Homebuyers purchased 2,027 new homes during the month, down from 2,141 in July but up from 1,862 in August 2024.

The pace of new-home sales hit an annual rate of 800,000, its highest level since January 2022. 

Fannie Mae also reduced its forecasts for home sales in 2025 and 2026. 

The move was widely anticipated and is expected to be followed by additional cuts this year. 

The jump in mortgage activity was driven in large part by refinancings, which surged 58% in the week ended Sept. 12. 

At the same time, completions of new single-family homes were on the rise last month, according to federal statistics. 

The National Association of Home Builders said its monthly builder-confidence survey indicated rising optimism that lower interest rates could spur new-home buying activity. 

The two most expensive homes sold in Fort Worth last month were both listed by Deeann Moore of Moore Real Estate.

Amid increased choices and lower prices, closed home sales rose 1.6% year over year, with 8,246 homes sold.

GFWAR’s latest Fort Worth housing report shows that active listings rose 12.3% year over year, meaning increased options for area homebuyers.

The surge comes as the rate on a 30-year fixed-rate mortgage fell to its lowest level since October 2024. 

The rate of home-price appreciation slowed to just over half the rate of inflation in July, Cotality noted. 

Despite the decrease in borrowing costs, the Mortgage Bankers Association’s Market Composite Index showed a decrease in mortgage applications in the week ended Aug. 29. 

Despite a slowdown in single-family construction activity, newly built homes are becoming increasingly accessible to American buyers, in terms of both availability and affordability. According to data from the New-Construction Insights report released by Realtor.com, in the second quarter

Dallas agent Michelle Wood of Compass RE Texas is responsible for listing two of the 10 most expensive new listings in the Lone Star State.

Signed contracts declined despite lower interest rates and improved affordability and inventory, the National Association of REALTORS® said.