Market Trends
Texas Existing-Home Sales, Prices Increase as Inventory Shrinks Faster than Ever
Texas Existing-Home Sales, Prices Increase as Inventory Shrinks Faster than Ever Information Courtesy of Texas Real Estate Research Center at Texas A&M University Texas’ existing-home sales increased 2.5 percent month over month (MOM) to 29,000 transactions in May but remained more than 2,000 sales below peak levels reached at the start of the year. The…
Read MoreMisaligned Price or Housing Bubble?: What is Causing Rising Home Prices and When “Normal” Will Return
Misaligned Price or Housing Bubble?: What is Causing Rising Home Prices and When “Normal” Will Return https://growthzonesitesprod.azureedge.net/wp-content/uploads/sites/1512/2021/06/misaligned-price-or-housing-bubble-what-is-causing-rising-home-prices-and-when-normal-will-return-with-luis-torres-soundbite.mp4 Why are homes prices continuing to rise and when will they go back down? Luis Torres, Research Economist at the Texas Real Estate Research Center at Texas A&M, tackles these questions and more on this episode of Welcome…
Read MoreCollin County Home Prices Continue to Rise with the Summer Heat
Collin County Home Prices Continue to Rise with the Summer Heat The Collin County Association of Realtors (CCAR) reports that in May, Collin County homebuyers continued to pay over list price as they competed for limited homes, raising Collin County’s most popular price point by $200,000. In May, homes remained on the market for 67.9%…
Read MoreNew Build Buyers Beware
New Build Buyers Beware By Lee Warren, Prospect Inspectors, Inc., Professional Inspector License #8411 and member of CCAR’s Affiliate Committee With the availability of houses for sale in such short supply, many buyers are turning to new home construction to find their new dream home. New homes can provide a buyer an opportunity to get…
Read MoreApril 2021 Real Estate Rundown
April 2021 Real Estate Rundown The Collin County housing stats for April 2021 are in, click below to see the most current data. Categories CCAR Events CCAR News Government Affairs Lone Star Homes Market Trends North DFW Real Producers Magazine Professional Development Spotlight Uncategorized Archives Archives Select Month May 2024 April 2024 March 2024 February…
Read MoreIncreased Inventory Fails to Satiate Buyer Demand in Collin County
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…
Read MoreThe Appraisal Light is Shining at the End of the Tunnel
The Appraisal Light is Shining at the End of the Tunnel By Vaughn Kerkorian, Kerkorian Residential Appraisals and Member of CCAR’s REALTOR®/Lender Committee 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…
Read MoreTexas Homebuyers are More Diverse, Earn Higher Incomes Compared to National Average
Texas Homebuyers are More Diverse, Earn Higher Incomes Compared to National Average Information provided by Texas REALTORS® 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…
Read MoreMedian Texas home price up 13.4% during first quarter of 2021
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…
Read MoreMarch 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…
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