National News: Pending Home Sales Grew for Third Straight Month, Up 0.8% in February
Pending home sales grew in February for the third consecutive month, according to the National Association of REALTORS®. Three U.S. regions posted monthly gains, while the West declined. All four regions saw year-over-year decreases in transactions. The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home sales based on contract signings – improved 0.8%…
Candidate Interviews for the 2023 General Elections
Each election cycle, CCAR conducts candidate interviews for political offices in order to better understand the candidates’ ideas and visions for when they become elected to public office. TREPAC then may choose to support the candidates who champion private property rights and uphold our REALTOR® members’ values. In order to ensure transparency and participation from…
Volume & Value of 30-Year Fixed-Rate Mortgages Increase Despite Higher Interest Rates
Business activity increased across Texas’ residential mortgage market for the second straight month in February, according to the latest Texas Residential Mortgage Survey (TRMS). Despite interest rates bouncing up after a fourth-quarter decline, the volume and average value of 30-year fixed-rate mortgages accelerated and are expected to elevate over the next six months. The uptick…
Announcing CCAR TRLP Class XV
Please join us in congratulating these Greater Collin County Area REALTORS® on their acceptance into the 2023 Texas REALTORS® Leadership Program (TRLP) Class XV. They were nominated, accepted, and now begin their journey to becoming part of an elite group of real estate leaders. Click here to learn more.
Collin County Housing Inventory Can’t Keep Up
The Collin County Association of Realtors (CCAR) reports that housing inventory is set to remain tight as homes under contract outpaced previous years and a relatively flat number of homes entered the market. Collin County housing demand remained high as 38.7% more homes went under contract in February than the previous year, although only 1.5%…
Contract Changes and Homeowners Associations
Written by Ryan Jeffrey with Republic Title and Member of CCAR’s Affiliate Committee In November 2022, the Texas Real Estate Commission adopted form revisions recommended by the Texas Real Estate Broker-Lawyer Committee that became mandatory on February 1, 2023. One of the areas that we often get questions about relates to Changes to the Addendum…
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…