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The Salary Needed to Afford a Home in the USA

The Salary Needed to Afford a Home in the USA

Buying a home is one of life’s biggest commitments.

Tight inventory and an industry currently in favor of the seller makes educated decision making a true necessity. To avoid getting into a debt-filled situation, please check out the minimum salary needed to afford a home in the US’s most popular cities.

The Minimum Salary You Need to Buy a Home, in 27 Cities
via www.twocents.lifehacker.com
Everyone’s situation is different. It is important to be informed before you make a huge life decision. Please check out the link below for more detailed info and an interactive map.
north texas home sales

North Texas Home Sales Dip in July for the First Time in Two Years

Has Dallas-Fort Worth’s hot housing market finally hit the ceiling?

via Dallas Morning News:

North Texas home sales were down by 2 percent in July from 2015 levels. It was the first year-over-year dip in preowned home sales in almost two years.

And pending sales for August indicate another slight drop in sales may be in the works.

The decline in sales last month didn’t put cool prices.

The median price of single-family homes sold by North Texas real estate agents was up 9 percent from July 2015, according to data from the Real Estate Center at Texas A&M University and the North Texas Real Estate Information Systems.

Even with the easing of sales, North Texas home purchases remain at near record levels.

During the first seven months of 2016, real estate agents have sold 58,865 single-family homes in the almost two dozen counties included in the month numbers. Year-to-date home sales in North Texas are up 6 percent from last year’s record.

And median home sales prices so far in 2016 are 9 percent higher than in the first seven months of last year.

With home supplies remaining tight – especially houses priced below $200,000 – buyers are having a harder time finding properties they can afford.

“I wouldn’t be surprised that with the higher house prices consumers are experiencing some sticker shock,” said Ted Wilson with Dallas-based housing analyst Residential Strategies Inc. “As prices continue to rise, they can’t keep on going like this without some pushback from buyers.

Pending but not completed home sales numbers are down 6% from 2015. Should we expect August’s home sales to also be off from 2015 levels? Stay tuned!

10 Trailblazing Apps for Realtors

Do you ever feel overwhelmed with technology? Things are always changing. The minute you understand one detail the rules change, a new disruptor enters the world and you are outdated. The struggle is real.

As realtors, it is important to not get frustrated and keep moving forward. You want to have established tools that will benefit you and allow you to grow in an increasingly global world. We have scoured the digital landscape and come up with 10 apps we will feel are both easy to use and able to keep you on the pulse of consumers’ radar.

  1. Instagram

Never forget that real estate is a VISUAL medium. Potential buyers want to SEE what their options are. They also want to be able to trust that their realtor has a personality or brand that is consistent with industry standards. Instagram is a mobile app that allows you to share both photos and videos. This content can be posted to Instagram and linked to any other social media you may have (Facebook, Twitter, Tumblr). Instagram is a perfect way to list homes which are available for sale or rent. Never turn down a free opportunity and direct source to our consumers!

Available on:  Android, iOS

Price: Free

Instagram

  1. Google Maps

Are you good with directions? Most people are not. Save your clients and yourself some time and download Google Maps. The app is a great resource when visiting potential properties. The last thing a client needs is for you to show up late or say you were lost. Google Maps will guide you to your destination without hassle or insult. Simply plug in your intended address and put the pedal to the metal!

Available on: Web, Android, iOS, Windows Phone

Price: Free

Google Maps

  1. Mortgage Calculator

It can be difficult to understand the repayment requirements a mortgage will require. Mortgage Calculator is here to help us all out! The online app has the ability to tell you what your monthly or bi-weekly mortgage payments will be based on the parameters you set. Also, your future payoff date is readily available!

Available on: Web

Price: Free

Mortgage Calculator

  1. Zillow

Zillow is an incredible tool used for property search. The app offers a great review of the real estate market and available properties. MLS numbers are included in many listings in order to make your search easier. The app also offers a mortgage calculator and property estimates.

Available on: Web, Android, iOS

Price: Free

Zillow

  1. Cam Scanner

Why wait until you are back at your office? Cam Scanner allows you the fortune of being able to scan documents directly from your mobile phone. On the go!

Available on: iOS and Android

CamScanner

  1. Sitegeist

What do you want to know? Sitegeist can tell you! The app provides details about your surrounding area including average age of residents, political contributions, average temperature, commuting trends, and popular nearby places. These may be just the facts your client needs in order to make an informed decision.

Available on: iOS and Android

Price: Free

Sitegeist

UPDATE: Sitegiest has been retired as of Fall 2015. 😞

  1. Dotloop

This app allows you to upload documents and pre-assign spaces that require signatures from your clients. Once you send the client your document, they create an account, verifies their identity, and is guided through the document – without missing any key areas that need to be filled in or signed. Signatures are e-verified and all date is encrypted and secure. Imagine how this could simplify the relationship between you and your clients!

Available on: Web, iOS

Price: Starting at $30/month

dotloop

  1. Lastpass

Remembering all of your passwords can be an immense frustration. Lastpass is here to save the day. The app saves time by allowing you to access and manage passwords wherever you are, and syncs those passwords between your devices. LastPass also can be installed as an extension to web browsers.

Available on: Android, iOS

Price: Free

LastPass

  1. Roomscan Pro

Do you have a need for custom floorplans? By simply holding your phone up against each wall, Roomscan Pro will draw floorplans to scale for you. The app claims to be accurate to within half a foot. That is pretty good! If you need to be more accurate, you have an option to manually add their your own measurements, doors and windows.

Available on: iOS

Price: Free

RoomScan-App

  1. BombBomb

Video is no longer the future, it is the present reality. Bombbomb makes it possible to send email in video format. No attachments. You have more chance of your emails being opened and responded to if a person sees an email message than the standard text. Give it a try!

Available on: Android, iOS

Price: Requires a subscription, but you can give the service a try using their 2 week trial.

RoomScan-App


Remember: Work smarter not harder. Apps are made to simply your daily life!