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7/23/2021 0 Comments

Summertime Home Upkeep:

Linked here are more signs and symptoms to know!

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7/21/2021 0 Comments

Texas Economy, Early Summer numbers 2021

These extensive numbers are helpful, for a statewide view. Here are some highlights from this very thorough report. Report here.

Total Texas housing sales increased 2 percent in May but continued to normalize from elevated levels the last few months of 2020 amid constrained inventory, especially for homes priced less than $300,000. The Residential Construction Cycle (Coincident) Index, which measures current construction levels, elevated nationally and within Texas due to improved industry wages, employment, and construction values. The Texas Residential Construction Leading Index, however, decelerated as building permits (weighted by market value) and residential starts decreased and rates on the ten-year real Treasury bill increased. Still, the overall upward trend indicated stable future activity. Houston and Austin reflected statewide fluctuations in weighted building permits and residential starts. Houston's leading index declined, while Austin's metric remained on an upward trajectory. The Dallas-Fort Worth (DFW) and San Antonio indexes also suggested steady construction in the coming months. (For additional housing commentary and statistics, see Texas Housing Insight at recenter.tamu.edu.).
Dallas added 17,400 jobs, roughly half of the statewide gain, rebounding from a net loss of 2,600 workers last month amid layoffs in the goods-producing sector. Employment in Austin and Fort Worth grew by 2,300 and 2,000 workers, respectively.

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7/19/2021 0 Comments

Current Home Sales

"Although it's still expected to favor sellers for the foreseeable future, several key indicators suggest the wild housing market may soon start to cool off. At least a little bit." -- data from Seattle-based Redfin Corp. found rising number of homes for sale nationwide, so much so that they surpassed 2019 levels during the four weeks that ended July 4 (Of course 2020 was just too strange to quantitate. But compared to 2019, this is the first time this year this has been the case.
"Homebuying demand has also recently — somewhat — tapered off. Realtor.com found similar indications in its June housing market report. Newly listed homes were up 5.5% nationally year over year, and 11.7% higher in large metros in that same time period. Although pending home sales were up 17% year over year, Redfin says it was the smallest increase in almost a year, since the four-week period ending July 19, 2020. Pending sales were down 6% from the four-week period ending May 30, compared to a 3% decrease in the same period in 2019. Daryl Fairweather, chief economist at Redfin, said, "It seems that we're at a turning point in the housing market, where prices have gone up so much that buyers are backing off and home sales are starting to get sluggish," Fairweather said. "Sellers are noticing this and are wanting to sell at the top — they feel like this is as good as it gets." Dallas Business Journal, July 13, 2021

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7/6/2021 0 Comments

Moratorium and Foreclosures?

The expectations for mortgages and rent has been so up in the air during the pandemic. And the eviction moratorium was extended (they say the last extension) to July 31. Here's that info.

We wrote about what to expect in North Texas!

click image for more info!

Reach out! Let's navigate your market and choices together. - Pat O.

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Summertime Home Upkeep:

Texas Economy, Early Summer numbers 2021

These extensive numbers are helpful, for a statewide view. Here are some highlights from this very thorough report. Report here.

Current Home Sales

Moratorium and Foreclosures?

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