Your REALTOR:
Roxanne DeBerry
September 2020
Real
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Is Now A Good Time To Buy Your First House?
The coronavirus pandemic has put many things on hold, but real estate continues to chug along. Sales and listings persist across the country, with some markets harder hit than others. And home prices are rising, throwing a wrench in the plans of those who thought they might be able to swoop in for a steal. 
      “Any thoughts of bargain-hunting in the aftermath of the coronavirus shutdown have proven to be a losing strategy,” said Forbes. “While it seemed likely that house prices would decline due to lack of sales activity, the opposite has occurred. According to recent statistics issued by Realtor.com, median listing prices are 5.6% higher than one year ago, and more than a
Mortgage Rates
U.S. averages as of September 2020:


30 yr. fixed: 2.91%
15 yr. fixed: 2.46%
5/1 yr. adj: 2.91%






than a full percentage point above the levels just before the COVID pandemic shut down the economy.”
      But, interest rates are at historic lows, which stretches
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Can You Use Unemployment Income to Help Qualify?
     As the economy is still being impacted by the Coronavirus, unfortunately many across the country are unemployed. Whether it’s a temporary furlough or a particular company has closed down until further notice, more and more people are finding themselves in the unemployment line. Recent data from May shows some improvement from the previous month, but still the most recent number shows the unemployment rate fell to 13.3 percent and added 2.5 million non-farm payroll jobs. That’s quite a rebound, in fact it’s the strongest one month job growth on record, but that’s an indication of how many were laid off in the first place.
      Fortunately, most unemployed are covered by unemployment insurance. While the unemployment insurance is certainly a welcome



Décor Tips To Help You Through Stressful Times
     You’ve cleaned and disinfected your home and have taken a few trips to the dump with the fruits of your decluttering frenzy. Yet your home feels more cramped and tired than when you started the quarantine. You feel frustrated and stressed.
      With cooler weather and more indoor time around the corner, now’s the perfect time to plan your attack. There are lots of smaller things you can do to make a big difference. And it doesn’t have to cost a lot.
      At the end of the day, it’s all about function, says interior stylist Red Barrinuevo of Redesign4more in Toronto.
      How has the way you use your home changed during these challenging times? What purpose or purposes do you need each room to serve? Reassess each space to see what works and what needs to be improved. Determining the function is the jumping off point, he says.
      What furniture do

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September! Homes Are Selling!!

 Okay, here we are in September and some people are asking what is going on in this market! First, over this  past month my team and I listed approximately 9 homes!1 How many do we have left of the 9? We have only 1 of those nine that we listed. We were able to get eight of them sold in short order and we negotiated on multiple offers on most of them. 

Our Buyer Specialists, who work exclusively with buyers of residential homes have been working their tails off competing for homes for their clients and in most cases winning! I couldn't be more proud of there efforts in this low inventory and highly competitive market.

I am telling my sellers that they can receive great offers on their properties at this time, however, don't expect these offers to be more than what the numbers are for a particular neighborhood based on many factors. When I go over the numbers during my listing presentation I give them what is actually happening based on their size of home, lot values and other things to consider when pricing their home to get the best offer. 

Both pre-owned and new construction homes inventory are low. However, we have seen an uptick in listings coming on but they are being sold in short order. Our team is keeping a close eye out for our clients who are looking for a particular home in a certain area and we can move rapidly for them as required. We are also well versed in what is going on in new construction as well. Our sellers are finding out due our extensive marketing and great contacts with other Realtors it is bringing offers to their doorstep in a short amount of time.  

If you are someone you know needs our assistance with buying or selling a home, please have them call me: Roxanne DeBerry 214-676-8040. Have a great May and don't hesitate to let us know if we can be of any assistance with your real estate needs. The DeBerry Team of Keller Williams Realty



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Read about the events shaping the Real Estate market today, find current interest rates, or browse the extensive library of advice and how-to articles written by some of the top experts in Real Estate. Updated each weekday.
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Roxanne DeBerry,REALTOR CRS ePro
E-mail: roxanne@thedeberryteam.com
Website: http://www.roxannedeberry.com
214-676-8040-CELL
Keller Williams Realty
972-943-7377
3608 Preston Road, Ste. 230
Plano, Texas 75093


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