Off the Market
One of the most elegant lake access communities in all of Azle has some new neighbors!
Under Contract
Large Shade Trees Abound! This singlewide is a 3 bedroom, 2 full bath home with a large living area and elevated dining room space on over a THIRD ACRE. Large front covered patio on the front of the home with a smaller covered patio on the back where you can enjoy the peacefulness of a huge 100yr old oak shade tree.
The Grinch will steal the show as Gaylord Texan Grapevine's 2023 ICE! theme
The Grinch won't steal Christmas spirit in Grapevine this year (as if anything could?). The Dr. Seuss classic How the Grinch Stole Christmas will be the theme of the Gaylord Texan's 2023 ICE! holiday walk-through attraction, running November 10-December 31.
According to a release, 30 world-class ice artisans from Harbin, China will use more than 2 million pounds - or 1,000 tons - of ice to create the world of "Who-ville." It will feature 10 scenes and key characters from the beloved story, including The Grinch, his dog Max, Cindy-Lou, and many festive Whos.
Massive BBQ festival with top pitmasters to hit Arlington stadium in fall
The Q BBQ Fest is a weekend-long celebration of award-winning cuisine, local music, BBQ tutorials & demonstrations, plus games and activities.
The family-friendly festival also hosts events in other cities including Kansas City and Denver. They're all held at NFL stadiums, bringing pitmasters from throughout the country to dish out smoked meats. Who those pitmasters will be at the Arlington event, they do not say; the 2023 lineup is still "TBA." In 2022, it included names such as Mike Perez (Loro) and Brandon Hurtado (Hurtado Barbecue).
Molson Coors Field Marketing manager Paul Stiff says in a statement that "earlier this summer, we released our very own beer-infused charcoal for backyard pitmasters across the country. Now, we’re excited to switch gears and give Dallas-Fort Worth locals a chance to try the best in barbecue from all 50 states at the Miller Lite House."
The event is produced in partnership with Dallas Cowboys and Miller Lite by Eximius Productions, who started the festival in their hometown St. Louis. It came to Dallas-Fort Worth for the first time in 2022.
"We launched Q BBQ Fest in 2015, and knew we’d build something special in the BBQ Capital of the World," says owner/CEO Brian Wahby. "We love smoking meat and putting smiles on people’s faces."
Real Estate News
Don’t Fall for the Next Shocking Headlines About Home Prices
Many homeowners thinking about selling have two key things holding them back. That’s feeling locked in by today’s higher mortgage rates and worrying they won’t be able to find something to buy while supply is so low. Let’s dive into each challenge and give you some helpful advice on how to overcome these obstacles.
Challenge #1: The Reluctance to Take on a Higher Mortgage Rate
According to the Federal Housing Finance Agency (FHFA), the average interest rate for current homeowners with mortgages is less than 4% (see graph below):
But today, the typical 30-year fixed mortgage rate offered to buyers is closer to 7%. As a result, many homeowners are opting to stay put instead of moving to another home with a higher borrowing cost. This is a situation known as the mortgage rate lock-in effect.
The Advice: Waiting May Not Pay Off
While experts project mortgage rates will gradually fall this year as inflation cools, that doesn’t necessarily mean you should wait to sell. Mortgage rates are notoriously hard to predict. And, right now home prices are back on the rise. If you move now, you’ll at least beat rising home prices when you buy your next home. And, if experts are right and rates fall, you can always refinance later if that happens.
Challenge #2: The Fear of Not Finding Something to Buy
When so many homeowners are reluctant to take on a higher rate, fewer homes are going to come onto the market. That’s going to keep inventory low. As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), explains:
“Inventory will remain tight in the coming months and even for the next couple of years. Some homeowners are unwilling to trade up or trade down after locking in historically-low mortgage rates in recent years.”
Even though you know this limited housing supply helps your house stand out to eager buyers, it may also make you feel hesitant to sell because you don’t want to struggle to find something to purchase.
The Advice: Broaden Your Search
If fear you won’t be able to find your next home is the primary thing holding you back, remember to consider all your options. Looking at all housing types including condos, townhouses, and even newly built homes can help give you more to choose from. Plus, if you’re able to work fully remote or hybrid, you may be able to consider areas you hadn’t previously searched. If you can look further from your place of work, you may have more affordable options.
Bottom Line
Instead of focusing on the challenges, focus on what you can control. Reach out to one of our local agents so you’re working with a professional who has the experience to navigate these waters and find the perfect home for you.