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

7/21/2021 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

6/22/2021 2 Comments

Riddle for July!

Picture
Play along. 
There are prizes. No cheating or googling! Just think it out, friends. email us your answer at:
pat@oreillyhometeam.net

Riddle:
I have lakes with no water, mountains with no stone and cities with no buildings. 
What am I?

2 Comments

5/21/2021 0 Comments

Arlington Listing: Great Home, neighborhood, price!

DETAILS FOR 2711 SIBLEY DRIVE, ARLINGTON TX 76015
​Very nice one story home in a popular Lucas Park Subdivision. Split bedrooms. Huge master bedroom with separate vanities. 2 Separate walk in Closets. Large family room with a cozy wood burning fireplace for those chilly nights. Relax on your private covered patio after a hard day at work. Nice shaded backyard with plenty of room to play. The windows are updated and the HVAC is roughly five years old. Newish hot water heater. This home has a lot of natural light. Close to schools, shopping. Great home in a great area!
Picture
0 Comments

5/21/2021 0 Comments

Buyers and New Construction - Lots going on!

It's a seller's market. Maybe new construction is a steady look ahead for you. The numbers and custom set up may make all the sense in the world. Reach out, we'll look for you!
Picture
0 Comments

5/17/2021 0 Comments

Irving Listing: Pending

Picture
Picture
0 Comments

5/8/2021 0 Comments

Local Connections - Spring!

Picture
Click the image to check it out!

0 Comments

5/7/2021 0 Comments

Irving Market this week/Month

Picture
0 Comments

5/4/2021 0 Comments

Spring around OHT

Picture
February saw big changes for the O’Reilly Home Team. 
We moved over to Keller Williams D-FW Preferred in the Coppell office. After 16 years with REMAX it was time for a change. I loved my time at REMAX, and I have vast respect for Mark Wolfe—the owner and Broker of the franchise and the agents there—, but it was time.
It was time to stretch, time to get out of my comfort zone, time to grow.
I’ve always known that Keller Williams is a leader in our industry for training. This is attractive for new agents because they can quickly get up to speed on basics, have vast support, and get selling quickly. I get to assist with this training and support, and this work interests me!
Throughout my 16 years with REMAX, I worked hard to keep in the know around this ever-changing world of real estate. And I owe that to all of you. Moving to KW will expose me to more training (some that I’ll be teaching) and help me stay on top of my game.
I love what I do. I love working with you, your friends and your family to navigate through the ever-changing world of real estate. I will continue to be your guide!

And I’ll also be helping the real estate agents in the KW office stay legal and ethical, teaching some classes and continuing to learn and grow. 

       We Journey On!,
0 Comments

11/6/2020 2 Comments

Great Rentals in Irving, TX

Here are links for a closer look at each!
1319 Lakeridge Lane, Irving 75063


516 Highland Park Drive, Irving, 75061


2 Comments

10/6/2020 0 Comments

Fall Community Links - October 2020

Picture
Fort Worth: “ARTober,” Stockyards Rodeo, Trinity Trails Geocaching, 
https://www.fortworth.com/events/this-month/

Ft Worth Botanical gardens: https://www.fwbg.org/welcome

Pumpkin Village at Dallas Arboretum - “The Art of the Pumpkin”: https://www.dallasarboretum.org

Dallas Zoo

Yesterland Farm: https://www.yesterlandfarm.com

Movies in Klyde Warren Park: October 24: Ferris Bueller’s Day Off, November 14: The Lego Movie, November 21: Harry Potter and the Chamber of Secrets, December 19: Elf
​

And Shakespeare Dallas is also doing “Movies in the Park!” : https://www.shakespearedallas.org
0 Comments

10/3/2020 0 Comments

Warm up with Enchiladas!

In our October newsletter (we send them quarterly now, sign up here) we published a recipe that hearkens to our El Paso family traditions!
Picture
0 Comments

9/23/2020 0 Comments

Great time to buy - those interest rates, oh my!

Picture
Call us and we'll chat and start the process with you. Many percentages under 3% these days. And, we know skilled, honest people in all aspects of this work, and they are ready to work for you. Let's see!
0 Comments

8/31/2020 1 Comment

Our Areas Hottest Markets, and Why!

Best to Read it as the PDF Here.
Picture
Picture
Picture
1 Comment

8/27/2020 0 Comments

Saturday, 8/29, Open House Bedford, 2-4pm

Picture
0 Comments

8/20/2020 0 Comments

July was BUSY - records for Sales and Prices

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

0 Comments

8/12/2020 0 Comments

Preparing to Move -- make it easier, fun?!

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


Picture
0 Comments

8/11/2020 0 Comments

Summer Texas Housing Insight

The 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. 
The Whole Article. 

Picture
0 Comments

6/29/2020 1 Comment

Expert Reflections on 2020 Housing Market:

Picture
Picture
1 Comment

5/29/2020 0 Comments

June Market Update

Picture
Picture
Picture
0 Comments

5/21/2020 0 Comments

Contesting County Appraisals of property = saves money.

Picture
I urge everyone to contest the valuation on their property by their county. It is very beneficial to have your property taxes lowered, and you can do this by going to your County Tax Appraisal website. See that we’ve included your county link below. You can do all of this online. 
What you do is claim that your home does not fully compare to the properties in the area. It’ll ask you to submit details. *This is where I would take pictures of everything wrong or outdated in your home. Put everything down and send in the pictures. It will ask you what you think the value of your home is and here it’s helpful to claim it as whatever your taxes are currently.
Ultimately, the good news is your home is going up in value. The bad news is the county wants more money.
Most of the time, if you contest their claim then the county will reduce what they are asking by a little. Your taxes will go up. But usually not the full amount they claiming. IF you protest it! 


http://dallascad.org/
https://www.tad.org/
https://dentoncad.com/
https://www.collincad.org/

0 Comments

5/4/2020 0 Comments

Homebuying during the Pandemic - numbers up!

A video update.
Picture
0 Comments

4/17/2020 1 Comment

Flower Mound's Whispering Creek neighborhood

Picture
Picture
Picture
1 Comment

3/19/2020 0 Comments

Working for you (from Home)!

A video on our market and our work for you during these weeks...

Picture
0 Comments
<<Previous
Forward>>

    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