Market Trends
March Brings Little Relief to Collin County’s Inventory-Strapped Housing Market
March Brings Little Relief to Collin County’s Inventory-Strapped Housing Market The Collin County Association of Realtors (CCAR) reports that new listings significantly increased in March 2021, yet not enough to provide relief for Collin County’s inventory-strapped housing market. In March, 14.1% fewer homeowners listed their home than the year prior (1,663 vs. 1,936). However, it’s…
Read MoreCollin County’s Housing Market Far from Balanced One Year into the Pandemic
Collin County’s Housing Market Far from Balanced One Year into the Pandemic The Collin County Association of Realtors (CCAR) reports that the pandemic has left the Collin County housing market far from balanced, as new listings remain low and demand for area homes continues to increase. In February, 39.6% fewer homeowners listed their home than…
Read MoreTexas Remains Second in the Nation for Relocation Activity in 2019
Texas Remains Second in the Nation for Relocation Activity in 2019 Texas ranked second in the nation for relocation activity in 2019, according to the 2021 edition of the Texas Relocation Report released by Texas REALTORS®, which analyzes the latest available migration data from the U.S. Census Bureau and U-Haul. “Once again, Texas welcomed more than half…
Read MoreNew Listings Stall While Homebuyers’ Demand Continues
New Listings Stall While Homebuyers’ Demand Continues The Collin County Association of Realtors (CCAR) reports that Collin County residents were just as motivated to list their home in December as the year prior, while homebuyers’ appetite for area homes increased. Relatively the same number of homeowners listed their home last month as in December 2019…
Read MoreHow Low Can it Go? Collin County’s Housing Market Had 1.1 Months’ Supply of Homes in November
The Collin County Association of Realtors (CCAR) reports that, in November, Collin County’s housing inventory indicated that it would be completely sold out in 1.1 months if the 12-month average sales rate continued. This data point, referred to as the months’ supply of homes, was 62.5% less in November 2020 compared to the same time…
Read MoreDallas-Fort Worth-Arlington Named Among Top Ten Markets During and Post-COVID
A group of more than 20 leading economic and housing experts, including National Association of REALTORS® Chief Economist Lawrence Yun, participated in a consensus economic and real estate forecast that projects GDP growth of 3.5% and an annual unemployment rate of 6.2% in 2021. Housing prices are expected to climb 8% next year and 5.5%…
Read MoreDespite Pandemic, Texas Home Ownership Hits All-Time High
Despite Pandemic, Texas Home Ownership Hits All-Time High Texas’ homeownership rate is at an all-time high of 70 percent, according to the latest Texas Housing Insight report from the Real Estate Center at Texas A&M University. The state rate exceeds the nation’s 67.4 percent for the first time since 2012. “Strong sales activity during the…
Read MoreThe New Evolution of the Home
The New Evolution of the Home Originally Published in the November 2020 Edition of North DFW Real Producers Magazine Take a peek beneath the Christmas tree and you will have all the information you need to identify the new evolution of the home, SmartHomes. For multiple years now, SmartHome gadgets have lead the way as…
Read MoreCollin County Housing Inventory Hits New Lows
Collin County Housing Inventory Hits New Lows The Collin County Association of Realtors (CCAR) reports that Collin County’s October housing inventory hit lows not seen since the housing boom of 2015, while home sales continued to climb. In October, Collin County had 56.4% more homes under contract compared to the same time last year, and…
Read MoreAffordability Conundrum Continues for Collin County
Affordability Conundrum Continues for Collin County The Collin County Association of Realtors (CCAR) reports that home sales continued to outpace new listings in September, reducing housing affordability across the county. Collin County had 53.5% more homes under contract in September 2020 compared to the same time last year, and 5.1% fewer new listings (1,647 vs.…
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