The latest reading of the National Association of REALTORS® Pending Home Sales Index shows a return to month-over-month growth after a decline in July.    

Prices were up 0.6% month over month and 2.3% year over year, according to First American Data & Analytics’ monthly Home Price Index report. 

The 716,000 per-year rate of new-home sales topped the consensus estimate of 700,000. 

“As the saying goes, ‘always be marketing.'” — Jennifer Swoope, real estate agent, Jennifer Swoope Real Estate

In University Park, $257,095 is the minimum income to be considered middle class, according to GOBankingRates. The maximum, meanwhile, is $771,286.

In its monthly report, HomesUSA said home prices were relatively flat during the same period. 

The 2.5% decline followed a 1.3% increase in July, according to the National Association of REALTORS®. 

Closed home sales were down 4.3% year over year, according to the MetroTex Association of REALTORS®. 

Mortgage rates have been dropping in recent weeks in anticipation of the Fed’s move.

The Metroplex also ranked No. 3 in the U.S. for new listings, according to the latest RE/MAX National Housing Report.    

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

The expectation of a rate cut this week, and the potential for more later in the year, has already moved mortgage rates lower.

The three-person team was previously affiliated with Dave Perry-Miller Real Estate. 

Rate introduced its Spanish-language mortgage process in 2022.

The subject of housing came up four times during Tuesday night’s presidential debate — all mentions were by Vice President Kamala Harris.

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