If you need assistance, please call 972-543-4350

Biggs Realty Blog

Friday, April 29, 2022   /   by Kenneth Brands

Why This Housing Market Is Not a Bubble Ready To Pop

Homeownership has become a major element in achieving the American Dream. A recent report from the National Association of Realtors (NAR) finds that over 86% of buyers agree homeownership is still the American Dream.
Prior to the 1950s, less than half of the country owned their own home. However, after World War II, many returning veterans used the benefits afforded by the GI Bill to purchase a home. Since then, the percentage of homeowners throughout the country has increased to the current rate of 65.5%. That strong desire for homeownership has kept home values appreciating ever since. The graph below tracks home price appreciation since the end of World War II:
The graph shows the only time home values dropped significantly was during the housing boom and bust of 2006-2008. If you look at how prices spiked prior to 2006, it looks a bit like the current spike in prices over the past two years. That may lead some people to be ...

Read More


  biggs realty, dallas real estate, home buyers, sellers, tips for buyers, tips for sellers, market update, dfw real estate, frisco home values, mckinney home sales, allen real estate, new home buyers, real estate investment, resources, dallas home sales, dallas-fort worth real estate, north texas home sales, housing bubble, mortgage rates

Wednesday, April 6, 2022   /   by Kenneth Brands

What To Expect From The North Texas Housing Market This Spring

As the spring housing market kicks off, you likely want to know what you can expect this season when it comes to buying or selling a house. While there are multiple factors causing some uncertainty, including the conflict overseas, rising inflation, and the first rate increase from the Federal Reserve in over three years — the housing market seems to be relatively immune.
Here’s a look at what experts say you can expect this spring.
1. Mortgage Rates Will Climb
Freddie Mac reports the 30-year fixed mortgage rate has increased by more than a full point in the past six months. And despite some mild fluctuation in recent weeks, experts believe rates will continue to edge up over the next 90 days. As Freddie Mac says:
“The Federal Reserve raising short-term rates and signaling further increases means mortgage rates should continue to rise over the course of the year.”
If you’re a first-; ...

Read More


  biggs realty, dallas real estate, home buyers, sellers, tips for buyers, tips for sellers, market update, dfw real estate, frisco home values, listing agent, mckinney home sales, allen real estate, new home buyers, real estate investment, dallas home sales, dallas-fort worth real estate, north texas home sales, housing bubble, mortgage rates

Wednesday, April 6, 2022   /   by Jennifer Duke

5 Cool Home Tech Gadgets

There are so many new tech gadgets on the market these days. Technology should make your life easier and more enjoyable. Here are 5 of the hottest tech gadgets to try right now.
 
5 Cool Home Tech Gadgets You Should Try Now
 
1.    Motion Sensor Night Lights - Hate walking down a dark hallway at night? What about navigating the landmine of kids toys in the living room. These night lights have motion sensors built-in so they turn on as you walk by them.
2.    Logitech Harmony Elite - One stop shop for your home smart devices. Harmony Elite is one control that handles all your devices in one place; lowering blinds, dimming lights, Alexa, Apple TV, Sony and much more.
3.    Rubold Dog Dematting Tool - Make Rover happy and keep unwanted hair off your furniture and clothes. This device has rounded teeth to avoid scratching and reaches the undercoat without yanking the hair.
4.    Ring Beams Home Security Lights - R. ...

Read More


  home tech, tech gadgets

Tuesday, February 8, 2022   /   by Kenneth Brands

Will Student Loans Delay Your Dream Of Homeownership?

If you’re looking to buy a home, you may be wondering how your student loan debt could impact those plans. Do you have to wait until you’ve paid off your student loans before you can buy your first home? Or could you qualify for a home loan with that debt?

To give you the answers you’re searching for, let’s take a look at what recent data shows. That way, you know what to expect and what to do next to achieve your dream of becoming a homeowner. While everyone’s situation is unique, your goal may be more within your reach than you realize.
Do you have to delay your plans because of student loans?
If you’re worried your student loans mean you have to put your homeownership goals on hold, you’re not alone. In fact, many first-time buyers believe they have to delay their plans. According to data from the National Association of Realtors (NAR):
“When asked specifically about purcha ...

Read More


  biggs realty, dallas real estate, home buyers, tips for buyers, market update, plan of action for home buyers, dfw real estate, frisco home values, mckinney home sales, new home buyers, resources, millennial home buyers, dallas home sales, dallas-fort worth real estate, millenials buying real estate in dallas texas, mortgage, north texas home sales, mortgage rates, student loans

Tuesday, February 1, 2022   /   by Kenneth Brands

Why Right Now Is a Once-in-a-Lifetime Opportunity for Sellers

If you’re thinking about selling your house in 2022, you truly have a once-in-a-lifetime opportunity at your fingertips. When selling anything, you always hope for strong demand for the item coupled with a limited supply. That maximizes your leverage when you’re negotiating the sale. Home sellers are in that exact situation right now. Here’s why.
Demand Is Very Strong
According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), 6.18 million homes were sold in 2021. This was the largest number of home sales in 15 years. Lawrence Yun, Chief Economist for NAR, explains:
“Sales for the entire year finished strong, reaching the highest annual level since 2006. . . . With mortgage rates expected to rise in 2022, it's likely that a portion of December buyers were intent on avoiding the inevitable rate increases.”
Demand isn’t expected to weaken this year, either. ...

Read More


  biggs realty, sellers, tips for sellers, dallas real estate, market update, listing agent, allen real estate, dfw real estate, frisco home values, mckinney home sales, dallas home sales, dallas-fort worth real estate, north texas home sales