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𝗖𝘆𝗽𝗿𝗲𝘀𝘀, 𝗧𝗫 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗦𝘁𝗮𝘁𝘀 𝗳𝗼𝗿 𝗠𝗮𝘆 𝟮𝟬𝟮𝟮 (𝟳𝟳𝟰𝟯𝟯 & 𝟳𝟳𝟰𝟮𝟵)

Number of Sold Properties, Days to Sell, Average Sale Price, and Active Listings of re-sale homes as reported by HAR.com.

 These statistics include the following communities in 77433:2

 Ashton Woods Barker Lake
Blackhorse Ranch Bridge Creek
Bridgeland Canyon Lakes West
Cypress Creek Lakes Dunham Pointe
Fairfield Lakes of Fairhaven
Marvida Miramesa
Park Creek Towne Lake
 Westgate

And, these communities in 77429:3

Coles Crossing Cypress Mill
Cypress Point Bridge Creek
Bridgeland Canyon Lakes West
Cypress Creek Lakes Hidden Arbor
Lakes of Rosehill Lakes on Eldridge
Lakewood Forest Longwood Village
Park At Arbordale Ravensway
Rock Creek Stablegate
Stablewood Farms Sydney Harbour
Villages of Cypress Lakes

Want more detailed information? Let’s talk…

#cypressrealestate #jessicaharlessrealtor

Real Estate Recession | Homes Sold By Jessica Harless | NextHome Realty Center

The One Thing Every Homeowner Needs To Know About a Recession 

A recession does not equal a housing crisis. That’s the one thing that every homeowner today needs to know. Everywhere you look, experts are warning we could be heading toward a recession, and if true, an economic slowdown doesn’t mean homes will lose value.

The National Bureau of Economic Research (NBER) defines a recession this way:

“A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and other indicators. A recession begins when the economy reaches a peak of economic activity and ends when the economy reaches its trough. Between trough and peak, the economy is in an expansion.”

To help show that home prices don’t fall every time there’s a recession, take a look at the historical data. There have been six recessions in this country over the past four decades. As the graph below shows, looking at the recessions going all the way back to the 1980s, home prices appreciated four times and depreciated only two times. So, historically, there’s proof that when the economy slows down, it doesn’t mean home values will fall or depreciate.

The One Thing Every Homeowner Needs To Know About a Recession | Simplifying The Market

The first occasion on the graph when home values depreciated was in the early 1990s when home prices dropped by less than 2%. It happened again during the housing crisis in 2008 when home values declined by almost 20%. Most people vividly remember the housing crisis in 2008 and think if we were to fall into a recession that we’d repeat what happened then. But this housing market isn’t a bubble that’s about to burst. The fundamentals are very different today than they were in 2008. So, we shouldn’t assume we’re heading down the same path.

Bottom Line

We’re not in a recession in this country, but if one is coming, it doesn’t mean homes will lose value. History proves a recession doesn’t equal a housing crisis.

Keeping Current Matters  Thursday May 19th, 2022   s

Homes Sold By Jessica Harless | NextHome Realty Center

Your House Could Be Closer to List-Ready Than You Think

One of the biggest concerns for a homeowner looking to sell is the time they’ll have to put in before listing their house. If that’s the case for you, you should know – your home might be closer to list-ready than you think in today’s housing market. A survey of recent sellers from realtor.com finds that many were able to get their house ready in less than a month. It says:

“With many homeowners expecting a quick sale, and in many cases a lack of contingencies, the preparation process took less than a month for over 50% of home sellers this past year, with 20% completing it in less than two weeks.

Those sellers expecting to sell quickly are following recent buyer trends. With mortgage rates and home prices rising, buyers in today’s market are serious about finding a home quickly. But with the limited number of homes for sale, there are very few options for those buyers to choose from. That means many may be willing to take on projects after they purchase.

Because of this, you may be able to focus on less time-consuming tasks before putting your house on the market. According to the survey mentioned above, some of the top things recent sellers completed before listing over the past year include landscaping, making minor cosmetic updates, and touching-up paint (see image below):

Your House Could Be Closer to List-Ready Than You Think | Simplifying The MarketA Real Estate Advisor Will Help Streamline the Process and Keep You Focused

Of course, each situation is different and knowing what repairs or updates your house needs to stand out in your local area is critical. That’s where a trusted real estate professional comes in. In a recent article, NextAdvisor explains:

“. . . Real estate can be hyper-local, and demand can vary from one neighborhood to the next. It’s a good idea to work with a local real estate professional to determine an ideal listing price and if any improvements or repairs need to be completed before putting your home on the market.”

Your trusted real estate advisor knows the ins and outs of the market in your specific area. They’ll help you identify the places where you should and shouldn’t spend your time and money – and that can enable you to list quickly.

Bottom Line

If you’re ready to take advantage of the incredible conditions for sellers in today’s real estate market but are worried about the time it’ll take to get your home ready, you might be closer than you think. Let’s connect so you can see what you need to do before listing your house today.

Keeping Current Matters 5/2022 |  For SellersSelling Myths

Family Meetings

4 MEETINGS EVERY FAMILY OUGHT TO HAVE

 Posted Courtesy of Russell Rhodes SWBC Mortgage

 An unexpected crisis draws families together–it’s almost inevitable. But families should also meet regularly to discuss important topics, both fun and serious. These meetings give each family member the opportunity to contribute and be invested in outcomes that consider everyone’s needs. They make your family stronger, happier, and more harmonious. They make it second nature to come together in crisis, as well as help avoid stress in more mundane matters. Here are four meetings your family should regularly have.
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Gift Giving Guidelines. Is excessive gift-giving causing strain from the desire to reciprocate? Meet on this topic with extended family members. The goal is to reduce the tsunami of gifts that come to your children on birthdays and holidays. Try meeting on this at the end of a visit. Suggest that you all put a limit on the value of gifts you exchange, or have each family member give only one gift to only one other family member. While you can’t force anyone to gift the way you’d like, you can set some limits that will keep things under control. Here are some other strategies to keep gift-giving gracious, instead of stressful.

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Family Safety. A simple conversation can save lives, so make safety issues a regular topic of discussion. Review what to do in case of a fire and agree on a place to meet outside. Decide what to do if separated during a storm, flood, or other natural disasters, and make sure all family members agree on the plan. Remind family members of home safety hazards, such as watching videos in the tub while charging your phone. Kids have more access than ever to questionable pranks they see online, so discuss the dangers these pranks can pose. Empower older kids with a plan of action if they’re home alone and accidentally start a fire, and what to do if someone has a medical emergency. Post emergency numbers in the kitchen put them on all phones, and touch base with neighbors you could call in an emergency. Because emergencies can still happen while away from home, it’s important for everyone in the family to memorize each other’s phone numbers. Remind kids if something happens when you’re not around, they must listen to a police officer or other first responder, teacher, or other adults in charge. Ask extended family members for backup contacts if you can’t reach them. By having these discussions, you’ll be better prepared if disaster strikes.

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Family Vacations. Meeting as a family to decide on a vacation is a great way to keep everyone happy. Share ideas about what a vacation means to each person, and what they think was their best vacations. Keep the focus away from where they went, but instead on how they felt there. Let everyone share the one thing they’d really like to do, then see what vacation choices could satisfy all family members. If nothing satisfies all, have each person make a list, and keep searching for the trip that checks a box for everyone. When taking a vacation with extended family members, be honest and up front about sharing your budget limit, keep in regular contact as plans are made, and be ready to compromise.

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Your Parents’ Future. Discussing the future with aging parents can be stressful, but the earlier you know their desires, the better you can plan to fulfill them. Meet with your parents to make sure they’re set for the future. Meetings can be by texts, emails, or online video conferences. First, meet with siblings, so you’re together on questions and issues. With Mom and Dad, check that they’ve written a will, appointed an executor, and created an advance healthcare directive (living will). Find out where they keep important documents and get contacts for their lawyer and financial person. See if there are any health or safety concerns, and how they plan to cover costs if they need care later on. If parents need assistance now, meet with siblings to coordinate caretaking support. By approaching these topics and discussing personal considerations and desires before choices become urgent, you and your family will save a lot of headaches and heartaches.

If you have questions about home financing or refinancing, with rates now near historical lows, please text, call or email us. We’re here to help!

Russell Rhodes
Russell Rhodes
SWBC Mortgage Corporation
Sr. Loan Officer
NMLS# 223298
26503 Oak Ridge Dr
The Woodlands, TX 77380
Direct: 832-381-2224
Cell: 713-582-6908
Fax: 1-866-275-4987
rrhodes@swbc.com
www.swbcmortgage.com/russellrhodes
Homes Sold By Jessica Harless | NextHome Realty Center

Cypress Area Place of Steak!

While it may be your own backyard – Houstonia Magazine says these are the tops when it comes to steak – the Harless family loves Pappas Bros Steakhouse!⠀
Pappas Bros. Steakhouse – Perry’s Steakhouse & Grille -⠀
Mastro’s Steakhouse – Doris Metropolitan -⠀
Killen’s Steakhouse – Taste of Texas – Steak 48 -⠀
B&B Butchers & Restaurant – Killen’s STQ⠀
Mastro’s Steakhouse – Doris Metropolitan -⠀
Killen’s Steakhouse – what’s your favorite?

Interest Rates - Jeessica Harless - One 2 Sell

The Cost of Waiting: Interest Rates Edition

Some Highlights:

  • Interest rates are projected to increase steadily heading into 2019.
  • The higher your interest rate, the more money you end up paying for your home and the higher your monthly payment will be.
  • Rates are still low right now. Don’t wait until rates hit 5% to start searching for your dream home!
Date: unknown    Event: Swimming instruction for children    Location: unknown    Photographer: unknown    Release info: no release needed

CrossNet # 30271

Water Safety – Make it a Habit

In Houston and the surrounding communities, many of us are fortunate to have a backyard pool or spa. For others the neighborhood pools offer a haven from the heat, a place to cool off and to enjoy a refreshing dip.

Unfortunately, every summer we hear news reports about drowning victims of all ages from toddlers to seniors. Many of these incidents could have been prevented if we all follow good water safety practices.

What are those practices… from the Red Cross website; I am sharing the best of best.  Visit http://www.redcross.org/prepare/disaster/water-safety for these and other helpful information –

Follow these safety tips whenever you are in, on or around water:
Make Water Safety Your Priority

  • Swim in designated areas supervised by lifeguards.
  • Always swim with a buddy; do not allow anyone to swim alone. Even at a public pool or a lifeguarded beach, use the buddy system!
  • Ensure that everyone in the family learns to swim well. Enroll in age-appropriate Red Cross water orientation and Learn-to-Swim courses.
  • Never leave a young child unattended near water and do not trust a child’s life to another child; teach children to always ask permission to go near water.
  • Have young children or inexperienced swimmers wear U.S. Coast Guard-approved life jackets around water, but do not rely on life jackets alone.
  • Establish rules for your family and enforce them without fail. For example, set limits based on each person’s ability, do not let anyone play around drains and suction fittings, and do not allow swimmers to hyperventilate before swimming under water or have breath-holding contests.
  • Even if you do not plan on swimming, be cautious around natural bodies of waterincluding ocean shoreline, rivers and lakes. Cold temperatures, currents and underwater hazards can make a fall into these bodies of water dangerous.
  • If you go boating, wear a life jacket! Most boating fatalities occur from drowning.
  • Avoid alcohol use. Alcohol impairs judgment, balance and coordination; affects swimming and diving skills; and reduces the body’s ability to stay warm.

Prevent Unsupervised Access to the Water

  • Install and use barriers around your home pool or hot tub. Safety covers and pool alarms should be added as additional layers of protection.
  • Ensure that pool barriers enclose the entire pool area, are at least 4-feet high with gates that are self-closing, self-latching and open outward, and away from the pool. The latch should be high enough to be out of a small child’s reach.
  • If you have an above-ground or inflatable pool, remove access ladders and secure the safety cover whenever the pool is not in use.
  • Remove any structures that provide access to the pool, such as outdoor furniture, climbable trees, decorative walls and playground equipment.
  • Keep toys that are not in use away from the pool and out of sight. Toys can attract young children to the pool.

Maintain Constant Supervision

  • Actively supervise kids whenever around the water—even if lifeguards are present. Do not just drop your kids off at the public pool or leave them at the beach—designate a responsible adult to supervise.
  • Always stay within arm’s reach of young children and avoid distractions when supervising children around water.

Know What to Do in an Emergency

  • If a child is missing, check the water first. Seconds count in preventing death or disability.
  • Know how and when to call 9-1-1 or the local emergency number.
  • If you own a home pool or hot tub, have appropriate equipment, such as reaching or throwing equipment, a cell phone, life jackets and a first aid kit.
  • Enroll in Red Cross home pool safety, water safety, first aid and CPR/AED courses to learn how to prevent and respond to emergencies.
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