Found 2 blog entries tagged as home sales.

2024 Mortgage Interest Rates Decrease - Dallas Fort Worth, TX Housing MarketAs we embark on the intricate journey through the 2024 Texas real estate market, the landscape presents a blend of challenges and opportunities, particularly in Dallas-Fort Worth. Recent data from the National Association of Realtors (NAR) reveals a slight downturn in existing-home sales in December 2023, with a 1% month-over-month decrease and a substantial 6.2% decline compared to the previous year. Despite this setback, optimistic forecasts from NAR hint at a potential resurgence in sales figures fueled by lower mortgage rates, which currently hover below historical norms.

One of the pivotal factors influencing mortgage rates and, consequently, home sales is the stance of the Federal Reserve on interest rates. Economists closely monitor the Fed's…

1925 Views, 0 Comments

Read Full Post


Home sales and values rise in April 2013Median single-family home sales prices sold through the MLS in North Texas hit a record high of $176,000 last month. Home sale prices in North Texas are now about 10 percent higher than they were at the peak of the market before the recession.

North Texas’ housing market took off like a rocket in April with a 30 percent jump in sales.

The year-over-year growth in pre-owned single-family home purchases is the second-largest the area has seen since 1998.

And the 14 percent price rise from April 2012 is one of the biggest percentage gains in residential value on record for the area.

The only time that home sales have grown faster was in November 2009, when sales rose 31 percent because of government tax incentives.

“It is a much bigger increase…

2377 Views, 0 Comments

Read Full Post