The Department of Justice must close its reopened antitrust investigation into the National Association of Realtors, a federal judge ruled this week.
The report also shows that one-way U-Haul arrivals actually increased in Texas from 2021 to 2022.
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.
The firm’s subsidiaries include Century 21, Coldwell Banker, Corcoran Group and Sotheby’s International.
The projected year-over-year change in home sale transactions in the Dallas-Fort Worth-Arlington region is 3.1%.
Downsizing from a four-bedroom home to a two-bedroom home in the Dallas area would save the typical homeowner nearly $246,000.
The 44th edition of the in-depth forecast report examined 80 cities to determine trends in the real estate industry for 2023.
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%.
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.
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.
The median existing-home price for all housing types in August was $389,500, a 7.7% rise from the year before.
New-home construction posted a 12.2% month-over-month increase in August, thanks in large part to a significant jump in multifamily building.
A continuing combination of increased interest rates, supply-chain disruptions and high home prices has sapped homebuilder sentiment every month this year.
Norada noted Dallas’ strong economy and renters market.
Mortgage applications declined 1.2% during the week ended Sept. 9, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey.
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.