Current Market Data
Two weeks after housing inventory turned negative, home prices posted a healthy increase, MarketNsight said.
First-timers made up 45% of buyers in 2022 and 37% in 2021.
High mortgage rates and limited inventory continued to weigh on sales activity, National Association of REALTORS®Chief Economist Lawrence Yun said.
A new report from moveBuddha shows that the typical buyer isn’t yet factoring in climate-related risks when deciding where to live.
Single-family home permits and completions, meanwhile, also rose, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
Experts predict that Dallas will be one of the most populated places in America by 2100. But can the metro actually handle all that growth?
Meanwhile, July’s home sale prices had their highest increase since November.
Over 100,000 Californians made the move to Texas in 2021 — that translates to roughly 300 new Texans on a daily basis.
The Dallas-area city of Plano ranked at No. 1 on RentCafe’s list — only 8% of children in the metro live under the poverty line, one of the lowest proportions in the nation.
Two of these expensive properties were listed by Laura Sweeney of Compass RE Texas.
Of survey respondents who made a wedding registry in the past two years, 85% said they would have preferred to receive money they could have used towards a down payment, mortgage payment or other associated homebuying costs.
The industry group issued its housing-market forecast along with its monthly Pending Home Sales Index for June.
As closings decreased across the Lone Star State, the average home spent 87 days on the market during the second quarter, up 20 days year over year.
Back in 2018, Freddie Mac stated that the country still needed about 2.5 million extra homes in order to meet demand. Then the pandemic homebuying boom depleted already-low inventory levels and high mortgage rates in the second half of 2022 chained many homeowners to their existing low rates.
The median existing-home price for all housing types in June rose to $410,200, 0.9% less than the all-time high of $413,800 reached in June 2022, the National Association of REALTORS® said.
Low inventory and high demand are buoying builder sentiment in the face of several headwinds.