Current Market Data

Fall brings lower mortgage rates, more inventory to market

At a time of year when the real estate market typically experiences seasonal declines, this fall is bringing just the opposite.

Home sales decline as buyers await lower mortgage rates, new NAR rules, election outcome

While the average monthly housing payment in the U.S. fell to its lowest level since the start of the year, it isn’t improving sales, as potential buyers are holding out for lower mortgage rates.

CoreLogic: Home-price gains slowed again in July 

Specifically, prices rose 4.3% annually after growing by 4.7% in June. 

The 10 most expensive new Texas listings

The priciest new listing in the Lone Star State is a $27.5 million estate in Southlake, listed by Michael Hershenberg of Real.

New-home sales jump in July 

July’s seasonally adjusted annual rate of 739,000 represented a 10.6% jump from June’s upwardly revised rate of 668,000. 

Dallas ranks No. 3 in U.S. for home sales in July  

The Metroplex also ranked third for housing inventory, according to the most recent RE/MAX National Housing Report.   

Existing-home sales end 4 months of declines in July 

The pace of home sales increased 1.3% from June after months of decreases, the National Association of REALTORS® said.      

Dallas housing market shifts to balance, sellers no longer at an advantage

Competition in the housing market is expected to reignite as falling mortgage rates breathe new life into buyers, according to Zillow’s latest report. 

Metroplex home sales rise 4.6% in July, reversing June dip 

Meanwhile, the median price of a home in the Dallas-Fort Worth area slid 1.7% year over year. 

U.S. ultra-luxury sales rise 4% in first half of 2024 

In Dallas-Fort Worth, five of these properties have traded hands this year, compared to three last year.

Housing inventory reaches post-pandemic high as market continues to balance

The combination of rising inventory and price reductions in Dallas and nationwide is creating a more buyer-friendly market.

Average mortgage rate drops to lowest level in more than a year

The average 30-year fixed mortgage rate dropped more than a quarter point since last week.

Pending home sales regain upward momentum in June 

The National Association of REALTORS® said its Pending Home Sales Index rose 4.8% month over month. 

The most popular ways to upgrade a home in 2024 — without a huge demolition

There are plenty of ways to upgrade a home without knocking down walls or hiring a whole construction crew.

The 10 most expensive new listings in Texas

The priciest new listing in the Lone Star State is a $15.95 million estate in University Park, listed by Allie Beth Allman of Allie Beth Allman & Associates.

Housing data still leans in favor of sellers, REALTORS® Confidence Index shows

Just 13% of respondents expect an increase in buyer traffic in the next three months.

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