Increased Inventory Fails to Satiate Buyer Demand in Collin County
The Collin County Association of Realtors (CCAR) reports that despite increased new listings, demand continued to drive prices higher in April as homes sold faster and for more money than months prior. While buyers had more new listings to consider in April compared to the year prior (1,983 vs. 1,581), demand continued to outpace inventory…
Join Us in Our Drive-Up Food Drive Benefitting Minnie’s Food Pantry
Save the date! On Thursday, May 13, the Collin County Association of REALTORS® (CCAR) and North Texas REALTORS® in Action Foundation will be collecting donations for Minnie’s Food Pantry. Any time between 9-11 a.m., you can drive-up and drop-off donations at our CCAR headquarters’ parking lot located at 6821 Coit Road, Plano, TX 75024. Not…
The Appraisal Light is Shining at the End of the Tunnel
Due to low interest rates, lack of inventory, and overwhelming buyer demand, the spring 2021 market has seen unprecedented multiple offer situations up to and exceeding 20% or higher than the current list price. The current market has caused challenges for agents, appraisers, and lenders. More buyers and lack of inventory Multiple offers Low interest…
Buying a Home in Today’s Market: Everything You Should Know
With some of the lowest interest rates in years, people are jumping on the opportunity to purchase their forever home. Before rushing into the process, understanding how to buy a house in today’s market could benefit you more than you might think; and lucky for you, we’ve talked to great REALTORS® who gave us the…
Texas Homebuyers are More Diverse, Earn Higher Incomes Compared to National Average
Texas homebuyers are more diverse, while also earning higher incomes compared to national homebuyers, according to the 2021 Texas Homebuyers and Sellers Report released by Texas REALTORS®. The annual report provides in-depth insights into the demographics, motivations and opinions of Texas homebuyers and sellers who had a real estate transaction between July 2019 and June 2020. The report…
North Texas Realtors in Action Foundation Helps Residents Rebuild from February’s Winter Storm
Texas residents are rebuilding their homes following February’s winter storm, thanks to financial support from the North Texas Realtors in Action Foundation (NTRIAF). Despite the effects the severe weather had on North Texas, NTRIAF, a nonprofit organization founded and administered by the Collin County Association of Realtors, was ready to assist those in need. “The…
Median Texas home price up 13.4% during first quarter of 2021
The median sales price of homes in Texas reached $274,300 in the first quarter this year, an increase of 13.4% over the same period last year, according to the 2021-Q1 Texas Quarterly Housing Report released today by Texas REALTORS®. “The demand for housing in Texas remained strong despite the winter storm in February and the pandemic,” said Marvin…
Are Home Inspections Worth It?
We can all agree the past year has been a remarkably interesting year, especially for the housing market. With low interest rate and less listings, 2020 ended with historic highs for home sales, and now 2021 has had an extraordinarily strong start. Dallas-Fort Worth continues to be one of the strongest housing markets! A home…
Increasing Your Buyer’s Purchasing Power
How does a buyer’s credit score impact how much house they can buy? How much of an impact does their credit score have on their purchase price? A buyer’s credit score impacts not only the interest rate on a mortgage loan, but also the mortgage insurance rate and the homeowner’s insurance rate, cumulatively impacting the…
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 a significant uptick from the month prior, where 39.6% fewer…