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National News: Existing-Home Sales Slipped 0.4% in August

National News: Existing-Home Sales Slipped 0.4% in August Existing-home sales experienced a slight dip in August, marking the seventh consecutive month of declines, according to the National Association of REALTORS®. Month-over-month sales varied across the four major U.S. regions as two regions recorded increases, one was unchanged and the other posted a drop. On a…

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Collin County Home Sellers Open to Negotiation

Collin County Home Sellers Open to Negotiation CCAR reports that home sellers were open to negotiation in August and accepted offers for less than their original list price for the first time since January 2021. In August, Collin County homes remained on the market for 24 days on average and sold for 97.9% of the…

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National News: Pending Home Sales Slipped 1.0% in July

National News: Pending Home Sales Slipped 1.0% in July Pending home sales declined for the second consecutive month in July, and for the eighth time in the last nine months, according to the National Association of REALTORS®. Three out of four major regions registered month-over-month decreases, though the West notched a minor gain. Year-over-year, all…

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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…

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Texas REALTORS® Wants You to Know Your Taxes

Texas REALTORS® Wants You to Know Your Taxes Proposed tax rates have been published and now is the time to get engaged in setting property tax rates! Step 1: Check out KnowYourTaxes.org to find your county’s specific information and how the proposed rates impact you. Step 2: Attend local meetings in person or comment online…

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Higher 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…

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National 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…

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National 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…

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Property Tax Exemptions: Where to Start

Property Tax Exemptions: Where to Start Navigating property taxes and exemptions can be intimidating but it doesn’t have to be! Did you know that your County Appraisal District (CAD) is a great place to get information regarding exemptions specific to your home? Different taxing entities have different tax exemption regulations, which can make knowing what…

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