Happy New Year to all! We hope that January has been a great start for you. As we move into 2022, The Indigo Skye Group is excited about the real estate market as we stay busy learning and mastering new trends to better serve our luxury clients. The luxury real estate market remains strong, and with the changes in mortgage rates and home prices, we are seeing more younger, money-savvy clients enter the market.
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We hope you enjoy this month's informative issue, designed to keep you up to date on what is happening in this vibrant real estate market. From the BLOG we are featuring several articles that explore the latest trends in real estate that you need to be aware of. If you are looking to refresh and REDESIGN your living spaces you definitely want to read our article on the new color trends and download the handy color guide.
Be sure to watch our FEATURED MARKET VIDEO and The REel 🎬 Take Videos that bring you video updates on our local real estate market. Other things you don't want to miss this month: Our new INDIGO LOVE that shares what our clients are saying; FEATURED PROPERTIES and Coming Soon properties that haven't hit the market yet, and in keeping with our luxury lifestyle theme, don't miss this month's FABULOUS FIND - something that every family will appreciate.
We would love to hear from you and know more about how you are doing and what some of your goals are for the new year, let us know by connecting with us on social.
Subscribe to our YouTube channel for updates and tips on the Dallas Housing Market and the challenges ahead.
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Sending huge thanks and much gratitude for your support and friendship. Please don't hesitate to reach out to us with your real estate needs and questions.
Happy 2022!
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The Indigo Skye Group at Compass provides an extensive suite of integrated offerings geared toward creating maximum exposure for luxury listings within the marketplace. Through highly immersive brand experiences in partnership with luxury brands across every industry, The Luxury Division provides unprecedented exposure to a wealth-qualified clientele and exclusive networking opportunities for leading agents across our national footprint.
Compass is also a great fit for the younger forward thinking client who is astute and looking at the budget and investment advantages of buying luxury real estate.
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What's Ahead for the
Housing Market?
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5 housing trends for 2022: What’s ahead for mortgage rates, home prices, and demographic trends?
1. Mortgage rates will (probably) rise
Mortgage rates plunged in 2020. The average rate on a 30-year loan fell to an all-time low of 2.93 percent in January 2021, according to a national survey of lenders. Nearly everyone expects mortgage rates to climb in 2022.
How will that affect home sales and prices? The answer isn’t clear, but there are past examples of housing markets booming even as mortgage rates rose.
In the 1980s, mortgage rates soared as high as 18 percent, yet Americans still bought homes. In the 1990s, rates of 8 percent to 9 percent were common, and Americans continued snapping up homes. During the housing bubble of 2004 to 2007, mortgage rates were higher than they are today.
2. Price appreciation is slowing — finally
After an intense run-up, home prices seem to be cooling at last. The median price of homes sold by Realtors soared from $280,700 in March 2020, the start of the pandemic, to $362,800 in June 2021, an increase of 29 percent. However prices have held in the $350,000 range since then.
National Association of Realtors Chief Economist Lawrence Yun says home sales will take a breather after what he calls a “spectacular” housing market in 2020 and 2021. He expects home price appreciation of 2.8 percent in 2022, down from 14.7 percent in 2021 [...]
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Elevate the Future of Life at Home with the
All-Powered Laundry
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Whoever does your laundry will agree, there is nothing more frustrating than a cramped space with outdated laundry equipment. LG offers a look into the future and we love it! Introducing the new power packed WashTower. This little guy can sense load size, fabric type, and even how soiled an item of clothing is, automatically utilizing the ideal amount of detergent and wash style for gentle care.
The new washer also employs LG's steam technology to ensure clothes always come out refreshed and clean. The Smart Pairing feature sends information from the washer to the dryer to suggest the optimal drying cycle as well. Your clothes and linens will have never looked better. Now who wouldn't want to upgrade their laundry room for one like this?!
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Featured Video:
Housing Market Insights
Happy 2022! What's ahead as we start the new year?? Find out in our Dallas Housing Market Update. Should you wait and see what happens before you make a move? What do interest rates, supply and demand mean for home prices? Learn more with the Indigo Skye Group at Compass.
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Keeping You Informed
Videos from The Indigo Skye Group
Video is THE GO-TO for staying connected, and educating ourselves. The Indigo Skye Group provides regular video updates to keep you informed on the local real estate market. And with video, searching for a home has never been easier! Subscribe to our youtube channel and don't miss an update.
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The REel Take
The new video series from The Indigo Skye Group
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Should You Wait On Buying A Home?
🎥The REel Take …
Yes, Mortgage rates will probably rise, but don't let that make you wait on buying a home...
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On The Fence About Buying A Second Home?
🎥 the REel Take….
Changes are coming in April $$$, you may want to reconsider and buy now! Contact the Indigo Skye Group before it’s too late to save money! !
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Featured Listings & Properties
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Here's a peek at our current property listings. We may also have properties that have not been made public and could be just what you are looking for! Contact The Indigo Skye Group for more details.
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SPOKEN FOR
5803 COVENHAVEN DRIVE in Dallas
Ready for your finishing touches and sitting on a large corner lot, this two story home is in desirable North Dallas with exemplary Plano schools. The first floor features multiple living areas: formal dining and living, casual dining, a vaulted living room with a wet bar, study, and Master Suite with access to the back patio. You can entertain or relax under the covered patio near the pool in the backyard. The second floor has three generously sized bedrooms with a Jack & Jill bathroom. This home has been well maintained over the years, has a great layout, and needs a few cosmetic updates. Walk to Rose Hagger Park and School! Prime location minutes to Tollway-190-121, Toyota HQ, and Shops at Legacy.
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COMING SOON
4827 BRIARGROVE LANE in North Dallas
A lovely 4 bed/3.5 bath home with a pool/spa, asking $700,000.
Contact The Indigo Skye Group for more details.
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SOLD!
By The Indigo Skye Group
4724 STONEHEARTH PLACE in Dallas
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SOLD!
By The Indigo Skye Group
5751 WATERS EDGE DRIVE in Irving
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SOLD!
By The Indigo Skye Group
303 AUBURN WAY in Coppell
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Color Trends for 2022 You Will Love!
Whether you’re simply sick of staring at those same old walls, or your home could use a little pick-me-up, there’s nothing like a new year to inspire a refresh. And it doesn’t take much to create a room with a whole new view. With all the new 2022 color trends out, why not choose your favorite and pick a wall to add color and vibrance to your room? [...]
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Why Right Now is a Once-in-a-lifetime Opportunity for Sellers
If you’re thinking about selling your house in 2022, you truly have a once-in-a-lifetime opportunity at your fingertips. When selling anything, you always hope for strong demand for the item coupled with a limited supply. That maximizes your leverage when you’re negotiating the sale. Home sellers are in that exact situation right now. Here’s why.
Demand Is Very Strong
According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), 6.18 million homes were sold in 2021. This was the largest number of home sales in 15 years. Lawrence Yun, Chief Economist for NAR, explains: [...]
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JUDY PARSONS
Partner/Broker Associate
CLHMS - Certified Luxury Home Marketing Specialist
CNE - Certified Negotiation Expert
Judy has a true passion for helping others. Her interest in the uniqueness of people elevates her awareness of what is important to you and ensures that YOU are top priority.
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JANELLE RAWLSTON
Partner/Broker Associate
CLHMS - Certified Luxury Home Marketing Specialist
CNE - Certified Negotiation Expert
Janelle is an expert at relating to people and understanding their story. She is driven by a sense of curiosity to learn how people want to live, figure out ways to help them find that, and then add the extra details.
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The Indigo Skye Group has the proven strategies and systems to help you prepare your home, price it right, present it to the right buyers, and get it sold for the highest price possible. Contact us today to get a free market analysis of your home, or if you need help deciphering the latest market information.
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