walls can become extra obvious.

Even if you don’t notice temperature changes due to your garage’s wild temperature swings, your car and other machines probably will. Even though they’re indoors and protected from rain, wind, and snow, temperature extremes can still cause a fair amount of damage over time. Insulated garage doors even out these temperature swings, extending the life of sensitive tools and machines.

Quieter garage spaces. Depending on how your home is set up, adding an insulated garage door can also help reduce garage door noise. If your garage is off of a main living area or isn’t even connected to the house, noise from door vibrations may not be noticeable, but when you have a sleeping baby in a bedroom just above or next to the garage door, you’ll be able to tell. Along with reducing door vibrations, an insulated garage door will help reduce road noise that comes into your home from the outdoors. The thick door is a great sound dampener both ways, though, so your garage band can also make a little bit more noise without anybody outside being the wiser.

Of course, the benefits of an insulated garage door are better realized when your door is properly installed and gaps are eliminated. After all, putting insulation next to a big gap without covering it really does no one any good.

Ready to Install Your New Garage Door?

There are tons of great overhead doors to choose between, but if you need a little more help choosing the best model for your home, you need look no further than your HomeKeepr community. You can find recommendations for general contractors and overhead door experts who will ensure that your door not only is a perfect complement to your home, but is installed properly so you can reap all the benefits an insulated garage door can bring.

Join HomeKeepr

Sienna Village Of Anderson Springs Real Estate Homes For Sale, Rent & Price Trends

 

Sienna Village Of Anderson Springs Real Estate Homes For Sale, Rent & Price Trends

Shayne Stone "Your Rock Solid Choice Realtor" that helps Home Sellers make a Profit and Home Buyers Equity in Sienna Village Of Anderson Springs neighborhood / subdivision / community which is located in Missouri City Texas 77459 zip code in Fort Bend County. Sienna Village Of Anderson Springs has 1,743 single family properties with a median build year of 2008 and a median size of 2,641 Sqft., these home values range between $181 - $404 K. The sqft. price change data is available through 1998. The median sold price/sqft is $114.72 while the median appraised value is $ 106.61/ sqft. View homes for sale or rent in Sienna Village Of Anderson Springs and see new homes, trending properties, Foreclosures and much more.

Sometimes there's nothing listed For Sale in Sienna Village Of Anderson Springs - Bookmark the page and check back often or create your own Listing Alert System to Notify you when a property in Sienna Village Of Anderson Springs Missouri City Texas 77459 hits the Market!

Find Sienna Village Of Anderson Springs Real Estate and Sienna Village Of Anderson Springs Homes For Sale . Sienna Village Of Anderson Springs in Fort Bend County can be found using Neighborhood Information Finder. Detailed information includes Sienna Village Of Anderson Springs Real Estate Profile, Sienna Village Of Anderson Springs Trending Homes, Schools Nearby Sienna Village Of Anderson Springs, Places Nearby Sienna Village Of Anderson Springs and Events Nearby Sienna Village Of Anderson Springs. Click here to find recently sold properties in Sienna Village Of Anderson Springs, Foreclosures in Sienna Village Of Anderson Springs, recently listed homes in Sienna Village Of Anderson Springs.

Sienna Village Of Anderson Springs is a subdivision located in Fort Bend County which is within the Texas. The Sienna Village Of Anderson Springs subdivision is surrounded with restaurants, education opportunities, entertainment venues, shopping and more. See below for more information on the surrounding resources for the Sienna Village Of Anderson Springs subdivision.

 

Can't FIND what you are looking for, ASK ME - I CAN HELP!

 

Sienna Village Of Anderson Springs Real Estate Overview:

• The average price of the homes for sale in Sienna Village Of Anderson Springs is $ 303,913.
• The average square feet of the homes in Sienna Village Of Anderson Springs is 2,641 sqft.
• There are currently 11 homes for lease in Sienna Village Of Anderson Springs subdivision.
• The average rent in Sienna Village Of Anderson Springs is $ 2,123 at an average price of 1 per square foot.

 

For more info on Sienna Village Of Anderson Springs of Missouri City Texas or any of the other Communities within the Fort Bend County area CLICK HERE or Text / Call 832-449-6060

 

Your #LocalRealtor #ShayneStone of #ChampionsRealEstateGroup #HomeSelling #HomeBuying in #SiennaVillageOfAndersonSprings of #MissouriCityTexas

The Dos and Don'ts after Applying for a Mortgage

 

Once you've found the right home and applied for a mortgage, there are some key things to keep in mind before you close. You’re undoubtedly excited about the opportunity to decorate your new place, but before you make any large purchases, move your money around, or make any major life changes, consult your lender someone who is qualified to tell you how your financial decisions may impact your home loan.

Below is a list of things you shouldn't do after applying for a mortgage. They're all important to know or simply just good reminders for the process.

1. Don't Deposit Cash into Your Bank Accounts Before Speaking with Your Bank or Lender. Lenders need to source your money, and cash is not easily traceable. Before you deposit any amount of cash into your accounts, discuss the proper way to document your transactions with your loan officer.

2. Don't Make Any Large Purchases Like a New Car or Furniture for Your New Home. New debt comes with new monthly obligations. New obligations create new qualifications. People with new debt have higher debt-to-income ratios. Higher ratios make for riskier loans, and then sometimes qualified borrowers no longer qualify.

3. Don't Co-Sign Other Loans for Anyone. When you co-sign, you're obligated. With that obligation comes higher ratios as well. Even if you promise you wont be the one making the payments, your lender will have to count the payments against you.

4. Don't Change Bank Accounts. Remember, lenders need to source and track your assets. That task is significantly easier when there's consistency among your accounts. Before you transfer any money, speak with your loan officer.

5. Don't Apply for New Credit. It doesn't matter whether its a new credit card or a new car. When you have your credit report run by organizations in multiple financial channels (mortgage, credit card, auto, etc.), your FICO score will be impacted. Lower credit scores can determine your interest rate and maybe even your eligibility for approval.

6. Don't Close Any Credit Accounts. Many buyers believe having less available credit makes them less risky and more likely to be approved. Wrong. A major component of your score is your length and depth of credit history (as opposed to just your payment history) and your total usage of credit as a percentage of available credit. Closing accounts has a negative impact on both of those determinants of your score.

Bottom Line

Any blip in income, assets, or credit should be reviewed and executed in a way that ensures your home loan can still be approved. If your job or employment status has changed recently, share that with your lender as well. The best plan is to fully disclose and discuss your intentions with your loan officer before you do anything financial in nature.

Sedona Creek Real Estate Homes For Sale, Rent & Price Trends

 

Sedona Creek Real Estate Homes For Sale, Rent & Price Trends

Shayne Stone "Your Rock Solid Choice Realtor" that helps Home Sellers make a Profit and Home Buyers Equity in Sedona Creek neighborhood / subdivision / community which is located in Missouri City Texas 77459 in Fort Bend County. Sedona Creek has 234 single family properties with a median build year of 2003 and a median size of 2,850 Sqft., these home values range between $178 - $240 K. The sqft. price change data is available through 1998. The median sold price/sqft is $86.56 while the median appraised value is $ 70.81/ sqft. View homes for sale or rent in Sedona Creek and see new homes, trending properties, Foreclosures and much more.

Sometimes there's nothing listed For Sale in Sedona Creek - Bookmark the page and check back often or create your own Listing Alert System to Notify you when a property in Sedona Creek Missouri City Texas 77459 hits the Market!

Find Sedona Creek Real Estate and Sedona Creek Homes For Sale. Sedona Creek in Fort Bend County can be found using Neighborhood Information Finder. Detailed information includes Sedona Creek Real Estate Profile, Sedona Creek Trending Homes , Schools Nearby Sedona Creek , Places Nearby Sedona Creek and Events Nearby Sedona Creek. Click here to find recently sold properties in Sedona Creek, Foreclosures in Sedona Creek, recently listed homes in Sedona Creek.

Sedona Creek is a subdivision located in Fort Bend County which is within the Texas. The Sedona Creek subdivision is surrounded with restaurants, education opportunities, entertainment venues, shopping and more. See below for more information on the surrounding resources for the Sedona Creek subdivision.

 

Can't FIND what you are looking for, ASK ME - I CAN HELP!

 

Sedona Creek Real Estate Overview:

• The average price of the homes for sale in Sedona Creek is $ 214,495.
• The average square feet of the homes in Sedona Creek is 2,850 sqft.
• The average rent in Sedona Creek is $ 2,100 at an average price of 1 per square foot.

 

For more info on Sedona Creek of Missouri City Texas or any of the other Communities within the Fort Bend County area CLICK HERE or Text / Call 832-449-6060

 

Your #LocalRealtor #ShayneStone of #ChampionsRealEstateGroup #HomeSelling #HomeBuying in #SedonaCreek of #MissouriCityTexas

The Difference a Year Makes for Homeownership

 

Over the past year, mortgage rates have fallen more than a full percentage point, hitting a new historic low 15 times. This is a great driver for homeownership, as todays low rates provide consumers with some significant benefits. Here's a look at three of them.

1. Move-up or Downsize: One option is to consider moving into a new home, putting the equity you've likely gained in your current house toward a down payment on a new one that better meets your needs something that's truly a perfect fit, especially if your lifestyle has changed this year.

2. Become a First-Time Homebuyer: There are many financial and non-financial benefits to owning a home, and the most important thing is to first decide when the time is right for you. You have to determine that on your own, but know that now is a great time to buy if you're considering it. Just take a look at the cost of renting vs. buying.

3. Refinance: If you already own a home, you may decide you're going to refinance. Its one way to lock in a lower monthly payment and save more over time. However, it also means paying upfront closing costs, too. If you want to take this route, you have to answer the question: Should I refinance my home?

Why 2020 Was a Great Year for Homeownership

Last year, the average mortgage rate was3.93% (substantially higher than it is today). If you waited for a better time to make a move, market conditions have improved significantly. Todays low mortgage rates are a huge perk for buyers, so its a great time to get more for your money and consider a new home.

The chart below shows how much you would save per month based on todays rates compared to what you would have paid if you purchased a home exactly one year ago, depending on how much you finance:

Bottom Line

If you've been waiting since last year to make your move into homeownership or to find a house that better meets your needs, todays low mortgage rates may be just what you need to get the process going. Lets connect today to discuss how you may benefit from the current rates.

Rustlers Crossing Real Estate Homes For Sale, Rent & Price Trends

 

Rustlers Crossing Real Estate Homes For Sale, Rent & Price Trends

Shayne Stone "Your Rock Solid Choice Realtor" that helps Home Sellers make a Profit and Home Buyers Equity in Rustlers Crossing neighborhood / subdivision / community which is located in Missouri City Texas 77459 in Fort Bend County. Rustlers Crossing has 37 single family properties with a median build year of 2000 and a median size of 4,442 Sqft., these home values range between $387 - $596 K. The sqft. price change data is available through 1998. The median appraised value is $ 104.81/ sqft. View homes for sale or rent in Rustlers Crossing and see new homes, trending properties, Foreclosures and much more.

Sometimes there's nothing listed For Sale in Rustlers Crossing - Bookmark the page and check back often or create your own Listing Alert System to Notify you when a property in Rustlers Crossing Missouri City Texas 77459 hits the Market!

Find Rustlers Crossing Real Estate and Rustlers Crossing Homes For Sale. Rustlers Crossing in Fort Bend County can be found using Neighborhood Information Finder. Detailed information includes Rustlers Crossing Real Estate Profile, Rustlers Crossing Trending Homes , Schools Nearby Rustlers Crossing, Places Nearby Rustlers Crossing and Events Nearby Rustlers Crossing. Click here to find recently sold properties in Rustlers Crossing, Foreclosures in Rustlers Crossing, recently listed homes in Rustlers Crossing.

Rustlers Crossing is a subdivision located in Fort Bend County which is within the Texas. The Rustlers Crossing subdivision is surrounded with restaurants, education opportunities, entertainment venues, shopping and more. See below for more information on the surrounding resources for the Rustlers Crossing subdivision.

 

Can't FIND what you are looking for, ASK ME - I CAN HELP!

 

Rustlers Crossing Real Estate Overview:

• The average price of the homes for sale in Rustlers Crossing is $ 695,000.
• The average square feet of the homes in Rustlers Crossing is 4,442 sqft.

 

For more info on Rustlers Crossing  of Missouri City Texas or any of the other Communities within the Fort Bend County area CLICK HERE or Text / Call 832-449-6060

Your #LocalRealtor #ShayneStone of #ChampionsRealEstateGroup #HomeSelling #HomeBuying in #RustlersCrossing of #MissouriCityTexas