National News: Existing-Home Sales Retreated 3.3% in June; Monthly Median Sales Price Reached Second-Highest Amount Ever
Existing-home sales slipped in June, according to the National Association of REALTORS®. Sales varied among the four major U.S. regions, with the Northeast experiencing gains, the Midwest holding steady, and the South and West posting decreases. All four regions recorded year-over-year sales declines. Total existing-home sales1 – completed transactions that include single-family homes, townhomes, condominiums and co-ops…
Myth-Busting Common VA Loan Misperceptions
Watch the latest CCAR REALTOR® & Lender Minute as committee members John Holland and Mark Alexander tackle common VA Loan misperceptions. Tune in to make sure you are properly serving those who served our country.
Help Clients Navigate Allen ISD’s Updated School Boundaries
Note to Collin County Association of REALTORS® Members from Allen ISD: Allen ISD recently realigned its school boundaries to better accommodate the growth patterns of the community and to efficiently use and maintain its facilities. Because of these changes, Anderson Elementary School is now an early childhood education campus serving prekindergarten students. Additionally, Rountree Elementary…
Collin County Median Home Price Declines as Homes Sales Increase
The Collin County Association of Realtors (CCAR) reports that the fifth month of 2023 continued the year’s 5-month trend of increased closed sales as the county’s median home price trended downward. In May 2023, homes under contract increased by 21.4% from May 2022, while the median sales price decreased by 9.3% compared to the same…
National News: US Housing Market Needs More Than 300,000 Affordable Homes for Middle-Income Buyers
The U.S. housing market is short more than 300,000 affordable homes for middle-income buyers, according to a new analysis from the National Association of Realtors® and Realtor.com®. The country’s persistent housing inventory crunch impacts middle-income buyers more than any other income bracket. NAR and Realtor.com®’s housing affordability and supply report examines the number of listings missing by…
Realist Enhancements
Earlier this month, NTREIS released numerous Realist enhancements and several bug fixes. Check out the newest enhancements below. Type-Ahead Search for Addresses: NTREIS introduced a new feature to Realist property searches, type-ahead search. With this update, users can now enjoy real-time suggestions as they enter search keywords for addresses only. The type-ahead search functionality provides…
National News: Pending Home Sales Recorded No Change in April
Pending home sales recorded no change in April, according to the National Association of REALTORS®. Three U.S. regions posted monthly gains, while the Northeast decreased. All four regions saw year-over-year declines in transactions. The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home sales based on contract signings – remained at 78.9 in April, posting…
National News: Existing-Home Sales Faded 3.4% in April
Existing-home sales decreased in April, according to the National Association of REALTORS®. All four major U.S. regions registered month-over-month and year-over-year sales declines. Total existing-home sales1 – completed transactions that include single-family homes, townhomes, condominiums and co-ops – slid 3.4% from March to a seasonally adjusted annual rate of 4.28 million in April. Year-over-year, sales slumped 23.2%…
Collin County Housing Market Sees Increase in Homes Under Contract, Decrease in New Listings and Median Sales Price
The Collin County Association of Realtors (CCAR) reports that the housing market throughout the county showed promising signs in April 2023, with an increase in homes under contract and a rise in homes for sale. However, according to the latest data, the number of new listings and median sales price decreased. In April 2023, Collin…
Majority of Agents, Brokers Find Value in Promoting Energy Efficiency in Listings, According to NAR Report
A majority (63%) of agents and brokers said promoting energy efficiency in listings is very or somewhat valuable, according to a new report from the National Association of Realtors®. The 2023 REALTORS® and Sustainability Report – Residential examines sustainability issues facing the real estate industry. “While each area of the country has a unique climate…