Monday, August 23, 2021

Market Watch - 20 Aug. 2021


Since last week, locating available housing is challenging for sale and lease. New Listings, Properties Under Contract and Sold all decreased with an increase in Pending Properties. However, Sold properties are below Listed, so the inverted market is flattening some.

It’s still a strong seller’s market due to limited supply of both lease and preowned properties. Overall preowned sale prices are flattening, but some submarkets are still strong and sell at high percentages over asking.


The Lease Market saw declines in Listings and Pending with an increase in Properties Leased as the “new” eviction mandate remains in place.

The lease market remains inverted with more houses leaving the market than entering. The low Leased number is most likely a result of limited inventory rather than decreased demand.

UPDATE:
U.S. Supreme Court ends CDC eviction moratorium.

Call, text or email when you’re ready for help when you sell or buy a residential property in this complex market.

I’ve Got Your Six!

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


#DFWmark #REALTOR #MarketWatch #SellersMarket #SellNow #LeaseMoratorium #LeaseShortage #moratorium #InventoryShortage #StrongDemand

Monday, August 16, 2021

House Care and Maintenance

Whether owned or leased, all houses require regular maintenance. Regular cleaning and treatments keep the systems running and encourage a healthy environment inside the structure. Here are some tips to get the most out of your home.

Manuals and remote controls are often in the kitchen drawer after closing at new or many preowned homes. Remote controls open and close garage doors. Garage doors can often be programmed into cars or operate via WiFi with smartphones. Get the external keypad code and change the code quickly.

Spare bricks that match the exact lot of exterior bricks for the house may be in the garage. Keep these to repair any future damage with matching bricks. Similarly, there may be flooring, tiles and other samples in the attic to provide matching materials for minor repairs. When you need professional help, I've Got Your Six with an ever-changing list of local, qualified pro vendors at dfwreferral.blogspot.com

Cleaning
Manufacturers have deemed certain products acceptable for use in a new house without voiding the various warranties. New home buyers get a document in the files titled “Countertop Care & Maintenance” (or something similar), which lists many products that can and can’t be used and helpful tips.

Sweep and vacuum luxury vinyl floors (lux) as needed. Wet mop weekly with a water and distilled vinegar mixture or the classic Mr. Clean product.

Place doormats inside each outside entrance. This allows most dirt to be trapped at the doors and saves additional abrasion on the main floors.

Put pads under chair, couch and table legs. Rubber pads or rubber-bottomed area rugs are suggested under furniture to keep them from sliding on lux vinyl floors.

In glass shower enclosures, it’s best to clean the glass and apply Rain-X or a similar glass treatment to help the glass shed water. Additionally, use a shower squeegee to remove standing beads of water after each shower. Texas hard water can leave spots and other mineral buildup like lime. The combination of glass protection and regular squeegee use will make a clear difference.

Most carpets are treated to repel spills. However, spills must be addressed immediately. Wet a cloth with clean water and apply it to the spill. It should wick up the spill. If spills are more stubborn or have been there a while, consider using Resolve carpet cleaner on the specific spill.

Whenever it’s time to deep clean carpets, only use water-based steam cleaning. Never shampoo the carpet because the chemicals stay in the carpet and attract additional dirt.

Stone Countertops
For stone counters, look for specific stone or other “multi-surface” products. Avoid anything that uses an acid base because it damages countertops and sealers.

We use “Granite & Stone Daily Wipes” from Weiman on our counters. It’s available at most home improvement stores and online. It is good for sealed quartz, granite and marble.

Often, kitchen countertops are made of granite. Although much more durable than Formica, don’t place hot pots and pans directly onto the granite from the heat source. Instead, use hot pads or trivets to protect the granite surface. To prolong the stone surface quality, use cutting boards rather than cutting directly on the counter.

Stone countertops need to be resealed at least annually. Get the materials at most home improvement stores or online for about $20. It’s a fairly simple process. Here’s a short video that shows how to reseal countertops: www.youtube.com/watch/NDrKudzK0WI

Caulk and Cracks
Due to Texas’ expansive soil and weather, cracks and movement are inevitable. Homeowners need to monitor the interior for cracks. As interior humidity levels change and stabilize, hairline cracks appear due to shrinkage at the joints. Most shrinkage should happen within the first year.

Caulk is used to blend interior joints within the house. Joints lose moisture, settle and get hairline cracks. Expect to recaulk in about five years. Traditional latex caulk (called ALEX caulk when manufactured by DAP) is useful for interior repairs. For hairline cracks, hand rub some latex caulk into the crack until smooth and unnoticeable. Allow to dry overnight. Paint the next day. These are not warranty issues for new homes because shrinkage is expected.

Backsplash and tile intersections with the counters eventually need to be recaulked due to shrinkage. It will also happen in all the bathrooms because the caulk dries and shrinks over time. Use silicon caulk around showers and tubs.

There are cracks in the concrete under the flooring. This is normal. They may also appear in the sidewalk and driveway, which are separate from the foundation.

If a crack gets wide enough that a nickel edge fits in it, it’s a problem. It’s also a foundation warranty item for the first 10 years.

To learn more about the foundation, please read the Construction 101: Foundation entry on Page 75.

A diagonal crack from the door frame indicates a structural problem. Similarly, if more than one door no longer shuts properly it could indicate a structural problem. These issues need to be addressed by the builder or assessed by an engineer if it's in a preowned home. Most builders have a 10 year warranty for structural issues.

Moisture
Condensation is no longer an issue with modern windows due to the way they are manufactured and insulated. However, residentss still want to keep humidity down inside the house to help with condensation anywhere within the house that might have temperature differences. Optimal relative humidity is 30-50% indoors to feel comfortable and minimize mold growth.

To keep moisture to a minimum, run the exhaust fans located in the bathrooms and laundry while those rooms are in use with flowing water. Also, use the kitchen exhaust fan while cooking any foods that evaporate on the stove top.

Lights
Most modern houses have LED (light emitting diode) lights rated at the equivalency of 60-watt traditional bulbs. However, sometimes recessed lights include a trim as part of the bulb. When those lights need to be replaced, residentss must replace the light and attached trim with a similar bulb/trim.

I personally suggest light bulbs that are colored as 5,000 K lights (light temperature/color is measured in Kelvin degrees). These are considered “natural daylight.” The short reason is that all photos will be the correct color in the house.

Also, residents will have more energy, be able to see better and will be able to tell the difference between navy blue and black. If residents need an area to nap, to relax or unwind, choose low-power 3,200 K lights (orange-color tungsten) for those areas. To learn more technical issues about light colors and balancing the light, please read my PhotoJournalism blog post about balancing light (link).

HVAC
The HVAC (heating, ventilation and air conditioning) system filter needs to be changed. It's often in the attic but can be in a ceiling or wall. The filter must be properly replaced to ensure the warranty is valid. The recommendation is to change it monthly. However, if it’s relatively clean it can be used a little longer. Many have one filter with 20x25x1 dimensions. Newer luxury homes have 4-inch and 5-inch filters that need to be replaced with each season.

Write the change date on the filter itself to help determine if it’s time to change the filter. Even if it isn't changed monthly, please check it monthly to ensure it’s still filtering properly and not clogged.

The Air Conditioning system creates condensation. This condensation runs down a tube and into your household plumbing - typically under a bathroom sink. Deposits and germs can build up in this tube due to the moist, warm environment.

Residentss need to pour a cup of household bleach down the tube each month that the air conditioner is in use. The tube is typically a white PVC (plastic) pipe located near the AC unit in the attic. There is probably a plastic cap on the pipe that is easily removed to add bleach. Some folks leave a funnel in the attic for this.

Appliances
It is the new homeowner’s job to secure a warranty through the manufacturer for the household appliances. This is most easily done through their smartphone applications. Home warranty policies most often also cover common appliances.

The dishwasher controls can be hidden on the top of the door. It will have a countdown clock before it starts. If someone needs to open the door while it’s running, open it slightly to get the washer to turn off without spraying water everywhere. Once it stops, it will start pumping water out. At this point, open the door an extra amount to access the controls.

Newer ovens are WiFi enabled for preheating convenience, to monitor the temperature and other variables. These ovens also have touchscreens with variable settings.

The vent built into a microwave over the cooktop can have a four-speed fan. In newer quality homes, it exhausts outside to reduce smell and help control humidity inside the house. It may recirculate or vent into a cabinet in preowned homes. The sink disposal may be controlled by a button on the top of the island. There can be a master power switch to the disposal inside the cabinet under the sink. If it is switched off, the disposal won’t work.

If something gets lodged in the disposal, it will stop and trip its internal breaker. Turn off the power switch to the disposal.

There should be an sturdy Allen wrench or hexagonal “key” provided to solve most of these situations. Insert the key into the hole in the bottom of the disposal. Rotate the key back and forth until the disposal plate moves freely again.

Once it moves freely, ensure whatever was lodged in the disposal unit has been completely removed. Then, press the reset button on the bottom of the disposal and turn on the power switch. The unit should work properly at this point.

Always use cold water while the disposal is operating. Please know the disposal is meant for “soft” items. It was not designed to eliminate bones or extremely fibrous vegetation. For instance, large amounts of (formerly dried) beans should not go into the disposal unit - I learned this the hard way and had to replace mine.

Exterior
If the house has an adequate irrigation system, the house doesn’t need to run soaker hoses around the foundation. However, the sprinkler system must be used to properly maintain the foundation – especially during the dry months.

Roof gutters help prevent water damage to the foundation by ensuring water is distributed away from the house. However, the gutters need to be kept clear and clean and drainage from the downspouts needs to be clear.

Homeowners don’t want standing water or dry conditions near the foundation because they’ll cause foundation damage. Residents may want combination locks for outside gates and the exterior breaker of the A/C unit. This prevents pranksters and others from cutting the A/C.

It’s ideal to apply a sealant to the fence for protection from water and to extend the life of the wood. A new coat should be applied each six months, but at least once per year should suffice. When it’s time for a new fence, most folks must negotiate costs with neighbors who share fences.

Before installing a gate in a fence to access a public area, check with the HOA. Even if other homes in the neighborhood install these gates in shared community walls, check with the HOA to ensure it is acceptable in this specific circumstance.

The exterior faucet should have a frost-proof hose bib. However, it’s important to disconnect hoses from the faucet before a freeze. It’s also helpful to cover the faucets with insulated hard-plastic faucet covers to ensure the faucet doesn’t freeze.

In about five years, the exterior caulk will degrade to the point that the windows and expansion joints will need to be recaulked. Use exterior silicone caulk because it has more flexibility than traditional latex caulk.

Lawn and Sprinklers
Level the lawn to keep moisture levels constant throughout the yard. Swails (lowered trenches between the houses) are designed to allow water to drain away from the house and protect the foundation. They are designed to drain to both the front and back. Do not fill or block the swails.

If sprinklers were installed by professional installers, a house should have about 10 zones. The one-year warranty period on the system starts when the system was installed – not when the house closes. Note the specific date the warranty will expire. It is often only a few months after the closing date.

In addition to regular water, fertilize a Bermuda grass yard with 15-5-10 fertilizer twice in the spring and once each fall. Landscaping grass, trees and shrubs are not covered under the manufacturer’s warranty if they die. To get a free demonstration of how to use a house's sprinkler system, call the installer. You can also visit www.watermyyard.org for money-saving watering tips and system tutorials.

It’s my honor to help you find a beautiful new home. I’m always a call, text or email away. I wish you many years of happiness and joy in your new home!
I’ve Got Your Six!

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

Friday, August 13, 2021

Market Watch - 13 Aug. 2021


Since last week, residential housing had setbacks. New Listings and Properties Under Contract were flat while Pending and Sold Properties decreased. There are slightly more new listings than sold, so it’s a minor improvement.
 
The Lease Market saw declines in new listings and properties leased since many districts started new school years and the CDC stepped in to regulate the lease market mechanisms last week.

The CDC Eviction Moratorium expired on July 31, 2021. Congress didn't impose a new moratorium.

The expectation was that more houses would enter the market after the moratorium expired. Landlords could liquidate those houses relatively quickly and extract appreciation from the properties. After months of tenants living in those properties without paying rent and most likely unwilling to perform regular maintenance, it is feasible those properties would need repairs to become market ready. Most were expected to hit the market starting on Aug. 15 after evictions and repairs.

However, the CDC issued a "new" moratorium on Aug 3. They stated it is not an extension of the previous moratorium that the Supreme Court ruled against. Instead, this is a "new moratorium" that only affects "Areas of Substantial and High Transmission" of COVID-19 - which is about 90 percent of the USA. Unless overturned or extended, the “new moratorium” is set to expire Oct. 3, 2021.


Alabama and Georgia associations of REALTORS were joined by the national association in lawsuits to stop this action.

The Lease Market had a sharp increase after the previous eviction moratorium ended. However, it was followed by a significant drop after the “new moratorium” was ordered. With a shortage of lease homes available, those potential tenants must work harder to find housing in both the lease and preowned markets.



Since the “new moratorium” was implemented, listing volume has been on a slow but steady decline. Sold properties had a spike as school began across much of the DFW Metroplex. It has since decreased below the volume of July 30.



The volume of Price Decreases had a sharp turn after the new moratorium was announced. It’s the first drop since the moratorium delay from June to July but a much higher volume as sellers understood an influx of former lease houses to the market is unlikely soon.


Months Of Supply measures demand. The Months Of Supply was at historic lows in March. The historic high point for lumber futures was in May. Unemployment stopped paying additional supplements at the end of June and unemployment numbers dropped in July. Simultaneously, many states began to roll back pandemic protocols during these months as vaccination rates climbed.

The result is that employees went back to work as the costs of building materials declined. Subsequently, new housing starts increased as builders purchased materials at bulk prices and worked on demand backlogs.

The new construction homes have affected the Months Supply of Inventory numbers while preowned listings remain relatively flat near historic lows.

The “Fourth Wave” of COVID-19 Delta and Lambda variations has put a strain on area hospitals and created a rollback to some pandemic restrictions in urban centers. These actions are new this week and are likely to affect sellers who are concerned about the disease transmission.

At this point, it’s still a strong seller’s market for preowned houses with limited supply of both lease and preowned properties. Buyers with the help of REALTORS can find more new construction homes in outlying areas of the Metroplex.

I have a variety of options for sellers who want to buy before they sell and might need a small repair budget to maximize their selling price and/or speed of sale. I also know where new construction homes are available in North Texas.

Call, text or email when you’re ready for me to help you sell or buy a residential property in this complex market.

I’ve Got Your Six!

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

#DFWmark #REALTOR #MarketWatch #SellersMarket #NewMoratorium #PriceStability #FlatMarket #LeaseShortage #moratoriums #NewConstruction

Thursday, August 12, 2021

Testimonial - Plano

It was my honor to help you find your ideal home during this unprecedented lease market! Thanks for your cooperation and support through the process!

“Mark gets 5* in all categories! Extremely friendly and easy to communicate with.

Mark’s slogan is the most accurate thing ever. He had our six the whole time and checked up on everything possible for us. Extremely helpful, friendly, professional and a total pro.”

- Jocelyn, in Plano


I’ve Got Your Six!

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


#DFWmark #REALTOR #RealSatisfied #Plano #PlanoISD #CollinCounty #review #testimonial #lease #rent

Friday, August 6, 2021

Market Watch - 6 Aug. 2021

A new eviction moratorium was issued by the CDC on Aug. 3 in response to the "fourth wave" of Covid-19 Delta/Lambda variants. The Supreme Court already overturned the previous eviction moratorium, but didn't halt it. It expired on July 31.
Congress refused to place a new moratorium as requested. The CDC then issued a "new" moratorium that only applies to areas with heightened infection rates, which is about 90 percent of the United States. The center stated this was a "new" moratorium rather than an extension of the old moratorium that the SCOTUS ruled unlawful.
The National Association of REALTORS joined with state affiliations to challenge the CDC moratorium. Until those cases are settled at the Supreme Court, Covid cases go into sharp decline, or Oct. 31 - whichever happens first - the moratorium will stay in place.

I’ve Got Your Six!

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


#DFWmark #REALTOR #MarketWatch #SellersMarket #MarketCorrection #MarketShift #Flattening #LeaseShortage #moratoriums

Friday, July 30, 2021

Testimonial - Frisco

I'm profoundly honored that you chose me to help with your journey. You selected a great community and knew exactly what you wanted. You made brilliant decisions to get the best house available at a great price in this market.

Thanks again for your trust in me to help you find and secure your new home. Congratulations again, and Welcome Home!

   "Mark is highly professional, very responsive, walk the extra mile to serve customer. Definitely will recommend Mark H to everyone!

   Best agent you can expect in all aspects.

   We had very specific requirements on the house down to a very narrow area. Not easy to find. Yet Mark Hancock with his high professionalism, profound understanding of the area, and dedication, managed to find a suitable one (at reasonable price as well). Highly appreciated!"
Albert Lu, Frisco

I’ve Got Your Six!

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

#DFWmark #REALTOR #RealSatisfied #Frisco #FriscoISD #DentonCounty #TheTrails #review #testimonial #LandstarHomes #preowned

Market Watch - 30 July 2021

I’ve Got Your Six!

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


#DFWmark #REALTOR #MarketWatch #SellersMarket #MarketCorrection #MarketShift #Flattening #LeaseShortage #moratoriums

Tuesday, July 27, 2021

Testimonial - Frisco

I'm honored and happy that you chose me to help with your journey. You selected an amazing community and house. You knew exactly where and what you wanted, and your offers were brilliant in this very difficult market!

I'm so thankful for your trust and look forward to helping you however I can in the future. Congratulations again, and welcome home!

"I met Mark during an Open House visit back in May 2020 and left my contact information. Then I received emails providing information on how to take care of your house from time to time. It is really helpful when you face extreme cold weather and be prepared.

We decided to buy a house May 2021 and Mark was the first person I could think of to contact. It was Sunday and he responded immediately. In Sweden, you normally have to wait to Monday to receive a response. During our 2-month seeking for house, we made 3 offers and every time it meant lots of documents preparation and signatures. Mark worked so hard, sometimes from late night into the early morning trying to get the deal done.

Finally we bought our house involving Mark’s great efforts on a weekend visit. Yesterday we received the key, and it was the same day we landed in USA 2 years ago. We see professionalism, responsibility, customer-focus, work to last mile, etc. in Mark that make us trust. We are so grateful that we meet Mark and it’s meant."
Tao Wen

I’ve Got Your Six!

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

#DFWmark #REALTOR #Frisco #TheTrails #FriscoISD #WakelandHigh #DentonCounty #review #testimonial #LandstarHomes

Friday, July 23, 2021

Market Watch - 23 July 2021

I’ve Got Your Six!

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


#DFWmark #REALTOR #MarketWatch #SellersMarket #MarketCorrection #MarketShift #Flattening #LeaseShortage #moratoriums

Saturday, July 17, 2021

Market Watch - 16 July 2021


Since last week, the residential housing market rebounded while leases slid. All categories increased in the preowned residential market. With more New Listings than any other category, the market may finally be correcting.

The Lease market lost ground again on New Listings while even more houses were removed from the market as Leased or Pending.

The weekly volume of price decreases may indicate a flattening of the unprecedented market. If properties are priced right, they sell – most often above list price in 2021. As the market prices increase, so do listing prices. Consequently, there’s a little seller optimism baked into the listing price.

If houses aren’t priced right, they don’t sell and get adjusted to a lower price over time. After a low of 184 adjustments on 19 Feb. 2021, the volume of price decreases leveled out around 500-600 per week. Since 18 June 2021, the volume of price decreases has been more than 1,000 weekly – more than twice the volume of recent months.

The foreclosure and eviction moratoriums were set to expire on June 30 before it got extended to July 31. The Supreme Court effectively barred an additional extension of the moratorium, so the market may finally get an opportunity to correct. This delay is evident on the graph as a flat line from the middle of June through early July.
It’s time to sell underperforming or oversized properties. I can help get it sold quickly and smoothly. Please call, text or email.

I’ve Got Your Six!

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


#DFWmark #REALTOR #MarketWatch #SellersMarket #MarketCorrection #PriceDecreases #MarketShift #Flattening #LeaseShortage #moratoriums

Friday, July 16, 2021

Which Screw To Use?


The goal of a screw is to pull two materials together and fasten them in place using compression. Screws can be removed later with minimal damage compared to glue, rivets or welding. Screws also allow wood to expand and contract with humidity.

  Screws are harder and more rigid than most nails. They are resistant to “draw out” or being pulled out of a material. The head presses down while the threads pull upward. Screws can be shorter than nails for equal structural integrity. Screws are more accurate and easier to install in volume than before and have become more important in various construction projects since the 1970s.

Components of a screw
 
 Head: the top of the screw. It determines where the screw will stop moving forward into the construction material. There are two components: shape and drive type.
  Shank: the main body of the screw.
  Threads: wrap around the shank and move the screw forward. Screws can be partially threaded or fully threaded.
  Tip: pointed tips to go into wood or metal, self-drilling tips have a split or bit tip, machine screws are squared off with no point.


Head types

  Flat head: has a flat top to be flush with the material surface.
  Pan head or “raised head”: sit on top of the material. Used when affixing metal or plastic to other materials. Includes truss, round, hex, button, capped and integrated washer.
  Trim head: very small diameter head used for finishing work with lighter materials.

Shank

  The diameter of a screw is indicated by a number such as #00, #6 or #10. This number is the first number on the box. It is often followed by thread count (pitch angle) and length.
  The screw gauge is a measurement of the outside thread diameter on the shank. It is an industry agreed upon scale rather than tied to any specific measurement system (metric or imperial).
  A flat head screw length is measured from the top of the head to the tip for countersink purposes. All other screws are measured from the bottom of the head to the tip.


A variety of screws include (from left to right) 
zinc electroplated slotted machine , carbon steel
flat head machine screw, Galvanized hex head
lag screw/bolt, and bugle head drywall screw.
Types of thread

  Threads are normally 24 or 32 per inch. This is important when working with machine screws that may need a matching nut. Some screws are simply labeled as coarse or fine thread. Fine threads are for hardwoods and coarse threads are for softwoods and materials (sheetrock).

  High thread count machine screws have more surface area than low thread count screws. While they take longer to install and remove, they hold better for the same depth. 

Tips

  Square: designed to be used with tapped (threaded) holes or with a nut. These are machine screws.
  Pointed: pierces the material to start.
  Self-starting: is cut or shaped like a drill bit to be self-tapping. Depending on the style and hardness, they can drill through an existing metal screw to repair a previous mistake.

Types of screws

  The materials being held together often dictates the best kind of screw for the job. Meanwhile the screw composition is determined by the environment. The driver style can be a preference but can come with added expense.

  Wood: mostly flathead with a semi-threaded shank and pointed tip. Most are Phillips head in the U.S.
  Drywall: flathead with bugle shape head bottom to avoid tearing drywall paper. They have a fully threaded shank and pointed tip. They are good for rough work. These are inexpensive and have a coarse thread to go into most material quickly and easily. They have thinner shanks than wood screws. They are typically coated in black paint. They are brittle and meant for soft woods. They are not structural because they break and corrode easily.
  Multi-purpose (production): made with hardened steel. They have a flat head with a beveled head bottom. They also have a self-drilling point, are semi-threaded and have recessed specialized driver style. Often eliminates the need for pilot holes. These cost more but save time and frustration.
  Deck: flathead with bugle shape head bottom. They have a fully threaded shank and pointed tip. They have a corrosion resistant coating.
  Pocket: pan head with a semi-shank and self-drilling tip. These are designed to go into recessed areas and avoid splitting wood (fine furniture).
  Machine: pan or flat head with fully threaded shank and no point. They are designed to go into tapped (threaded) or predrilled holes with a nut. Sold in threads per inch.
  Sheet metal: tiny screws with a pan head, fully threaded shank and sharp point intended to pierce metal.
  Masonry (cement): These require a pilot hole but can bite into concrete to pull materials tight. They are necessarily hardened, and a drill driver will break them off at moderate to high torque.
  Lag screw/bolt: robust screws intended to connect heavy lumber to other materials and bear an intense load. Lag screws require a drilled hole and only have hex heads to apply enough torque.
  Carriage bolt: used to fasten metal to wood or metal to metal. It has a shallow, mushroom top with a square section on the bottom of the head before the shank to make the bolt self-locking when seated into a squared recess. Often used to affix iron plates to wooden beams or to bare timber itself.

Screw Composition

  In addition to purpose and strength, the environment around the screw determines the best screw choice. Is the screw structural? Must it bear a heavy load? Will it be in salt water?

  Carbon steel: most common.
  Stainless steel: designed to avoid corrosion. Best for use near water – especially salt water. Very expensive and not as strong as deck screws.
  Zinc plated: most used fastener material (machine screws and bolts).
  Galvanized: alloyed steel coated to resist regular water corrosion.
  Brass: does not rust, but it will corrode or tarnish if not protected with lacquer. It has no magnetism.
However, they rust as easily as steel or drywall screws when exposed to water.
  Ceramic coating: exterior grade and is the second best to stainless steel for corrosion resistance.
  Silicon bronze: for saltwater applications. No magnetism.
  Titanium: have high strength-to-weight ratios and corrosion resistance. Titanium metal exhibits higher tensile strength at increased temperatures than many other materials. Mostly used in aerospace, military and commercial maritime applications due to expense.
  Grade A (yellow electroplated zinc): like drywall screws but treated to resist the chemicals used in lumber products.
  Exterior rated: resist caustic and corrosive chemicals used in pressure-treated lumber production.

Driver Styles (heads)

  Slotted: the original, single slot screw turned by a flathead screwdriver. Be careful with torque because these are designed to strip to prevent overtightening.
  Phillips: became popular in the 1930s and are an improvement from the slotted screw head. These are intended to use less torque to possibly be removed at some point. They are also designed to “cam-out” (slip the tool out of head slots) to prevent overtightening.
  Star Drive (Torx): uses a recessed 6-pointed asterisk shape driver head. It is the preferred driver by most serious craftworkers. It ensures the driver stays connected without “cam-out.” Additionally, this style accommodates high torque. First used in an Apple computer to prevent average person from opening the machine.
  Hex: same diameter and similar to star drive. The contact with the screw is at a greater radius, which allows more torque for the same force. However, some of the force is applied outward, which can damage both the tool and the screw.
  Square Recess also called Robertson Screws: more common in Canada. Was an improvement over Phillips heads but not as good as star drives and has lost popularity in construction. This style of screw saved Ford about two hours of production time on each Model-T.
  Other specialty heads include: Trimmit, Frearson, Pozidriv, Clutch, Hex, 12 Point, Hex Socket, Spanner, One Way, and Spline Socket.

Additional items

  Washers: A washer is placed around a screw shaft between the material and the screw head or nut. The main purpose of washers is to increase the surface area of downward pressure or distribute the load over a larger area. The various kinds of washers include flat, fender, finishing, split lock, external tooth lock, internal tooth lock, square, dock and ogee.
  Nuts: Nuts are most associated with machine screws and bolts. The nut applies compression pressure to the tip end of a screw or bolt shaft. They are precisely tapped pieces of metal that are designed to tighten onto a screw or bolt. They can allow the shaft to pass through or be capped to limit or cover the shaft.
  Types of nuts include wing, cap, acorn, hex, heavy hex, nylon insert lock, jam, nylon insert jam lock, flange, tee, square, prevailing torque lock, coupling, slotted, castle, and K-Lock or Kep.

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

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Friday, July 9, 2021

Market Watch - 9 July 2021


Since last week, the housing markets lost much steam. All categories decreased in the residential market. The Lease market was flat with significantly fewer Leased Properties. A total of three more lease properties came onto the market than left in the last seven days. There simply aren’t enough quality leases remaining for an area with 6.4 million people.

According to Macrotrends, DFW’s population grew by an estimated 96,000 since 2020. It’s a 1.52% increase since last year or an average of 8,000 new residents per month.
After hitting record highs in May, lumber futures had a record-smashing dive in June – down 40% in one month. This still hasn’t hit the retail market but has started to appear as builder activity. Meanwhile, the national unemployment rate dropped to 5.9% in July 2021 from 10.2% in July 2020.

The expectation is that lumber and other building materials will become more reasonably priced and abundant as laborers return to work. This shift may manifest as more new home construction.

According to TAMU Real Estate Research Center, 4,515 new home starts were recorded for DFW in April – the most recent report.

All this information means it’s time to sell underperforming or oversized properties. I can help get it sold quickly and smoothly. I also know of available new homes that don’t require “best and highest” bidding. Please call, text or email.

I’ve Got Your Six!

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


#DFWmark #REALTOR #MarketWatch #SellersMarket #LumberCorrection #FlatLeaseMarket #PopulationGrowth #BackToWork #ConstructionStarts #HomeStarts

Tuesday, July 6, 2021

Testimonial - Celina

I'm deeply honored that you chose me to help with your journey. You selected a great builder, a great community, the perfect first home and handled it all flawlessly!
I'm also thankful for the trust you placed in me to find a home for your friends who are now only minutes away from you and the friends that are yet to come. Congratulations again, and welcome home!

"Words can’t even begin to define how happy I am with the performance of Mark in my first home buying experience. Buying a first home is not easy and even less easy when it is done virtually. Mark spent countless hours on the phone with me explaining the market to me and elaborating on important key terminology I was not familiar with. Mark went to various communities virtually to show me around. Every time I spoke to Mark, it felt like I was his number one priority. His main goal was to make sure I was happy and loved the home I would be moving into. Mark walked me through the entire process, updating me on critical dates and sometimes being a listening ear when stress got the best of me. There is no other realtor I would want to be a part of my first home buying experience. I have already referred a friend to Mark and will continue referring all those who want to come to the Dallas market.
#bestrealtorever"
Kasia, Celina

I’ve Got Your Six!

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

#DFWmark #REALTOR #RealSatisfied #Celina #CollinCounty #review #testimonial #NewBuild #HighlandHomes #FirstTimeBuyer

Monday, July 5, 2021

Market Watch - 2 July 2021


Since last week, the markets moved back to inverted territory. New Listings decreased. Pending Properties were flat while Sold and Under Contract properties increased.

The Lease market made some gains with a modest amount of New Listings while Pending dropped significantly and Leased Properties outpaced all gains. The net effect is still fewer lease houses available.

When The White House announced an additional month for the eviction and foreclosure moratoriums, it threw the market back into inverted status. While not stopping the moratorium, the Supreme Court effectively blocked another extension.

Anecdotally, speculative construction has started in parts of the Metroplex. Extra stimulus money was removed from unemployment benefits, which helped reduce unemployment numbers. Meanwhile, lumber and other building materials have become more readily available for builders. If you want a reasonably priced, new-built home, please call, text or email me. 

According to Markets in a Minute, “The FHFA reported a monthly home price increase of 1.8% and year-over-year growth of 15.7% for April. Both Figures broke previous records.” They also stated that mortgage applications have dropped as inventory remains tight.

I’ve Got Your Six!

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


#DFWmark #REALTOR #MarketWatch #HousingShortage #MoratoriumExtended #InvertedMarket #UnemploymentEnds #BackToWork #ConstructionStarts #LumberAvailable

Sunday, June 27, 2021

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

Saturday, June 19, 2021

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

Wednesday, June 16, 2021

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

Friday, June 11, 2021

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

Monday, June 7, 2021

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

Welcome to the DFWmark Blog!

Welcome to the DFWmark Blog! This is a collection of content by Mark M. Hancock, a REALTOR with Keller Williams North County in Celina...