BOB EDMONSON
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BOB’S MARKET UPDATE

BOB’S DALLAS REAL ESTATE UPDATE

Mortgage Rates to Continue Riding Wave through 2024

Hello friends, attached is a document from Allie Beth’s November 8, 2024 Allmanac that I would like to share with you. 

The context of the document discusses the state of mortgage rates in the U.S. as of November . It highlights that rates are expected to remain stable, just below 7%, despite recent cuts by the Federal Reserve. Key factors influencing this stability include the 10-year Treasury yield and geopolitical issues. Additionally, a report from the National Association of Realtors reveals demographic trends in homebuying, noting that the median age of first-time homebuyers has risen to and there is a significant increase in single women buyers. The data also mentions that higher borrowing costs and home prices have resulted in more sales among repeat buyers, who typically average around 61 years of age.

Here are five possible questions you might consider asking:

  1. What are the main factors contributing to the stability of mortgage rates?
  2. How has the demographic makeup of homebuyers changed recently?
  3. What is the significance of the increase in single women buyers in the housing market?
  4. How do current mortgage rates compare to historical rates?
  5. What impact might geopolitical issues have on future mortgage rates?

Click here to download the PDF.

If you have any questions or want to know of some great opportunities in real estate throughout the DFW and North Texas, please email me or give me a call at (214) 563-8540.

 

Bob

PREVIOUS MONTHLY UPDATES

Mortgage Rates to Continue Riding Wave through 2024

Hello friends, attached is a document from Allie Beth’s November 8, 2024 Allmanac that I would like to share with you.  The context of the document discusses the state of mortgage rates in the U.S. as of November . It highlights that rates are expected to remain...

Dallas is the Top Real Estate Market to Watch in 2025

Hello friends, attached is a report from Allie Beth's November 1 Allmanac that I would like to share with you. The good news revolves around a report by PricewaterhouseCoopers and the Urban Land Institute, which forecasts that the Dallas-Fort Worth (DFW) area will...

Dallas Home Sales Stats for June, 2024

Dallas area single family home sales in June fell 11% from year ago, an unusual and steep decline for a normally busy month in the spring market.  We saw this coming in May with pending sales for June down 11%, and we might anticipate this again in July, as pending...

Dallas Home Sales Stats for May, 2024

May home sales in the greater Dallas area were generally flat, under performing expectations given May's typically stronger sales market during our spring season. Still, 8646 single family homes sold in North Texas neighborhoods, on par with year-ago May and 2...

Dallas Home Sales Stats for April, 2024

The home sales market in our North Texas neighborhoods took some positive steps forward in April, with single family homes advancing 8%. condos 4% and townhomes 2% vs year ago numbers.  It is the heart of the Spring Market afterall!  Median sales prices were also...

Dallas Home Sales Stats for March, 2024

Home sales in 2024 are lackluster at best, with first quarter results unchanged from year ago for single family homes.  For March specifically, single family home sales for the North Texas MLS market were 7% lower than last year, for Dallas County down 2%, Tarrant...

Dallas Home Sales Stats for January, 2024

We are off to a good start! Sales of single family homes in North Texas were up 14% in January and in the Dallas County portion, up 22% year over year.  Median sales prices inched ahead as well, up 1%, breaking a several months-long losing streak.  Dallas County saw a...

Dallas Home Sales Stats for December and 2023

The Year 2023 is in the books, and for most home buyers and sellers, reason to look forward to 2024.  December sales of single family homes in the greater Dallas area were down 4% from a year ago, with median sales prices holding steady.  For the full year, home sales...

Dallas Home Sales Stats for October 2023

Our Dallas area sales data for October was generally negative but not without some encouraging results heading into the holidays.  In my recent columns, I have alluded to the various factors creating a drag on our dependable housing growth, including rapidly rising...

Dallas Home Sales Stats for Sept 2023

It's anyone's guess where mortgage interest rates are headed.  Last January, the chief economist for the National Association of Realtors felt pretty good about low 6's and even 5% by year end.  He is a smart guy, and I parroted him in this newsletter back then. ...

BOB’S COMMUNITIES

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Park Cities
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Highland Park and University Park.
Highland Park
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University Park
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Preston Hollow
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Turtle Creek
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Oak Lawn
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Lake Highlands
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North Dallas
Allie Beth Allman & Associates brings you North Dallas – one of the most desirable real estate areas in DFW.
Dallas Arts District
Allie Beth Allman and Associates offers prime real estate in the Dallas Arts District.
Kessler Park
Allie Beth Allman is your real estate resource for informative advice on the best available homes within the Kessler Park and Oak Cliff areas.
Frisco
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Plano
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Southlake
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Grapevine
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Highland Park and University Park.
Colleyville
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Highland Park and University Park.
Westlake
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Highland Park and University Park.

BOB’S CLIENTS

What Bob’s Clients Are Saying About His Stellar Service

Thank you very much for taking such good care of our faculty candidate when you showed him around Dallas. He told several of us how pleased and impressed he was with your tour, and I have passed the glowing report to other program coordinators

Robyn K.

Thank you so much for helping my parents find a new home in Dallas. I am so grateful to you for your patience and willingness to explore a wider area for my family

Rachel W.

You are such a kind, professional, super Realtor. You went above & beyond for us & we are grateful for your expertise & your patience.

Charles W.

BOB EDMONSON

Bob Edmonson has experienced life in other U.S. Metros, but his life has been centered here in the Big ‘D’ for over four decades.

Though he enjoys the cultural perks that come with living in a world class city, Bob finds deep satisfaction in participating in his community, volunteering on boards and working with the City of Dallas.

Serving on the Uptown Dallas Inc board, Bob promotes the Uptown area of Dallas as a wonderful place to live, work and play.

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