Homes by Scherrie

Happy Friday Eve FB Family and Friends,

Today is THE best day of the week to get pre-approved with a local lender. This places you in the best position to make a strong offer if you find a home you love this weekend. 😎

The first round of consumer inflation data came out this morning without much impact to the market. Headline CPI rose slightly from last month while Core CPI dropped a touch from last month. The main driver was a rise in shelter. This is to be expected: as rates drop, demand for homes go up.

According to mortgage news daily, national average rates today are around:

6.75 Conventional 30 yr
6.00 Conventional 15 yr
6.125 FHA
6.125 VA

**Call or text me if you need anything!**
Scherrie Beauman 214-277-3455

Call or text Jamie Edstrom with Guild Mortgage
to get pre-approved today!! 214-280-5577

I hope you had a memorable Christmas.

This is the final trading week of 2023 for the market and all is quiet. Some news to note: the run rate for home price increases YTD is 4.9%! Where are all the scrooges who were predicting a housing crash??? It’s not happening.

NAR released their Realtor’s Confidence Index and the most notable change is the increased confidence that buyer and seller activity will only increase from here. The median number of offers per home sold is now at 2.6, with about 20% still going over list price. We are all expecting a better January than last year 👏👏

According to mortgage news daily, todays average rates will be around:

6.65% conventional 30 yr
6.00% conventional 15 yr
6.12% FHA
6.12% VA

** I’m available all week, so do not hesitate to reach out if you need anything!!**
- Scherrie Beauman EXP Realty
214-277-3455

Congratulations

Happy New Year!

As the cost of housing soars, discussions concerning housing woes for renters is increasing. Some states are approving initiatives to cap rent rates and implement more rent control.

Renters strike back as cities cap price hikes by landlords The revival of rent control policies long derided by economists, including one of President Joe Biden’s top advisers, comes as officials scramble to contain rising prices across a range of goods and services.

Texas is one of the most fastest growing cities in the country. A new upscale hotel will have 200 luxury rooms and more when finished in Fort Worth's Cultural District. This project couldn’t come at a better time. If you're still on the fence about purchasing real estate in the DFW and surrounding areas, inbox me.

New hotel rooms help with availability for the fast-growing city of Fort Worth New hotels couldn't come at a better time, like the one now under construction in Fort Worth's Cultural District.