by Bob Edmonson | Feb 18, 2024 | Uncategorized
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...
by Bob Edmonson | Jan 12, 2024 | Uncategorized
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...
by Bob Edmonson | Nov 12, 2023 | Uncategorized
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...
by Bob Edmonson | Oct 27, 2023 | Uncategorized
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...
by Bob Edmonson | Sep 24, 2023 | Uncategorized
With summer officially behind us, we see on paper the impact higher interest rates and low inventory had and continues to have on home sales. That double-whammy of scarcity and 7% mortgage rates kept a lot of potential home buyers on the fence, while discouraging...