The Weekly Wrap-Up


Are you searching for a new home? Take a look at some of this week’s fabulous featured properties.

3815 Branchfield Drive | Dallas | $3,295,000

6810 Mimosa Lane | Dallas | $2,195,000

14816 Bellbrook Drive | Addison | $1,877,000

6006 Lupton Drive | Preston Hollow | $1,200,000

1316 Lincoln Court | Allen | $850,000

2088 Holt Way | Grapevine | $790,000

227 Loon Bay Drive | Gun Barrel City | $610,000

4242 Lomo Alto Drive N81 | Highland Park | $535,000

13920 Alden Lane | Frisco | $449,900

1902 Newport Avenue | Dallas | $385,000

To view more spectacular homes for sale, visit ebby.com.

The Weekly Wrap-Up


Are you searching for a new home? Take a look at some of this week’s fabulous featured properties.

3815 Branchfield Drive | Northeast Dallas | $3,295,000

7533 Colgate Avenue | University Park | $1,700,000

429 Sunrise Ridge Drive | Heath | $1,495,000

3904 Dove Creek Lane | Plano | $849,000

12 Vicksburg Lane | Richardson | $625,000

5270 Town and Country Boulevard #132 | Frisco | $550,000

7619 Spring Valley Road | Dallas | $529,000

7321 Rustic Valley Drive | Dallas | $525,000

8406 Baumgarten Drive | Northeast Dallas | $489,900

6213 Crested Butte Drive | Far North Dallas | $431,900

To view more spectacular homes for sale, visit ebby.com.

‘Tis the Season to Sell Your Home


Christmas Decorations At Front Door of House.

Contrary to popular belief, the holiday season – especially this holiday season – may actually be an ideal time to offer your North Texas home for sale! Why?

  • The average home sales price in North Texas is up almost 15 percent over this time last year.
  • Interest rates are at historic lows, which means buyers have more buying power than ever before.
  • Inventory of homes for sale remains at historic lows while showing activity is still tracking higher than this same time last year. 
  • Many people are still working from home, which means a lot of them may want more space, home offices, or just a change of scenery. Combined with lighter work schedules and less (anticipated) travel during the holidays, prospective buyers may use the extra time to search for a new home. 
  • Consumers who shop for a home during the holidays are serious, motivated buyers.
  • Typically there are even fewer homes on the market during the holiday season. Translation: less competition for you.
  • Homes “show” better when decorated for the holidays.
  • Many transferees are not able to wait until the spring market to buy. They are here now and need a home now.
  • By selling now, you’ll have an opportunity to be a non-contingent buyer during the spring, when many more houses will be for sale, which may mean lower prices. This could allow you to sell high and buy low.

To get started, visit ebby.com.

What Millennials Want in a Home


What Millennials Want in a Home

The recently-released 2013 American Housing Survey (AHS) outlines important information about the next generation of home owners and their home buying habits. This group is comparatively young, with little to no accumulated wealth, and yet one out of every three households who moved in the last two years and bought a home were millennials.

 

Here are a few of the major findings that the survey revealed:

-3 out of 4 millennial home buyers were first-time buyers. In total they bought more than 2.6 million homes over the last two years

-The median age of a millennial home buyers is 28 years old, 46% of them are married, more than 26% have kids, and they report a median income of more than $60,500

-More than 2/3 of millennial buyers in the last two years bought single-family detached properties. However, they are more likely than older generations to buy a condominium

-The group has a tendency toward older, smaller, and less expensive homes. Half of these purchased homes averages less than 1,650 sq. ft. and cost less than $148,500.

-When ranking their reasons to buy, millinneals reported 1) to establish their own household, 2) needed larger unit, 3) to own

-While older generations chose homes based on size, millennials are more influenced by finances

-Millennials, compared to older generations, are more likely to take proximity to work and good schools into account when choosing which neighborhood to live in

-This group is more likely to use unconventional zero-down mortgages

 

To see the full report, provided by HousingEconomics.com, click here.