Median Home Sales Price in Texas Rises 18.6% in the First Quarter of 2022
The median sales price of Texas homes topped $325,000 during the first quarter of 2022, an increase of 18.6% compared to the same period last year, according to the 2022-Q1 Texas Quarterly Housing Report released today by Texas REALTORS®. “The demand for Texas housing continued its rapid, upward trajectory during the first three months of…
7 Reasons You Should Work With A REALTOR®
When you’re sick, you go to the doctor. When your car breaks down, you go to a mechanic. The point is that we always turn to professionals when we find ourselves in need of advice. Why should buying a home be any different? There are many reasons why you should work with a real estate…
Collin County Home Buyers Paid 108.5% of the Original List Price in March
The Collin County Association of Realtors (CCAR) reports that home prices continued to rise in March while inventory remained problematic throughout the county. In March, homes went under contract in 22 days for 108.5% of their original list price on average. At the closing table, home buyers paid a median sales price of $540,000, 37.2%…
April is Fair Housing Month: How Do You Rate?
Check yourself. Educate yourself. Hold yourself accountable. Because That’s Who We R®. April is Fair Housing Month, and a great time to ensure you are helping to build thriving, inclusive communities. Visit nar.realtor/FHM to access tools to help you prevent discrimination in real estate. Fair Housing Resources Created for You: Fair Housing Month Events Fair Housing…
How to Get the Stats you Need On-Demand
CCAR strives to provide the tools and resources you need to succeed. As part of that effort, we have created and curated a collection of training items so that you can take full advantage of the on-demand data sources available to you. Accessing On-Demand Data Sources NTREIS Trends 5-Minute Overview In-Depth Video Tutorial PDF User…
What You Need to Know About Single Premium Mortgage Insurance
By Mickey Lynam (NMLS 974623), First Horizon, Member of CCAR’s REALTOR®/Lender Committee What is Mortgage Insurance? Typically, borrowers making a down payment of less than 20% of the purchase price of the home will need to purchase mortgage insurance. This insurance policy protects the lender in case the borrower stops making payments. Single Premium…
Homebuyers and Sellers Look to REALTORS® to Navigate Hot Texas Real Estate Market
Today, Texas REALTORS® released the 2022 Texas Homebuyers and Sellers Report, providing in-depth insights into the demographics, motivations and opinions of Texas homebuyers and sellers who had a real estate transaction between July 2020 and June 2021. The report also outlines information related to Texas real estate consumers’ income, ethnicity, age and perceptions of the homebuying and…
Investor Beware: What REALTORS® and Investors Need to Know
By Amy Karns, Property Manager at A Plus Management, Real Estate Broker, and Member of CCAR’s Property Management Committee The DFW area continues to be a hot market for investors. While this is exciting news for most REALTORS®, there are a couple of areas to watch out for. Acquiring a property with a tenant…
On-Demand Data Sources Replace Pulse Reports
CCAR takes dues money seriously and strives to put it to good use. After careful evaluation, we have found additional market data sources provide the same data obtained through the Pulse, and more. In the coming days we will provide training via videos, documents, and personalized support to ensure you have the tools and resources…
Out-of-State Movers Not to Blame for Surging Texas Home Prices
Increased migration to Texas, particularly from higher-income states like California, has prompted concerns of diminished housing affordability as newcomers search and compete for housing. However, new analysis by the Texas Real Estate Research Center (TRERC) indicates migration patterns offer little explanation for the recent runup in home prices. “There is essentially no correlation between Texas’…