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 | Jul 14, 2022 | Uncategorized
Dallas home sales in June continued to be softer than what we have been used to, with single family homes sales off 8% vs year ago, townhome sales off 10% and condo sales off 33%. After a two-year wild ride, we seem to be getting closer to normalcy. While there are...
by Bob Edmonson | Jun 25, 2022 | Uncategorized
May saw a continued trend towards slower home sales, but not in home prices. Home prices took off in 2020 and 2021 due to strong demand in a very low inventory market and a very low mortgage interest rate market. The impact of the pandemic and the Federal Reserves...
