O'Reilly Home Team
  • Blog
  • Contact
  • Our Videos
  • Our Broker Info
  • Texas Real Estate Commission note
  • Blog
  • Contact
  • Our Videos
  • Our Broker Info
  • Texas Real Estate Commission note
Search by typing & pressing enter

YOUR CART

Picture
LET'S GET CONNECTED!
Picture
Picture
Picture
Picture
Picture
Picture

7/23/2021 0 Comments

Summertime Home Upkeep:

Picture
Picture
    Linked here are more signs and symptoms to know!
Picture
Picture
0 Comments

7/21/2021 0 Comments

Texas Economy, Early Summer numbers 2021

Picture

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.

Picture
Picture
Picture
0 Comments

7/19/2021 0 Comments

Current Home Sales

Picture

"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

0 Comments

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!

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

    Author

    Write something about yourself. No need to be fancy, just an overview.

    Archives

    January 2023
    December 2022
    October 2022
    August 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    November 2020
    October 2020
    September 2020
    August 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    July 2018
    June 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017

    Categories

    All

    RSS Feed