Market 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...
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. ...