By the Numbers
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.
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.
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.
The pace of home-price appreciation declined to its slowest pace in two years, according to the S&P Cotality Case-Shiller U.S. National Home Price Index.
The metro will add 28,958 units by the end of the year. The only city adding more units is New York.
The upside surprise came despite monthly and yearly declines in the pace of sales.
The typical $1,500 apartment in Garland is about 921 square feet — over 200 square feet bigger than the national average, according to RentCafe.
The association said the housing market is making a definitive swing back in the direction of the buyer thanks to wage growth, slowing home-price gains and rising inventory.
International transactions increased 9% year over year, with 7,500 purchases made by foreign homebuyers.
The single-family sector managed to eke out a slight monthly gain, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.