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Texas homebuyers decided it was time to make their move, after holding off before the U.S. presidential election. November home sales rose more than 20 percent for the month.
According to preliminary research at Texas A&M University, two major markets led the way. Dallas’ home sales rose more than 20 percent and Houston sales were up roughly 23 percent.
Interest rates continue to be a major factor in increased activity. Jim Gaines, chief economist at The Real Estate Center, told the Dallas Business Journal, “There are theories that interest rates going up has been pushing forward closings with the anticipation that no matter what the interest rate is today, it will be higher tomorrow.” He added, “We are just not sure if these are stolen sales from December and January and other months moving forward. Rates are expected to move even higher in the course of 2017.”
November’s increase in home sales could cause this year’s numbers to look better than originally expected, especially if home sales continue to skyrocket in December.
2016 home sales in Texas — which were on track to be up 3 percent to 4 percent year-over-year — could end up increasing 5 percent to 6 percent by year-end.
With rates and prices on the rise, maybe it is your time to buy? Check out Gehan Homes for your new home!
Gehan Homes will be among the first homebuilders to break ground in the initial phase of the Gateway Parks master-planned community in Forney, TX, near Dallas.
The first phase of Gateway Parks will consist of a proposed 439 single-family homes, which will include one- and two-story houses between 1,800 square feet and 3,500 square feet, priced from the mid-$200,000s.
In total, developer Gateway Holdings’ $1 billion, 2,000-acre MPC will include more than 1,800 single-family homes, a 40-acre retail center, trails and parks and more than 1,300 acres for office, hotel and commercial properties.
The project is the latest in a line of master-planned communities under development across the country, responding to the recent trend among homebuyers seeking neighborhoods that contain a diversity of housing, light retail and other amenities within walking distance but aren’t in pricey urban centers.
Texas, in particular, is seeing firming demand for this type of development in key metro areas.
The following is an excerpt from an article by our friends at New Home Source:
Choosing a mover is a big decision that impacts your wallet, your belongings and your sense of peace during this major transition in your life.
Here are key questions to ask to find the right moving company:
1. Can you provide me with a binding quote?
The law says you deserve a binding quote, a price that can’t be exceeded based on the predetermined scope of the work. In order to get a binding quote, the company will have to send a certified assessor to survey your possessions. Once you are given a written quote, which is a legal document, the maximum cost of your move is established.
2. Do you belong to the American Mover and Storage Association (AMSA)?
AMSA helps its members boost their customer satisfaction by making compliance with federal moving laws a term of membership. The U.S. Department of Transportation oversees interstate moving companies and many of the related laws are designed to protect consumers. Local movers can join the AMSA as well, which keeps standards high for in-state moves that are otherwise guided by less stringent state laws.
3. Is the staff that’s actually handling the move made up of your employees or will they be independent contractors or subcontractors?
Companies that hire a moving staff and offer benefits cultivate loyalty. Loyal employees are more likely to handle your move well, because the happier you are with their work, the better the feedback you give their bosses.
4. How will special items in my home be handled?
Don’t be afraid to ask for specifics about how items like pianos, flat-screen televisions, front-load washers and dryers, heirloom furniture and mattresses that have memory foam, gel or other components will be moved. You’ll know from the answers your estimator gives how experienced your potential movers are with moving valuable, sometimes irreplaceable, pieces.
5. What will happen if one of my possessions gets damaged or lost during the move?
Moving companies offer different levels of protection for your items. Full Value Protection is when your mover agrees to be liable for the full value of the lost, damaged or destroyed item. The mover can choose whether to repair or replace the item on their discretion and their liability is limited depending on how detailed a list you provide of your property.
While Full Value Protection is an upgrade you pay for, Released Value is included in every move by law. Released Value is only 60 cents per pound (a 25-pound flat-screen TV would then be valued at $15).
6. Do you blanket wrap furniture, appliances and electronics?
Be careful to set your expectations based on facts, not assumptions. While most movers used to wrap delicate-surfaced items with blankets, some movers are skipping this step to save time.
7. What do you do to protect the walls, floors and other surfaces in my former house and my new one?
Because you want to leave your old home in great condition, and also wish to preserve the pristine walls and floors in your new house, the staff’s careful movements in and around the homes are of great importance.
8. Do you collect a deposit?
Federal laws require movers to charge only for services provided, so consider the demand for a deposit a red flag.
There’s already plenty to keep you occupied during a move. By asking the right questions ahead of time, you can reduce the amount of confusion, damage and stress during any move, whether that be just down the street or to another state.
DOG LOVERS! Our Monarch floor plan is loaded with beautiful elements for you and includes a mini-spa for your pet! This stunning home features a dog bath in the utility room, just off the garage. What a convenient place to bathe your pooch…or other favorite furry friend!
Don’t miss our LAST CHANCE communities! We have 5 Dallas-area neighborhoods that have almost sold out! If you are looking in the Frisco, Prosper, Hickory Creek or Rowlett areas, check out these neighborhoods, before you miss out!
Belmont Woods and Stonebryck Manor, located in Frisco, Texas – one of America’s fastest growing cities. Enjoy great schools and easy commutes to Dallas from these beautiful neighborhoods!
Lakes of La Cima, in beautiful Prosper, TX. Prosper is a growing community with a small town feel. Great schools and wide open spaces await!
Hickory Creek is located in the town of Hickory Creek, on Lewisville Lake. Recreation and a central location is what makes this neighborhood extra special.
Springfield Commons in the up-and-coming city of Rowlett, TX. This beautiful community is near Lake Ray Hubbard and homes are going fast!
We look forward to seeing you in one of our Dallas communities, today!
Now through November 13, 2016, we are hosting our annual Wrapped & Ready Sales Event!
Come out to any of our 60 beautiful new home communities across Texas and Arizona to view our large selection of move-in ready homes that will have you in before the Holidays! Looking to build? We also have awesome incentives on our to-be-built homes across Dallas, Houston, San Antonio and Phoenix.
Don’t miss our on our final sales event of 2016!
Wallet Hub has released their list of the Fastest Growing Cities of 2016. Always striving to stay ahead of the curve, Gehan Homes already builds new homes in 3 of the top 10 cities, which include Frisco, League City and McKinney in the great state of Texas! To see our new homes by city, just click the links below.
McKinney, TX: New Homes in McKinney, TX
WalletHub’s analysts compared 515 U.S. cities of varying population sizes based on 14 key indicators of rapid economic growth. Their data ranges from “population growth” to “unemployment rate decrease” and “growth in regional GDP per capita.”
For more than 25 years, Gehan Homes has been building new homes in the most desirable neighborhoods across Texas and Arizona. We are the 11th largest private homebuilder in the nation and are continuously recognized for our outstanding floor plans, superb design and industry-leading customer service.
Gehan Homes was recently honored with FIVE Star Awards by the Texas Association of Builders. The highly-coveted Star Awards are given annually in conjunction with the Sunbelt Builders Show to recognize excellence in all areas of the home building industry.
This year, we were recognized with awards for Sales Manager of the Year, Construction Manager of the Year, Best Website, Best Special Promotion and Best Online Advertisement.
We are so proud of the homes we build and the fantastic people we work with. Their dedication to our company and our customers is a huge part of our success!
The winners were announced and presented at the Gaylord Texan Resort and Convention Center in Grapevine, Texas. Several hundred representatives from the homebuilding, real estate and mortgage industry were in attendance.
The Texas Association of Builders has nearly 10,000 members across Texas. In 1992, the Association launched the Texas Star Awards — the only statewide tribute to excellence in the home building industry. The awards showcase the outstanding work of builders, sales professionals, marketing professionals, construction professionals and industry leaders in Texas and the Southwest.
Customer reviews and testimonials speak volumes! Watch this video to see what people are saying about us!