Dallas County tops North Texas in January home sales

Greatest price increases were in Dallas and Ellis counties. Dallas County had the largest number of home sales in North Texas during the first month of 2021. Real estate agents sold 1,733 homes during January — an increase of 13.9% from a year earlier, according to data from the MetroTex Association of Realtors. For all…

Experts discuss how strong 2021 will be for DFW’s real estate market

At the beginning of 2021, the Texas Real Estate Research Center at Texas A&M University in College Station released its annual housing and economic outlook report for the new year. The predictions found in the report are nothing too shocking if you’ve been following along with previous reporting by the Dallas Business Journal. “Office occupancy will probably not…

‘Red hot’ Dallas-Fort Worth housing market hits near-record level

Boosted by continued strong housing demand and low mortgage rates, Dallas-Fort Worth builders pushed new home starts to a near-record level in 2020. DFW area builders initiated construction on 13,667 units in the fourth quarter of 2020, a 51.3 percent increase over the 9,034 starts in fourth quarter 2019. For the year, builders started 47,919…

D-FW home prices are forecasted to rise by more than 5% in 2021

Local price increases will trail the national rise. Dallas-Fort Worth home prices are predicted to grow by more than 5% this year in a new forecast. California-based Construction Coverage, a building industry research and reporting firm, predicts that median Dallas-Fort Worth home values will grow at a lower rate than the nation in 2021. Home…

North Texas home sales surged in November

Median home prices rose 13% from 2019 levels. North Texas home prices soared in November with the highest increases in more than three years. And sales of single-family homes by real estate agents were up 23% from 2019 levels. November was the sixth month in a row of double-digit percentage home sales gains in North…

Dallas homeownership rate climbs to record high during pandemic, report says

Buoyed by historically low mortgage rates and robust home sales activity, Dallas is basking in record-high homeownership rates. In the third quarter of this year, the homeownership rate in Dallas-Fort Worth climbed to 69 percent, according to a report released November 17 by the Texas A&M University Real Estate Center. That compares with 64.9 percent in the second…

Winter Will Bring a Flurry of Activity to the Housing Market

  In the second half of this year, the housing market surged with activity. Today, real estate experts are looking ahead to the winter season and the forecast is anything but chilly. As Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), notes: “It will be one of the best winter sales years ever.” The typical winter slowdown in the…