Rural Land Expert: ‘Insatiable Appetite’ for Land, Record Prices, and Activity that ‘Defies Fundamentals’
Competition for a limited supply of land for sale pits investors, developers, and end-users against each other. In no place in Texas is this truer than in the Austin-Waco-Hill Country region (see map). Research Economist Dr. Charles Gilliland with the Texas Real Estate Research Center (TRERC) at Texas A&M University monitors the rural land market…
Collin County Association of REALTORS® Installs 2022 Leadership
The Collin County Association of REALTORS® (CCAR) held its 2022 Installation of Officers and Directors on November 19 at the Westin Dallas Stonebriar Golf Resort and Spa in Frisco. The event’s theme, “Back to the Future of Real Estate,” provided the backdrop for the installation of Marissa Benat as CCAR’s 2022 President. As a REALTOR®…
NAR Profile of Home Buyer and Sellers Draws National Media
The annual report covers demographics, preferences, and experiences of buyers and sellers across the United States. 2021 marks the 40th anniversary of the profile. This year’s profile, based on a survey of those who bought a home between July 2020 and June 2021, reflects the effects of the COVID-19 pandemic on transactions. “Buyers and sellers…
Is the Texas Housing Frenzy Over?
Housing market indicators are signaling the Texas housing frenzy is over, says a research economist for the Texas Real Estate Research Center at Texas A&M University. “Both housing sales growth and housing price growth have peaked and are slowing,” said Dr. Luis Torres. “In addition, months of inventory, listings, and days on market have reached…
Texas Home Sales Decrease, Median Price Rises in Third Quarter of 2021
Texas REALTORS® releases 2021-Q3 edition of the Texas Quarterly Housing Report The Texas housing market slowed slightly following a strong summer sales season, according to the 2021-Q3 Texas Quarterly Housing Report released today by Texas REALTORS®. The number of homes sold across the state declined 3.5% in the third quarter of 2021 compared to the previous year. This…
Pending Home Sales Dip 2.3% Nationally in September
Pending home sales dipped in September, retreating slightly following a previous month of growth, according to the National Association of Realtors®. Each of the four major U.S. regions saw contract activity decline month-over-month and year-over-year, with the Northeast weathering the largest yearly drop. The Pending Home Sales Index (PHSI),* www.nar.realtor/pending-home-sales, a forward-looking indicator of home…
Corelogic Product Re-Brand Guide
Corelogic is rebranding all products to better indicate their function. You will begin to see references to the “new” product names, so here is your guide: Corelogic Listing Management Platform (CLLMP) – Matrix Corelogic Property Insights Platform – Realist Corelogic Data Management Platform – Trestle
Who Can Perform Property Management Services
One of the most common complaints submitted to the Texas Real Estate Commission (TREC) is in relation to property management. TREC requires that license holders must be competent in the field in which they are working. With so many specific rules in regard to property management, it’s very easy to miss a critical component, which…
Changes to Matrix Auto Email Verbiage
Minor changes were made to the Auto Email default messaging, which are displayed below. “Current” reflects the old messaging and “New” reflects the changes just made. The default email is clearer and more concise and can still be customized by the agent.
Changes to National Flood Insurance Program will Have Significant Impact on Real Estate Industry
Key Changes FEMA-NFIP Effective Oct. 1, 2021, the Federal Emergency Management Agency (FEMA) made significant changes to the National Flood Insurance Program (NFIP) factoring into insurance pricing modeling more elements that accurately reflect each property’s unique flood risk. The new rating program is known as Flood Insurance Risk Rating 2.0. According to FEMA, the…