National News

Court sides with National Association of Realtors, halts antitrust investigation 

The Department of Justice must close its reopened antitrust investigation into the National Association of Realtors, a federal judge ruled this week.

Texas is the No. 1 state for growth, according to U-Haul

The report also shows that one-way U-Haul arrivals actually increased in Texas from 2021 to 2022.

NAR tips to comply with the Fair Housing Act

Potential buyers want real information about the communities they’re shopping in. And while agents may feel like experts, their answers must always comply with fair housing laws. To help, the National Association of REALTORS® released some advice.

Anywhere Real Estate Inc. cuts workforce, ends iBuyer operation

The firm’s subsidiaries include Century 21, Coldwell Banker, Corcoran Group and Sotheby’s International.

Dallas-area home sales and prices to grow in 2023, Realtor.com projects

The projected year-over-year change in home sale transactions in the Dallas-Fort Worth-Arlington region is 3.1%.

Dallas ranked one of the best metro areas for cashing in on downsizing

Downsizing from a four-bedroom home to a two-bedroom home in the Dallas area would save the typical homeowner nearly $246,000.

Dallas named one of the cities with the best real estate prospects in 2023

The 44th edition of the in-depth forecast report examined 80 cities to determine trends in the real estate industry for 2023.

National home prices see first monthly drop since January 2019, S&P CoreLogic Case-Shiller Index shows

The price index dropped in Dallas, too, declining 0.42% from June to July. Year over year, the Dallas home price index is up 16.36%.

NAR: High mortgage rates bring third monthly decline in pending-home sales 

The National Association of REALTORS® expects existing-home sales to close 2022 15.2% lower compared to 2021, thanks to economic uncertainty and rising mortgage rates. 

New-home sales post unexpected rebound in August 

Sales of new homes in the U.S. jumped 28.8% between July and August, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.  

NAR: Existing-home sales fell in August while prices rose 

The median existing-home price for all housing types in August was $389,500, a 7.7% rise from the year before. 

Housing starts surprise to the upside in August 

New-home construction posted a 12.2% month-over-month increase in August, thanks in large part to a significant jump in multifamily building.  

Builder confidence falls for ninth consecutive month 

A continuing combination of increased interest rates, supply-chain disruptions and high home prices has sapped homebuilder sentiment every month this year. 

Dallas named No. 3 city for real estate investment in 2022 and 2023

Norada noted Dallas’ strong economy and renters market.

30-year fixed tops 6% for first time since 2008 in latest MBA survey 

Mortgage applications declined 1.2% during the week ended Sept. 9, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. 

Median days on the market increases in Dallas and nationwide

Homebuyers nationwide had more time to make decisions in August with the first year-over-year increase in median days on the market since June 2020.

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