Price Improvement
Sitting on a corner lot in the Summerfields Addition, a few blocks from Chisholm Trail middle school. Inside you will find tile floors that lead you into an inviting open-space.
The wood-burning fireplace takes center stage in the cozy living room, providing warmth and ambiance during chilly evenings.
The well-appointed kitchen features sleek countertops, all black appliances, and ample storage, making meal preparation a breeze.
The open layout allows for seamless entertaining, ensuring you'll never miss a moment with family and friends while hosting gatherings.
The design extends to the tranquil bedrooms, offering a peaceful retreat after a long day.
The master bedroom boasts an en-suite bathroom, complete with dual sinks and new beautiful white cabinets. Step outside to the fenced yard with plenty of extra storage in the shed.
8100 Cannonwood Drive, Fort Worth, Texas 76137
Fort Worth's Sundance Square gets first shop dedicated to glamming up dogs
There's a new shop in Fort Worth's Sundance Squre that's all about the pets: Called The Origami Dog, it just opened at 309 Houston St., where it's providing pet grooming, supplies, toys, and food for the downtown area.
Focused primarily on dogs but has cat supplies as well, Origami provides the first pet supply outlet for downtown residents and denizens.
The shop is from young husband-and-wife Roy and Londyn Meharg, who are opening what is their first business as part of The Big Idea, an entrepreneurship program hosted by Sundance Square that gives a leg up to small businesses.
Top Fort Worth pitmasters to join lineup at 2023 Texas Monthly BBQ Fest
For Texas barbecue fans, chasing down the best can be daunting. There are gas costs, waiting in line, and lodging. Rural towns may produce exceptional brisket, but few are well-known for luxurious hotels.
A better way to sample the BBQ scene is the second annual Texas Monthly BBQ Fest, the meatopia hosted by Texas Monthly magazine, slated to blaze into Lockhart, Texas, on November 4-5.
The 2023 lineup includes some of the most celebrated pitmasters in the state, and that includes nine of the top barbecue spots in Dallas-Fort Worth.
Drawing from barbecue editor Daniel Vaughn's "Top 50 BBQ Joints in Texas" list as well as the recent "New and Improved" update, the invitees reflect Texas' deep culinary traditions and growing diversity.
Real Estate News
How Inflation Affects the Housing Market
Have you ever wondered how inflation impacts the housing market? Believe it or not, they’re connected. Whenever there are changes to one, both are affected. Here’s a high-level overview of the connection between the two.
The Relationship Between Housing Inflation and Overall Inflation
Shelter inflation is the measure of price growth specific to housing. It comes from a survey of renters and homeowners that’s done by the Bureau of Labor Statistics (BLS). The survey asks renters how much they’re paying in rent, and homeowners how much they’d rent their homes for, if they weren’t living in them.
Much like overall inflation measures the cost of everyday items, shelter inflation measures the cost of housing. And for four consecutive months, based on that survey, shelter inflation has been coming down (see graph below):
Why does this matter? Well, shelter inflation makes up about one-third of overall inflation, as measured by the Consumer Price Index (CPI). So, when shelter inflation moves, it leads to noticeable moves in overall inflation. That means the recent dip in shelter inflation might be a sign that overall inflation could fall in the months ahead.
That moderation would be a welcome sight for the Federal Reserve (the Fed). They’ve been working to get inflation under control since early 2022. While they’ve made some headway (it peaked at 8.9% in the middle of last year), they’re still trying to get to their 2% goal (the latest report is 3.3%).
Inflation and the Federal Funds Rate
What’s the Fed been doing to lower inflation? They’ve been increasing the Federal Funds Rate. That interest rate influences how much it costs banks to borrow money from each other. When inflation climbed, the Fed responded by raising the Federal Funds Rate to keep the economy from overheating.
The graph below shows the relationship between the two. Each time inflation (shown in the blue line) starts to climb, the Fed raises the Federal Funds Rate (shown in the orange line) to try to get it back to their target of 2% (see below):
The circled portion of the graph shows the most recent spike in inflation, the Fed’s actions to raise the Federal Funds Rate to fight that, and the moderation of inflation that happened in response to that hike. As inflation gets closer to the Fed’s current 2% goal, they may not need to raise the Federal Funds Rate much further.
A Brighter Future for Mortgage Rates?
So, what does all of this mean for you? While the actions coming out of the Fed don’t determine mortgage rates, they do have an impact. As Mortgage Professional America (MPA) explains:
“. . . mortgage rates and inflation are connected, however indirectly. When inflation rises, mortgage rates rise to keep up with the value of the US dollar. When inflation drops, mortgage rates follow suit.”
While no one can predict the future for mortgage rates, it’s encouraging to see the signs of moderating inflation in the economy.
Bottom Line
Whether you’re looking to buy, sell, or just stay informed about the housing market, connect with a local real estate expert who can help.