Market Trends
Collin County Market Moves in a New Direction
Collin County Market Moves in a New Direction The Collin County Association of Realtors (CCAR) reports the Collin County housing market may be moving in a new direction as home inventory increased despite fewer new listings in July, possibly due to slowed buyer demand. In July, 4.1% fewer homes entered the market compared to the…
Read MoreHigher Mortgage Interest Rates Hurting Texas Housing Affordability
Higher Mortgage Interest Rates Hurting Texas Housing Affordability Texas housing overall is still affordable. However, higher mortgage interest rates are contributing to declining housing affordability statewide, according to a new report from the Texas Real Estate Research Center (TRERC) at Texas A&M University. “A popular metric developed by TRERC and deployed by industry groups depicts…
Read MoreCCAR Mortgage Minute
CCAR Mortgage Minute By Ronnie Rushing of Echo Home Loans and member of CCAR’s REALTOR® and Lender Committee. Make sure you are using all the programs that are available for your clients. When you arm yourself with more knowledge of the wide range of loan options that are available for buyers, you can provide better…
Read MoreNational News: Pending Home Sales Fell 8.6% in June
National News: Pending Home Sales Fell 8.6% in June Pending home sales decreased in June, following a slight increase in May, according to the National Association of REALTORS®. All four major regions posted month-over-month and year-over-year pullbacks, the largest of which occurred in the West. The Pending Home Sales Index (PHSI),* www.nar.realtor/pending-home-sales, a forward-looking indicator of…
Read MoreNational News: Existing-Home Sales Slid 5.4% in June
National News: Existing-Home Sales Slid 5.4% in June Existing-home sales dropped for the fifth straight month in June, according to the National Association of REALTORS®. Three out of four major U.S. regions experienced month-over-month sales declines and one region held steady. Year-over-year sales sank in all four regions. Total existing-home sales,1 https://www.nar.realtor/existing-home-sales, completed transactions that include…
Read MoreJune Provides an Edge for Some Weary Homebuyers
June Provides an Edge for Some Weary Homebuyers The Collin County Association of Realtors (CCAR) reports that homes continued to sell quickly and for more money than one year ago despite an increase in housing inventory. Collin County had 23.8% more new listings in June compared to the year prior (2,590 vs. 2,092), providing homebuyers…
Read MoreRise of the ARM
Rise of the ARM By Marc Starr, NMLS# 230875, Supreme Lending and Member of CCAR’s REALTOR® & Lender Committee “Today’s ARM [Adjustable Rate Mortgage] is not your father’s ARM, and is worthy of being considered. Especially for people who plan on moving or paying off the loan before it resets” -Marc Starr Conventional and Jumbo…
Read MoreFinally! Increased Inventory in Collin County
Finally! Increased Inventory in Collin County The Collin County Association of REALTORS® is happy to report increased inventory. However, the long-anticipated headline proved to be lackluster for homebuyers as home prices continued to rise. In May, a 17.6% increase in home inventory had no visible impact on the pace of buyers’ offers. Last month, homes…
Read MoreWatch: April 2022 Real Estate Rundown
Watch: April 2022 Real Estate Rundown Wondering what the Collin County real estate market was like in April 2022? Get all the information you need in this one-minute video displaying key market indicators. Categories CCAR Events CCAR News Government Affairs Lone Star Homes Market Trends North DFW Real Producers Magazine Professional Development Spotlight Uncategorized Archives…
Read MoreHome Sales Remain Steady as Prices Continue to Climb
Home Sales Remain Steady as Prices Continue to Climb The Collin County Association of Realtors (CCAR) reports steady home sales despite limited inventory driving home prices upward. In April, relatively the same number of homes went under contract as the year prior (1,512 vs. 1,518) for 109.4% of their original list price after remaining on…
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