PUBLISHER
Sharon Bartlett
0684103
Office: (214) 914-9272
sharon@sharonbartlett.coms www.sharonbartletthomes.com
ADMINISTRATOR
Erika Reyes Administrator Office 800-401-8994 Ex. Email: erika@thepowerisnow.com Website: www.thepowerisnow.com
WRITER
Alvin Magua
Timothy Hornu
0684103
Office: (214) 914-9272
sharon@sharonbartlett.coms www.sharonbartletthomes.com
Texas: Navigating Climate Shifts: Texas Real Estate in the Face of Change
Navigating The Home Selling Process in Grayson County
Understanding Property Taxes in North Texas
Understanding the Collin County Housing Market
Commercial Real Estate Trends in Fannin County
Discover Fannin County: A Comprehensive Guide to Neighborhoods, Amenities, and Real Estate Trends
Press Release for May 23rd, 2024
Existing and New Home Sales Retreat in April as Interest Rates
Weigh on Demand
Press Release for May 31st, 2024
Pending Home Sales Pull Back Sharply as Economic Data Slows Amid Still-Sticky Inflation
Press Release for May 7th, 2024
Housing Sentiment Again Shows Signs of Plateauing
Press Release for May 17th, 2024
Inflation Slows from Q1 Pace but Remains Elevated as Retail Sales Slump in April
Press Release for May 3rd, 2024
Employment Growth Slows as Labor Market Normalizes after Hot Q1
Selling a home in Grayson County can feel daunting, especially in an area like Grayson County. Still, with the right guidance and preparation, it can be a smooth and rewarding experience. This comprehensive guide will walk you through each step of the home selling process, from preparing your home for the market to closing the deal, ensuring you’re equipped with the knowledge and strategies needed to achieve a successful sale.
Begin with a comprehensive inspection to identify any necessary repairs. This includes checking for leaky faucets, cracked tiles, faulty wiring, and any structural issues. Addressing these problems beforehand can prevent them from becoming deal-breakers for potential buyers.
ENHANCE CURB APPEAL:
First impressions are crucial. Ensure your lawn is well-maintained, trim bushes, and plant flowers to add a touch of color. Consider painting the front door and making sure the exterior of the house is clean and inviting.
UPGRADE KEY AREAS:
Focus on high-impact areas like the kitchen and bathrooms, which are often decision-makers for buyers. Simple updates, such as replacing outdated cabinet hardware, installing new light fixtures, or applying a fresh coat of paint, can significantly enhance your home’s appeal and value.
DECLUTTER:
Remove personal items such as family photos, knick-knacks, and excess furniture. This helps potential buyers envision themselves living in the space and makes the home feel more spacious and inviting.
NEUTRAL DECOR:
Use neutral colors for walls and decor to appeal to a broader range of buyers. Neutral tones create a blank canvas that allows buyers to imagine their own style in the home.
PROFESSIONAL STAGING:
Consider hiring a professional stager who can highlight your home’s best features and create an attractive environment for potential buyers. Professional staging can often lead to quicker sales and higher offers.
MARKET ANALYSIS:
Conduct a comparative market analysis (CMA) to understand the value of similar homes in your area. This involves looking at recent sales data, current listings, and market trends.
COMPETITIVE PRICING:
Price your home competitively based on the
findings from the CMA. Overpricing can lead to your home sitting on the market too long while underpricing can result in lost potential profit.
Be prepared to adjust your price if your home doesn’t generate the expected interest within the first few weeks. Market conditions can change, and flexibility can help attract buyers.
Marketing Strategies and Working with a Real Estate Agent
HIGH-QUALITY PHOTOS:
Invest in professional photography to showcase your home’s best features. High-quality images can attract more online interest and encourage potential buyers to schedule viewings.
Offer virtual tours to give potential buyers a detailed view of your home online. This is especially important for out-of-town buyers or those preferring to view homes remotely.
Ensure your home is listed on major real estate websites, such as Zillow, Realtor.com, and the MLS. Use social media platforms to reach a broader audience. Effective online marketing can significantly increase visibility and attract more buyers.
CHOOSING THE RIGHT AGENT:
Select an experienced local agent with a strong track record in your area. Look for someone who understands the Grayson County market and has excellent communication skills.
Your agent will handle marketing, showings, and negotiations. They can provide valuable advice on pricing, improvements, and staging. An experienced agent can also navigate the legal
and procedural aspects of the sale.
COMMUNICATION:
Maintain open communication with your agent to stay updated on the selling process and feedback from showings. Regular updates can help you understand market responses and make informed decisions.
EVALUATE OFFERS:
Consider all aspects of an offer, including the price, contingencies (such as financing or inspection conditions), and the buyer’s financial situation. Assess how these factors align with your goals and timeline.
COUNTEROFFERS:
Be prepared to make counteroffers to negotiate better terms. This might involve adjusting the price, closing date, or addressing requested repairs.
HOME INSPECTION:
Once an offer is accepted, the buyer will likely conduct a home inspection. Be ready to address any issues that arise, either by making repairs or negotiating a credit to the buyer.
APPRAISAL:
The buyer’s lender will require an appraisal to ensure the home’s value supports the loan amount. Be prepared for the possibility that the appraisal may come in lower than expected and have a plan to address it.
CLOSING COSTS:
Be aware of the closing costs you’ll be responsible for, such as agent commissions, transfer taxes, and title insurance. These costs can affect your net proceeds from the sale.
FINAL WALKTHROUGH:
The buyer will perform a final walkthrough before closing to ensure the property is in the agreedupon condition. Make sure all agreed-upon repairs have been completed and the home is clean and ready for the new owners.
By following this detailed guide, you’ll be wellprepared to navigate the complexities of selling your home in Grayson County, making the process less stressful and more rewarding. From thorough preparation and strategic marketing to effective negotiation and closing, each step is designed to help you achieve the best possible outcome. You can confidently move forward and successfully sell your home with the right approach.
If you’re ready to sell your home in Grayson County and want expert guidance every step of the way, reach out to Sharon Bartlettt today. With extensive local market knowledge and a commitment to personalized service, Sharon can help you navigate the home selling process with confidence and ease. Contact her at sharon@sharonbartlett.com or visit her website at sharonbartletthomes.com. You can also call her directly at 214-914-9272 to get started on achieving a successful and rewarding home sale.
This spacious 4-bedroom, 2.5-bathroom home is not only upgraded but move-in ready. As you enter, you’re greeted by stunning hardwood floors that guide you through the formal dining room, which doubles as a fantastic flex space. These beautiful hardwoods extend throughout most of the home. Be prepared to be impressed by the fabulous kitchen, featuring crisp white-painted cabinets, tumbled marble backsplash, new stainless-steel appliances, an island & separate breakfast bar. The luxurious primary suite is located downstairs & features a beautifully updated spa-like bathroom. Upstairs, you’ll find a huge game room that serves as the perfect hub for the upstairs secondary bedrooms, providing everyone with their own retreat. The upstairs bathroom has also undergone a remodel. Outside, the backyard boasts a sparkling pool surrounded by a concrete patio and a charming extended & covered wood deck, creating the ultimate setting for outdoor enjoyment & relaxation
PROPERTY INFORMATION:
Welcome home! Have a seat and relax on the covered front porch with your favorite book or beverage. This spacious 3 bedroom, 2 bathroom gem offers versatile living spaces. The front living room doubles as a formal dining area or study, perfect for your lifestyle. Enjoy the open concept main living area, seamlessly connecting to the kitchen and dining area. Ample cabinetry, an island, and an eat-on breakfast bar make the kitchen a chef’s delight. Privacy is ensured with split secondary bedrooms from the master suite. Outside, the large backyard beckons for play and entertainment. Schedule your appointment today!
Understanding property taxes is a critical aspect of homeownership, particularly in North Texas where rates are among the highest in the nation. With Texas relying heavily on property taxes to fund local services due to the absence of a state income tax, homeowners often feel the financial pinch. However, recent legislative changes and local exemptions offer some much-needed relief. This blog will break down the complexities of property taxes in North Texas, highlight their impact on home affordability, and provide practical tips for managing these costs effectively.
PROPERTY TAX RATES AND THEIR SIGNIFICANCE
In Texas, property taxes play a vital role in funding local services since the state lacks an income tax. This reliance results in some of the highest property tax rates in the country. The average effective property tax rate in Texas is approximately 1.60%, significantly higher than the national average of 0.99%. In North Texas, including areas like Grayson, Tarrant, and Collin
counties, rates typically hover around or slightly exceed this state average.
HOMESTEAD EXEMPTION INCREASE:
In 2023, Texas enacted historic tax cuts, including raising the homestead exemption from $40,000 to $100,000 for school district taxes. This means the first $100,000 of a home’s value is exempt from these taxes, providing substantial savings
PROPOSITION 4:
Approved by voters in November 2023, this measure introduced an $18 billion tax-cut package aimed at compressing school district tax rates by providing state funds to replace local revenues. This initiative is expected to lower tax rates by about 10.7 cents per $100 of property value, offering immediate financial relief to homeowners.
In North Texas, property tax exemptions vary by county, with Collin, Fannin, and Grayson counties offering several ways to reduce the tax burden.
HOMESTEAD EXEMPTION:
Homeowners can reduce the taxable value of their primary residence by up to 20% or a minimum of $5,000.
OVER 65 EXEMPTION:
Seniors receive an additional $40,000 exemption on school taxes, with some cities offering even higher amounts.
DISABLED PERSON EXEMPTION:
Similar to the senior exemption, this significantly reduces taxable property value for homeowners with disabilities.
VETERANS AND AGRICULTURAL EXEMPTIONS:
Disabled veterans and agricultural landowners
benefit from special exemptions that further reduce their taxable property value.
High property taxes can significantly impact home affordability. For potential homeowners, understanding the local tax rates and available exemptions is crucial for budgeting and financial planning. High property taxes can increase the overall cost of homeownership, making it challenging to afford a home, especially for firsttime buyers or those on fixed incomes.
However, recent legislative changes and local exemptions provide substantial relief, making homeownership more attainable. By reducing the taxable value of properties and lowering tax rates, these measures help mitigate the financial impact on homeowners.
Homeowners should ensure they apply for all available exemptions through their county appraisal district. This includes homestead exemptions, senior and disabled exemptions, and any applicable exemptions for veterans or agricultural landowners. Staying informed about deadlines and required documentation is crucial.
Continuous monitoring of local tax policies and exemptions is essential. Local governments and the state may introduce new measures or adjust existing ones, providing further relief.
Incorporate property taxes into your annual budget. Understanding your tax obligations and planning accordingly can prevent financial strain.
If you believe your property’s assessed value is too high, consider appealing the valuation with your local appraisal district. This can potentially lower your property tax bill.
Consulting with a real estate professional or a tax advisor can provide valuable insights and help navigate the complexities of property taxes.
Understanding property taxes in North Texas is essential for homeowners and prospective buyers alike. While the region’s property taxes are among the highest in the nation, recent legislative changes and local exemptions offer significant relief. By maximizing available exemptions, staying informed, and budgeting effectively, homeowners can manage their property taxes and enjoy the benefits of homeownership without undue financial stress.
Property taxes might seem overwhelming, but with the right knowledge and strategies, you can take control of your financial future and make informed decisions about your home. Stay proactive, seek advice, and take advantage of all available resources to minimize your tax burden and maximize your savings.
Ready to take control of your property taxes and make homeownership more affordable? Contact Sharon Bartlettt today for personalized advice and expert guidance. Whether you’re a first-time buyer or a seasoned homeowner, Sharon can help you navigate the complexities of property taxes and maximize your savings. Reach out via email at sharon@sharonbartlett.com, visit her website at sharonbartletthomes.com, or call 214-914-9272 to start your journey toward smarter homeownership in North Texas.
New boost
May 23, 2024
Key Takeaways:
Existing home sales declined 1.9 percent to a seasonally adjusted annualized rate (SAAR) of 4.14 million, according to the National Association of REALTORS® (NAR). The number of homes available on the market jumped 9.0 percent to 1.21 million, the highest level since October 2022. The months’ supply rose three-tenths to 3.5, while the NAR’s measure of the median sales price of existing homes sold rose 5.7 percent compared to a year ago.
New single-family home sales declined 4.7 percent to a SAAR of 634,000 in April following a downward revision to March’s data, according to the Census Bureau. The months’ supply rose six-tenths to 9.1, the highest level since November 2022. The number of new homes available for sale increased 2.1 percent to 480,000, the highest level since January 2008.
The minutes from the Federal Open Market Committee (FOMC) April 30 - May 1 meeting showed officials are likely to maintain a higher-for-longer policy stance, noting “the disinflation process would likely take longer than previously thought.” In addition, “various participants mentioned a willingness to tighten policy further.” With regard to balance sheet runoff, “almost all” participants supported reducing the cap on the runoff of Treasury securities, with “a few” participants saying they would have supported keeping the current cap or reducing the cap by less than the $35 billion per month that was decided upon.
The decline in existing home sales was in line with our second quarter forecast. The climb in mortgage rates from mid-March through early May is likely to continue to affect sales later in the quarter, though we believe further downside risk is limited because existing home sales are already near their “floor.” The increase in homes available for sale remains supportive of our forecast for a gradual drift upward in home sales activity in the second half 2024 and beyond. New home sales were a bit below our expectations, though, and will likely lead to a downward revision to our near-term forecast. However, with new sales relatively soft and the months’ supply rising, we view this report as consistent with our forecast for a near-term pullback in single-family starts. Looking forward, we continue to expect growth in both new home sales and single-family starts in the second half of the year as the inventory of existing homes for sale, though rising, remains below pre-pandemic levels.
The minutes from the FOMC continue to highlight a likely ‘higher-for-longer’ policy stance, barring a significant deterioration in labor market conditions. While we continue to forecast two rate cuts this year, with the first occurring in September, risks remain weighted toward less easing.
https://www.fanniemae.com/research-and-insights/forecast/existing-and-new-home-sales-retreat-april-interest-rates-weigh-demand
Discover serene country living on a 12-acre ranchette near Lake Fork. Tucked at the end of a long driveway, this home features custom finishes in a tranquil setting. Enter thru grand double doors into the bright interior with vaulted ceilings, setting the stage for a luxurious living experience. Featuring an open floorplan, the heart of this home is the stunning kitchen with a massive island, farmhouse sink, granite countertops, & elegant white cabinets. Wood & brass accents add tasteful flair, while a spacious walk-in pantry with custom shelving & an imported Belgian sink adds functionality. The vaulted primary bedroom is a retreat with a spa-like bathroom & an oversized walk-in closet with built-in drawers, custom shelving, recessed lights, & a vanity table.
Welcome to your new home! Nestled in a tranquil neighborhood, this 4-bedroom, 2.5-bathroom residence offers a perfect blend of comfort & style. As you enter, you’ll be greeted by a spacious formal living & dining area, ideal for hosting gatherings or enjoying quiet evenings with loved ones. The heart of the home lies in the wellappointed kitchen & family room located at the rear of the home. Whether you’re cozying up by the fireplace on chilly nights or enjoying the company of friends, this versatile area offers endless possibilities. The primary suite is conveniently situated downstairs. Upstairs, you’ll find 3 additional bedrooms, along with a well-appointed bathroom. The expansive backyard beckons with endless possibilities & awaits your personal touch. Conveniently located near schools, parks, and shopping, this home offers the perfect balance of tranquility and convenience
May 31, 2024
Key Takeaways:
Gross domestic product (GDP), adjusted for inflation, increased at a 1.3 percent seasonally adjusted annualized rate (SAAR) in Q1 2024, a downgrade of three-tenths compared to the advance estimate, according to the Bureau of Economic Analysis (BEA). The downward revision primarily reflects lower consumption (2.0 percent) compared to what was previously reported (2.5 percent), particularly in the consumption of goods, which outright contracted. Gross Domestic Income (GDI), a measure that is theoretically equivalent to GDP but can differ due to measurement error, increased at a 1.5 percent annualized rate in Q1, a slowdown from a downwardly revised 3.6 percent rate in Q4.
Personal income, adjusted for inflation, was flat in April, according to the BEA. Real disposable personal income declined 0.1 percent, leaving it essentially unchanged since January. Real personal consumption expenditures (PCE) declined 0.1 percent amid a 0.4 percent pullback in goods spending; real services spending inched up 0.1 percent. The saving rate was flat at 3.6 percent. The PCE price index increased 0.3 percent for the third consecutive month, though before rounding the figure was a bit softer than prior months (0.26 percent vs. 0.34 percent). Core PCE rose 0.2 percent, a slowdown compared to first quarter data. Compared to a year ago, headline and core PCE prices were up 2.7 percent and 2.8 percent, respectively.
The Conference Board Consumer Confidence Index increased 4.5 points to 102.0 in May after falling 5.6 points in April. Confidence in the present situation was up 2.5 points to 143.1 while the index for consumer expectations increased 5.8 points to 74.6, a three-month high.
The National Association of REALTORS® Pending Home Sales Index, which record contract signings of existing homes and typically leads closed sales by one to two months, declined 7.7 percent to 72.3 in April.
The FHFA Purchase-Only House Price Index increased a seasonally adjusted 0.1 percent in March after a 1.2 percent jump in February. Compared to a year ago, prices rose 6.8 percent on a nonseasonally adjusted basis, a slowdown of three-tenths compared to February.
The downward revision to consumption in the first quarter will likely flow through to a downward revision to our second quarter consumption, and thus GDP, forecast. This is especially true given the pullback in April consumption and a small downward revision to March’s data. Our fundamental view that growth is likely to slow as the year progresses is unchanged and is in part supported by the now-weaker Q1 and April spending data. On the inflation front, price pressures remain above target, though April’s report was a bit better than first quarter inflation data. Given that other data releases have suggested economic growth is indeed slowing in line with our forecast, we continue to believe that a Federal Reserve rate cut in September remains the most likely scenario.
The sharp fall in the pending home sales index presents some downside risk to our second quarter existing home sales forecast, which already calls for a small decline in sales compared to Q1. Still, we continue to believe existing home sales are near their “floor” and are unlikely to fall much below their current levels before beginning a slow recovery in the second half of the year.
https://www.fanniemae.com/research-and-insights/forecast/pending-home-sales-pull-back-sharply-economic-dataslows-amid-still-sticky-inflation
Welcome to your new home! Nestled in a tranquil neighborhood, this 4-bedroom, 2.5-bathroom residence offers a perfect blend of comfort & style. As you enter, you’ll be greeted by a spacious formal living & dining area, ideal for hosting gatherings or enjoying quiet evenings with loved ones. The heart of the home lies in the wellappointed kitchen & family room located at the rear of the home. Whether you’re cozying up by the fireplace on chilly nights or enjoying the company of friends, this versatile area offers endless possibilities. The primary suite is conveniently situated downstairs. Upstairs, you’ll find 3 additional bedrooms, along with a well-appointed bathroom. The expansive backyard beckons with endless possibilities & awaits your personal touch. Conveniently located near schools, parks, and shopping, this home offers the perfect balance of tranquility and convenience
May 7, 2024
WASHINGTON, DC – The Fannie Mae (FNMA/OTCQB) Home Purchase Sentiment Index® (HPSI) was unchanged in April at 71.9 and is showing signs of once again plateauing as consumers continue to adjust to the higher interest rate and home price environment. This month, 67% of consumers indicated that it’s a good time to sell a home, while 20% said it’s a good time to buy a home. These two indicators are up 10 percentage points and 3 percentage points, respectively, since the end of 2023, despite mortgage rates having moved steadily upward. Additionally, the share of respondents who expect mortgage rates to go down over the next 12 months fell to 26%. The full index is up 5.1 points year over year.
“The HPSI, unchanged this month, may have hit another plateau as consumers maintain their ‘wait and see’ approach to the housing market,” said Doug Duncan, Fannie Mae Senior Vice President and Chief Economist. “Overall, housing sentiment increased from November through February, driven largely by consumer belief that mortgage rates would move lower. However, recent data showing stickier-than-expected inflation, rising mortgage rates, and continued home price appreciation appear to have given consumers pause regarding the market’s direction. While only 20% of consumers think it’s a good time to buy a home, 67% think it’s a good time to sell one, a share that’s moved steadily upward since the start of the year. We think consumers’ generally improved sense of home-selling conditions bodes well for listings and housing activity, particularly for the segment of the population who may need to move for lifestyle reasons and have already begun adjusting their financial expectations to the current mortgage rate and price environment. However, for potential homebuyers in less of a rush to transact, ongoing affordability challenges may continue to keep many of them on the sidelines – one reason why we expect home sales to tick up only gradually over the course of the year.”
Fannie Mae’s Home Purchase Sentiment Index (HPSI) remained unchanged in April at 71.9. The HPSI is up 5.1 points compared to the same time last year. Read the full research report for additional information.
Good/Bad Time to Buy: The percentage of respondents who say it is a good time to buy a home decreased from 21% to 20%, while the percentage who say it is a bad time to buy remained unchanged at 79%. As a result, the net share of those who say it is a good time to buy decreased 1 percentage point month over month.
Good/Bad Time to Sell: The percentage of respondents who say it is a good time to sell a home increased from 66% to 67%, while the percentage who say it’s a bad time to sell decreased from 34% to 32%. As a result, the net share of those who say it is a good time to sell increased 3 percentage points month over month.
Home Price Expectations: The percentage of respondents who say home prices will go up in the next 12 months increased from 40% to 42%, while the percentage who say home prices will go down decreased from 20% to 18%. The share who think home prices will stay the same increased from 38% to 39%. As a result, the net share of those who say home prices will go up in the next 12 months increased 3 percentage points over month.
Mortgage Rate Expectations: The percentage of respondents who say mortgage rates will go down in the next 12 months decreased from 29% to 26%, while the percentage who expect mortgage rates to go up decreased from 34% to 33%. The share who think mortgage rates will stay the same increased from 36% to 40%. As a result, the net share of those who say mortgage rates will go down over the next 12 months decreased 1 percentage point month over month.
Job Loss Concern: The percentage of respondents who say they are not concerned about losing their job in the next 12 months decreased from 77% to 76%, while the percentage who say they are concerned remained unchanged at 23%. As a result, the net share of those who say they are not concerned about losing their job decreased 2 percentage points month over month.
Household Income: The percentage of respondents who say their household income is significantly higher than it was 12 months ago decreased from 19% to 17%, while the percentage who say their household income is significantly lower remained unchanged at 12%. The percentage who say their household income is about the same increased from 68% to 70%. As a result, the net share of those who say their household income is significantly higher than it was 12 months ago decreased 2 percentage points month over month.
The Home Purchase Sentiment Index® (HPSI) distills information about consumers’ home purchase sentiment from Fannie Mae’s National Housing Survey® (NHS) into a single number. The HPSI reflects consumers’ current views and forward-looking expectations of housing market conditions and complements existing data sources to inform housing-related analysis and decision making. The HPSI is constructed from answers to six NHS questions that solicit consumers’ evaluations of housing market conditions and address topics that are related to their home purchase decisions. The questions ask consumers whether they think that it is a good or bad time to buy or to sell a house, what direction they expect home prices and mortgage interest rates to move, how concerned they are about losing their jobs, and whether their incomes are higher than they were a year earlier.
The National Housing Survey (NHS) is a monthly attitudinal survey, launched in 2010, which polls the adult general population of the United States to assess their attitudes toward owning and renting a home, purchase and rental prices, household finances, and overall confidence in the economy. Each respondent is asked more than 100 questions, making the NHS one of the
most detailed attitudinal longitudinal surveys of its kind, to track attitudinal shifts, six of which are used to construct the HPSI (findings are compared with the same survey conducted monthly beginning June 2010). For more information, please see the Technical Notes.
Fannie Mae conducts this survey and shares monthly and quarterly results so that we may help industry partners and market participants target our collective efforts to support the housing market. The April 2024 National Housing Survey was conducted between April 1, 2024 and April 18, 2024. Most of the data collection occurred during the first two weeks of this period. The latest NHS was conducted exclusively through AmeriSpeak®, NORC at the University of Chicago’s probability-based panel, on behalf of PSB Insights and in coordination with Fannie Mae. Calculations are made using unrounded and weighted respondent level data to help ensure precision in NHS results from wave to wave. As a result, minor differences in calculated data (summarized results, net calculations, etc.) of up to 1 percentage point may occur due to rounding.
For detailed findings from the Home Purchase Sentiment Index and National Housing Survey, as well as a brief HPSI overview and detailed white paper, technical notes on the NHS methodology, and questions asked of respondents associated with each monthly indicator, please visit the Surveys page on fanniemae.com. Also available on the site are in-depth special topic studies, which provide a detailed assessment of combined data results from three monthly studies of NHS results.
To receive e-mail updates with other housing market research from Fannie Mae’s Economic & Strategic Research Group, please click here.
Fannie Mae’s Economic and Strategic Research Group, led by Chief Economist Doug Duncan, studies current data, analyzes historical and emerging trends, and conducts surveys of consumer and mortgage lender groups to provide forecasts and analyses on the economy, housing, and mortgage markets. The ESR Group was awarded the prestigious 2022 Lawrence R. Klein Award for Blue Chip Forecast Accuracy based on the accuracy of its macroeconomic forecasts published over the 4-year period from 2018 to 2021.
https://www.fanniemae.com/newsroom/fannie-mae-news/housing-sentiment-again-shows-signs-plateauing
Collin County, nestled in the vibrant Dallas-Fort Worth metropolitan area, is a hotbed of real estate activity in 2024. With rising home prices, expanding inventory, and changing buyer behaviors, it’s more important than ever to grasp the nuances of this dynamic market. Whether you’re a firsttime homebuyer, a seasoned investor, or simply curious about the local real estate scene, this comprehensive guide will provide you with the insights you need to make informed decisions in Collin County.
As of April 2024, the median home list price in Collin County stands at approximately $539,279. This represents a 2.7% increase from the previous year, indicating a steady rise in home values. The median price per square foot is around $220, providing a benchmark for evaluating property values. Interestingly, homes are selling for about 3.13% below the asking price, suggesting a slight buyer’s market. This scenario can be beneficial for potential homeowners who may find opportunities to
negotiate better deals as sellers adjust their expectations.
The inventory of homes for sale has seen a notable rise, with a 29.6% increase compared to last year, bringing the total to 5,564 homes. This surge in inventory offers buyers a wider selection of properties. Despite the increase in available homes, sales activity has slowed, with homes staying on the market for an average of 55 days. Several factors contribute to this trend, including higher mortgage rates and economic uncertainties that make buyers more cautious. This longer market duration can benefit buyers by providing them with more time to consider their options and negotiate favorable terms.
Collin County comprises 24 cities, with Plano, McKinney, and Frisco standing out as particularly desirable areas for homebuyers. These cities are known for their excellent amenities, toprated schools, and high quality of life, attracting both families and professionals. Recent sales illustrate the range and appeal of properties in these areas. For example, a 3,436 sq ft home in McKinney sold for $849,900, while a 4,534 sq ft home in Celina fetched $1,430,535. These examples highlight the diversity in home sizes and prices, catering to various buyer preferences.
In the past month alone, over 1,750 new homes were listed, significantly expanding the options available to buyers. The range of properties includes everything from affordable single-family homes to luxurious estates. This influx of new listings is a positive sign for the market, offering buyers a broader selection and potentially stimulating sales activity. For sellers, it indicates a competitive market where pricing and property presentation become critical to attract buyers.
One of the significant draws of Collin County is its top-rated schools. Families are particularly attracted to areas with schools like Cynthia A. Cockrell Elementary, Lovejoy High School, and Robert L. Puster Elementary, all of which boast high ratings. The availability of excellent educational institutions contributes significantly to the county’s appeal. In addition to schools, the county offers a range of amenities, including parks, recreational facilities, shopping centers, and dining options. These amenities enhance the quality of life for residents, making Collin County a desirable place to live.
With rising property values and increasing inventory, Collin County presents numerous opportunities for real estate investment. The continuous development and population growth in the area suggest a robust market with potential for appreciation. Investors might find significant opportunities in areas experiencing new developments and enhancements. These areas cater to the growing population and demand for quality housing, making them attractive for long-term investments. Additionally, the rental market in Collin County remains strong, providing investors with opportunities for steady rental income.
Navigating the competitive Collin County housing market requires strategic planning and informed decision-making. Here are some tips to help you succeed:
Before you start house hunting, get pre-approved for a mortgage. This not only gives you a clear budget but also shows sellers that you are a serious buyer.
A knowledgeable local agent can provide valuable insights into the market, help you find the best properties, and assist with negotiations.
In a competitive market, desirable properties can get snapped up quickly. Be prepared to make swift decisions and submit offers promptly. Consider Your Must-Haves and Nice-to-Haves: Make a list of your must-have features and those that are nice-to-have. This will help you prioritize your needs and make quicker decisions when viewing properties.
Expanding your search criteria can open up more options. Consider different neighborhoods, property types, and sizes to increase your chances of finding the right home.
Even in a competitive market, don’t skip the home inspection. It’s essential to identify any potential issues that could affect the property’s value or your budget.
Keep an eye on market trends and forecasts. Understanding the direction of the market can help you make informed decisions about when to buy or sell.
As we move through 2024, the Collin County housing market continues to evolve, offering a mix of opportunities and challenges. Whether you are a prospective homebuyer or a savvy investor, staying informed about current trends and market dynamics is crucial. The combination of top-rated schools, excellent amenities, and robust investment potential makes Collin County a prime destination. By applying the strategies and insights discussed in this guide, you’ll be better equipped to navigate this competitive and ever-changing market.
Are you ready to explore the opportunities in the Collin County housing market? Contact Sharon Bartlettt for expert guidance and personalized assistance. Whether you’re buying your first home, investing in property, or selling, Sharon is here to help you every step of the way. Reach out today at sharon@sharonbartlett.com or visit sharonbartletthomes.com. Call 214-914-9272 to get started on your real estate journey with a trusted professional by your side.
Your search ends here! Welcome to your dream home. This 3 bedroom, 2.5 bathroom gem features an office downstairs, perfect for those work-from-home days or easily convertible to a 4th bedroom. The kitchen features granite counters, gas cooking and a breakfast bar island, and is open to the eat-in-kitchen area and living room. The living room fireplace insert is perfectly situated on a floor to ceiling accent wall of wood and brass. The primary suite is the perfect oasis to escape to at the end of the day and features another floor to ceiling accent wall and ensuite bathroom with oversized shower. Upstairs, the bonus area offers versatility for a playroom, media space, or whatever suits your lifestyle, along with 2 bedrooms and a bathroom. You’ll love the modern light fixtures illuminating every room throughout the house. Step outside to the fantastic extended covered patio, ideal for entertaining family and friends.
Charming 3 bed, 2 bath home nestled in a no-HOA neighborhood offers a canvas for your dream home! TLC needed, but recent upgrades include a new garage door, hot water heater, and refrigerator. Spacious living areas provide a versatile layout, with a cozy fireplace for chilly nights. The kitchen awaits your personal touch, while the bedrooms offer ample space. The backyard is a nice size and is ready for its transformation. Conveniently located near shops and restaurants, this home is an opportunity to customize and make your own. Don’t miss out on this diamond in the rough!
Step inside to discover a fresh and inviting interior with brandnew interior paint that provides a modern and neutral backdrop for your furnishings. The open floorplan creates a seamless flow between the living, dining, and kitchen areas, perfect for entertaining or simply enjoying quality family time. Now, the canvas is yours to customize. Bring your own ideas and style to make this home uniquely yours. The possibilities are endless, and with the foundation repairs and recent upgrades, you can focus on the fun aspects of transforming this space into your ideal sanctuary. Conveniently located in the Hallmark community, this home is within reach of nearby amenities and schools. Don’t miss the opportunity to make this home your own. Schedule a showing today and envision the endless potential that awaits in your new home!
Located in Tara Farms, this one-story home is within walking distance of Joe K. Bryant Elementary. No HOA. This home is well maintained and features a kitchen that is open to the family room. Owners’ suite located at the back of the home with a view of the backyard, large walk in closet. Buyer and buyer’s agent to verify all information.
Located in the highly sought out Richardson Heights neighborhood, across the street from Dover Elementary school. This home has 3 bedrooms and 1.5 bathrooms and a large backyard. Conveniently located close to US 75 – Central Expressway, dining, entertainment, and shopping. Also, just minutes from Cottonwood Park and all its amenities, including a playground, walking trails, tennis & volleyball courts and swimming pool. Home features hard surface flooring throughout, is ready to be occupied or updated to your preferences. PROPERTY INFORMATION:
Texas, long associated with majesty and tenacity, is facing a strong adversary: climate change. In this huge state, where the real estate market is as diverse as its landscapes, comprehending the impact of climate change is critical. From the Gulf Coast to the parched plains, stakeholders must understand the long-term implications in order to navigate the changing real estate landscape prudently. This blog digs into the various implications of climate change on Texas real estate, providing valuable insights for making informed decisions in this dynamic environment.
Coastal Conundrum: Texas’ wide coastline combines beauty and vulnerability. Rising sea levels, a symptom of climate change, endanger this treasured landscape, threatening coastal residences and infrastructure. As erosion worsens, buyers and investors must do comprehensive risk assessments. Flood insurance costs and storm surge risk must be carefully balanced against the attractiveness of beachfront living. Prudent planning and adaptation are critical to protecting coastal assets in the face of rising sea levels.
Inland Infernos: Texas’s inland areas suffer from their own climate-related hardships, such as crippling droughts and sweltering heatwaves,
away from the coast. As temperatures rise, properties with reliable access to water become valuable commodities. Furthermore, energyefficient elements emerge as selling benefits, providing relief from high utility expenditures during hot summers. Developers, too, must adapt by implementing sustainable measures to battle heat and protect valuable water supplies. In the heart of Texas, resilience is not an option; it is a need.
Fortifying Foundations: Real estate must be fortified against the effects of climate change as it intensifies. Texas’s sustainable development requires the adoption of resilience and adaptation methods. Green infrastructure, ranging from rain gardens to resilient building materials, provides options for stormwater management and extreme weather resilience. Prioritizing resilience allows homeowners and investors to strengthen their homes against climatic uncertainties, establishing long-term communities that are resilient to nature’s whims.
Real estate regulatory frameworks have a big impact on addressing climate change. Texas, aware of its vulnerabilities, has launched efforts such as the Coastal Resiliency Master Plan to strengthen coastal communities against climate hazards. Meanwhile, shifting building rules and zoning restrictions indicate a shift toward climate-resilient standards, influencing the course of property development. Staying on top of regulatory developments is critical for guaranteeing alignment with changing market realities.
Climate change is altering Texas’ real estate environment, bringing equal parts difficulties and possibilities. Stakeholders may confidently negotiate the shifting terrain by understanding the long-term consequences on coastal vulnerability, heat and drought resistance, fortification methods, and regulatory environments. Embracing sustainability and prioritizing resilience are not just goals; they are necessary for developing a vibrant and adaptive real estate market in the face of climate uncertainty. In Texas, as elsewhere, enduring the storm requires planning and
resilience.
Navigate the evolving Texas real estate landscape with Sharon Bartlettt, your expert in resilient and sustainable property solutions. As climate change reshapes our environment, making informed decisions is more crucial than ever. Contact Sharon at 214-914-9272 or visit sharonbartletthomes.com to discover how you can invest wisely and secure properties that thrive in the face of climatic challenges. Trust Sharon to guide you through the complexities of today’s market with insight and foresight.
Whether you’re searching for an investment or simply dream of owning a recently renovated home, don’t miss out on exploring all that this remarkable duplex has to offer! Each unit offers two bedrooms and one bathroom, providing ample space for comfortable living. With their thoughtfully designed layouts and abundance of natural light pouring through large windows, these units offer both functionality and aesthetics. For those seeking convenience and security, each unit also comes with its own one-car garage. Great for protecting your vehicle from the elements, it also provides additional storage space.
Experience the ultimate residential playground in the vibrant Waterview neighborhood packed with a ton of amenities including golf course, water park, tennis courts, multiple fishing spots, swimming pool, etc. This spacious light & bright 4BR home features NO carpet, LED lighting, updated lighting & plumbing fixtures, wrought iron stair railings, cathedral ceilings, & arches. The kitchen is equipped with a gas cooktop, built in oven & microwave, beautiful quartz countertops & black stainless Samsung appliances. Located downstairs, the primary suite includes a large primary bathroom with ample closet space, dual vanities & separate bathtub & shower. An office is also located downstairs, across from a full bathroom. buyer should perform their due diligence & make their own assessments. PROPERTY
Welcome to your dream home! This functional 3-bedroom, 2-bathroom residence is a perfect blend of modern style & comfort. As you enter, you’ll be greeted by the seamless flow of hard surface flooring throughout the entire home—no carpet in sight. Equipped with stainless steel appliances, this kitchen is a practical space for all your cooking endeavors. Step outside into your own private oasis—a large backyard awaits, complete with a covered patio. This outdoor space is perfect for hosting barbecues, enjoying morning coffee, or simply basking in the beauty of your surroundings. The covered patio provides a sheltered retreat, allowing you to enjoy the outdoors in any weather. Don’t miss the opportunity to make this house your home—schedule a viewing today & experience the luxury & comfort that awaits you.
Welcome to a cozy and practical 2-bedroom, 2.5 bathroom condo, covering a comfortable 1, 300 square feet in a secure gated community. As you enter, you’ll find a welcoming living space that’s perfect for everyday living. Both bedrooms suites are located on the 2nd level and feature their own full bathroom. Step outside onto the modest balcony, a nice spot to relax or enjoy a cup of coffee. Residents have access to basic amenities like a community pool, and wellmaintained common areas. Situated close to essential services, shopping, and entertainment options, this condo offers a convenient lifestyle without unnecessary extravagance. Covered parking spot #253 is assigned to this uni
May 17, 2024
The Consumer Price Index (CPI) rose 0.3 percent in April, a deceleration compared to the prior two months, according to the Bureau of Labor Statistics (BLS). Compared to a year ago, prices were up 3.4 percent, a deceleration of one-tenth. Prices for food were flat over the month, while energy prices were up 1.1 percent due to a 2.8 percent increase in gasoline prices. Excluding food and energy, core CPI increased 0.3 percent over the month and 3.6 percent compared to a year ago, the slowest annual rate in three years. Core goods prices outright declined over the month, while core services inflation was up 0.4 percent, a deceleration compared to the monthly gains in the first quarter of the year. Rent and owners’ equivalent rent (OER) prices also increased 0.4 percent.
The Producer Price Index (PPI) increased 0.5 percent in April but followed a downward revision to March’s data, which now shows a 0.1 percent decline rather than the previously reported 0.2 percent increase, according to the BLS. Compared to a year ago, the PPI was up 2.2 percent. Excluding food, energy, and trade services, core PPI increased 0.4 percent over the month and 3.1 percent compared to a year ago.
Retail sales and food services were flat in April, according to the Census Bureau. Strong gains in sales at clothing and accessory stores (+1.6 percent) and a price-related 3.1 percent jump in gas station sales were offset by weak sales in non-store retailers (-1.2 percent) and motor vehicle and parts dealers (-0.8 percent). Restaurant and bar sales increased 0.2 percent. Control group retail sales (excluding auto, building supplies, and gas station sales) declined 0.3 percent and were revised downward modestly in March.
Industrial production, a gauge of output in the manufacturing, utility, and mining sectors, was flat in April, according to the Federal Reserve Board. Manufacturing activity declined 0.3 percent and was revised downward in the prior month. Mining output declined 0.7 percent and utilities output jumped 2.9 percent.
The National Federation of Independent Business (NFIB) Small Business Optimism Index rose 1.2 points to 89.7 in April, its first increase since December. On net, negative 12 percent of firms expect their real sales to be higher in the next six months, an improvement of 6 percentage points. A net 25 percent of firms reported raising average selling prices, a decline of 3 percentage points. At a net 22 percent, inflation remained the most reported “most important” problem, though this was down 3 percentage points compared to March.
Housing starts increased 5.7 percent to a seasonally adjusted annualized rate (SAAR) of 1.36 million in April, according to the Census Bureau. Single-family starts were down a modest 0.4 percent to a SAAR of 1.03 million, while multifamily starts rebounded 30.6 percent (following a 38.8 percent
decline the month prior) to a SAAR of 329,000. Single-family permits fell 0.8 percent to a SAAR of 976,000, their third consecutive monthly decline, while multifamily permits declined 7.4 percent.
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index declined 6 points to 45 in May, its lowest level since January. The index for sales in the present declined 6 points to 51, while the index for sales over the next six months was down 9 points to 51. The index for the foot traffic of prospective buyers declined 4 points to 30.
The April CPI report was in line with our expectations and is encouraging compared to the data received in the first quarter, though it’s clear that some underlying inflation remains sticky. Core services, for example, remained at a pace that is faster than what would be consistent with the Fed’s 2 percent inflation target but did slow to a 0.4 percent month-over-month gain from 0.5 percent in February and March and 0.7 percent in January. Additionally, the PPI report on its face looked to show accelerating inflationary pressures but under the hood was far more encouraging given the downward revisions to March’s data. We continue to expect inflation will drift downward as the year progresses but will remain sticky enough to prevent rate cuts before September.
Control group retail sales, which feed directly into the Bureau of Economic Analysis’s estimates for personal consumption, were weak in April. However, with Easter landing in March this year instead of April, and major spring sales also shifting forward a month, we think seasonal quirks may be understating this data somewhat. Still, this report presents some downside risk to our assumption that consumption growth will remain strong in Q2 due in part to better base effects from the first quarter
The modest pullback in single-family starts was in line with our forecast. While the limited number of existing homes available for sale remains broadly supportive of new home construction and sales in the intermediate to long term, starts have outpaced new home sales in recent months. As such, we expect some near-term softening in starts in response to the relatively weaker sales pace, which would also align with the drop in home builder confidence in May.
https://www.fanniemae.com/research-and-insights/forecast/inflation-slows-q1-pace-remains-elevated-retail-sales-slumpapril
The commercial real estate market in Fannin County, Texas, is brimming with opportunities for investors and businesses. This region, strategically located in North Texas, has shown remarkable growth and potential. In this blog, we will explore the current market landscape, key trends, and future growth predictions. Additionally, we’ll provide valuable tips for corporate buyers looking to invest in this promising area.
Fannin County offers a variety of commercial properties, including land, retail, industrial, and office spaces. The market is active with
numerous listings for both sale and lease, indicating its burgeoning economic potential. Key areas near major highways, such as US Highway 82 and State Highway 121, are particularly attractive for new developments. The county’s strategic location, combined with a favorable business climate and supportive local policies, makes it an ideal destination for commercial real estate investment.
There is a substantial availability of commercial land, especially near major highways. These
areas are prime for new developments like retail centers, industrial parks, and mixed-use projects. The ongoing infrastructure improvements and the expansion of utility services further enhance the attractiveness of these parcels.
POTENTIAL PROJECTS:
The availability of land near US Highway 82 and State Highway 121 opens up opportunities for significant commercial projects that can drive economic growth. Potential developments include large retail complexes, logistics hubs, and technology parks, which can cater to the diverse needs of businesses looking to expand in this region.
DEMAND:
The industrial sector is robust, with various properties available for sale and lease. The demand is driven by the county’s strategic location, favorable for logistics, manufacturing, and distribution operations. The presence of major transportation networks and proximity to key markets enhances the appeal of industrial properties in Fannin County.
GROWTH:
The industrial sector’s long-term prospects remain positive, with expected annual rent growth of 5-6%. The continuous influx of businesses looking for strategic locations for their operations ensures sustained demand for industrial and flex spaces.
ACTIVITY:
The retail sector, particularly in Bonham, the county seat, is very active. Various properties are available for sale and lease, catering to the growing needs of local businesses. The vibrant retail scene includes a mix of local businesses, national chains, and specialty stores, providing a diverse shopping experience for residents and visitors alike.
DEMAND:
Office spaces are also in demand, reflecting
the increasing number of local businesses and professional services requiring such spaces. The growth of the service sector, coupled with the influx of new enterprises, has led to a steady increase in demand for quality office spaces.
1.
Uncertainty: The future of interest rates is uncertain, affecting commercial real estate investment decisions. Investors are focusing on optimizing cash flow to seize opportunities as they arise. The current economic climate, characterized by fluctuating interest rates and evolving financial policies, requires investors to stay vigilant and adaptable.
Resilience: While the industrial sector remains strong, there are signs of softening. However, long-term prospects are positive, especially for warehouse and distribution properties. The growing e-commerce sector and the need for efficient supply chain management continue to drive demand for industrial spaces.
3.
Steady Performance: Neighborhood retail centers continue to perform well, particularly in densely populated urban and suburban areas. The sector is expected to see stable vacancy rates and moderate rent growth. The integration of digital technologies and the rise of Omni channel retail strategies are shaping the future of the retail sector
Demand: The multifamily sector is strong due to high interest rates pricing out potential homebuyers, thus maintaining demand for rental properties. However, there’s less demand for luxury apartments, leading to rent reductions and concessions. Affordable and mid-range rental units are witnessing higher demand, driven by the growing population and the need for accessible housing options.
Advantage: Fannin County’s proximity to major highways makes it an ideal location for businesses involved in logistics and distribution. This strategic advantage is a significant driver for industrial and commercial real estate investments. The easy access to transportation networks facilitates efficient movement of goods and services, enhancing the county’s appeal to logistics companies.
New Projects: The availability of large land parcels offers significant opportunities for new commercial developments. Potential projects include retail centers, industrial parks, and mixeduse developments that cater to the growing population and business needs. Developers can leverage the region’s growth potential by creating spaces that meet the evolving demands of businesses and residents.
Supportive Environment: The broader economic trends in Texas, such as population growth and a favorable business climate, create a supportive environment for commercial real estate investment. The state’s strong economy ensures sustained demand for various commercial property types. The influx of businesses and residents into the region fuels continuous growth, making Fannin County a hotspot for commercial real estate investments.
Legislative Changes: Recent legislative changes in Texas, such as SB 929 and HB 3697, aim to streamline the development approval process and reduce costs. These changes can encourage new commercial projects and investments. The pro-business policies and regulatory reforms are designed to facilitate easier and more costeffective development processes, attracting more investors to the region.
Understand the current market conditions and future growth potential. Analyze recent trends and predictions to make informed investment decisions. Detailed market research helps in identifying the best opportunities and mitigating potential risks.
Invest in properties near major highways and in areas with significant development potential. These locations are likely to offer better returns on investment. Strategic locations enhance the accessibility and visibility of commercial properties, making them more attractive to tenants and buyers.
Evaluate the long-term prospects of different property types. For example, industrial and warehouse properties may offer stable returns due to consistent demand. Long-term planning and foresight are crucial in ensuring sustainable investment growth.
Keep abreast of legislative changes that could impact your investments. Understanding the regulatory environment can help you navigate potential challenges and seize new opportunities. Staying updated with policy changes ensures compliance and leverages new incentives and benefits.
With interest rate uncertainties, focus on optimizing cash flow to ensure your investments remain profitable. This may involve negotiating favorable lease terms or managing expenses effectively. Effective cash flow management helps in maintaining financial stability and resilience in a dynamic market environment.
Fannin County’s commercial real estate market presents a wealth of opportunities for savvy investors. With its strategic location, diverse property offerings, and supportive economic and regulatory environment, this region is poised for continued growth. By staying informed about market trends and making strategic investment decisions, corporate buyers can capitalize on the potential that Fannin County has to offer. The dynamic landscape, coupled with robust economic fundamentals, makes Fannin County a promising destination for commercial real estate investments.
Are you ready to explore the incredible commercial real estate opportunities in Fannin County? I’m Sharon Bartlettt, and I’m here to help you navigate this promising market. Whether you’re an investor or a business looking to expand, my expertise and local knowledge can guide you to the perfect property. Let’s work together to seize these opportunities! Reach out to me directly at 214-914-9272, email me at sharon@sharonbartlett.com, or visit my website at sharonbartletthomes.com. I look forward to helping you achieve your real estate goals in Fannin County!
Welcome to this spacious 5-bedroom, 3-bathroom home with incredible potential! This diamond in the rough is a fixer-upper enthusiast’s dream, awaiting your personal touch and creativity. The open floor plan invites endless possibilities, while the generous bedrooms provide ample space for family and guests. Imagine transforming the backyard into your private oasis. Conveniently located near schools, parks, and amenities, this property is priced to sell. Bring your vision and turn this canvas into your dream home. TLC required, but the possibilities are endless. Don’t miss out on this opportunity
PROPERTY INFORMATION:
Check out this stunning 4-bedroom, 3.5-bathroom home with a 3-car garage! It’s got everything you could want - from an amazing outdoor area to a game room and media room. Inside, you’ll find beautiful built-ins, gorgeous iron balusters, and a mix of carpet, tile, and wood flooring that adds a touch of luxury. The kitchen is a dream with granite countertops, top-notch cabinetry, and stainless-steel appliances. Right off the kitchen is a butlers pantry to ease in entertaining. The family room is in the heart of the home and features a double stacked mantle! With the primary bedroom and study downstairs and three spacious bedrooms upstairs, there’s plenty of room for everyone. Trust me, you won’t want to miss out on this beauty - so bring your qualified buyers!
PROPERTY INFORMATION:
This home offers a fantastic opportunity for customization and personalization. This home features 3 bedrooms, 2 full bathrooms and a 2-car garage. The generous living areas boast a flexible layout, complemented by a welcoming fireplace for cozy evenings. Separate formal living and dining areas are located in the front of the home. The kitchen awaits your creative touch, while the kitchen dining area overlooks the backyard koi pond. The backyard presents ample space for transformation to suit your desires. Conveniently located near the lake, shops and eateries. Seize the chance to make this diamond in the rough your own
Fannin County, Georgia, offers a unique blend of small-town charm, scenic beauty, and vibrant community life, making it an attractive destination for homebuyers and investors. Each neighborhood within the county has its own distinct character, amenities, and lifestyle, providing diverse options for potential residents. In this blog, we will spotlight five standout neighborhoods in Fannin County: Blue Ridge, McCaysville, Morganton, Mineral Bluff, and Epworth. We will explore the amenities, schools, lifestyle offerings, and real estate trends in each area to help you make an informed decision.
Blue Ridge is a picturesque town known for its historic downtown area, which features a variety of boutique shops, art galleries, and gourmet restaurants. The Blue Ridge Scenic Railway is a significant attraction, offering scenic train rides through the North Georgia Mountains. Outdoor enthusiasts will find plenty to do with nearby attractions such as the Chattahoochee National Forest, Lake Blue Ridge, and the Aska Adventure Area, which provide opportunities for hiking, fishing, boating, and camping.
Blue Ridge is served by several well-regarded schools, including Blue Ridge Elementary School, Fannin County Middle School, and Fannin County High School. These schools are known for their strong academic programs, dedicated staff, and a wide range of extracurricular activities that cater to students’ diverse interests.
Living in Blue Ridge means enjoying a vibrant community with a blend of small-town charm and modern conveniences. The town hosts numerous events and festivals throughout the year, such as the Blue Ridge Arts in the Park, the Blue Ridge Blues & BBQ Festival, and the annual Christmas Parade. These events foster a strong sense of community and provide plenty of entertainment options for residents.
The real estate market in Blue Ridge is diverse, featuring a mix of historic homes, modern constructions, and luxury vacation cabins. Property values have been steadily increasing due to the town’s popularity as a tourist destination and a desirable place to live. Whether you’re looking for a permanent residence or a vacation home, Blue Ridge offers a variety of options to suit different preferences and budgets.
Bonham, the county seat of Fannin County, is a hub of activity and convenience. The town is home to numerous parks, including Powder Creek Park, which offers walking trails, playgrounds, and picnic areas. The Bonham State Park, just a short drive away, provides opportunities for fishing, hiking, and camping. The town also has a public library, a community center, and various local shops and restaurants. The Fannin County Museum of History is a notable landmark, offering residents a glimpse into the rich history of the area.
Bonham Independent School District serves the educational needs of the community. The district includes Finley-Oates Elementary School, I.W. Evans Intermediate School, L.H. Rather Junior High School, and Bonham High School. Bonham ISD is known for its dedicated teachers, strong academic programs, and a variety of extracurricular activities. The district places a strong emphasis on student achievement and community involvement.
Bonham boasts a friendly, small-town atmosphere with a strong sense of community. Local events and festivals, such as the Bonham Heritage Day Festival and the Autumn in Bonham event, bring residents together and create a lively social scene. The town also has several recreational facilities, including golf courses and sports fields,
catering to a variety of interests and age groups.
The real estate market in Bonham is steadily growing. The town offers a range of housing options, from historic homes with character to new developments with modern amenities. The average home price is affordable, making it an attractive option for first-time homebuyers and families. In recent years, there has been an increase in demand for properties in Bonham, leading to a rise in property values. This trend makes Bonham a promising area for real estate investment.
Leonard features a variety of amenities that cater to families and individuals alike. The town has several parks, including Leonard City Park, which offers walking trails, playgrounds, and sports facilities. The Leonard Public Library provides residents with access to books, digital resources, and community programs. Leonard is also known for its antique shops, local eateries, and the annual Leonard Picnic, a week-long event that includes parades, carnivals, and community gatherings.
The Leonard Independent School District is highly regarded for its academic excellence and extracurricular activities. The district includes Leonard Elementary School, Leonard Junior High School, and Leonard High School. The schools offer a supportive environment that encourages
student success, with programs in athletics, arts, and academics. The district is also known for its strong community involvement and support.
Leonard is characterized by its warm, welcoming community. The town hosts several annual events, such as the Leonard Picnic, which is a beloved tradition that brings residents together for food, fun, and fellowship. The community also supports local sports teams, with events and games serving as social gatherings for residents of all ages.
Leonard’s real estate market is competitive, with a range of homes from charming bungalows to larger family homes. The area has seen a steady increase in property values, making it a good investment for homebuyers. New developments are also emerging, providing more options for those looking to move into the area. Despite the rising demand, Leonard remains an affordable option for many buyers.
Trenton offers a variety of amenities, including parks, sports facilities, and local dining options. The town’s Trenton Historical Museum is a highlight, showcasing the area’s rich history and offering educational programs for residents. Trenton also features community centers, recreational facilities, and several local businesses that contribute to its small-town charm.
Trenton Independent School District provides quality education with a focus on academic and extracurricular excellence. The district includes Trenton Elementary School, Trenton Middle School, and Trenton High School. The schools are known for their dedicated staff, strong academic programs, and a wide range of extracurricular activities. The district also emphasizes community involvement and support.
Trenton offers a laid-back lifestyle with a closeknit community feel. Residents enjoy participating in local events and activities, such as the annual Fall Festival, which features crafts, food, and entertainment for all ages. The town also has a variety of recreational opportunities, including sports leagues and community programs.
The real estate market in Trenton is growing, with an increase in new home constructions and modern developments. Property values are on the rise, but the area remains affordable for many homebuyers looking for a small-town atmosphere with the benefits of a close community. Trenton’s real estate market offers a mix of historic homes and new builds, catering to diverse preferences and budgets.
Ector may be small, but it offers a range of essential amenities that enhance the quality of life for its residents. The town boasts several well-maintained parks, including Ector City Park and Trident, which feature playgrounds, picnic areas, and walking trails, providing a great space for family outings and outdoor activities. Ector also has a community center that serves as a gathering spot for local events, social activities, and recreational programs. For dining and shopping, residents have access to a selection of local eateries and shops, offering a cozy and convenient shopping experience. The Ector Public Library provides educational resources and community programs, making it a valuable asset for residents of all ages. Additionally, the
town’s proximity to larger cities like Bonham ensures that residents can easily access more extensive amenities and services when needed.
Ector Independent School District serves the area, providing a solid educational foundation for students. The district includes Ector Elementary School and Ector High School. The schools are praised for their personalized approach, strong academic programs, and supportive community. The district also offers a variety of extracurricular activities, including sports, music, and academic clubs.
Ector is known for its quiet, rural lifestyle. The community is tight-knit, with residents often coming together for local events and celebrations. The town’s annual Ector Homecoming event is a highlight, fostering community spirit and togetherness. Residents also enjoy the natural beauty of the area, with opportunities for outdoor activities such as hiking and fishing.
Ector’s real estate market offers a mix of historic homes and newer constructions. The market is stable, with affordable housing options that attract a diverse range of buyers, from young professionals to retirees. The town’s peaceful atmosphere and strong sense of community make it an appealing option for those looking to escape the hustle and bustle of larger cities.
Fannin County, Texas, is a region rich in history, community, and opportunity. Each neighborhood in this county offers something unique, making it a desirable place to live for various lifestyles and preferences. Whether you’re drawn to the charming streets of Bonham, the historic appeal of Honey Grove, the friendly environment of Leonard, the growing potential of Trenton, or the tranquil setting of Ector, there’s a place for you in Fannin County.
These neighborhood spotlights provide a
glimpse into what makes each area special, from amenities and schools to lifestyle and real estate trends. If you’re considering a move to Fannin County, these neighborhoods offer a range of options that can meet your needs and enhance your quality of life. Explore these communities and discover why Fannin County is a great place to call home.
Are you ready to discover your dream home in one of Fannin County’s charming neighborhoods? Contact Sharon Bartlettt today to learn more about the unique amenities, excellent schools, and vibrant lifestyles each community has to offer. Whether you’re interested in Bonham, Honey Grove, Leonard, Trenton, or Ector, Sharon can guide you through the real estate trends and opportunities in each area. Reach out at sharon@sharonbartlett.com, visit sharonbartletthomes.com, or call 214-914-9272 to start your journey to homeownership in Fannin County!
New boost
Welcome to this stunning 5-bedroom, 3.5-bathroom home in McKinney. Built in 2007, this home offers a blend of comfort, style, & functionality. Step inside to discover a move-in ready home with fresh paint & new carpeting throughout. The main level welcomes you with a spacious den, perfect for a home office or study. Entertain guests in the large dining area, then retreat to the inviting family room, bathed in natural light, overlooking the tranquil backyard. The primary suite on the main floor offers a peaceful sanctuary with views of the wooded area behind the home. Upstairs, discover 4 additional bedrooms, 2 full bathrooms & a versatile multipurpose room, ready to be transformed into a game room, second family room, or whatever suits your lifestyle best. Outside, enjoy the privacy & serenity of the wooded backdrop, creating a peaceful retreat for relaxation & outdoor gatherings. Situated in a desirable neighborhood, within close proximity to schools, parks, shopping, & dining.
May 3, 2024
Key Takeaways:
The Federal Open Market Committee (FOMC) held the federal funds rate at its current target range of 5.25-5.5 percent at its April 30-May 1 meeting. The committee announced that beginning in June, the Fed will slow the pace of decline of its securities holdings by reducing the cap on Treasury securities from $60 billion to $25 billion. The MBS cap of $35 billion was unchanged, though the actual runoff has been closer to $15 billion per month. Both the prepared statement and Chair Powell noted a “lack of further progress” toward the 2-percent inflation objective in the first quarter
Nonfarm payroll employment increased by 175,000 in April, a slowdown from the upwardly revised 315,000 jobs added in March. Job gains were strongest in health care, social assistance, and transportation and warehousing. The unemployment rate ticked up one-tenth to 3.9 percent. Wage growth looks to have normalized, with a 0.2 percent gain over the month, bringing the year-over-year comparison to 3.9 percent.
The Job Openings and Labor Turnover Survey (JOLTS) declined by 325,000 to 8.5 million in March, the lowest level in three years but still above the 2019 average of 7.5 million, according to the Bureau of Labor Statistics (BLS). The quits rate declined one-tenth to 2.1 percent, the lowest level since January 2018, excluding the initial 1pandemic shock. Layoffs and discharges eased to 1.5 million after hitting 1.7 million the month prior.
Nonfarm business productivity increased at a 0.3 percent annualized rate in Q1 2024, a sharp slowdown from the 3.5 percent annualized growth rate the quarter prior, according to the BLS. Still, compared to a year ago, productivity was up 2.9 percent, the best year-over-year comparison since in three years. Unit labor costs rose at an annualized rate of 4.7 percent but, compared to a year ago, slowed to just a 1.8 percent gain.
The Employment Cost Index (ECI), a measure of labor compensation, increased 1.2 percent in Q1 2024, an acceleration of three-tenths compared to the prior quarter. Compared to a year ago, the ECI was up 4.2 percent, unchanged from the fourth quarter.
The Institute for Supply Management (ISM) Manufacturing Index slipped back into contractionary territory with a 1.1-point decline to 49.2 in April. Both the new orders and production indices were down, falling 2.3 points to 49.1 and 3.3 points to 51.3, respectively. The not-seasonally adjusted prices paid index rose 5.1 points to 60.9, its highest level since June 2022, likely reflecting higher oil prices.
The Conference Board Consumer Confidence Index dropped 6.1 points to 97.0 in April, its lowest level since July 2022. Confidence in the present situation declined 3.9 points to 142.9, while expectations for the future were down 7.6 points to 66.4.
Light vehicle sales increased 2.8 percent to a seasonally adjusted annualized rate (SAAR) of 16.0 million in April, the best sales pace since December, according to Autodata. The FHFA Purchase-Only House Price Index increased a seasonally adjusted 1.2 percent in February, the largest monthly increase since April 2022. Compard to a year ago, home prices were up 7.0 percent, an acceleration of six-tenths compared to January and the fastest annual growth rate since November 2022.
Employment growth was in line with our Q2 expectations. With wages increasing at a rate that would be consistent with 2-percent inflation if sustained, we view this report as a sign that the labor market is normalizing. Job growth was strong enough to keep pace with population growth and to continue to spur consumption without being so strong that it stokes further inflationary pressures. Looking back to Q1, the ECI came in a bit hotter than expected, consistent with other data showing that inflation picked up a bit to begin 2024. This was offset somewhat by robust productivity growth, though, which pushed unit labor costs down to a level that would be consistent with 2-percent inflation. Productivity is difficult to both measure and forecast, but we view the decline in job openings and another tick down in the quits rate to be consistent with easing wage growth during the year. As such, we continue to expect a gradual, albeit slow, return to 2-percent inflation over time, which is supported by the April jobs report.
From a monetary policy perspective, Chair Powell said that a rate hike was “unlikely” and that the current focus of the committee is on how long to leave the policy rate restrictive. Current market pricing still has between 1 and 2 cuts this year, in line with our current forecast. Other indicators this week, including the ISM manufacturing index and consumer confidence, were also consistent with slowing economic growth in line with our forecast.
https://www.fanniemae.com/research-and-insights/forecast/employment-growth-slows-labor-market-normalizes-afterhot-q1
Welcome to the beautiful Stonebridge Ranch in McKinney! This home features a versatile layout with 4 bedrooms, 2.5 bathrooms, formal dining & living rooms, a study and a spacious family room. Hardwood floors adorn formals, family room & study. The second-floor game room could also be used as a 5th bedroom. Retreat to the expansive upstairs master suite with a large walk-in closet, dual vanity, garden tub, and separate shower. Ample storage in the 3-car tandem garage. Extended utility room offers space for a second fridge. Outside, youll enjoy the backyard pool with plenty of space for entertaining
Nestled in the charming Lakeside at Heath neighborhood, this home boasts 3 bedrooms & 2 bathrooms on the main level, while upstairs features an expansive bedroom & ensuite bathroom. This versatile upper room can serve as a loft, additional living space, game room, secondary master suite, or even a mother-inlaw suite! The main floor presents an inviting open living area, a kitchen equipped with a bar top & island, & a spacious breakfast nook flooded with natural light from numerous windows. With summer almost here, your backyard oasis awaits - enjoy grilling on the covered patio with plenty of space to socialize or play in the backyard. The garage offers added insulation & an internal air conditioning system, ensuring comfort year-round. Retreat to the owner’s suite, complete with additional vents for cooling & a luxurious soaking tub, offering a tranquil escape for your mind, body, & soul. This remarkable home eagerly awaits its new owners to make cherished memories.
