By Tom Branch, on November 25th, 2013 
4 Bedrooms | 4 Baths | 4131 Square Feet Per Tax | 3 Living | Study | Pool-Spa
Outstanding features in this Deerfield gem – travertine floors, grand archways, extensive crown molding, granite countertops in the gourmet kitchen, gigantic master suite & huge master bath plus a private entry to the pool & spa, built-ins in the study, 3 fireplaces, 3 car garage, covered patio, and more.
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By Tom Branch, on November 23rd, 2013 
Located in the shadow of the Baylor Medical Center at Lake Forest and US 380, this DR Horton home is ready for tenants. There are 4 bedrooms, 2.1 baths, and 2168 square feet of living space per the builder’s plan. Click on any photo for a larger view.
The open kitchen has plenty of storage space, dark cabinets, black appliances and decorative lighting.
The large living has soaring ceilings and a wall of windows overlooking the fenced backyard and patio. The home is wired for a flat-panel television above the wood-burning fire place. The staircase has oak handrails and cast iron balusters.
The master suite sits at the rear of the house. The master bath has a jetted tub, separate shower, dual vanities, and a walk-in closet.
Imagine yourself sitting on the balcony in the morning enjoying a hot cup of coffee enjoying the view of the greenbelt.
The home is within walking distance to the new McKinney Baylor Medical Center.
Video Tour of 2232 Canyon Point, McKinney, TX
Current status, pricing, details, photos and a virtual tour
Please contact us at 214-227-6626 for more information or to schedule a private showing of this home.
Photos and Video: Copyright 2011 Imaged2Sell
By Tom Branch, on November 23rd, 2013 
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By Tom Branch, on November 16th, 2013 
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By Tom Branch, on November 5th, 2013 I was talking with some potential buyers yesterday. They have been sitting on the fence for a couple of years watching the market. With rising home prices and interest rates, they now realize they missed the best time to buy.
While prices and rates are up, they still have more buying power today than at almost any time in history. And rates are only going to go up. They have to go up in order to get the private sector to invest in mortgage back securities.
Let’s take a look at a typical move-up buyer in our market. The couple makes $135,000 per year or $11,250 per month. Let’s also assume that the maximum front-end qualifying ratio is 35% or a $3937.50 monthly payment.
The chart below depicts the amount of buying power this couple has at a number of different interest rates.
As rates climb, the amount of home they can purchase decreases rapidly. A 3 percent increase in interest rate results in a 21 percent reduction in buying power. This assumes that housing prices remain stable. Rising prices over time further dilutes their buying power.
There is still time to take advantage of the historic low rates and relatively low housing prices.
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Photo: Base photo licensed from iStockPhoto
By Tom Branch, on November 1st, 2013 The housing market in Frisco, Texas continues to shine. Median home prices have climbed and are up 8 percent over the past 12 months.
At the same time prices are increasing the Months Supply of Inventory continues to drop. At the end of October there was 2.4 months of inventory. We have not seen this level since January 2007.
The Percent of Original List Price represents to amount of reductions a seller has to take to sell a property. Frisco is now seeing 96 percent of list price, a gain of 2.2 percent of last year.
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Data Source: NTREIS Trends on November 1, 2013.
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