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All Things Real Estate

Seay Group is keeping you informed with our weekly blogs, filled with contributions from our agents on local news, business updates, decorating trends, and so much more!  

Looking for a specific topic in real estate, or information on North Texas?  Just search your term below to find articles that can give you answers.

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Bidding Wars
Buyers

Three Ways to Win in a Bidding War

With so few houses for sale today and low mortgage rates driving buyer activity, bidding wars are becoming more common. Multiple-offer scenarios are heating up, so it’s important to get pre-approved before you start your search. This way, you can put your best foot forward – quickly and efficiently – if you’re planning to buy a home this season. Javier Vivas, Director of Economic Research at realtor.com, explains: “COVID-19 has accelerated earlier

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Homebuyers
Homebuyers

Homebuyer Traffic Is on the Rise

One of the biggest surprises of 2020 is the resilience of the residential real estate market. Lawrence Yun, Chief Economist of the National Association of Realtors (NAR), is now forecasting that more homes will sell this year than last year.

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Outdoors

20 Ways to Enhance Your Curb Appeal | Volume 4

Bright Entry Try painting your front door for an inexpensive update that really packs a punch. Bright colors like the turquoise shade are an easy way to give your home a fun, fresh look. Fun-Flare Siding Turn heads with an out-of-the-box. A natural wood siding pops against the rest of an exterior while also providing tons of texture that makes it fun to look

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Home

Real Estate Recovering

NATIONAL MARKET UPDATE April’s Pending Home Sales index of signed contracts on existing homes fell 21.8%, but the National Association of Realtors chief economist expects this will be the lowest point for contracts, and May the lowest for closed sales. Zillow agrees. They report in the week ending May 10, newly pending sales nationwide were up almost 50% from the same period in April, plus, new for-sale listings were up 12.5%

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purple and blue flowers

20 Ways to Enhance Your Curb Appeal | Volume 3

  Container Garden Goodness No space for a flower bed? No problem! Liven up your home’s curb appeal with a colorful container garden. A container garden allows for an easy swap of vegetation whenever you choose. Eye-Catching Shutters Take a cue from your surroundings when choosing a color for your shutters. Lush greenery shrubs blend seamlessly with this home’s matching green shutters and natural

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Bridlewood
Real Estate

Home Demand Strong

NATIONAL MARKET UPDATE In April, buyer demand was so strong that 56% of Existing Home Sales were on the market less than a month. But due to the current temporary economic contraction, sales posted the biggest monthly drop since 2010. Housing Starts also took a big dip in April, the first full month of restrictions. But Building Permits beat starts by one of the highest figures since the 2008-09 recession,

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20 Ways to Enhance Your Curb Appeal | Volume 2

Walk This Way Choosing the right hardscape can be a challenge, but a simple stone or brick path is a great way to add charm to your entryway. If the inviting look isn’t enough to convince you, just imagine life with no more muddy footprints or sunken heels! Rocking Out A pair of rocking chairs on the front porch will elicit nostalgic memories of

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Home

Turning the corner

NATIONAL MARKET UPDATE The housing market nationally is picking up. Zillow reports new listings grew 5.9% week-over-week, with the hard hit highest price tier up 8%. New listings are still down annually, but have gained now three weeks in a row. Also growing smaller are the year-over-year declines in purchase mortgage applications. Week-over-week, national purchase mortgage activity has shown gains of 12% and 6% the past two weeks.  A

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20 Ways to Enhance Your Curb Appeal | Volume 1

A Warm Welcome Have your neighbors swooning over your curb appeal with an inviting front porch featuring a cozy wood swing and a mix of patterned blue throw pillows beckoning visitors to this sunny front porch.   Go Bold A fresh coat of paint can do wonders for a home’s curb appeal. A bold color pairing, like navy blue and bubblegum pink, will ensure your

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Buyers coming back

NATIONAL MARKET UPDATE Last week, purchase mortgage applications increased 6% nationally, up for the third week in a row. Versus a year ago, purchase applications are down 19%, but climbing back, demand now within 15% of pre-shutdown levels. Fannie Mae projects low mortgage rates will send refis through the roof, to $1.4 trillion in 2020, the most since 2012. The extra money lower monthly payments will put

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Home Maintenance

How to Improve Indoor Air Quality

From pollution to pollen, there are many things that can make the air in your home an irritant. Here’s how to keep things clean and healthy so you can breathe deeply when you relax at home. What’s in it for you? Reduced allergies More efficient heating and cooling Improved health and wellbeing How to Improve the Air Quality in Your Home: Tackle Spring Cleaning

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DIY

Gardening for Beginners: 7 Tips for Growing Your Own Vegetable Patch

The combination of warm weather and sheltering in place means many of us are looking to take our DIY projects outdoors. One yard task that’s gaining a lot of traction lately is gardening, with homeowners now snapping up seeds in order to plant their very own victory gardens. And by joining this DIY green crowd, you can reap many rewards. Tilling the soil, planting, and then digging

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house money capitalism fortune
Buying a home

Saving Up for a Down Payment? Here’s Where To Put Your Money

The coronavirus crisis has heightened financial anxiety and uncertainty. But if buying a home has been part of your life plan, there’s no need to panic. Many Americans will receive stimulus payments in the coming weeks, which could ease some of the burden, and if you’re able, now is still a good time to start saving for the down payment on your mortgage. So where should you

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Market Update

March home sales down

NATIONAL MARKET UPDATE Existing Home Sales dipped 8.5% in March, but the 5.270 million annual rate was still 0.8% ahead of a year ago. Tight inventories kept demand high, as 52% of the homes sold were less than a month on the market. New Home Sales fared even worse, down 15.4% for the month, the 627,000 annual rate off 9.5% from a year ago. This largest monthly drop

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Interactive Housing and Historical Rate Charts

Be in the know! Below you will find interactive housing and historical rate charts. If you have any questions about buying a home during this time please reach out to our team. We can connect you with our team of lenders to guide you in the right direction. Contact The Seay Grouptoday! 30 Year FHLMC Rates On 30-Year Fixed-Rate Mortgage Chart   Freddie Mac

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COVID-19

Rates, tech drive deals

NATIONAL MARKET UPDATE Mortgage rates are now near historical lows. Freddie Mac’s latest Primary Mortgage Market Survey reports the national 30-year fixed mortgage rate is almost a full percentage point lower than a year ago. In spite of the slowdown, deals are getting done thanks to technology. 34% of National Association of Realtors members had no closing delays. 58% are using virtual tours and 84% e-signature

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