Tag Archives: Housing Market
We wanted to get some boots-on-the-ground perspective from North Texas Realtors after Forbes named Fort Worth-Arlington and Dallas-Plano-Irving as the top two “best buy cities,” or areas in the U.S. where buying a home is a good investment. Forbes teamed up with Local Market Monitor to measure the “equilibrium home price,” which strips away several layers of market influence such as speculation and the cyclical boom-bust nature of housing.
First-time homebuyers are finding it harder and harder to get into their dream home.
The National Association of Realtors said that first-time homebuyers make up only 28 percent of the national housing market in a Jan. 28 new story, the lowest number since the organization started measuring the demographic in 2008. According to the NAR, first-time homebuyers typically make up about 40 percent of the market, but several factors are keeping them from purchasing a home, including higher competition for lower priced properties, which are being swept up by investors at increasingly high rates. Continue reading
Buying Up The Bling: Texas Luxury Home Sales Post Double-Digit Growth, With Sales of Posh Pads in Dallas up 22 %
Homes priced at $1 million or more are moving like hotcakes in Texas, according to the 2014 Texas Luxury Home Sales Report from the Texas Association of Realtors. The figures, assembled using data from the Real Estate Center at Texas A&M University, show that every Texas metro area posted double-digit growth in luxury price ranges.
Dallas Real Estate News: Case-Schiller Composite Shows Dallas Home Prices Continue To Climb, But Economic Recovery is Slow
Don’t get me wrong, I am thrilled to see Case-Schiller reporting double-digit annual growth across all composites in their latest report. The 10- and 20-city composites showed gains of 10.3 and 10.9 percent through the year ending in March 2013.
Survey Says … Trulia Economist Asked Homeowners What Their Biggest Regret is as National Housing Market Shows Signs of Rebound
More and more homeowners are seeing the light at the end of the tunnel, and as the downward trajectory of the housing market turns upward, they are also seeing missed opportunities.
Good Luck Finding a House! Forbes Ranks Dallas as Third-Fastest Growing City Behind Houston And Austin
As Candy already mentioned, pre-owned inventory is scary low, which is driving prices up for Dallas properties. Sure, demand means a seller’s market, but what about all of the folks that are either being born or moving to Dallas? That’s putting our housing market in a tough spot! Several big corporations have moved to Dallas in recent years — Comerica Bank being one of the largest — which has made move-in ready pre-owned homes sell like hotcakes. Continue reading
They may be talking Fiscal Cliff in D.C., but you can only say good things about our housing market unless, that is, you live in Chicago. Or New York. The Standard & Poor’s/Case-Shiller Index shows home prices continued to rise in October, with prices up 4.3% annually within the 20-city composite index that S&P scrutinizes for us.
I bet big builders like Lennar Corp., Fort Worth-based D.R. Horton, and Pulte Homes are breathing a collective sigh of relief. According to a report from the U.S. Census Bureau and U.S. Department of Housing and Urban Development, housing starts are up — way up, as a matter of fact — from November 2011.
I hate to put a damper on your holiday week, but hope you saw this item: the agency responsible for guaranteeing most of our housing loans, may need a bailout: FHA. The agency doesn’t make loans, but it backs lenders if borrowers stop paying, like a nice parent or co-signee. With this guarantee in place, banks are more comfy offering mortgages to borrowers with lower credit scores or incomes. It also allows prospective homeowners to buy property with down payments as low as 3.5%, such as first time home-buyers. So even with 872,000 new housing starts in September, home prices up nationally by 11.7% and us humming right along with a 29% increase in home sales in North Texas in October, we hear the FHA may be headed to the ER:
Something Significant Happened This Past Week In Dallas Real Estate: the WSJ Almost Said It’s Miller Time, Here
To a real estate junkie like me, this was almost as exciting as getting a new Porsche: People are starting to get wise about Standard & Poor’s Case-Shiller report. Did you notice that numbers came out this week, Monday in fact, the news was pretty bleak IN SOME LOCALES, but no one (here, at least) freaked out? Then the Wall Street Journal produced what I think is one of the most significant real estate articles in eons. If you don’t subscribe and cannot read it, here is what it says in a nutshell: REAL ESTATE IS A LOCAL STORY.