My Blog

Why You Shouldn't Price Your House Based on Zillow

6/19/2026

Why You Shouldn’t Price Your Home Based on Zillow

Zillow’s Zestimate is an automated estimate based on public data and algorithms. It doesn’t know the actual condition of your home, recent upgrades, unique features, lot characteristics, or current buyer demand in your neighborhood.

A Zestimate can be thousands—even tens of thousands—of dollars off because it can’t account for:

  • Recent renovations or deferred maintenance
  • Interior condition and layout
  • Location within the neighborhood
  • Current market trends and buyer activity
  • Comparable homes that have recently sold but haven’t fully impacted the algorithm yet

Pricing too high because of a Zestimate can lead to fewer showings, longer days on market, and ultimately a lower sale price. The best way to determine value is through a detailed market analysis performed by a local real estate professional who understands the neighborhood and current market conditions.

A Zestimate is a starting point—not a pricing strategy.

What Falling Housing Starts Mean For North Texas

6/17/2026
What Falling Housing Starts Mean for Richardson, Dallas, Plano, McKinney & Frisco Real Estate | Ebby Halliday Realtors

If you've been watching homes for sale in Richardson, Frisco, Plano, McKinney, or Dallas, you've likely seen the national headlines: new construction has slowed sharply. In May, U.S. housing starts fell more than 15% to their lowest level in six years, with apartment and condo groundbreakings down roughly 40%. Single-family construction held up far better, slipping less than 2%. As an Associate Broker with Ebby Halliday Realtors, I want to break down what this national shift really means for those of us buying and selling here in North Texas.

Why Builders Are Pulling Back

The slowdown comes from a familiar mix of pressures: elevated mortgage rates, ongoing home affordability challenges, flat incomes, and broader economic uncertainty. Builders are hesitant to break ground when buyer demand feels uncertain. National builder sentiment recently dropped to levels not seen since the early 2010s, and many are now leaning on price cuts and incentives to keep deals moving.

For buyers shopping new construction homes in Frisco, McKinney, and Plano, that builder caution is actually a real opportunity. Fewer new starts can tighten future inventory, but the incentives builders are offering right now — rate buydowns, closing-cost help, and price reductions — can make new homes in Collin County and the Dallas area more attainable than they've been in a while.

The Single-Family vs. Multifamily Split

One of the biggest stories in the data is the gap between housing types. Multifamily construction plunged, while single-family building barely moved. That matters here, where demand for single-family homes in Richardson, Frisco, Plano, McKinney, and Dallas continues to anchor the market. If you're weighing a home purchase against a condo or apartment lease, the long-term supply picture still strongly favors single-family ownership across the Dallas-Fort Worth metroplex.

What This Means for Local Buyers and Sellers

Economists expect housing starts to move sideways before potentially rebounding later this year, especially if mortgage rates drop in response to easing inflation. For buyers searching the Richardson, Plano, McKinney, and Frisco housing markets, that points to a window worth watching. Locking in a home while builders are still offering concessions — and before any rate-driven jump in competition — could be a smart move.

For sellers, slower new construction can be good news. When fewer brand-new homes hit the market, well-priced resale homes in Richardson, Dallas, Plano, McKinney, and Frisco become even more appealing to buyers who don't want to wait on a build. If you've been thinking about selling your home in Richardson or anywhere across North Texas, current conditions may be working in your favor.

The Bottom Line for Dallas-Area Real Estate

National headlines about a six-year low in housing starts can sound alarming, but Dallas, Plano, McKinney, and Frisco remain among the most resilient and fast-growing real estate markets in the country. Strong job growth, steady population gains, and relentless demand for homes in the Dallas-Fort Worth area keep our region far ahead of much of the nation.

Whether you're searching for your first home in Richardson, upgrading to a larger property in Frisco, Plano or McKinney, or ready to list your Dallas home, understanding these trends helps you move with confidence.

Let's Talk About Your Goals

As an Associate Broker with Ebby Halliday Realtors, I help buyers and sellers across Richardson, Dallas, Plano, McKinney, and Frisco make smart, well-timed real estate decisions. If you'd like a personalized look at what's happening in your specific neighborhood, reach out today — let's create a plan that fits your goals.

Robin Pampillonia-Hunt,  Ebby Halliday Realtors,  469-831-8044, robinpampilloniahunt.ebby.com

  

Spend Smart

6/13/2026
Before you spend $20,000 updating your house — stop. Most homeowners overpay because they skip three simple steps. First, get at least three contractor bids — prices can vary by thousands. Second, prioritize ROI: kitchens and bathrooms return the most value. Third, check for hidden issues like water damage or outdated wiring before cosmetic upgrades — or you'll pay twice. A little research now can save you tens of thousands. 

Tips on what to do right after closing

6/3/2026

If you own a home or just closed on your new home (congratulations btw) you need to do these things NOW!!  These tips Can save you thousands and protect your home.

These aren't the fun parts of buying a home, I know. But trust me, doing them right away means you can actually relax and enjoy your new place without any surprises.

First thing you need to do, change the locks. Like, today. You have no idea who has a copy of those keys. The previous owners, their cousins, their dog walker... change them!

Add one principle payment per year.  You can do this by simply taking the amount of your monthly payment and dividing by 12.  Add this small amount to your mortgage payment every month. That small change can cut up to 5 years off your mortgage and save thousands in interest.

Shop your insurance and utilities YEARLY.  All of them.  They can all fluctuate yearly.  Often times there are specials going on you can tap in to.

Next, replace your smoke detectors yearly!!! The newer units are better and can give you more piece of mind.

Next, and this one is critical here in North Texas….swap you’re a/c filters every 3 months.  Set a reminder on your calendar and make it easy.  This easily save you more life on your units and save you so much money.  The heat beats our units and if your filter is clogged, you will be calling the repairman often.

So important!!!! Locate your water and gas shut off for the house!!!!!!  It’s in the inspection.  Trust me, in the middle of the night when it’s below freezing and your water pipes burst under your sink, in the attic, or inside the wall from an exterior faucet, you will be able to go directly to the shut off and save your home in minutes!!!!

Bonus and final tip, hose bib covers and gutter extenders prevent expensive damage. 

Please do these things as a homeowner!!!!! And if you ever have real estate questions, you know where to find me!"

 

What Every Buyer and Seller Needs to Know Right Now

5/22/2026

Is 2026 Finally the Year the Housing Market Turns a Corner?

What Every Buyer and Seller Needs to Know Right Now


After a few years of high rates, limited inventory, and affordability challenges that left many buyers and sellers on the sidelines, the 2026 housing market is showing real signs of shifting. It's not a dramatic overnight change — but for those paying attention, the momentum is building. Whether you're thinking about buying your first home, upsizing, downsizing, or simply curious about where the market is headed, here's what's happening right now and what it means for you.


Mortgage Rates Are Easing — But Don't Wait for a Big Drop

One of the most closely watched factors in real estate right now is mortgage rates. The good news: rates have come down from their recent highs. Realtor.com forecasts the average 30-year fixed mortgage rate will hold near 6.3% in 2026, down from a 6.6% average in 2025. Wells Fargo's economic group projects rates could dip as low as 6.14% on average this year.

That may not sound like a huge difference, but it adds up. Lower rates mean larger budgets for buyers and more manageable monthly payments — and analysts note that even a one percentage-point drop in mortgage rates can bring roughly 5.5 million additional households into the market, including about 1.6 million potential first-time buyers.

The takeaway: Don't hold out for a return to 3% rates — top economists say that's unlikely. The buyers who move now while rates are easing, before more competition enters the market, are likely to be in the strongest position.


Home Prices Are Rising Modestly — Not Skyrocketing

Home prices are still climbing, but at a much more measured pace than during the pandemic years. Here's what major forecasters are predicting for 2026:

  • NAR: Median home price up 4%
  • Realtor.com: Existing home prices up 2.2%
  • Fannie Mae: Home prices up 3.2%

What makes this year different is that even as prices inch higher, homes are becoming more affordable in real terms. That's because rates are falling faster than prices are rising, which means monthly payments are actually coming down for buyers financing their purchase. In fact, Realtor.com projects the typical mortgage payment as a share of income will drop below 30% for the first time since 2022 — a meaningful milestone for affordability.

The takeaway: Sellers can still expect solid appreciation on their home's value, while buyers will find that their purchasing power is quietly improving even if list prices look high.


Inventory Is Growing — Finally

For years, the lack of available homes has been one of the biggest frustrations for buyers. That is starting to change. Active listings are expected to grow nearly 9% in 2026, giving buyers more options than they've had in quite some time.

Part of what's driving this shift is the loosening of the "lock-in effect" — the phenomenon where homeowners with ultra-low mortgage rates from 2020–2021 felt trapped in their homes because selling meant taking on a much higher rate for their next purchase. As rates gradually decline, more of those homeowners are becoming willing sellers, which is adding much-needed supply to the market.

That said, inventory is not uniform across the country. The South and West — including markets like Texas and Florida — have seen stronger construction activity and are more balanced. The Northeast and Midwest continue to lag, with inventory still below pre-pandemic norms and prices continuing to climb in those regions.

The takeaway: Buyers will have more to choose from in 2026, but quality homes in desirable neighborhoods are still moving fast. Sellers in low-inventory markets remain in a strong position.


It's a Tale of Two Markets: Price Points Matter

One of the most important nuances in today's market is that it is not behaving the same way at every price point. According to NAR Chief Economist Lawrence Yun, the upper end of the market — particularly homes in the $750,000 to $1 million range — has seen some of the strongest sales activity, fueled by robust equity, strong financial markets, and motivated move-up buyers.

At the lower end of the market, inventory remains constrained and competition among buyers stays intense, particularly for first-time buyers. However, the 2026 increase in the conventional loan limit to $832,750 does open the door for more buyers to access financing at competitive rates without jumping to a jumbo loan.

The takeaway: Your strategy should reflect your specific price range and local market — what's true nationally may not be true in your neighborhood. This is exactly where working with a knowledgeable local agent makes the biggest difference.


What This Means If You're Selling

Sellers still hold leverage in most markets, particularly for well-maintained, move-in-ready homes. Today's buyers are discerning — they will move quickly on the right home and walk away from listings with deferred maintenance or cosmetic issues. Pricing correctly from the start and presenting your home at its best are more critical than ever.

With more inventory entering the market throughout the year, the window to sell with minimal competition may be shorter than sellers expect. If you've been thinking about listing, the spring and early summer season remains historically the strongest time to attract serious buyers.


What This Means If You're Buying

If you've been waiting for the "perfect" moment, 2026 may be as close as it gets in the near term. Affordability is improving, inventory is rising, and getting pre-approved before you start your search puts you in a position to move with confidence when the right home comes along. In competitive situations, speed and preparation are everything.


The Bottom Line

The 2026 housing market is not a boom, and it's not a bust — it's a market in transition. Rates are easing, prices are stable, inventory is improving, and both buyers and sellers who approach this year with clear goals and the right guidance are positioned to succeed.

If you're ready to take your next step — whether buying, selling, or simply exploring your options — reach out today. The market is moving, and having an experienced professional in your corner makes all the difference.


Have questions about how the current market affects your specific situation? Contact us — we're here to help.

Iran and Your Mortgage

5/7/2026

Oil Shocks, Iran, and Your Mortgage: What Today's Headlines Mean for the Housing Market

If you've refreshed your favorite real estate app lately, you've probably noticed something unsettling: the rate quote you got two weeks ago has quietly crept higher. As of today, May 7, 2026, the average 30-year fixed mortgage sits at roughly 6.37% — the highest level in a month. The culprit isn't the Fed or a surprise jobs report. It's a barrel of oil halfway around the world.

The Iran-Oil-Mortgage Pipeline

The ongoing U.S.-Iran conflict has kept Brent and WTI crude elevated for weeks. Higher oil pushes inflation expectations up, which pushes 10-year Treasury yields up, which flows straight into your mortgage rate sheet.

A move from 6.10% to 6.37% on a $400,000 loan adds about $70 per month — more than $25,000 over the life of the loan. Multiply that across millions of would-be buyers and you get today's headline: first-time buyers are dropping out in measurable numbers.

The "Stuck in Place" Economy

A new report this week found that 48% of Americans who planned to move in the next year are now hitting pause. The reasons are familiar:

Existing owners locked in 3% pandemic mortgages refuse to trade them for 6.37%. Sellers can't become buyers without a payment shock, so listings stay scarce. Buyers face high prices AND high rates at the same time — a combo we haven't seen in a generation. Builders, sensing softer demand, are pulling back on new starts in some metros.

This is housing market inertia, and it ripples beyond real estate. Moving drives spending on furniture, appliances, renovations, and services. When America stops moving, the whole economy feels it.

But Wait — Prices Are Still Rising?

Here's the paradox. Even with rates climbing and buyers retreating, the National Association of Realtors just reported home prices rose in 71% of U.S. metros in Q1 2026.

How? Inventory. Supply is technically returning, but it's still well below the long-term average, and demand — though softer — keeps outpacing it. Add demographic tailwinds (millennials and older Gen Z forming households at scale) and you get sticky prices even in a high-rate world.

The result: the worst of both worlds for entry-level buyers. Rates that punish the monthly payment and prices that punish the down payment.

Regional Divergence

Zoom out and the national numbers hide a fascinating split. The Sun Belt — Austin, Tampa, Phoenix, parts of Florida — is finally seeing real corrections after years of pandemic exuberance. Inventory has ballooned, insurance costs have spiked, and migration has cooled.

Meanwhile, the Rust Belt is having a moment. Cleveland, Pittsburgh, Buffalo, and Milwaukee are posting some of the strongest year-over-year price gains in the country, fueled by affordability and tight new construction.

Geography may matter more than timing right now.

What This Means for You

Buyers: Don't try to perfectly time rates. "Marry the house, date the rate" still applies — you can refinance later. But run the numbers honestly and get pre-approved before you fall for a listing.

Sellers: Pricing discipline is back. Homes priced right and shown well still move quickly; everything else lingers. Trust your agent on comps, not your neighbor who sold in 2022.

Current owners: If you locked in a low rate, that loan may be the most valuable financial asset of your life. Think twice before a cash-out refi at today's rates — a HELOC may be the smarter tool for renovations or debt payoff.

The Wild Card

Geopolitics could change everything overnight. A Middle East de-escalation could send oil tumbling, drag yields lower, and pull mortgage rates back into the high 5s within weeks — unlocking pent-up demand faster than supply can respond, which would push prices up again.

The opposite is equally possible. A wider conflict could push oil higher, drag rates toward 7%, and freeze the market further.

For housing right now, the path forward runs through the Strait of Hormuz as much as through the Federal Reserve.

The Bottom Line

The housing market is no longer a story about supply and demand alone. It's a story about global energy markets, foreign policy, bond traders, locked-in homeowners, and a generation of first-time buyers waiting for a window to open.

That window may come soon. But it won't come on a predictable schedule, and it won't favor the unprepared. Know your numbers, know your local market, and be ready to move when conditions shift — because in this environment, they can shift overnight.


 

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Why new houses cheaper than existing ones

5/6/2026

New homes have become consistently cheaper than existing ones

The Great Flip: Why New Homes Are Now Cheaper Than Existing Ones

For decades, conventional wisdom in real estate held that a brand-new home commanded a premium over a pre-owned one. Fresh paint, modern layouts, and never-lived-in finishes were always worth a little extra. But something unusual is happening in today's housing market, and savvy buyers are taking notice.

New homes are now selling for less than existing homes — and this isn't a one-off blip. It's becoming the new normal.

Key Takeaways

  • Prices for new homes are now lower than those for existing homes, a reversal of typical market behavior.
  • The swap results from freebies and discounts builders can offer that resale sellers typically can't match.
  • Ongoing price reductions and incentives from major builders are expected to continue.

The Affordability Squeeze That Started It All

To understand why this flip is happening, we need to look at how we got here. Home prices have climbed a staggering 53% since 2019 — more than double the increase in median household income over that same period, according to the National Association of Home Builders (NAHB). That gap has created a serious affordability crunch for both current and potential buyers.

During the pandemic, ultra-low mortgage rates masked the problem. Buyers could stretch their budgets because monthly payments stayed manageable, even as sticker prices soared. But once rates climbed back up, the math stopped working. Suddenly, buyers became laser-focused on price, and the affordability gap was impossible to ignore.

Why Builders Hold the Cards

Here's where the market dynamic gets interesting. Resale homeowners are limited in what they can offer to sweeten a deal — most are just trying to get top dollar to roll into their next home. Homebuilders, on the other hand, have a whole toolkit of incentives at their disposal, and they can deploy them consistently and at scale.

These aren't small perks, either. Builders are offering:

  • Mortgage rate buydowns that lower a buyer's monthly payment for years
  • Closing cost coverage that can save thousands at signing
  • Free upgrades on finishes, appliances, and design features
  • Direct price discounts off the listed sales price

According to the NAHB Housing Market Index, 60% of builders are currently offering sales incentives — essentially free cash deployed in creative ways to bring down the effective cost of buying. And the share of builders offering each of these specific perks has grown in recent years, signaling that incentives have shifted from "nice to have" to "must have" in today's market.

The Numbers Tell the Story

A Homes.com analysis of data from the U.S. Census Bureau and the National Association of Realtors paints a clear picture. In the fourth quarter, new homes sold at a median price of $405,300, while existing homes sold at $414,933 — a difference of $9,633, or roughly 2.35%.

That's not a rounding error. That's a meaningful gap, and it's especially striking when you remember that new construction historically sold at a premium.

Zoom out further, and the trend gets even clearer: new home prices have dipped below resale prices in five of the past seven quarters, starting in Q2 of 2024. What looked like an anomaly two years ago has become a consistent pattern.

It's also worth noting that headline prices don't tell the full story. Much of the real value buyers are getting from builders comes through incentives that reduce the true cost of ownership without showing up in the listed sale price. So the actual savings can be even bigger than the median figures suggest.

Big Builders Are Doubling Down

The country's largest homebuilder by volume, D.R. Horton, recently reported an average home sale price of $361,600 — a 3% drop from the previous year. And on recent earnings calls, the company has signaled that more price reductions and incentives are coming.

Why is my house not selling?

5/5/2026

Why Isn’t My Home Selling in the Dallas Market?

If your home is listed in the Dallas area and it is not getting showings, offers, or serious buyer activity, it is natural to ask: “What is wrong with the market?”

But that may not be the best question.

The better question is:

“What is the market telling us?”

Today’s Dallas-area buyers are informed, cautious, and comparison-driven. They are watching interest rates, monthly payments, inventory, price reductions, and competing listings. They are not just deciding whether they like your home. They are deciding whether your home feels like the best value compared to everything else available.

And in a market with more choices, buyers do not have to talk themselves into a home. They simply move on to the next one.

The Dallas Market Has Changed

The Dallas-Fort Worth market is not the same market sellers experienced a few years ago. Buyers have more options, affordability is still a challenge, and sellers are facing more pricing pressure. MetroTex noted that 2026 opened with rising seller activity, elevated inventory, and persistent pricing pressure tied to affordability challenges.

That does not mean homes are not selling.

It means buyers are more selective.

A well-priced, well-presented home can still attract attention. But a home that feels even slightly overpriced, dated, difficult to show, poorly marketed, or misaligned with buyer expectations may sit longer than expected.

The Market Gives Feedback Quickly

When a home is not selling, the market usually gives feedback in one of three ways:

1. Few or no showings
This often means buyers are rejecting the home online before they ever step inside. That can point to price, photos, presentation, location, condition, or competition.

2. Showings but no offers
This usually means buyers are interested enough to visit, but something is stopping them from moving forward. It may be condition, layout, updates needed, objections from the showing, or a stronger competing property.

3. Offers that are lower than expected
This is market feedback, too. Buyers may like the home, but not at the current price or terms.

The key is not to take the feedback personally. The goal is to interpret it strategically.

Buyers Are Comparing Your Home Against Everything

Today’s buyer is not looking at your home in isolation.

They are comparing:

  • Your price versus recent comparable sales
  • Your condition versus other active listings
  • Your photos versus homes that look more updated online
  • Your monthly payment versus their comfort level
  • Your location, layout, and updates versus competing choices
  • Your days on market and price history

Price reductions are also part of the current landscape. Federal Reserve Economic Data shows the Dallas-Fort Worth-Arlington area had 11,336 price-reduced listings in April 2026, up from 9,908 in March and 6,132 in January.

That does not mean every seller needs to panic. It does mean pricing strategy matters more than ever.

The First Showing Happens Online

Before a buyer ever schedules an appointment, they have already judged your home online.

They have looked at the photos, the price, the map, the room sizes, the updates, the description, and the competition.

If the online presentation does not create urgency, buyers may never come through the door.

This is why professional photography, strong positioning, clear property descriptions, staging, decluttering, lighting, and first impressions matter. In today’s market, presentation is not fluff. It is part of the pricing conversation.

A buyer may forgive one issue. They may not forgive five.

Sometimes the Price Is the Problem

This is the hardest part for many sellers.

A home can be beautiful, loved, improved, and well-maintained — and still be overpriced for the current buyer pool.

The market does not price a home based on what the seller wants to net. It does not price based on what the neighbor got two years ago. It does not price based on what was spent on improvements.

The market responds to what buyers are willing to pay today.

If your home has had strong exposure but little activity, the buyer pool may be telling you the price is not compelling enough. If there are showings but no offers, buyers may be saying the home is close, but not quite aligned with their expectations.

Condition Matters More When Buyers Have Choices

When inventory is tight, buyers may overlook more. When buyers have more options, condition becomes a bigger deal.

That does not always mean a seller needs a major renovation. Sometimes small improvements make a big difference:

Fresh paint
Better lighting
Updated hardware
Deep cleaning
Improved curb appeal
Decluttering
Staging or furniture edits
Neutralizing bold design choices
Addressing obvious repairs

Buyers are already dealing with higher payments, insurance costs, taxes, and moving expenses. Many do not want to immediately take on projects unless the price reflects it.

The Right Strategy Depends on the Feedback

There is no one-size-fits-all answer to why a home is not selling.

The right next move depends on the data.

A smart review should include:

Recent comparable sales
Current active competition
Pending sales
Days on market
Showing activity
Online views and saves
Buyer and agent feedback
Price reduction trends
Condition and presentation
How your home compares in its specific price range

The question is not just, “Should we reduce the price?”

The better question is:

“What adjustment will make this home more compelling to today’s buyer?”

Sometimes that is price. Sometimes it is presentation. Sometimes it is access. Sometimes it is marketing. Often, it is a combination.

Final Thought

If your Dallas-area home is not selling, it does not automatically mean the market is bad.

It means the market is speaking.

The sellers who succeed are the ones who listen early, adjust strategically, and position their home as one of the best options available — not just another listing sitting online.

Before asking, “Why isn’t my home selling?”

Ask this instead:

“If I were a buyer today, would I choose my home over the competition?”

That answer is usually where the real strategy begins

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