Many area neighborhoods saw fewer home sales in 2021 but no retreat in prices. Great article by Steve Brown of Dallas Morning News, that addresses the question every one is thinking about right now. Good insight to keep in mind if you are in the market to purchase a home. Housing forecasters are counting on …
Will rising mortgage rates and higher home costs cool the Dallas home market? Read More »
A recent report from U-Haul revealed migration to southern states has continued and Texas was the top destination for those moving. “California and Illinois ranked as the states with the greatest one-way net loss of U-Haul trucks, and most of that traffic appears to have gone to Texas and Florida,” Fox Business reported on Friday. “So many …
Report: Californians Leaving for Texas So Rapidly, U-Haul Ran Out of Trucks Read More »
North Texas homebuyers shouldn’t expect much price relief in 2022. While economists are calling for smaller year-over-year home price gains in the year ahead, the increases in Dallas-Fort Worth are expected to continue at higher than normal rates. “It probably is going to slow down because the prices have gotten so high,” said James Gaines, …
Don’t Expect Inflation in Home Prices to End in 2022 Read More »
Dallas-area home prices were up by almost 25% year-over-year in December in the latest nationwide comparison. It was the second month in a row that Dallas home price gains were at the highest rate ever in the S&P CoreLogic Case-Shiller Home Price Index. Dallas-area home prices have more than doubled in the last 10 years …
In February, Zillow appeared so confident in its ability to use artificial intelligence to estimate the value of homes that it announced a new option: for certain homes, its so-called “Zestimate” would also represent an initial cash offer from the company to purchase the property. The move, touted by a company exec at the time as “an exciting …
Zillow’s home-buying debacle shows how hard it is to use AI to value real estate Read More »
Hundreds of sellers awaiting new builds will have to sell their homes another way after Zillow canceled contracts for closings set for late 2022 through its defunct iBuyer, Zillow Offers After vowing to honor outstanding purchase agreements made through Zillow Offers, Zillow has canceled 400 of approximately 8,172 contracts with homesellers nationwide, the company has confirmed. The …
Zillow cancels 400 Zillow Offers contracts due to closing restraints Read More »
Sharing 3 of my favorite quotes from 3 of my favorite people with you. #1: I’ve missed more than 9000 shots in my career. I’ve lost almost 300 games. 26 times, I’ve been trusted to take the game winning shot and missed. I’ve failed over and over and over again in my life. And that …
This was one of my favorite ‘Rat’ stories I shared with you earlier. I received an excellent response so sharing again. Hope you enjoy my story!!! Every morning in my mind, I go through tons of topics and recent experiences I want to share with you. Why? Because I see so many mistakes, stressful situations, wins, ugly …
One of the major story lines over the last year is how well the residential real estate market performed. One key metric in the spotlight is home price appreciation. According to the latest indices, home prices are skyrocketing this year. Here are the latest percentages showing the year-over-year increase in home price appreciation: The House Price …
Home Price Appreciation Is Skyrocketing in 2021. What About 2022? Read More »
If you’re waiting for Dallas-Fort Worth’s rapid home price appreciation to cool before buying a house, you may have to sit it out for at least another year. Despite some indicators that the Dallas-Fort Worth housing market may be cooling, a new report projects that home prices will increase an eyebrow-raising 21.1% over the next …
Where are DFW Home Prices Headed Over the Next 12 Months? Read More »
