RE/MAX DFW Associates VI 11955 Dallas Parkway #300 Frisco, TX 75033
469-582-0282
T he H omestead at C arrollton
Each office independently owned and operated
C ynthia F owler
RE/MAX Hall of Fame REALTOR®, ABR, SRS, SFR, I.R.E.S RE/MAX DFW Associates VI
214-803-3452
CynthiaFowler@remax.net www.TheHomesteadHomes.com
COMPARING 2020 TO 2008
ARE THEY DIFFERENT ?
COVID-19 has had a large effect on the economy – so much so that you might have heard talks of our country entering another recession. Due to the severity of the 2008 financial crisis and the ensuing recession, the term stirs up a lot of emotions for many, especially when it comes to the real estate market.
Inventory and Appreciation
Annual Home Price Appreciation
In the years leading up to the housing market crash, home price appreciation (the increase in value of houses) was out of control. Homes simply became too expensive for buyers to afford, which became a contributing factor to the crash. The price of homes is still high today, but it’s risen at a more stable level. Inventory is at a low in most markets, causing a surge in demand.
by Refinance in Billions
Now...
Source: Freddie Mac
11.4% 8.6%
8.5%
8.7%
6.5% 4.4%
The 6 Years Leading up to The Housing Crash 2000
2001
2002
2003
2004
2005
5.2%
5.5%
6.4% 4.8%
4.7%
The Last 6 Years 2014
2015
2016
2017
2018
2019
Use of Home Equity
Total Home Equity Cashed Out Then...
Source: Black Knight
12.5%
Year
Dollars
Year
Dollars
2005
$263B
2017
$71B
2006
$321B
2018
$87B
2007
$240B
2019
$89B
Total
$824B
Total
$247B
Prior to the housing crisis, many homeowners were using cash-out refinances to supplement their cash flow, meaning they were tapping into their home’s equity as soon as it built up enough rather than letting it grow and build their overall wealth. This put many homeowners in a negative equity position when the housing bubble burst; they owed more on their home than it was actually worth.
R eal E state M arket R eport | S eptember 2020
Prepared Especially for Jonathan-Thomas and Angela-Marie Washington Presented by Cynthia Fowler
Jonathan-Thomas and Angela-Marie, Now is a great time to sell your home! Home inventory levels have dropped and because interest rates are still so extremely low, buyers can afford more home for their buying dollar. I also employ a number of ways to keep you and your family and the selling process safe. If you’re ready to talk about these unique opportunities, please call me today at 214-803-3452 Source: www.watersongmortgage.com
RE/MAX DFW Associates VI The Homestead’s Top-Producing Agent RE/MAX Hall of Fame D Magazine - 2019 Top Producer
Don’t List Your Home with Just Anyone
C ynthia F owler
List with The Homestead at Carrollton Expert!
RE/MAX Hall of Fame REALTOR®, ABR, SRS, SFR, I.R.E.S RE/MAX DFW Associates VI
Neighborhood Expert
Print & Digital Home Listing
Expert Negotiating Skills
Marketing Strategy
Photos & Videography
Outgoing Service Experience
214-803-3452
CynthiaFowler@remax.net www.TheHomesteadHomes.com
The Homestead’s Top-Producing Realtor Every Year Since 2015!
The Homestead At Carrollton
1
ACTIVE HOME!
This is What
Our Homestead at Carrollton Neighbors Are Saying
Jonathan-Thomas and Angela-Marie, There is currently one home available in The Homestead at Carrollton. I still have buyers waiting and looking for specific homes and floor plans in The Homestead! PLEASE CALL ME AT 214-803-3452 FOR MORE DETAILS.
T he H omestead H omes C urrently L isted Status
Address
Active
1809 Pecan Grove
Bedrooms
Baths
Estimated Square Feet
List Price
List Date
3
2.1
2,617
$405,000
07/13/20
T he H omestead H omes C urrently P ending Status
Address
Pending
1702 Orchard Lane
T he H omestead H omes S old
Bedrooms
Baths
Estimated Square Feet
List Price
List Date
3
2.0
1,985
$350,000
07/02/20
in
T he L ast 6 M onths
On Average, Homes are Selling for 98% of Asking Price.
Bedrooms
Baths
Estimated Square Feet
List Price
Sold Date
Days on Market
1746 Ivy Lane
3
2.1
2,472
$385,000
07/06/20
40
Sold
1736 Auburn Drive
3
2.0
2,096
$364,900
06/26/20
18
Sold
1807 E Branch Hollow Drive
5
3.1
3,899
$500,000
06/24/20
83
Sold
1822 Pecan Grove
4
2.0
2,117
$374,900
06/17/20
7
Sold
3904 Quincy Street
3
2.1
2,711
$400,000
06/01/20
55
Sold
1815 Pecan Grove
4
2.0
2,134
$395,000
05/20/20
6
Sold
1706 Bluffview Lane
5
4.0
3,484
$449,000
04/27/20
37
Sold
1727 Morning Glory
3
2.0
2,047
$389,000
02/27/20
22
Status
Address
Sold
Cynthia Fowler and RE/MAX DFW Associates are not in any way affiliated with The Homestead at Carrollton Owners Association, nor is this in any way an official advertisement or publication of The Homestead at Carrollton. © 2020 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the NTREIS between February 4th, 2020 and August 4th, 2020. Listings and sales may not be those of RE/MAX DFW Associates. The NTREIS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship.
“To say that Cynthia is an amazing Realtor simply does not do her justice - she is an amazing person! She truly has become like a member of our family. I cannot say enough wonderful things about Cynthia. She helped us out when our family was faced with an emergency. She rolled up her sleeves and jumped in to help without any complaint or hesitation. We adore this woman and are so glad to have made a lifelong friend throughout this process!” —Lesley Kwan Hill 1729 Auburn Drive
I really can’t say enough good things about Cynthia’s professionalism and expertise. We relocated for my job, which was stressful. Many of our service providers assumed that the wife would be handling everything. Cynthia immediately knew that my husband would be working a lot of the logistics while I adjusted. She made things easy and truly went the extra mile in supporting us through this transition. I’d recommend her to anyone buying or selling a home.” —Niki Watson 1735 Auburn Drive
“Cynthia did an amazing job keeping us informed throughout the buying process! Her knowledge of the market was impressive. I would definitely recommend her to all my friends and family!” —Steven Hargis 1711 Auburn Drive
“Our house went on the market two days ago. With the help of our amazing Realtor, Cynthia Fowler (a Homestead resident), we received three offers and are now under contract! Cynthia is a true professional who goes the extra mile and then some! You would be wise to hire her if you are thinking about selling your house.” —Michael Businelle 1730 Auburn Drive
“If I could give Cynthia a hundred stars, I would. She is an amazing Realtor. From start to finish, she made the entire transaction as stress-free as possible for us. She truly went above and beyond and is hands down the best Realtor we have ever worked with.” —Katie Bangert 1704 E Branch Hollow Drive
“Cynthia went above and beyond to help us locate our new home as well as sell our existing home. We don’t have plans to move again anytime soon; however; if we do, we will DEFINITELY call Cynthia!” —Ryan Datson 1701 Orchard Lane
Jonathan-Thomas and Angela-Marie, As a Homestead of Carrollton homeowner myself, I’m committed to protecting home values in our community. If you are considering selling your home, please call today at 214-803-3452 to discuss how my unique marketing plan and extensive Homestead at Carrollton market knowledge can get us the most money for your home.