1031 Exchanges – Basic Rules and Key Information
Written By: Whitney Nash, President/CEO/Qualified Intermediary at Above & Below 1031 LLC and Member of CCAR’s Affiliate Committee. As a client’s trusted advocate throughout a real estate transaction, real estate agents are likely to receive questions about 1031 exchanges or may recognize that a client might benefit from doing one because of their situation. There…
Texas’ Mortgage Market Showing Signs of Stabilizing
Initial signs of stabilization appeared in Texas’ residential mortgage market, according to the Texas Residential Mortgage Survey (TRMS). Industry conditions worsened through much of last year as the Federal Reserve increased interest rates to tame inflation and normalize post-pandemic demand across the economy. The January TRMS, however, indicated an uptick in residential mortgage activity relative…
The Texas Legislature: Let’s Talk About It
What is the Texas Legislature and what does that mean for the state? Those are great questions to discuss now that we have entered the 88th Texas Legislature. The Texas Legislature is the state Senate and House of Representatives coming together to consider proposed laws and resolutions, consideration of proposed constitutional amendments for submission to…
New Year, New Calm for Real Estate
The Collin County Association of Realtors (CCAR) reports that a new calm descended over home buying in January as increased inventory allowed buyers to shop around and sellers continued to enjoy more money at the closing table. A Collin County home buyer had 234.2% more homes to choose from in January 2023 compared to January…
BrokerBay Update: Home Inspectors, Photographers, and Pending Status Listings
Booking Appointments: Home Inspectors and Photographers You asked, and we’ve heard you! NTREIS and BrokerBay have been working hard behind the scenes to make Home Inspector/Photographer booking easier for your marketplace. Previously, affiliates would call the BrokerBay Live Concierge, and be told to directly book the appointment with the listing agent and that they could…
Can Title Monitoring Services Really Prevent Someone from Stealing Your House?
Co-Authored by Melanie Chaiken and Jennifer Kuczaj with Allegiance Title (Frisco and Plano locations) Over the past few years, there has been an abundance of television, radio, and social media ads from several companies proclaiming the same frightening message: Fraudsters are trying to steal your house! Because publicly available property records, including deeds and deeds…
National News: Pending Home Sales Increased 2.5% in December, Ending Six-Month Slide
Pending home sales increased in December for the first time since May 2022 – following six consecutive months of declines – according to the National Association of Realtors®. The Northeast and Midwest recorded month-over-month reductions, while the South and West posted monthly gains. All four U.S. regions saw year-over-year decreases in transactions, with the West…
Seller Concessions Reemerge in Residential Transactions
The Collin County Association of Realtors (CCAR) reports that a steady increase in new listings and the simultaneous decline of homes under contract increased the area’s months supply of homes for sale by three times. The area had 8.2% more new listings and 10.0% fewer homes that went under contract in December than the previous…
We’re Blasting Off Into 2023 & We Want You to Join us!
It’s time to build for the future and invest in YOU! We invite you to start off the year right on Tuesday, January 24, at the Plano Event Center from 9 a.m. to 4 p.m. This action-packed day features industry experts who will be sharing their knowledge and insights! Diane Donley, VP of Business Development-…