The Freund Group Real Estate Blog

Welcome to The Freund Group's blog spot! We are a real estate group with a combined total of over 50 years of experience helping buyers and sellers in all aspects of residential, commercial, as well as, investors, foreclosures and short sale transactions.  Whether you are thinking of buying or selling a home, our helpful resources and tips will help you through the process.

Our blog spot will feature stories of events around the Houston area, the housing market trends and the benefits of investing in Houston real estate. Please feel free to ask questions or voice a concern in the comment section. 

Jan. 7, 2020

Big Demand for Small Homes

Big Demand for Small Homes

Big Demand for Small Homes | MyKCM

Movies, tv shows, and celebrities often have us dreaming of owning large homes, but the reality for most people is quite different.

Since 2015, the square footage of newly built houses has been shrinking, according to Yahoo Finances. This is not projected to change as we continue into the beginning of the year.

“We expect this downsizing trend to continue in 2020, driven by a confluence of economic and demographic trends.”

Why are smaller homes trending now?

As noted in the article, there are a few main reasons for this demand:

  • “Many of today's younger, millennial home buyers have expressed a preference for denser, more urban homes that are more walkable to shared amenities.”
  • “Today's older homeowners are expressing a desire for smaller, less maintenance-heavy and more accessible (read: less stairs) homes as they age and move into newer homes.”

With these two demographic groups surging through the market, the demand for this type of home is rising. If you’re a homeowner with a smaller-scale house, now may be a great time to sell, as the demand for this end of the market is surely on the rise.

Bottom Line

The demand for smaller houses will continue to rise throughout 2020. Let’s get together to discuss what the housing inventory looks like in your neighborhood. It might be time for you to take advantage of this trend!

Posted in Real Estate News
Jan. 6, 2020

League City Daddy Daughter Dance

League City Daddy Daughter Dance

It’s time to get dressed up and make memories that will last a lifetime. Take your special little ladies to the League City Daddy, Daughter dance on either Saturday, February 1st or Friday, February 7th. A sit-down dinner, lots of great tunes to dance to, goodie bags, and an opportunity for professional portraits with fees paid separately to the photographer.

Registration for League City residents is $27.50 per person. Registration opens January 9th for non-residents with a fee of $41.25 per person.

You can register online or registration can be done at Hometown Heroes Park or online.

  

 

 

Posted in Local Events
Jan. 6, 2020

3 Benefits to Buying Your Dream Home This Year

3 Benefits to Buying Your Dream Home This Year

3 Benefits to Buying Your Dream Home This Year | MyKCM

Outside of a strong economy, low unemployment, and higher wages, there are three more great reasons why you may want to consider buying your dream home this year instead of waiting.

1. Buying a Home is a Great Investment

Several reports indicate that real estate is a good investment, topping other options such as gold, stocks, bonds, and savings. Why? Real estate helps build equity, a form of investing for you and your family. According to CoreLogic’s Equity Report,

“U.S. homeowners with mortgages (roughly 64% of all properties) have seen their equity increase by a total of nearly $457 billion since the third quarter 2018, an increase of 5.1%, year over year.”

This means the average homeowner gained approximately $5,300 in equity over the past year. If you want to start building your equity, put your housing costs to work for you through homeownership this year.

2. Mortgage Interest Rates Are Low

The Primary Mortgage Market Survey from Freddie Mac indicates that interest rates for a 30-year mortgage have fallen since November 2018 when they hit 4.94%. In their latest forecastFreddie Mac expects rates to remain low, leveling out to a yearly average of 3.8% in 2020.

When you purchase a home at a low mortgage rate, it will impact your monthly mortgage payment, giving you the opportunity to buy more house for your money.

3. Investing in Your Family is a Win

There are some renters who haven’t purchased a home yet because they’re uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you’re living rent-free with your parents, you’re paying a mortgage – either yours or that of your landlord.

Today, rental prices continue to increase, and when you’re paying your landlord’s mortgage instead of your own, you’re not the one earning the equity. As an owner, your mortgage payment is a form of ‘forced savings’ you can use later in life to reinvest in your family. You can use it for a variety of opportunities, such as saving for your children’s education, moving up to a bigger home, or starting your own business. As a renter, it can be more challenging to achieve those types of dreams without home equity working for you.

Bottom Line

Buying a home sooner rather than later could lead to substantial savings and long-term financial growth for you and your family. Let’s get together to determine if homeownership is the right choice for you this year.

Posted in Tips For Buyers
Dec. 30, 2019

2020 Forecast Shows Continued Home Price Appreciation

2020 Forecast Shows Continued Home Price Appreciation

2020 Forecast Shows Continued Home Price Appreciation | MyKCM

Questions continue to rise around where home prices will head in 2020. The latest forecast from CoreLogic shows continued appreciation at 5.4% over the next year:2020 Forecast Shows Continued Home Price Appreciation | MyKCMAdditionally, ARCH Mortgage Insurance Company in their current Housing and Mortgage Market Review revealed their latest ARCH Risk Index, which estimates the probability of home prices being lower in two years. Based on the most recent results, 32 of the 50 U.S. states (plus D.C.) had a minimal probability of lowering by 2021.2020 Forecast Shows Continued Home Price Appreciation | MyKCM

Bottom Line

Experts forecast home price appreciation to continue at a moderate rate as we move through 2020 and beyond. With appreciation growing, let’s get together and plan for your next move.

Posted in Real Estate News
Dec. 30, 2019

When a House Becomes a Happy Home

When a House Becomes a Happy Home

When a House Becomes a Happy Home | MyKCM

We talk a lot about why it makes financial sense to buy a home, but more often than not we’re drawn to the emotional reasons for homeownership.

No matter the size or shape of a living space, the feeling of a home means different things to different people. Whether it’s a certain scent or a favorite chair, the feel-good connections to our own homes are typically more important to us than the financial ones. Here are some of the reasons why

1. Owning your home offers stability to start and raise a family

From the best neighborhoods to the top school districts, even those without children at the time of purchase may have this in the back of their minds as a major reason for choosing the location of the home they purchase.

2. There’s no place like home

Owning your own home offers not only safety and security, but also a comfortable place where you can simply relax and kick-back after a long day. Sometimes, that’s just what we need to feel re-charged and truly content.

3. You have more space for you and your family

Whether your family is expanding, an older family member is moving in, or you need to have a large backyard for your pets, you can take all this into consideration when buying your dream home, so the space truly works for you.

4. You have control over renovations, updates, and style

Looking to actually try one of those complicated wall treatments you saw on Pinterest? Tired of paying an additional pet deposit for your apartment building? Maybe you want to finally adopt that fur-baby puppy or kitten you’ve been hoping for. Who’s to say you can’t do all of these things in your own home?

Bottom Line

Whether you’re a first-time homebuyer or a move-up buyer who wants to start a new chapter in your life, now is a great time to reflect on the intangible factors that make a house a happy home.

Posted in Tips For Buyers
Dec. 17, 2019

December 2019: The Buyer Stakes Are High Because Inventory Is Low

December 2019: The Buyer Stakes Are High Because Inventory Is Low

December 2019: The Buyer Stakes Are High Because Inventory Is Low | MyKCM

The reality of what we’re seeing this month is that homes are selling fast. In today’s strong seller’s market, bidding wars are common and expected with starter or entry-level homes.

In most areas of the country, first-time buyers have been met with fierce competition throughout their homebuying experience. Some have been out-bid multiple times before finally going into contract on a home to call their own.

Right now, inventory is the big challenge. Here’s what we know today:

According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), there is currently a 3.9-month supply of homes for sale, which can drive this kind of hefty buyer competition. Remember, anything less than 6 months of inventory is a seller’s market.

Even though the month’s supply of inventory is not increasing, ironically, the number of homes for sale is. This means homes are coming up for sale, but they’re being sold quickly. The graph below shows the year-over-year change in inventory over the last 12 months.December 2019: The Buyer Stakes Are High Because Inventory Is Low | MyKCMAs depicted above, the percentage of available inventory has fallen for four consecutive months when compared to the previous year.

So, what does this mean? If you’re a buyer, be sure to get pre-approved for a mortgage and be ready to make a competitive offer, so you can move quickly. Chances are, homes high on your wish list are likely going to go fast.

Bottom Line

If you’re thinking of buying a home, make sure you’re taking the right steps at the beginning of the process, so you’re a top contender if you ultimately find yourself in a bidding war. Let’s get together to discuss what you need to do to make your move toward homeownership.

Posted in Tips For Buyers
Dec. 3, 2019

5 Reasons to Sell This Winter

5 Reasons to Sell This Winter

5 Reasons to Sell This Winter | MyKCM

Below are five compelling reasons to list your house this winter.

1. Demand Is Strong

The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase, and are in the market right now. More often than not, in many areas of the country, multiple buyers are competing with each other to buy the same home.

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

Inventory is still under the 6-month supply needed for a normal housing market. This means in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in the market.

Historically, a homeowner would stay an average of six years in his or her home. Since 2011, that number has hovered between nine and ten years. There is a pent-up desire for many homeowners to move as they were unable to sell over the last few years due to a negative equity situation. As home values continue to appreciate, more and more homeowners will be given the freedom to move.

Many homeowners were reluctant to list their homes over the last couple of years, for fear they would not find a home to move into. That is all changing now as more homes come to market at the higher end. The choices buyers have will continue to increase. Don’t wait until additional inventory comes to market before you decide to sell.

3. Buyers Are Serious at This Time of Year

Traditionally, homeowners think about spring as a great time to list their homes, when more buyer traffic may be out there actively searching. In the winter, however, the buyers who are seeking a home – whether for relocation or otherwise – are serious ones. They’re ready to make offers and they’re eager to move, often quickly. Your house may be exactly what they’re looking for, so listing when other potential sellers are holding off may be your best opportunity to shine.

4. There Will Never Be a Better Time to Move Up

If your next move will be into the premium or luxury market, now is the time to move up. There is currently ample inventory for sale at higher price ranges. This means if you're planning on selling a starter or trade-up home and moving into your dream home, you’ll be able to do that now. Demand for your entry-level home is high, and inventory in the luxury or premium market is too.

According to CoreLogic, prices are projected to appreciate by 5.6% over the next year. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and in your mortgage) if you wait.

5. It’s Time to Move On With Your Life

Look at the reason you decided to sell in the first place and determine whether it’s worth waiting. Is money more important than being with family? Are you ready to go on with your life the way you think you should?

Only you know the answers to these questions. You have the power to take control of the situation by putting your home on the market this winter. Perhaps the time has come for you and your family to move on and start living the life you desire.

That is what is truly important.

Posted in Tips for Sellers
Nov. 20, 2019

League City Holiday in the Park

It’s that time of the year again! Beautiful League City is kicking off the Holiday season with a fun-filled weekend. This year’s theme for Holiday in The Park is, “Hats Off To Frosty.” The event will be happening the first weekend in December 6-8th.

Holiday in the Park is one of the most celebrated traditions in League City. This three day , family-friendly holiday event takes place in League Park and features, holiday shopping, food vendors, entertainment, and three parades. The theme of this year is in honor of the 50th anniversary of the classic cartoon of Frosty the Snowman.

Friday, December 6th vendors will open their booths at 5pm. At 6pm Mrs. Claus reads “The Night Before Christmas” to the audience in the League Park Plaza. At 7pm it’s time to snuggle up and watch Frosty the Snowman and Frosty Returns on the big screen.

Saturday, December 7th vendors open their booths at 9am. At 10 am the Children’s Parade marches from Butler’s Courtyard into League Park to join Santa in the gazebo. Kids of all ages are invited to join and there is no registration required. 10am-6pm enjoy entertainment in the plaza for the whole family. At 6pm the Grand Night Parade begins from Texas Avenue to Park Street.

Sunday, December 8th 12-5pm. Vendors open at 12:00. The pet parade begins at 1pm. From 2-3:30 there will be entertainment in the plaza.  At 3:30 the Grand Night Parade awards will be announced.

Parking

Spectators are encouraged to get to the area early as police will shut down FM 518/Main Street at 5:15 pm in both directions. There is parking available in the shopping center on 518 and Hwy 3.

 

Posted in Local Events
Nov. 19, 2019

Seabrook, Texas is named Best City to Live in Texas

According to Moneyinc.com Seabrook, Texas is named Best City to Live in Texas. Seabrook received livability awards that rank it as the number one city in Texas. Seabrook is a small city on Galveston Bay with about 12,000 residents.

Seabrook is loaded with amenities and opportunities for shopping, entertainment, dining and recreation. Seabrook offers ample recreational activities including boating, fishing and more.

Home prices in Seabrook range from $91,000-up to $1.4 million. There have been 161 home sold in the last 6 months. Seabrook has become a sought-out area for home buyers.

Seabrook students attend Clear Creek ISD. CCISD is one of the most sought-after school districts in the area.  Few schools in this school district are in nearby Clear Lake City.  However, there are great schools in the community itself, such as Clear Creek High School, Clear Falls High School, and Clear Springs High School.  A smaller area in League City is the Dickinson School District, the fastest growing district in Galveston County.  In addition to public schools, there are private schools for families who are interested in that type of education experience. 

If you are interested in owning real estate in the MoneyInc.com rated best city to live in Texas, Seabrook, give us a call we would love to help with your home buying dreams! 281-479-6683

 

Posted in Real Estate News
Nov. 5, 2019

La Porte Fun Facts #2

La Porte Fun Facts #2

Did you know that during the 1920s & 1930’s La Porte’s Sylvan Beach became a nationally recognized destination featuring beauty contests, celebrations and regular performances by famous bands?

In the 1930s the park was revamped including a large boardwalk, amusement rides, and many other attractions. Erosion began in 1928 due to the wakes of shipping traffic and by the later 20th-century erosion had completely eliminated the beach.

Sylvan Beach is now a spot for many celebrations throughout the year including the Sylvan Beach Festival. Visitors can enjoy the beach made of fine sand a no seaweed and smaller waves allow for more enjoyable swimming. There is also fishing, a boat ramp, and air-conditioned pavilion.

La Porte’s Sylvan Beach is the perfect spot for a family fun day. Bring a picnic lunch and stay for the day!

For more interesting facts about La Porte tune into to our “Did you know……” on our facebook business page.

For more information about Real Estate, Tips and Advice and Local Real Estate News check out our Facebook page! 

 

Posted in Did you know?