Current surge in home buying and price hikes will continue into next year, top Texas economist predicts. North Texas home sales and prices have surged to record levels in the last three months — one bright spot during the pandemic. The boom in Dallas-Fort Worth’s housing market is likely to continue through 2021 as the…
Category: real estate news
The #1 Reason Not to Wait to List Your House for Sale
Many industries have been devastated by the economic shutdown caused by the COVID-19 virus. Real estate is not one of them. Mark Fleming, Chief Economist for First American, just reported: “Since hitting a low point during the initial stages of the pandemic, the only major industry to display immunity to the economic impacts of the coronavirus is the housing market….
Dallas County leads in home price gains
Plunging home inventories fuel huge price hikes across North Texas. With home sales surging across North Texas, Dallas County leads the area in home price gains. Median home sales prices in Dallas County were up more than 16% last month from a year earlier, according to a new report from the MetroTex Association of Realtors….
D-FW ranks as one of the top U.S. property markets for 2021
But Austin is rated higher for the second year in a row in the annual Emerging Trends report. For the second year in a row, Austin outshines Dallas-Fort Worth in a long-running real estate beauty contest. But the real star of the annual “Emerging Trends in Real Estate” report is Raleigh-Durham, N.C., which was voted…
Is it Time to Move into a Single-Story Home?
Once the kids have left the nest, you may be wondering what to do with all of the extra space in your home. Chances are, you don’t need four bedrooms anymore, and it may be a great time to sell your house and downsize, maybe even into a single-story home. You’ve likely gained significant equity if you’ve…
Are you living in the home that you want to be living in?
Someone asked me an interesting question the other day…and I thought…hmm…I need to throw that out there and see what you think about it. So the question is, “Are you living in the home that you want to be living in?” Kind of an interesting question, isn’t it? I think we all get used to…
Housing Market on Track to Beat Last Year’s Success
Back in March, as the nation’s economy was shut down because of the coronavirus, many were predicting the real estate market would face a major collapse. Some forecasts called for a 15-20% decline in transactions. However, six months later, it seems as though the housing market has fully recovered. Mark Fleming, Chief Economist at First American, announced last week: “Since…
Where Are Home Values Headed Over the Next 12 Months?
As shelter-in-place orders were implemented earlier this year, many questioned what the shutdown would mean to the real estate market. Specifically, there was concern about home values. After years of rising home prices, would 2020 be the year this appreciation trend would come to a screeching halt? Even worse, would home values begin to depreciate?…
Home flippers aren’t taking a holiday for pandemic
“I found this article from Steve Brown with the Dallas News interesting. He mentions how well home flippers are doing right now. I am not finding that to be true. With inventory so low, the investor is not able to buy homes for pennies on the dollar like they were last year. I get 5+…