Market Trends
Collin County Housing Market Shows Strong Opportunities for Savvy Buyers
Collin County Housing Market Shows Strong Opportunities for Savvy Buyers The Collin County Association of Realtors (CCAR) reports that in a market where the winds of change are blowing, savvy buyers in Collin County are seizing the moment as sellers receive 98.3% of the original list price in June 2023—a bold shift from homes selling…
Read MoreCollin County Median Home Price Declines as Homes Sales Increase
Collin County Median Home Price Declines as Homes Sales Increase The Collin County Association of Realtors (CCAR) reports that the fifth month of 2023 continued the year’s 5-month trend of increased closed sales as the county’s median home price trended downward. In May 2023, homes under contract increased by 21.4% from May 2022, while the…
Read MoreCollin County Housing Market Sees Increase in Homes Under Contract, Decrease in New Listings and Median Sales Price
Collin County Housing Market Sees Increase in Homes Under Contract, Decrease in New Listings and Median Sales Price The Collin County Association of Realtors (CCAR) reports that the housing market throughout the county showed promising signs in April 2023, with an increase in homes under contract and a rise in homes for sale. However, according…
Read MoreMajority of Agents, Brokers Find Value in Promoting Energy Efficiency in Listings, According to NAR Report
Majority of Agents, Brokers Find Value in Promoting Energy Efficiency in Listings, According to NAR Report A majority (63%) of agents and brokers said promoting energy efficiency in listings is very or somewhat valuable, according to a new report from the National Association of Realtors®. The 2023 REALTORS® and Sustainability Report – Residential examines sustainability…
Read MoreMiddle-Income Homeowners in Dallas-Fort Worth-Arlington Gained More Than $167,560 in Wealth Over the Past Decade from Home Appreciation
Middle-Income Homeowners in Dallas-Fort Worth-Arlington Gained More Than $167,560 in Wealth Over the Past Decade from Home Appreciation New data from the National Association of Realtors® reveal middle-income homeowners in Dallas-Fort Worth-Arlington, TX accumulated $167,560 in wealth as their homes appreciated over the last 10 years. The data, which was featured prominently in NAR’s new…
Read MoreTexas Mortgage Market Optimistic as Home-Purchase Originations Rebound
Texas Mortgage Market Optimistic as Home-Purchase Originations Rebound Mortgage-interest rates dipped lower in March, leading to increased business activity and an improved outlook across Texas’ residential mortgage market, according to the latest Texas Residential Mortgage Survey (TRMS). The volume and average value of home-purchase originations continued to rebound from last year’s contraction, and additional growth…
Read MoreVolume & Value of 30-Year Fixed-Rate Mortgages Increase Despite Higher Interest Rates
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…
Read MoreCollin County Housing Inventory Can’t Keep Up
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…
Read MoreTexas’ Mortgage Market Showing Signs of Stabilizing
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…
Read MoreNew Year, New Calm for Real Estate
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…
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