Market Trends
Volume & 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…
Read MoreSeller Concessions Reemerge in Residential Transactions
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…
Read MoreNovember Home Buyers Gave Thanks for Increased Housing Inventory
November Home Buyers Gave Thanks for Increased Housing Inventory The Collin County Association of Realtors (CCAR) reports increased inventory throughout the county as more homeowners listed their homes in November 2022 than the year prior, and fewer homes went under contract. The area had 7.7% more new listings and 15.5% fewer homes that went under…
Read MoreCollin County Welcomes a New Season of Home Buying and Selling
Collin County Welcomes a New Season of Home Buying and Selling The Collin County Association of Realtors (CCAR) reports that as the leaves turned, Collin County welcomed a new season of home buying and selling as homes remained on the market longer, continued to sell below their original list price, and increased housing inventory. In…
Read MoreNational News: Existing-Home Sales Slipped 0.4% in August
National News: Existing-Home Sales Slipped 0.4% in August Existing-home sales experienced a slight dip in August, marking the seventh consecutive month of declines, according to the National Association of REALTORS®. Month-over-month sales varied across the four major U.S. regions as two regions recorded increases, one was unchanged and the other posted a drop. On a…
Read MoreCollin County Home Sellers Open to Negotiation
Collin County Home Sellers Open to Negotiation CCAR reports that home sellers were open to negotiation in August and accepted offers for less than their original list price for the first time since January 2021. In August, Collin County homes remained on the market for 24 days on average and sold for 97.9% of the…
Read MoreNational News: Pending Home Sales Slipped 1.0% in July
National News: Pending Home Sales Slipped 1.0% in July Pending home sales declined for the second consecutive month in July, and for the eighth time in the last nine months, according to the National Association of REALTORS®. Three out of four major regions registered month-over-month decreases, though the West notched a minor gain. Year-over-year, all…
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