Market Watch - 25 June 2021

Since last week, New Listings increased, Properties Under Contract were flat while Pending and Sold properties decreased. This is the second week in a row that more houses came onto the market than left. The ratio has been upside down since 4 Dec. 2020 and appears to be flattening.

Meanwhile, all Lease indicators decreased because the market is dangerously low on lease properties. There are about a 1,000 lease houses in North Texas. Of those, 14 are priced at more than $10,000 or more per month.

The eviction and foreclosure moratoriums was to end on June 30 and was extended to July 31. A surge of evictions is possible between Aug 1 and 15. Hopefully, these activities will flatten and normalize the lease market while it provides some additional houses on the residential market.

Lumber futures appear to have peaked in May and have been on a sharp plunge - 41% from May to July - according to the National Association of REALTORS®. The consumer market hasn’t seen the relief from the change yet, but builders are getting busy again. Some new homes are starting to trickle into the market. If you’re looking to buy a new-build home in the $360K range for a 5-bed, 3-bath in Collin County, let’s talk.

If you’re ready to sell your house, the window is about to close for “unicorn” prices. Please call, text or email if you’re ready to sell now. I can get a show-ready house onto the market in one day.

I’ve Got Your Six!

Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com

#DFWmark #REALTOR #MarketWatch #HousingShortage #SellNow #SellersMarket #CorrectionStart #flattening #moratorium #evictions

Market Watch - 18 June 2021

Since last week, New Listings as well as Properties Pending and Sold have increased while Properties Under Contract decreased. Meanwhile, all Lease indicators increased.

Please see the trend chart (above). More houses came onto the market than left. This is the first week where the residential market has neared the correct proportions since 4 Dec. 2020.

The eviction and foreclosure moratoriums end on June 30. The expectation was for the market to flatten sometime after June 15, which may have started. This is most likely a result of pending evictions and buyers waiting for more inventory to hit an overheated market.  

While there have been evictions in Texas, a surge is still likely between July 1 and 15. Hopefully, this will flatten and normalize the lease market while it provides some additional houses on the residential market.

 
Homeowners facing foreclosure can extend up to six months to sell their property after July 1. If they have equity, they should take advantage of the remaining summer sales premiums. Those will probably end when school starts.

If you’re ready to sell your house, there’s a tiny window remaining for “unicorn” prices. Please call, text or email if you’re ready to sell now. I can get a show-ready house onto the market in one day.

I’ve Got Your Six!

Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com

#DFWmark #REALTOR #MarketWatch #HousingShortage #SellNow #SellersMarket #CorrectionStart #flattening #moratorium #evictions

Summer Fruit Tips

Summer starts this week, and many fruits are in season. This month’s Information Of Value (IOV) has some suggestions for how to select fruit at its peak.
Also, I’ve assembled all IOV posts into a convenient, no-cost book. All future IOV updates will be added to the book. You can view, bookmark, download or share it with friends from my Google Drive: LINK.

I’ve Got Your Six!

Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212 (call or text)
markhancockrealty@gmail.com

DFWmark.com


#DFWmark #REALTOR #summer #fruit #tips #InformationOfValue #vegetarian #vegan #NewBook #FreeBook

Market Watch - 11 June 2021

Since last week, New Listings and Properties Sold have decreased while Properties Under Contract and Pending both increased. Meanwhile, Lease Listings and Properties Leased both fell are Pending Leases increased.

Lease options remain extremely tight. There are currently 1,212 Active single-family lease listings in the entire North Texas area – remember that 752 were leased last week. Of all North Texas leases, 40 are priced at more than $5,000 per month.

Please call, text or email me NOW to sell or lease your property for top dollar before the eviction and foreclosure moratoriums end on June 30. Because I’m also an award-winning professional photographer and notary, I can have a show-ready house on the MLS and marketed to more than 1,000 brand-name websites in one day.

I’ve Got Your Six!
Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com

#DFWmark #REALTOR #MarketWatch #HousingShortage #SellNow #SellersMarket #LeaseShortage #HousingCrisis #landlord #LeaseListing

Information of Value Book

Since you enjoy the Information of Value (IOV) sheets that I create and post monthly, you’ve probably wanted them all in one place. I’ve Got Your Six!

I assembled and updated a book of all the IOVs that I’ve produced since March 2020. The book will be updated with each new IOV on my Google Drive. Because it’s a PDF file, it can be printed at home in full size without additional rasterization. Also, all the websites mentioned are hyperlinked in the PDF.

Bookmark this address: link.

When you need access to information such as what to do after severe weather hits or where to take visitors for fun in DFW, it’s all in one place at no cost to you!

I’ve Got Your Six!

Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build Certified
214-862-7212
DFWmark.com

#DFWmark #REALTOR #UsefulInfo #InformationOfValue #IOV #EmergencyInfo #safety #home #fun #Frisco

Market Watch - 5 June 2021

I’ve Got Your Six!

Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build Certified
214-862-7212
DFWmark.com

#DFWmark #REALTOR #MarketWatch #HousingShortage #MoreListings #MoreOptions #SellNow #SellersMarket #LeaseShortage #HousingCrisis