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Our Area is Moving, even within the Pandemic.
"Home sales in North Texas exploded in July, rising 25% from a year ago to the largest ever single-month sales total. It was the second month in a row that area home purchases bounced back from the declines in April and May at the start of the COVID-19 panemic. July’s sales spike follows a 16% annual increase in June." Even amongst job losses and stress in the pandemic, the low mortgage rates are keeping home movement active, it seems. July was expected to be fine, but the HUGE GAME was beyond expectations. Buyers and Sellers that were delayed from the spring selling season may be deciding to get more and more active right now. "The continued jump in office prices is caused by an increasing shortage of houses on the market. North Texas median home prices were up 9% - the largest such annual increase in more than a year. Only about 16,000 single-family homes were listed with real estate agents in the more than two dozen North Texas counties included in the July data – 40% less than a year earlier. There is less than a 2-month supply of homes on the market. The drop in home listings has caused bidding wars for houses and a sever shortage of properties under $300,000." -From the Dallas Morning News, August 10th. Let me help you get active! pat@oreillyhometeam.net Good, simple ideas for preparing your “stuff” to move. Does it always have to be the biggest headache? Maybe preparing to move can be a shared task, and one you know is going to bless you on the other end of the all the work! Here’s ideas from this article: Use Marie Kondo principles, take an extra minute to pack carefully and label well too! (like top and sides) :) Check it out. Choose the right date Do your research Declutter before packing Don’t make any one box too heavy Pack fragile items carefully Clearly label boxes Keep some items separate  8/11/2020 0 Comments Summer Texas Housing InsightThe Texas A & M Real Estate Center does great research work on numbers in our state. And our state real estate numbers are usually a reflection of what's "norm" for our D-FW area. When there's a difference there, we can spot it and point out the ways we are unique from Houston, El Paso, Austin markets. So reach out with questions. Here's how this latest insight begins, and it's healthy numbers even in all our downturn times, really. |
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November 2020
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