Red Team is a proud community partner for the 9th season of Friday on the Green, a FREE monthly concert series presented April – October by Near Southside, Inc. The event is held at Magnolia Park at 1201 Lipscomb, between Rosedale and Magnolia (and a block from the Red Team office). Friday on the Green features the region’s best live music, tasty food and drinks from Near Southside restaurants, and a fun and relaxed atmosphere of a big neighborhood picnic. Get a group together, throw a blanket and a couple of chairs in the car, (don’t forget the pup!) and enjoy a lineup of several bands, food from local businesses and food trucks, beer and wine.
When looking to move to a new home one of the most important items on the list is usually location. How far is it away from work, school, friends, or family? Is it close to shopping, entertainment, and parks? This month is Parks and Recreation Month and we are excited to share with you some of the amazing parks in Fort Worth and the surrounding areas.
According to the Greater Fort Worth Assocaition of REALTORS, Fort Worth home sales raised 7.5 percent to 1,308 homes in June 2017. The median price for Fort Worth homes increased 10.8 percent year-over-year to $210,900 in June 2017.
Fort Worth’s monthly housing inventory was 2.3 months in June 2017, 0.4 months more than the year prior. The Real Estate Center at Texas A&M University cites that 6.5 months of inventory represents a market in which supply and demand for homes is balanced.
Homes spent an average of 61 days on the market in June 2017, six days less than June 2016. Additionally, active listings increased 21 percent to 2,291 listings during the same time frame.
June 2017 Statistics At-A-Glance
1,308 – Homes sold in June 2017, 7.5 percent more than June 2016.
$210,900 – Median price in June 2017, 10.8 percent more than June 2016.
2.3 – Monthly housing inventory in June 2017, 0.4 months more than June 2016.
61 – Average number of days homes spent on the market in June 2017, six days less than June 2016.
2,291 – Active home listings on the market in June 2017, 21 percent more than June 2016.
Red Team Real Estate is hosting a free home buying workshop for first-time or second-chance homebuyers on Saturday, July 29, from 9:30 a.m. to 11 a.m. Saturday’s workshop will take place at 909 W. Magnolia Avenue, Suite 2, Fort Worth, TX 76104. Anyone interested in learning the ins and outs of the home buying process is encouraged to attend.
The no-obligation workshop features industry professionals, Michael Mayes, Owner/Agent, Red Team Real Estate and Paul Duane, Mortgage Loan Originator, MiMutual Mortgage.
“We’ve spoken with many people who want to purchase a home but think they are too far away from making that dream a reality. Our Lease Now, Buy Later workshop allows current renters to gather information and make a plan, so when they are ready to move forward they are confident candidates. After attending our workshop some attendees find they are closer to home ownership than they realized.” said Michael Mayes, Owner of Red Team Real Estate. “The idea of buying a home is intimidating, especially for first-time buyers or those who may have fallen on hard times in the past. We enjoy talking about the home buying process, providing this free workshop to the community is a win-win.”
Attendees have the opportunity to learn about all aspects of the home buying process, including the true picture of renting vs buying, budgeting, savings tips, credit repair, securing mortgage financing, working with a Realtor, homeowners insurance, property taxes, closing cost expectations, and loan programs aimed to assist new and experienced home buyers.
Breakfast is provided for attendees by MiMutual Mortgage who will also be on hand to answer questions about available financing options including, FHA, Conventional, USDA, VA Loans, and more.