by Bob Edmonson | Jul 15, 2023 | Uncategorized
We just emerged from the Spring Market, and as expected it was not our best. Half way through the year, single family home sales are down 6%, townhome sales down 7%, and condo sales down 24%. It appears the trend is starting to level out as it begins its inevitable...
by Bob Edmonson | May 16, 2023 | Uncategorized
Our market is doing a pretty good job combatting the evils of higher interest rates and low inventory. Overall single family sales were down 8% in April vs year ago, following a nice runup in March, when sales were 29% higher than in March ’22. Year to date,...
by Bob Edmonson | Mar 11, 2023 | Uncategorized
Ready for some good news? Dallas area home sales were UP in February. After eleven consecutive months of lower sales, mostly double-digit declines, we managed to squeeze out a 1% increase vs year ago February. It is an achievement not every major city in the...
by Bob Edmonson | Feb 17, 2023 | Uncategorized
Dallas area home sales in January were 27% lower than this time last year, as mortgage rates continued to discourage potential home buyers. Mortgage rates have settled into a somewhat steady pace since mid-December, hovering around 6.5% for conventional loans (<...
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...