Pre-Approval Makes All the Difference When Buying a Home

You may have been told that it’s important to get pre-approved at the beginning of the homebuying process, but what does that really mean, and why is it so important? Especially in today’s market, with rising home prices and high buyer competition, it’s crucial to have a clear understanding of your budget so you stand out to sellers as a…

Dallas-Fort Worth new home prices soar to another record

Despite the inventory shortages, total new home sales last month were up from April in D-FW and statewide. The Dallas-Fort Worth housing market reached its highest average new home price ever and its fastest sales pace last month as record-low inventory continued to challenge the real estate market. The inventory squeeze helped drive the three-month…

Don’t Wait To Sell Your House

We’re in the ultimate sellers’ market right now. If you’re a homeowner thinking about selling, you have a huge advantage in today’s housing market. High buyer demand paired with very few houses for sale makes this the optimal time to sell for those who are ready to do so. Whatever the move you want to…

Dallas Area Home Prices Up Recently

Home prices have increased dramatically in the Dallas area since the pandemic began. The rise in home prices showed no signs of abating in early 2021 across most of the country. Prices increased 3.05 percent from February to March in the Dallas-Plano-Irving TX Metropolitan Division, according to the CoreLogic Case-Shiller Index, one of the leading…

North Texas home prices rocket 26% higher in May

The area sees record gains as ‘people are just throwing money at houses.’ Already astronomical North Texas home prices were sent into orbit in May. Median single-family home prices in the area soared an unprecedented 26% from May 2020 levels. The cost of a mid-priced home sold by local real estate agents was at a…

In Today’s Market, Listing Prices Are Like an Auction’s Reserve Price

  For generations, the process of buying and selling a home never really changed. A homeowner would try to estimate the market value of their house, then tack on a little extra to give themselves some negotiating room. That figure would become the listing price. Buyers would then try to determine how much less than the full…

Keeping Current: Home Price Changes

Percent change over the past year Home prices nationwide rose 12.6% in the year ending in the first quarter of 2021, accelerating from the 10.9% rate in the year ending in the final quarter of 2020. A year ago, the year-ago rate for home prices was 6.1%. In the first quarter of 2021, U.S. home…

How Misunderstandings about Affordability Could Cost You

There’s a lot of discussion about affordability as home prices continue to appreciate rapidly. Even though the most recent index on affordability from the National Association of Realtors (NAR) shows homes are more affordable today than the historical average, some still have concerns about whether or not it’s truly affordable to buy a home right now. When addressing…

3 Things To Prioritize When Selling Your House

  Today’s housing market is full of unprecedented opportunities. High buyer demand paired with record-low housing inventory is creating the ultimate sellers’ market, which means it’s a fantastic time to sell your house. However, that doesn’t mean sellers are guaranteed success no matter what. There are still some key things to know so you can avoid costly mistakes…