by Bob Edmonson | Jan 10, 2023 | Uncategorized
Only two weeks have passed since my most recent report on the November data (attached), but we now can report on the full year results for 2022. Single family home sales totaled 6,246 properties in December, representing 29% fewer sales than in December 2021. ...
by Bob Edmonson | Dec 27, 2022 | Uncategorized
What a year! We started the year with 3% mortgage rates and will end the year with 6% mortgage rates, a 20-year high. The doubling on rates actually occurred half way through the year, and the speed of this increase shocked our real estate industry. The Federal...
by Bob Edmonson | Nov 23, 2022 | Uncategorized
Home sales continue to slow, with sales of single family homes in North Texas down 22% in October compared to October 2021. No surprise, Condos and Townhome sales were also down double digits. But…median sales prices are slipping more slowly and are still...
by Bob Edmonson | Oct 18, 2022 | Uncategorized
Dallas’ median price for single-family homes continued to sell higher than last year, but still lower than in the past few months. The median price for those single-family homes was $404,000 in September, up 13% from the same period last year, but down from...
by Bob Edmonson | Sep 22, 2022 | Featured Blog Posts
It’s late September as I write this, and today we had another (and predicted) increase in the federal funds rate. While mortgage rates are tied more to the rate of the 10-year bond, we did see the bias toward higher mortgage rates, touching 6.29% today. These...
