336 Tumbleweed Trail, Waxahachie, Texas 75165
Welcome to this stunning, upgraded 4-bedroom, 3-full bath home nestled on a spacious corner lot in a highly sought-after neighborhood. 🏡
This meticulously maintained home boasts an open concept living space, perfect for modern family living and entertaining guests. The kitchen is a chef's dream, featuring stainless steel appliances, beautiful granite countertops, a generous island w breakfast bar and 42in shaker cabinets. 👨🍳
The first floor features three bedrooms and two bathrooms, including the luxurious master suite, complete with a spa-like ensuite bathroom, dual vanities, and a large walk-in closet. 🪞
Upstairs extra living and bedroom with bath. Upgrades are abundant throughout this elegant home, including luxury vinyl flooring, energy-efficient windows and recessed lighting. 🪴
The huge corner lot allows for an oasis for outdoor entertaining, play, or relaxation, with an oversized driveway. Don't miss the opportunity to make this exquisite property your forever home. $5000 BUY RATE DOWN!!
Open house this weekend!
7 Oak Run Court Mansfield, TX 76063
Join us this weekend to see this incredible home! April 29th from 1-3pm
SELLERS OFFERING $5000 CLOSING CONCESSION
Welcome to this gorgeous, ONE-OF-A-KIND home, the largest lot on the Cul-De-Sac, sitting on nearly a full acre with 5 bedrooms & 5 total baths in the terrific Mansfield School District.
The lower level boasts a kitchen (remodeled >4 yrs) with custom cabinetry, a built-in KitchenAid fridge, granite countertops, and Thermador double ovens.
You’ll enjoy the main living area wired with surround sound, a wet bar + 65’ flat screen, full Intercom.
Step into the massive master suite and ensuite bathroom that includes a walk-in, dual-head oversized shower, garden tub, and separate vanities.
Two additional rooms on the floor for an office and formal dining area. The upstairs features 2nd, 3rd, 4th, and 5th rooms +massive attic space. Central vacuum system throughout the house.
The backyard features a built-in grill, a huge basketball courtyard (15 cars can fit!), and a saltwater pool (Retiled Nov '22) + 400 Sq. Ft bonus house with a full bath!!
Local News
Cowtown Burger Showdown
This Sunday April 30th from 1-5pm
River Ranch Stockyards is proud to present the Second Annual Cowtown Burger Showdown. Find out who cooks up the Best Burger in North Texas at this family-friendly event!
A portion of the proceeds from this event will benefit the Rivertree Academy, a Texas-based 501(c)3 nonprofit school. Rivertree Academy's goal is to create agents of change in their communities by teaching them to Learn, Love, Work, and Lead well.
Real Estate News
The Three Factors Affecting Home Affordability Today
There’s been a lot of focus on higher mortgage rates and how they’re creating affordability challenges for today’s homebuyers. It’s true that rates climbed dramatically since the record-low we saw during the pandemic. But home affordability is based on more than just mortgage rates – it’s determined by a combination of mortgage rates, home prices, and wages.
Considering how each one of these factors is changing gives you the full picture of home affordability today. Here’s the latest.
1. Mortgage Rates
While mortgage rates are higher than they were a year ago, they’ve hovered primarily between 6% and 7% for nearly eight months now (see graph below):
As the graph shows, mortgage rates have experienced some volatility during that time. And even a small change in mortgage rates impacts your purchasing power. That’s why it’s so important to lean on your team of real estate professionals for expert advice to stay up to date on what’s happening in the market. While it’s hard to project where mortgage rates will go from here, many experts agree they’ll likely continue to remain around 6%-7% in the immediate future.
2. Home Prices
Over the past few years, home prices appreciated rapidly as the record-low mortgage rates we saw during the pandemic led to a surge in buyer demand. The heightened buyer demand happened while the supply of homes for sale was at record lows, and that imbalance put upward pressure on home prices. However, today’s higher mortgage rates have slowed down price appreciation.
And, the truth is, home price appreciation varies by market. Some areas are seeing slight declines while others have prices that are climbing. As Selma Hepp, Chief Economist at CoreLogic, explains:
“The divergence in home price changes across the U.S. reflects a tale of two housing markets. Declines in the West are due to the tech industry slowdown and a severe lack of affordability after decades of undersupply. The consistent gains in the Southeast and South reflect strong job markets, in-migration patterns and relative affordability due to new home construction.”
To find out what’s happening with prices in your local market, reach out to a trusted real estate agent.
3. Wages
The most positive factor in affordability right now is rising income. The graph below uses data from the Bureau of Labor Statistics (BLS) to show how wages have grown over time:
Higher wages improve affordability because they reduce the percentage of your income it takes to pay your mortgage since you don’t have to put as much of your paycheck toward your monthly housing cost.
Home affordability comes down to a combination of rates, prices, and wages. If you have questions or want to learn more, reach out to a real estate professional who can explain what’s happening locally and how these factors work together.
Bottom Line
If you’re planning to buy a home, knowing the key factors that impact affordability is important so you can make an informed decision. To stay up to date on the latest on each, connect with one of our trusted real estate professionals today.
