2/8

2017 Design Trends – Fun, Dramatic and Inspiring

As each new year approaches, it’s always fun to anticipate what the next new fashion trends will be, what amenities the newest models of cars will offer, and which home-decorating ideas will come into play.  For 2017, when it comes to interior design, a new emergence of some beloved classics will be noticed as well as the continued involvement of philanthropic endeavors that contribute to the home décor scene.

 

A few insightful interior-design professionals reveal some of the top trends that will make powerful statements in 2017, according to the January issue of Sunset Magazine:  Brian Paquette – a Seattle-based interior designer, Cecily Mendell – a San Francisco designer, Ashley Redmond of the online design service, ‘Decorist’, and Julie Carlson – editor of ‘Remodelista’.

 

The Hunter-Green Comeback

 

On the green spectrum, Hunter green is rich, bold and eye-catching!  This magnificent hue experienced its zenith during the 1990’s when Hunter green, Navy blue and Crimson were the colors of choice, especially, for carpet.  For 2017, Hunter green is expected to be a dynamic color option for a vast array of items including weathered buffets and bedroom furniture, stoneware, linens, throw rugs, accent walls, and more.

 

Upholstered couches and chairs that will be dynamically dark should be partnered with neutrals within the same room that will offer a soothing contrast: tan, cream or marigold throw pillows, lighter-colored wood flooring as well as golden elements embedded in area rugs.  Also, allowing plenty of natural light to flood into a room with Hunter-green walls is paramount to keep the room’s feel light, lively and uplifting.

 

From Kelly green to Kiwi green to Hunter green – greens will be seen, in 2017!

 

Philanthropic Home Goods

 

Ethical home décor is synonymous with home goods that are crafted with philanthropic roots and qualify as fair-trade products.  Philanthropic organizations, within the US, help to meet the basic needs of families in impoverished regions of the world.  An ever-increasing number of these philanthropic-based companies are expanding their horizons by offering furniture pieces and home accents to American consumers, via, partnerships with artisan-based companies around the globe.  Take, for example, wall décor crafted by single mothers in Kenya and Rwanda.  These talented, dedicated women become empowered through the sale of their hand-made home goods; and, in turn, can continue to rise above the poverty level and better meet the needs of their extended families.

 

By purchasing fair-trade, or ethically-made items, one becomes immersed in opportunities to support businesses that promote fair-trade practices.  These practices are designed to promote sustainable wages as well as ensure safe working conditions.

 

Bold Flatware

 

Flatware for 2017 will be shoving boredom aside thanks to ornate, jewel-toned handles that will be taking center stage during 2017.  Additionally, flatware handles made of polished or carved stone are cool contenders for adding excitement to the dinner table.  Simulated gems will make a bold, beautiful statement for any set of flatware; and genuine crystal is expected to adorn handles as well, offering the ultimate in style and class!  Very-privileged households from the past 200 years utilized flatware with mother-of-pearl handles; and this vintage look will be making a come back during 2017.  Some of these ornate pieces of flatware are so lovely, they are labeled as ‘kitchen jewelry’ and, rightfully, so.

 

Stone handles come in a variety of colors and patterns.  Natural jade green is striking; and natural tiger-eye and natural tree-agate stone are beautifully unique.  Stone handles are polished to an ultra-smooth finish or hand-carved with intricate designs and would qualify as coveted heirloom pieces.

 

Stained Glass

 

Stained glass for interior-decorating purposes had its hey-day in the 1970’s; and this beautiful art-form is coming back in all its glory!  Exquisite craftsmanship and brilliant detailing define stained glass ornamentation for the home – lamps, window panels, room dividers and even coaster sets are being embellished with stained glass to provide splashes of color and dynamics to any room.

 

Stained-glass window panels hung in front of a window allow the natural light to turn into radiant streams of color, creating an almost Heavenly illumination.  One specific look for 2017 will center around stained glass pieces embedded in weathered frames to be used for wall ornamentation – exuding a feel of country charm or old-world ambiance.

 

Imagine stained-glass that displays:

 

*** a flock of colorful birds sitting on a metal bar

*** a half-moon design with the stained glass simulating the beautifully-spread feathers of a peacock

*** a Tiffany-style Victorian window panel, circular in shape

*** two cats sitting side-by-side in a bed of colorful flowers

*** a stunning butterfly with outstretched wings in blues, oranges, yellows and greens

 

The themes to be included in stained-glass, remain endless!

 

Informal Dining Rooms Take on a More Relaxed Ambiance

 

Families today are real and unpretentious; and reserving a single room for isolated, special occasions is becoming passe`.  The ceremonial feel of formal dining rooms is being replaced with a more-casual tone where life that ‘just happens’ can happen in the dining room, as well – multifunctionality is the name of the game.  Whether it is where grand-children can do art projects or whether it is where a simple brunch can be enjoyed by close friends, the emotional dynamics of today’s dining rooms are replacing the feeling of restriction with a feeling of relaxation.

 

Furniture for this area of the home is, now, abundantly more casual and versatile where dining tables might accommodate chairs on one side and a long bench on the other.  Additionally, other non-traditional seating includes smaller, overstuffed chairs in corners.  It’s all about creating a warmer, cozier space to be relished any day of the year!

 

Dark-Walls as Focal Points

 

Darkly-colored walls are the perfect way to add a dynamic focal point for any room in one’s home; and dark gray variations are a big player for 2017.  Though stunning and dramatic, a dark charcoal-gray wall must be paired with lighter-colored accents to ensure the heaviness of the color doesn’t become overpowering.  Baseboards, crown molding, cabinetry and other wood accents painted with white or creams is paramount to ensure the room exudes a warm, welcoming tone.  In fact, much-lighter colored, upholstered seating pieces, vibrant area rugs with hues of yellow, gold and cream as well as colorful throw pillows will only serve to amplify the wall color’s impact without allowing it to become overbearing.

 

Nathan Carlisle Homes Design Studio Welcomes You

 

One of the most enjoyable aspects of building a new home with Nathan Carlisle is having the option to choose, and become immersed in, the colors, textures, patterns and designs of wood flooring, carpet, cabinetry, lighting fixtures, counter-tops and more!

 

Regardless of whether one’s interior design style is eclectic, traditional, contemporary or rustic, our design team is passionate about presenting sample options that will emphasize and reflect every new home-owner’s personality and lifestyle.  Absolutely stunning living spaces are created within Nathan Carlisle Homes’ spacious display floor in Coppell, Texas.  When you are ready to meet with one of our team members, just give us a call at:  817-796-1037.  We encourage appointments to ensure our design team can provide you with undivided attention.  We are ready when you are!

2/6

Buying a Home in 2017? Make Sure Your Credit is Your Staunch Ally

For most Americans, the purchase of a home is, or will be, the single-largest financial investment of their lifetimes.  That investment can be a milestone in one’s life that generates joy, memories and pride of home-ownership.  Unfortunately, for some, the status of personal credit that might be less than stellar, can result in being subjected to higher interest rates which would result in paying many thousands of dollars more, during the life of a loan.

 

The more you know about your own credit, the more you can repair your credit, if necessary, and be optimally prepared when loan-application day, arrives.  Though there is much to say beyond the scope of the information presented, here, this insight will serve as a good starting point.

 

Know Your Credit Standing

 

The health of your credit score and credit history will play a major role in determining how low or how high your home-loan interest rate will be.  The first thing you will want to do is make sure you know the status of your credit; and you should assume your credit’s status may differ from what you believe it to be.  Human error can take place not only with businesses that have provided you with credit over the years, but erroneous information can be generated within credit bureaus and collection agencies.

 

To garner a clear understanding of the condition of your current credit, begin with contacting the three major credit-reporting agencies – Equifax, Experian, and TransUnion – since you will want to search for any errors that might be present on one or more of those reports.  Absolutely anyone can have inaccurate information on their credit reports; and if left unchecked, can negatively impact the home-buying process.  The better one’s credit scores, the greater likelihood one will be offered more competitive interest rates for a home loan.   Good to excellent credit scores can save home-owners many thousands of dollars over the life of a loan.

 

Request your free copy of your credit report from all three credit-reporting agencies, once a year; or request one copy from one agency every 4 months.  This is a free service.  You can reach the three agencies at:  www.annualcreditreport.com.; or give them a call at: 1-877-322-8228.

 

If buying a home is a near-future venture, it is a good idea to order all three reports at one time in order to, immediately, study each one.  Credit scores are not available on complementary copies of credit reports but, for a small fee, credit scores can be obtained from the major agencies.  Each of the three major credit bureaus has its own method for determining a credit score, which is why scores derived from these agencies may vary, slightly.  Credit scores range from 300 to 850 –  a ‘FAIR’ rating is from 562-665; a ‘GOOD’ rating is from 666-754; and a ‘GREAT’ rating is from 755-850.

 

Analyze Those Reports

 

Once you receive your credit reports, be sure to scrutinize them – put them under the microscope, so to speak.  You may be surprised to find that one or more errors exist, which can be due to several factors:  1) the credit agency processed some information incorrectly 2) lenders or collectors sent inaccurate information to the credit bureaus 3) updated information that should have been undated, was not, and 4) possible fraud.  Fraud, via, identity-theft, is big business in America.  You could have one or more accounts opened, illegitimately, in your name, without realizing it.  When analyzing your three credit reports, pay close attention to the following information:

 

***  incorrect spellings of first, middle and last names

***  inaccurate previous addresses or incorrect current address

***  incorrect names of any employers

***  accounts you did not open

 

If accounts appear unfamiliar, are listed twice, are listed as ‘open’ even though you closed them, have incorrect or questionable balances and/or indicate late or missed payments, that information should be reported to all three agencies, right away.

 

Study the “Credit Inquiries” Section

 

Within the three credit reports,  you will notice wordage that states, “Inquiries That May Impact Your Credit Rating” or “Inquiries Shared with Others”.  The information, here, should contain only the companies that provided credit for you, within the past two years.  If business names are questionable, contact the business or businesses that may have provided credit to someone else, as well as the credit agencies.  Inquiries that fall under the headings of “Inquiries Shared Only With You”, “Promotional Inquiries” and “Account Review Inquiries” will not have negatively impacted your credit score.

 

Another area on credit reports to be aware of would be the “Negative Information” section.  It is, here, where you will want to pay attention to the following:  1) accounts placed in collection you don’t recognize 2) accounts that are more than 7 years old that should have been removed 3) public records of lawsuits, judgments, liens etc that are unfamiliar to you or these types of records that are over 7 years old and 4) bankruptcies that are more than 10 years old.  If you filed for bankruptcy, the bankruptcy record from the court is deleted after 7 years or 10 years from the file dates, depending on the chapter you declared.  But again, human error is possible, so double-checking all bankruptcy information is vital.

 

If you find yourself having to dispute any information you feel is inaccurate, make every attempt to avail yourself with personal documents or receipts.  Any investigations performed by the credit agencies will proceed that much more quickly. You will want to make sure your three credit reports are as pristine as possible since lenders will assess all three credit bureau reports during a loan application.  Any dispute on your end can be performed online, over the phone or, via, paper mail.  The credit bureau(s) will guide you through the process.

 

Know Your FICO Score

 

Mortgage lenders use what is called a FICO score which will set the rate and terms of the loan.  Most FICO scores range from 300-850; and a FICO score in the mid-to-high 700’s would put you in a good position for being offered lower interest rates.

 

A FICO score is a type of credit score created by the Fair Isaac Corporation, which is the most popular credit-scoring company in the US.  The determination for a FICO score will be calculated according to the contents of your credit report; and the FICO score will, ultimately, reflect your credit worthiness.

 

Some lenders will pull whatever credit scores they desire when evaluating your credit application; but it is the FICO score that you should take the most seriously even if your credit score is a bit higher than your FICO score.  Variances due occur between credit scores and FICO scores since different mathematical formulas are used.  Though this can be a bit confusing for home-buyers, the bottom line is most lenders will look at all three FICO scores from the major credit bureaus when determining one’s qualifications for a home loan.

 

 

Nathan Carlisle Is Here for You

 

Are you 55 years or better; and is it your dream to own a gorgeous home within one of Nathan Carlisle’s active-adult communities?  If so, seasoned in-house financial experts work intimately with Nathan Carlisle to ensure loan processes flow as smoothly and as quickly as possible – from application to closing.  We, at Nathan Carlisle, will work with you on every aspect of the loan process so we can transfer the keys, of a stunning new home, from our hands to yours!

2/6

Tech Trends You Just Might Fall in Love With

In today’s world, so many aspects of our lives are easier due to the advancements in technology.  Whether technology contributes to saving energy, time, money or even sanity, it has become fast-paced and over-the-top in terms of what it can offer every strata of our society from education, to science, to medicine, to domestic applications.  And when it comes to domestic, there are high-tech products that that can add an extra dose of convenience, fun and entertainment to anyone’s life.  What were, once, far-fetched pipe-dreams have become actualities that no one would’ve believed, a decade ago.

 

Alexa – Your Personal Assistant, 24/7

 

Amazon’s Alexa could be viewed as a digital personal-assistant that is at one’s beckon call, any time, day or night.  The speech-recognition system behind Alexa is programmed to respond to a boundless array of voice commands or questions.  Providing weather conditions in outer-space, performing mathematical equations within seconds, selecting music choices from Pandora, Spotify, and other music sources, and keeping track of family events represent only a handful of endless operations that Alexa can do for you.

 

If keeping abreast of world events is your passion, Alexa will offer up-to-the-minute happenings from well-known news outlets including NPR, BBC, USA Today, Associated Press and many more.  Do you get a kick out of trivia? – Alexa can provide an abundance of trivia games, quote generators, and fact and data repositories – these examples only scratch the surface.  Alexa can, also, link apps and devices to perform specific actions with smart appliances in your home. Alexa can integrate with smart-home platforms such as SmartThings, Wink, Insteon, Lutron, Philips Hue and many more.

 

If you feel too chilly, simply tell Alexa to adjust your Nest thermostat to a higher setting.  Want Alexa to read a Kindle book to you? – Not a problem!  Need to track a package you are expecting? – Alexa will update you!  The information Alexa can share with you is mind-boggling, and much of the information is retrievable within seconds.

 

Flex-Washer and Flex-Dryer

 

Laundry is drudgery for most people; but Samsung has unveiled an advanced way to get this chore done much more quickly – meet the Flex Washer and Flex Dryer.  To begin with, the two-in-one washer offers a 1-cubic foot upper washer and an additional 5-cubic foot washer, below. The upper washer is intended for more delicate items including baby clothing, lingerie, fine sweaters, etc. while the lower washer can be reserved for the heaviest of loads.

 

Both wash cycles can begin simultaneously or separately; and when it’s time for drying, the dryer offers its own unique amenities.  A 1-cubic foot, non-tumble drying rack, on top, receives gentle heat to ensure delicate items are treated with lots of TLC.  In the lower, front-load compartment, the 7.5-cubic foot compartment will accommodate the rest of one’s laundry items.  The “Super-speed” option will allow a full load to be washed in as little as 30 minutes.  A big plus is the Flex-Washer’s internal separator that sends the front-load water one direction and the top-load water in a different direction to eliminate any mixing of wash water from the two components.

 

Samsung’s Flex-Washer and Flex-Dryer work with the Samsung Smart-Home App for Android or iPhone devices which allows the user to start and stop cycles, check on the status of any cycle and more, at any time from anywhere!

 

Knocki

 

Knocki just might knock your socks off with the convenience it provides.  Virtually any flat surfaces in your home can be utilized as remote-control locations for internet-connected devices. A door, a kitchen cabinet or counter-top, a table or a wall can all accommodate Knocki which is a disk-shaped device with a streamlined, sophisticated appearance.  All one needs to do is attach Knocki to any surface that is made of wood, metal, stone, granite, marble, or drywall.

 

Developed by Texas-based Swan Solutions, Knocki taps into the internet to dim lights, activate your favorite music, or send a text if someone were to knock at your door during any time you might be away.  Up to 10 unique patterns of knocks or taps can be programmed to trigger specific actions through a companion app.

 

Knocki interacts with the Nest thermostat, PHILIPS hue, LIFX, SmartThings, IFTTT, WeMo Coffeemaker, Google Calendar, and Sjpotify, and uses Wi-Fi to control connected devices.  Knocki will detect deliberate knock or tap patterns that the user creates – one can tap three times on the kitchen counter, for example, and have Knocki initiate an alert from a misplaced phone or tablet in another part of one’s home.  A wheel-chair-bound individual could tap a wall with 2 quick knocks to turn on lights and a TV in a designated room; or 3 slower taps on a bed-side table could activate or deactivate a security system, activate an alarm, or send a distress signal, instantly.  In other words, your home or office can be transformed into a user interface where one gains control of a myriad of functions, via, flat surfaces, with absolute simplicity.

 

BOND

 

Olibra’s BOND can turn traditional appliances into smart appliances in mere seconds!   Through its mobile app, the BOND integrates RF (radio frequency) or IR (infra-red) appliances with one press of an appliance’s remote.  All one has to do is:  1) download the app 2) point your old remote at the BOND and wait for the light to turn blue 3) control up to 6 different appliances to a WiFi network from your phone or any smart device.

 

BOND is compatible with multiple home-automation platforms including NEST, SmartThings, Honeywell, DIRECTV, iDevices and more.  Via, BOND, ceiling fans, garage doors, and power-shades, for example, can be remotely controlled; and the user can customize functionality to regulate speed settings and temperature controls.  Additionally, the BOND integrates with Amazon Echo, allowing one to use voice commands to control devices, including iOS and Android.

 

Foldimate

 

Do you view folding laundry as menial and boring?  If so, why not include a robotic system in your home that will do the folding for you?  Meet Foldimate, a compact machine that is small enough to sit on top of your washer or dryer or on top of a table, in any location.  Coming in at only 32” high and 28”wide, Foldimate is programmable so clothing can be can misted, de-wrinkled, scented and softened during the folding process.

 

The process couldn’t be more simple: clothing pieces are clipped onto the machine’s front rack, which will hold about 15-20 pieces of clothing.  Once items are clipped and in place, one will choose certain selections to ‘tell’ the Foldimate what types of clothing are due to be folded – shirts, blouses, sweaters, etc.  Foldimate will sense the size and thickness of the items to be folded as well as whether an item might have short sleeves, or long.  A man’s long-sleeved shirt will take only 10 seconds to become folded, with absolute perfection!

 

A conveyor belt, robotic arms, a built-in steamer and sensors ensure articles of clothing will look as if they came out of a professional dry-cleaning shop.  Once all items have been folded, a digital alert will indicate that all items are ready for ‘pick up’ from the machine’s front tray.

 

Technology for today’s home’s – offering entertainment, insight, convenience and increased down-time for families, everywhere!

1/24

Trump, as President – What Could It Mean for Mortgage Rates?

Yes, mortgage rates have risen to above 4% for the first time in about 12 months.  That hike represents a 0.25 percentage-point rise; and though it is the first hike in short-term interest rares in almost a year, it represents an increase in short-term interest rates for only the second time in the past 10 years.  And though some might consider a mortgage rate of 4% as concerning, if we put it in perspective, we can go back to 1981 when the annual average rate on a 30-year mortgage was an astounding 16.63%!  With that said, however, financial experts feel mortgage rates are almost certain to rise, again, in 2017; but, if so, it is projected that any increases will be gradual.

 

Mortgage-rate increases in 2017 could be a result of three possible scenarios:  1) any fiscal stimulus resulting from President Trump’s policies 2) higher rates due to the Federal Reserve increasing the cost of borrowing due to strong economic growth and 3) escalating bond-market yields – bond yields being the amount of return an investor realizes on a bond.

 

To the surprise of many, market rates spiked once Trump won the election.  And don’t forget that the Federal Reserve raised rates during mid-December of 2016.  This was due to the Reserve’s view that economic conditions had become improved.  If stronger economic growth continues during the new year, continued hikes could emerge.

 

Mortgage Rates – How Much Will They Rise?

 

Economists, analysts and housing experts tell us that any sharp rises in mortgage rates will, probably, not occur in 2017; but the possibility of any gradual increases shouldn’t be ignored, either.   Danielle Hale, Managing Director of Housing Research, tells us that mortgage-rate spikes in 2017 should be kept at bay since the likelihood that Gross Domestic Product growth will remain lower than what it was since the end of WWII, or postwar period.  At that time, the GDP growth hovered at an average of 3%.  The majority of economists believe GDP growth into 2017 will remain at about 2%, or just a bit higher.  Hale goes on to say that under-performance with GDP growth should keep rates lower than past rates, but expecting rates to stay as low as they are now would be unrealistic.  In fact, as the US economy gains momentum, Americans should be prepared for rates in 2017 to climb three more times.  The National Association of Realtors expects to see rates averaging 4.6% for the fourth quarter of 2017, meaning rates by the end of 2017 could be somewhere in the 4.5-to- 5% range.

 

Four Things to Think About Under a Trump Presidency

 

  1. Fiscal Stimulus – Increased deficits and a larger debt load could become a reality with the implementation of tax cuts, as proposed by Trump. That, along with existing stable employment,, could translate into a more robust economy.  Enhanced economic growth would by the catalyst for higher mortgage rates.

 

Hale reminds us that if mortgage rates were to rise too sharply and too suddenly, it would indicate inflation coming in, higher than anticipated.  As a result, the Feds would raise short-term rates, even more quickly.  That would have a domino effect and generate long-term rates to rise more rapidly, as well.

 

  1. Privatizing Government-sponsored Programs – Fannie May and Freddie Mac, which are government-sponsored, could become privatized. If that happened, home-owners would feel the effects, via, mortgage rates going up.  Though privatizing Fannie May and Freddie Mac would have hurdles to jump getting through Congress, the possibility is still, ever-present.  Jordan Levine, an economist with the California Association of Realtors, says:  “It’s safe to say that privatizing Fannie and Freddie will increase rates because, right now with government ownership, the implicit guarantee that Uncle Sam stands behind the mortgage bonds they issue reduces the cost of capital for the private sector.”  This type of privatization would result in higher-borrowing costs since borrowing risks would increase due to private-sector lending – and higher risks equal higher rates.

 

  1. Deregulation – Stricter lending standards have been the norm since the financial crisis. One of President Obama’s signature pieces of legislation was the Dodd-Frank Act.  This act, as of 2010, put  more of a tightened noose around the rules that governed the financial sector.  Critics, including some politicians, have felt the legislation has been too unyielding and that the regulations stymied lending opportunities and economic recovery.

 

During his campaign, Trump mentioned the need to embed significant changes to Dodd-Frank in order to loosen bank lending regulations; and economists feel modifications to the Dodd-Frank regulatory regime is coming.  Those changes could be minor changes or could include a complete dismantling of the Dodd-Frank Act.

 

Mark Zandi, Chief Economist for Moody’s Analytics, feels that eliminating Dodd-Frank is very improbable.  Both Zandi and Levine feel that deregulation isn’t a driving factor when it comes to mortgage rates but has the very real potential to impact the number of people who would have access to credit, since there could be tougher regulations on borrowing.

 

  1. Change at the Federal Reserve – Janet Yellen, the current Federal Reserve Chairperson, is due to relinquish her term at the start of 2018; and it is, then, that Trump will make a new appointment. The good news is that a new person filling the position wouldn’t have an appreciable impact on mortgage rates since 30-year fixed-rate mortgages are tied to long-term rates; and the Federal Reserve has limited control over that.  Hale states:  “By the end of [Yellen’s] term, the Fed should be well on its way to a more normal monetary policy.  A new chair could come in and change that, but it’s not very likely.”

 

Higher Rates – What Does It Mean for You, as a Home-buyer?

 

Mr. Zandi states that during the past 30 years, home-owners have been in the coveted position of securing lower rates for new homes; and those rates have been lower than the rates their existing homes had.  This, of course, was incentive for any home-owner to purchase a different home at a lower mortgage rate – home sales were healthy and invigorated.  Zandi says the reverse will be true as we forge into 2017:  “Mortgage rates are going to be higher on the home they want to buy, relative to their current mortgage.  That will make it less attractive for them to buy and sell.”

 

Mr. Levine offers several suggestions:

 

***  Serious home-buyers should purchase a new home as soon as their finances allow, in order to lock in lower rates.

 

***  Home-owners who are thinking of selling 12 months from now should consider selling before then to take advantage of the still-low rates.

***  Home-owners contemplating refinancing should do so as soon as possible.  Again, it’s all about securing low rates before they rise.

 

***  Floating-rate mortgages should be refinanced into a fixed-rate loan.  An increase with a home-owner’s ARM over the next year could hit a home-owner hard, financially.

 

***  Home-equity lines-of-credit with adjustable rates should be refinanced into fixed-rate home-equity loans.

 

***  Prospective home-buyers should diligently work on beefing up their credit scores, minimize current debts as much as possible, and be serious about accumulating money that would be required for the down-payment and closing costs.

 

These suggestions, Zandi stresses, have everything to do with being in a position to secure the lowest mortgage rate, possible, before rates begin to rise.

 

Nathan Carlisle Can Get You Started!

 

If you are 55 years, or better, Nathan Carlise offers a vast array of stunning, maintenance-provided homes in gorgeous, master-planned, active-adult communities throughout North Texas.  Our professional team of financial experts are passionate about clearly guiding our clients through the entire loan process.  It’s all about transforming one’s dream of home-ownership into a 3-D reality!

 

One may feel the warning signs are in the air.  Small, intermittent hikes in mortgage rates will affect pocketbooks of prospective home-buyers since higher rates will absorb more of one’s discretionary income.  Higher rates can, also, mean getting less home than one might have desired.  Now could be the most-opportune time to invest in a beautiful new home from Nathan Carlise.  And be assured, our professionals will do everything in their power to make sure that happens for you!

 

1/24

Commercial Real-Estate In DFW is Booming

North Texas is a hot-spot when it comes to commercial real-estate development; and DFW is in the thick of it.  D Magazine‘s Real Estate Annual tells us that real-estate vacancy rates in DFW are experiencing historic and coveted lows, with the current figure hovering at just above 6%.  Development and demand are in-sync with one another; and six industrial experts have some interesting insight to share regarding the condition of the commercial/industrial/business market for North Texas and, more specifically, the Dallas-Fort Worth area.  Our authoritative insiders include:

 

***  Tony Creme – Senior Vice-President of Hillwood Properties

 

***  Terry Darrow – Managing Director of JLL

 

***  Trey Fricke – Managing Principal of Lee & Associates

 

***  Cannon Green – Managing Director at Stream Realty Partners

 

***  Jeremiah Quarles – CEO at DeSoto Economic Development Corp.

 

***  Jeff Thornton – Senior Vice-President of Duke Realty

 

Yes, businesses are flocking to Dallas-Fort Worth, including many companies that are leaving California and embedding themselves in the Lone Star State.  Our six gentlemen share their insights on why they believe the current industrial market conditions in North Texas are so robust.  Below, is a summary of their thoughts regarding several questions that were presented regarding North Texas’ commercial development for 2016:

 

What is the Condition of Industrial Leasing in North Texas?

 

All six gentlemen, unanimously, felt that the condition of industrial leasing activity across North Texas in 2106 was not only very good, but surprisingly so.  They expressed their good news with remarks such as, “outstanding”, “better than expected” and “record setting”.  The inventory of vacancies in North Texas is definitely meeting the demand of incoming businesses, and vice versa; and Mr. Trey Fricke reinforced that point: “From my perspective, demand is almost perfectly in line with development.”

 

Brick and mortar stores are clamoring to establish their goods and services in the DFW area; and e-commerce endeavors are strong, as well.  Part of the e-commerce component includes retailers who test, promote and monetize consumer demand, based on an area’s demographic data that would include gender, age, education, income, etc.  E-commerce retailers want to know who their potential online customers are, in order to to market them, effectively.  DFW is embracing these retailers with no shortage of consumer demand.

 

From food products to clothing to electronics and more — the types of commodities that incoming businesses represent cover the gamut of everything imaginable; and the sizes of companies coming into North Texas are varied, as well.  The influx of large, mid-sized and small businesses is influenced by three enticing factors that DFW continues to offer:  1) its centralized location 2) its diversified economy and 3) its continued population boom.  In fact, the US Census Bureau ranked Fort Worth as the top, big city in the nation for population growth between 2000 and 2013.

 

Whether it is Toyota, State Farm or upscale restaurants that find DFW incredibly attractive in terms of business operations, it is the density, diversity, vibrancy and accessibility of the area that continue to attract businesses of all kinds who are eating up the lease spaces.

 

Mr. Cannon Green tells us that 350 people move into DFW every day.  Additionally, Mr. Tony Creme points out that there were 3.5 million people in North Texas in 1994; and that figure, as of 2016, grew to 7 million.  The number of North Texas residents is projected to jump to 11 million by 2040!

 

Here are a few additional statics regarding lease space:

 

***  By the end of 2015, 19 million square feet of industrial lease space in DFW was absorbed for the entire year.

 

***  During 3Q of 2016, leasing activity in South Dallas, alone, absorbed almost 2 million square feet.

 

*** Only 9 months into 2016, 18 million square feet of industrialized space in DFW had been leased.

 

Regarding DFW in 2016, Mr. Jeff Thornton stated:  “Tenant demand remains very strong; leasing activity in 2016 has been record-setting.”  Mr. Darrow added:  “We’ve become used to seeing up to 1 million square feet and larger.  It’s great for Dallas and great for the industrial market.  The activity we’ve been seeing in DFW is amazing; that’s why I’m not retired.”  Mr. Quarles shares the optimism: “Across the board and throughout the region, industrial demand is at an all-time high.  There are competitive advantages in North Texas for companies looking to expand their operations…due to overall consumer consumption of products.”

 

What are the Trends with Industrial Development and/or Commercial Leasing?

 

One trend that keeps North Texas booming in terms of economic growth and incoming businesses is the fact that so many areas in North Texas are reinventing themselves.  Tony Creme points out that the Great Southwest Golf Course in Grand Prairie was transformed into the 360 Global Logistics Park.  Festival Marketplace Mall, another redevelopment project, was transformed into an industrial expanse of 1.3 million square feet.  Redevelopment has created several distinct neighborhoods such as West End, Main Street, Arts District, Reunion and Farmers Market.

 

Another trend deals with international companies that are eager to invest and expand their operations in the north part of the Lone Star State.  These international enterprises are bringing their competitive- salaried and well-benefited job openings with them.  And, as mentioned, the strong leasing market is drawing in an even mix of demand from large, midsized and small companies – whether 100,000 square feet or more than 1 million square feet – all sizes of businesses are being accommodated.  Commercial ventures of all sizes are not only experiencing incremental growth, but as Mr. Jeff Thornton states, businesses are outgrowing their business space; and this is very good news.

 

What are some Strong Commercial Locations?

 

Due to land availability, Alliance and South Dallas are experiencing immense activity regarding emerging commercial markets.  According to Tony Creme, South Fort Worth is a goose that will lay some big, golden eggs; and Terry Darrow tells us that South Dallas is, as expected, very active with existing commercial endeavors.  In fact, since the beginning of 2015, alone, there has been more than 4.5 million square feet of new, signed leases in South Dallas; and 3.7 million of that space was signed with either brand new facilities or buildings still under construction – this, according to the June 2015 edition of Texas Real Estate Business.  Then, there is South Arlington; and Mr. Terry Darrow points out that this location is flourishing, partly due to its close proximity to DFW International Airport – slightly more than 14 miles away.  McKinney and Frisco are other contenders for impressive commercial growth since both these communities have much to offer in terms of location and/or land that has been purchased for industrial use.  Then, there is DeSoto which is ideally situated along four strategic thoroughfares:  Interstate 35E, 20, and 45 along with US Route 67.  Northeast Tarrant County, according to Mr. Cannon Green, has very promising growth potential, too – home construction in Northeast Tarrant County is robust; the amenity base is rich; and labor for construction to accommodate job growth is readily available.

 

Nathan Carlisle – Reaping Benefits and Giving Back

 

It’s all about location, location, location.  Nathan Carlisle is building homes in master-planned communities in the DFW area where incoming businesses continue to offer an eclectic blend of amenities for active-adult home-owners.  Also, the influx of new businesses in DFW has positively impacted the expansion of construction of Nathan Carlisle homes – business is booming.  Being in the thick of all the commercial expansion is certainly a big contributor to Nathan Carlisle’s crowning achievements.

 

There is another facet, however, regarding the immense activity in DFW that Nathan Carlisle never loses site of:  continued opportunities for Nathan Carlisle to give back.  Every time we build homes, it opens doors for income, jobs and tax revenue to be generated into the local economy.

 

Let’s take a look at what the National Home Building Association has to say.  Paul Emrath, Vice President of Survey and Housing Research for NHBA, shares some very revealing statistics:  for every 100 single-family homes that are constructed, the positive economic impact into surrounding communities is powerful and measurable.  NHBA’s national-average statistics translate into very relevant information every time Nathan Carlisle constructs 100 of its residences throughout the DFW area.  For every 400 homes built by Nathan Carlisle, one can expect a one-year impact to resemble the following:

 

  1. $114.8 million generated in local income

 

  1. $14.4 million available for taxes and other revenue for local governments

 

  1. 1,576 local job opportunities are filled

 

The additional, annually recurring effects of Nathan Carlisle constructing 100 single-family residences, would be inline with the following:

 

  1. $16.4 in local income

 

  1. $4.0 million in taxes and other revenue for local governments

 

  1. 276 local jobs

 

These ongoing, annual, local impacts represent new homes becoming occupied and homeowners paying taxes and providing revenue in a myriad of other ways which boost the local economy.  NHBA goes on to state that a household moving into a new home will, typically, spend about three-fifths of its income on goods and services from local businesses.

 

The unabated influx of commercial/business/industrial entities into the DFW area allows Nathan Carlisle to continue to expand.  This, in turn, provides Nathan Carlisle with continual opportunities to give back to our communities, which have served us so well.  It is a ripple effect that Nathan Carlisle is incredibly pleased and proud to be a part of!

 

9/22

Isabella Village Annual Car Show!

Join us for the Annual Isabella Village Car Show

When:  October 1st, 2016

Time:  10:00am – 1:00pm

Where:  Isabella Village 729 Caudle Lane Savannah, TX 76227

Come check out an array of antique, classic and cutting-edge modern day cars, trucks & cycles!  Enjoy free mimosa’s and delicious food from the Waffle Wagon and Chez Flo food trucks.  This event is sure to be a hit with lots of fun, music and prizes!

For more information about the event, contact Lindsey at (214) 765-0593 or by email at Lindsey.bryson@dunhillhomes.com.

If you would like to enter your car or have questions about registration, contact Dan Herod at (214) 244-7296.  www.mustangsallyproductions.com

 

CarShow_Single Sided Flyer_FINAL

6/30

What Happens After You Sign a Purchase Agreement?

 

Your excitement level is at an all-time high as you just signed the purchase agreement for your brand new home, now that the paperwork is complete, what happens next?

First, you should notify your mortgage company so that they can work on taking your pre-approval letter to officially approved!

Next, you will want to start preparing for your design center appointments as these come up quickly.  The better prepared you are with the vision you have for your home, the more enjoyable the design center process will be.  It is important that you love your selections as changes are unfortunately not allowed once sign-off is complete.

Once your design center paperwork is complete and all selections are made, the exciting times are about to begin.  You will start with a Pre-Construction meeting with your Community Construction Manager.  During this meeting you will go over your plot plan, floor plan, and all design selections and change orders.  From there the home starts to take shape.

Once your brand new home has the framing complete, the electrical and plumbing components in, and the insulation is in place, you will have a Pre-Drywall meeting with your community construction manager.  During this meeting, you will gain valuable insight on the inner workings of your home.

Some-time has passed and your home is nearing complete.  You just got the call from the community team that it is time for your New Home Orientation.  This is the final meeting before closing and your first chance at seeing your completed home. 

Finally the day has come and your closing date is here.  You will sign your closing documents at the Title Company.  Once funding has occurred, you will pick up the keys to your home from the sales office and let the memories begin!

6/21

What Factors Affect Your Credit Score?

Have you ever taken a look at your credit report and wondered why you have different scores from each of the reporting agencies?

Your credit score is affected by various factors, and each bureau has its own way of calculating a score.

Let’s take a look at those factors:

One of the most important factors affecting your credit score is your payment history.

When trying to secure financing for a new home, your lending institution wants to make sure that you have a history of repaying your debts. It also wants to see if you are making your payments on time or if you are late.

If you have a history of making payments on time then you will score well in this area.

 

Another important factor is the length of your credit history.  

For example, an older credit card with a good payment history will typically score higher than a newer credit card with a good payment history.

 

Public records have a significant impact on your credit score. 

Bankruptcies, collections, and judgement’s will bring your score down considerably.

 

The amount of new accounts showing on a report will also affect your credit score.

Opening many new accounts in a short period of time will have an adverse affect.

 

The amount of inquiries made will affect your score too.

For instance, if you go to a car dealership to inquire about a car loan, then go to a bank to apply for a credit card, and then apply for a mortgage, each of those businesses will run your credit.  The more inquires made, especially from different types businesses, the worse it is for your credit score.

 

Lastly, the amount of accounts in use are a factor affecting your credit score. 

If you have a lot of open accounts, whether they are being used or not, it may bring down your credit score.

For more information contact a Dunhill Homes Representative today.

4/15

Raising the Rates by the Feds: What Does It All Mean

It was in December of 2015 that the Feds increased interest rates for the first time since the financial crisis of 2006; and after nine years of some of the lowest interest rates in history, the Fed has started the process of possibly making it a bit more expensive to borrow money and, perhaps, more beneficial to save.  The Fed strongly felt that the historically-low interest rates we have all been enjoying have encouraged borrowing and increased risk-taking which has stimulated growth.  It was at the December meeting where Fed officials highlighted that any continued raised rates would be introduced gradually, and only if economic growth were to show signs of continued strength.

 

The Federal Reserve entered the new year of 2016 with the same mindset of gradually increasing its benchmark interest rate, dependent on strong job growth.  Though no rate-raising was initiated at their January gathering, a statement from that Federal Reserve Board meeting indicated a subsequent meeting in March will take place regarding a second, possible, increase.

 

According to Gus Faucher, a senior economist at PNC Bank, raising rates during the Fed’s March meeting is a sure-bet; and the Fed’s January discussion of a 2nd rate increase immediately caused equity markets to fall.  The Standard & Poor’s 500-stock index fell 1.1 percent to close at 1,882.95; though the  10-year Treasury note yield remained unchanged at 2 percent.  Fed officials stated that rates would rise by about 1 percentage point in 2016.  With all the being said, the Fed is committing themselves to moving cautiously as they monitor global and financial developments and how they impact labor market and inflation.

 

A Double-Edged Sword

 

The Fed is encouraged by three things, in particular:  1) continued job-growth 2) increased business and consumer spending and 3) a more-stimulated housing market.  By the same token, the Feds noted that domestic economic growth became somewhat sluggish during the latter part of 2015 where the economy expanded at an annual rate of below 1 percent during October, November and December.  To top it off, equity markets have plummeted in January 2016, eliminating wealth and weighing on confidence, while the dollar shows signs of gaining strength, reducing the demand for American exports.

 

Differences of Opinion

 

A general feeling concerning the risk that conditions will actually deteriorate has caused some financial analysts to believe that the Fed is not likely to raise rates in March but will wait until the summer of 2016 or even further down the road.  Ellen Zentner, chief U.S. economist with Morgan Stanley, has stated:  “Based on the state of the economy today, we believe the bar has become insurmountable for a follow-up rate hike in March”.  Zentner bases her feelings on the price of assets being closely tied to short-term interest rates with the Feds doing little to change market expectations.

 

The other side of coin involves Stanley Fischer–Fed vice chairman, and William Dudley—President of Federal Reserve Bank of New York.  Both feel market expectations reflect an over abundance of pessimism, and that investors and analysts are jumping to premature conclusions.

 

 

The U.S. economy is impacted by global weakness; but some financial experts are not convinced that slower growth throughout the industrialized world as well as problems in China and other developing nations will have an appreciable impact on domestic growth.  Part of that reasoning stems from the fact  that the United States remains the largest consumer of its own goods.

 

But again, a division of views exist since some financial experts believe the risks are under-rated; and these more-cautious observers are quick to point out that concerns about global growth have unsettled equity markets which has managed to reduce household savings.  Michael Feroli, chief United States economist at JP Morgan, strongly feels a 2nd rate increase is more likely to occur mid-year, at the earliest.

 

The Fed’s goal is to keep prices rising at about 2 percent annually; but the Fed is clear to state that it wants to see “actual and expected progress” to warrant that 2 percent projection as it contemplates more interest-rate increases.

 

What Does This All Mean for Home-buyers

 

According to Greg McBride, analyst for bankrate.com, many see the Fed’s decision to raise rates as a reflection of its confidence in the economy.  This is good news for anyone wishing to borrow money for a home since some lenders may equate “good economy” with “less risk” and be willing to readily accept FICO scores that are not required to be as squeaky-clean, as before.

 

Banks and other lenders will be influenced by the Fed but not, necessarily, driven by it.  They make their own decisions—some will respond immediately to the small interest rate hike while others will be guided by the strength of the economy, inflation and competitive pressures to gain business.  Because rates are supposed to increase slowly, there won’t be an appreciable burst in interest on many types of loans.  According to economist, Lawrence Yun, of the National Association of Realtors, with continued growth at a moderate pace, a 30-year mortgage may go to 4.5%, possibly topping off at 5% by the end of 2016.

 

And when it comes to adjustable-rate mortgages, it’s prudent to know ahead of time that ARMs can be reset at a higher rate once a year; and multiple Fed interest rate increases in 2016 can be blended into one hefty increase on one’s mortgage.  People with adjustable-rate mortgages might find it worthwhile to convert to fixed-rate mortgages.  A May adjustment with an ARM could be up a half or three-quarters of a percent, says Stuart Hoffman, PNC Bank economist.

 

Though there is no need for a stampede to a lending institution, all this leaves one with the feeling that buying a home as soon as one is able is a wise choice.  Getting ‘in’ while the ‘getting in’ is really good can mean a lot more money in a homeowner’s pocket every month.

4/13

Isabella Village Crawfish Boil!

What is fun, delicious, educational and all wrapped up in one exciting package?  The answer is:

The Isabella Village Crawfish Boil

And you are invited to be a part of it!

Here are a few details you will want to jot down:

Who:  Nathan Carlisle Homes invites you to join in all the free fun and learn about the exciting age-qualified community, Isabella Village!

What:  2nd Annual Isabella Village Crawfish Boil.  Delicious Louisiana crawfish, live entertainment and 3 model homes to tour.

When:  April 23rd – 12 to 3 PM

Where:  729 Caudle Lane @ Isabella Village within the master-planned community of Savannah, Texas

Why:  1) To enjoy the aroma and flavor of mouth-watering Louisiana Crawfish with ALL the “fixin’s”, along with your favorite beverage.  2) To learn more about Isabella Village – a beautiful, boutique, age-qualified community with newly-constructed homes that allow you to experience front porch living like years past.

Three stunning model homes will be available for your touring enjoyment.  Nathan Carlisle representatives will be available to address any inquiries you may have.

More about Isabella Village

Isabella Village is the most-affordable Active-Adult community in DFW; and is designed for home-buyers who are age 55 and better.  Here, homeowners can enjoy amenities exclusively reserved for Isabella Village residents.  For example, their private clubhouse with a workout room, fitness center and outdoor pool, dog park, bocce ball courts, horse shoe pit and more, provide an oasis-like setting that caters to like-minded adults – away from the hustle and bustle of the rest of the world.

Nathan Carlisle’s six exquisite ranch-style homes in Isabella Village range from 1,400 to 2,398 square feet, with large welcoming front porches, magnificent craftsmanship and an array of highly sought-after upgrades.  These homes are among the most energy-efficient in DFW; and each residence is Energy-Star certified and guaranteed by the Environments for Living program.

Additionally, Savannah’s posh, resort-style amenities provide the perfect backdrop for fun-loving, active adults who look forward to a vibrant and diverse lifestyle.

Save the Date!

Join the fun on April 23rd and tour our 3 gorgeous model homes, while enjoying an exciting afternoon of festivities!

Give us a call at:  972-347-5458

NathanCarlisleHomes.com