Stunning Model Home For Sale in Keller

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Posted on 26th July 2016 by Grand_Homes in Dallas Real Estate |For Sale |Keller |Model Home |Real Estate News |Texas

America's Best Builder, Best Homebuilder Dallas, DFW Real Estate, Energy Efficient, Energy Star, Grand Homes, Grand Homes Keller, grand homes texas, grandhomes.com, Housing Market, keller, New Homes Keller, Real Estate, Texas Real Estate

We are closing out our Silverleaf community in Keller, which means this is your last chance to get in. There are only 4 homes left, including the model home for sale.  This community features open common areas, a playground, and mature Oak trees. Active families will enjoy the athletic leagues for children and adults to join, plus there are a variety of family events to attend year round. If this community sounds ideal for you and your family then come visit us today, inventory is going fast!

Speaking of inventory, check out this gorgeous Model home that could be all yours!

  • Sq Ft apx: 5,463
  • Bedrooms: 4
  • Bathrooms: 3.5
  • Living Areas: 5
  • Dining Areas: 2
  • Garages: 3

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DFW Housing Market Outlook for 2014

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Posted on 3rd January 2014 by Grand_Homes in Dallas Real Estate

2014, DFW, DFW New Homes, Grand Homes, Housing Market, new homes, North Texas, Real Estate

Forecasters expect last year’s 100-mph housing market to ease off the gas in 2014.

But that doesn’t mean that home sales and prices will stall in North Texas or nationwide.

Most housing analysts anticipate a robust spring and summer home selling season — just not as frenetic as in 2013.

“What will be different this spring is there should be more inventory on the market,” said Jed Kolko, economist with Trulia Inc. “More inventory because prices have come up, so more people will be thinking about selling.

“Also, there is more construction than there was a year ago, so that adds more inventory,” Kolko said.

The rise in the number of homes available to buy and higher financing costs should temper the market, he said.

“We can all use some calm,” Kolko said. “It should be a more level housing market in the next year.

“Prices aren’t rising as fast as they were, and people aren’t as worried about another bubble.”

Last year brought unprecedented growth in the Dallas-Fort Worth housing market, erasing damage done during the recession.

Median home sales prices in North Texas were up by more than 10 percent, roughly double the long-term average rate of increase for the area.

The number of pre-owned homes sold jumped almost 20 percent.

With the surge in sales, inventory fell to a near-record low.

At the end of the year, there was less than a three-month supply in the Dallas area. That’s about half what is considered a normal market.

“I’d be surprised to see double-digit home price increases this year,” said Dr. James Gaines, an economist with the Real Estate Center at Texas A&M University. “I’m expecting more sellers to come forth and even up — at least to some extent — the disparity between supply and demand.

“Demand will still be strong, so prices will go up despite interest rates that slowly drift upward during the year,” Gaines said.

He said any real slowdown in housing demand probably won’t happen until the second half of 2014.

Ted Jones, an economist with Houston-based Stewart Title, said robust job growth in Texas ensures a strong housing market. But maybe not as dynamic as in 2013.

“Expect to see a 6 to 8 percent increase in total existing home sales in 2014, with median prices rising from 5 to 7 percent” statewide, Jones said. “Homeowners in Texas should be pleased with the value performance of what, for most individuals, is their largest store of wealth: their home.”

Dallas-Fort Worth is one of the few major markets in the country where home prices have surpassed where they were at the top of the market in 2007.

But home construction in North Texas is still nowhere close to where it was before the recession.

D-FW single-family home starts will rise again in 2014, but probably not as fast as in the previous year, said David Brown, who heads the Dallas office of Metrostudy Inc.

“Starts jumped over 20 percent in 2013, and I expect them to grow another 10 percent to 15 percent this year,” Brown said. “Higher new home prices and higher interest rates impacting affordability are one reason the growth rate will likely slow in the next year.”

And continuing constraints on builders — including lot supplies and labor shortages — will mean that new home inventories will remain tight in 2014, he said.

“I expect the market to be very strong this spring because total housing inventory is likely to be even lower than it was last spring,” Brown said. “When buyers start to look for homes, there will be even fewer choices than last year.

“This is likely to create the same competitive environment amongst buyers that existed in the market in the first half of 2013.”

Nationwide, single-family home starts are forecast to rise by 30 percent this year, pushing total home construction to the highest point since 2007, said David Crowe, chief economist with the National Association of Home Builders.

“The level of mortgage interest rates is not as significant as the availability of mortgages,” he said. “I foresee some slight easing in the eligibility rules.”

Article By: Steve Brown, Dallas Morning News

See full article here.

Housing Finally Contributing to GDP

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Posted on 1st November 2012 by Grand_Homes in Homebuyer Tips |Homeowner Tips |Real Estate News

Business, Grand Homes, Real Estate, Texas Economy, Texas Real Estate, U.S. Economy

Friday’s report on U.S. economic growth confirms two emerging trends about the long-ailing housing sector: It is finally delivering a lift to the economy, but it is not delivering anywhere near the kind of boost that it traditionally has during a period of economic expansion.

Housing has now contributed positively to the nation’s gross domestic product in six straight quarters, which hasn’t happened since the housing bubble burst in 2006.

Residential fixed investment accounted for 0.33 percentage point growth in GDP during the third quarter, up from 0.19 percentage point in the second quarter and 0.03 percentage point in the year-ago quarter, the Commerce Department said on Friday.

Housing contributes to the economy in two key ways: the direct contribution to growth through home construction and improvements, and real-estate broker commissions, which is captured in the “residential investment” figures reported by Commerce.

But it also shapes consumer spending, through the so-called “wealth effect” (people may spend more when their homes rise in value because they feel richer, just as they might when stocks rise). Homeowners can also tap into the equity of their homes by taking out a home equity mortgage or through cash-out refinancing. (more…)

Goldman Sachs Gives Housing Market “Attractive” Rating

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Posted on 9th August 2012 by Grand_Homes in Real Estate News

America's Best Builder, Business, Grand Homes, Housing Market, Real Estate, Texas Business, Texas Real Estate

U.S. homebuilders are an attractive investment as the housing market starts a “strong” recovery that may drive a surge in new-home sales, Goldman Sachs Group Inc. (GS) said in a report.

Housing has a “long list of positives,” including rising prices, job growth, supportive government policies and a decline in the so-called shadow inventory of homes, Goldman Sachs analysts Joshua Pollard and Anto Savarirajan wrote in a note to clients. They raised their rating on the homebuilding industry to attractive from neutral. (more…)

Housing Bust Over

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Posted on 13th July 2012 by Grand_Homes in Dallas Real Estate |Homebuyer Tips |Real Estate News

Grand Homes, Housing Market, Real Estate, U.S. Economy

The housing market has turned—at last.

The U.S. finally has moved beyond attention-grabbing predictions from housing “experts” that housing is bottoming. The numbers are now convincing.

Nearly seven years after the housing bubble burst, most indexes of house prices are bending up. “We finally saw some rising home prices,” S&P’s David Blitzer said a few weeks ago as he reported the first monthly increase in the slow-moving S&P/Case-Shiller house-price data after seven months of declines.

Nearly 10% more existing homes were sold in May than in the same month a year earlier, many purchased by investors who plan to rent them for now and sell them later, an important sign of an inflection point. In something of a surprise, the inventory of existing homes for sale has fallen close to the normal level of six months’ worth despite all the foreclosed homes that lenders own. The fraction of homes that are vacant is at its lowest level since 2006. (more…)

Kitchens Sell!

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Posted on 5th April 2012 by Grand_Homes in Dallas Real Estate |Homebuyer Tips |Homeowner Tips

Grand Homes, Home Selling Tips, Homeowner tips, Kitchens, Real Estate

The majority of people interested in buying a Grand Home (or any home) have one big hurdle to overcome before they can make that purchase – they have to sell their house!  And when the housing market is still favoring the buyer, that is a lot easier said than done.  But, all is not lost.  A recent article released by Realty Times suggests that if you focus some energy on making smart updates to your kitchen it could mean all the difference when it comes to realizing the sale of your home. 

Article By: Carla Hill, MA
Managing Editor, Realty Times

(more…)

Red Tag Home of the Week!

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Posted on 1st November 2011 by Grand_Homes in Dallas Real Estate |Homebuyer Tips

Grand Homes, Grand Homes Garland, Real Estate

This week we are featuring a Royal Palomar out of Kensington Gardens in Garland, TX!  The price on this gorgeous 4bed/3.5 bath house has been reduced to $289,980, and it is ready for a great family to make it a home.  (more…)

Mortgage Rates at Lowest Point Recorded

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Posted on 28th June 2010 by Grand Homes in Real Estate News

Dallas Real Estate, Freddie Mac, Mortgage, Mortgage Loans, Mortgage Rates, Real Estate


Mortgage rates fell this week to the lowest level on records dating to 1971, giving consumers added incentive to lock in low payments for home purchases and refinanced loans.

The average rate for 30-year fixed loans sank to 4.69 percent, from 4.75 percent last week, mortgage company Freddie Mac said Thursday.

That’s the lowest point since Freddie Mac began tracking rates in April 1971. The previous record of 4.71 percent was set in December. Rates for 15-year and five-year mortgages also hit lows.

Mortgage rates have fallen over the past two months as nervous investors have shifted money into the safety of Treasury bonds. The demand for Treasurys has caused Treasury yields to fall. And mortgage rates tend to track the yields on long-term Treasurys.

“As long as prospective homebuyers are still concerned about their jobs and financial well-being, many will be reluctant to take the plunge, even though affordability has never been better,” said Greg McBride, senior financial analyst with Bankrate.com.

Low rates throughout the economy also hurt one group of Americans: savers. Puny rates are especially hard on people living on fixed incomes who are earning next to nothing on their savings.

Lending activity remains sluggish. Mortgage application volume dipped 6 percent last week from a week earlier, according to the Mortgage Bankers Association. Refinancing activity fell 7 percent. And mortgage applications to buy homes slipped 1.2 percent.

Given the costs of refinancing, some mortgage experts say a refinancing can be worthwhile if you can shave at least 0.75 percentage point from an existing rate. Others suggest waiting until you can lower your rate by at least a point.

People considering refinancing should factor in such fees. They should also calculate how many months it would take to recover them. For those who expect to stay in their home for two years or less, the fees might outweigh the savings from a lower rate.

Rates on 15-year fixed-rate mortgages fell to an average of 4.13 percent. That was the lowest on records dating to September 1991. It was down from 4.2 percent a week earlier.

Rates on five-year adjustable-rate mortgages averaged 3.84 percent, down from 3.89 percent a week earlier. That was also the lowest on Freddie Mac’s records, which date back to January 2005 for such loans.

Average rates on one-year adjustable-rate mortgages fell to 3.77 percent from 3.82 percent. That was the lowest average since May 2004.

The nationwide fee for loans in Freddie Mac’s survey averaged 0.7 a point for 30-year, 5-year and 1-year loans. The average fee for 15-year loans was 0.6 of a point.

Read Full Story by Mary Beth/Dallas Texas Real Estate

Dallas is the Fastest Growing U.S. City

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Posted on 23rd June 2010 by Grand Homes in Dallas Real Estate |Real Estate News

Census, Dallas, Dallas Real Estate, Real Estate

The booming Dallas-Fort Worth metropolitan area added more residents during the past decade than any other city in the United States.

According to the latest Census Bureau figures, the population of the sprawling Texas metro area grew by about 1.3 million people, or 25%, between April 1, 2000, and July 1, 2009.

The population is now estimated at 6.5 million residents, but an exact count won’t be available until the 2010 census is complete.

The Palm Coast metro area in Florida had the highest percentage increase in growth. Its population exploded by 84% over the nine-years-plus covered by the Census Bureau report. But even after the jump there were only about 92,000 people living in the area.

Dallas’s attractions include a very favorable business climate, according to Mayor Tom Leppert. There’s no corporate income tax, building costs are relatively reasonable and regulations are minimal.

“It’s a great place to do business,” he said, “especially attractive for companies from high-tax states.”

Helping to drive growth is the area’s main airport, Dallas/Fort Worth International, the third busiest in the nation. Its location is far enough south to ensure good weather yet central enough to make it easy to fly to the Northeast, the Midwest and the Pacific Coast. It is also well positioned for air traffic with Latin American markets.

“Dallas has no port,” said Leppert. “The airport became a 21st century port.”

What it has lacked in the past — a vibrant downtown — is starting to develop. Recent additions include a huge new arts center, urban park, light rail system and new housing. These have bolstered the city’s density and made downtown more interesting and fun.

Fastest growing counties in the United States
That said, the metro area’s suburbs are booming as well, according to Leppert. Indeed Rockwall County, northeast of Dallas, is one of the 10 fastest growing counties in the nation.

See full article from money.cnn.com

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