Pending Home Sales Up in January


Pending home sales rose in January, and have been above year-ago levels for the past 21 months, according to a report released today by the National Association of Realtors®. There were healthy monthly gains in all regions but the West, which is constrained by limited inventory but was slightly improved.

The Pending Home Sales Index, a forward-looking indicator based on contract signings, increased 4.5 percent to 105.9 in January from a downwardly revised 101.3 in December and is 9.5 percent above January 2012 when it was 96.7. The data reflect contracts but not closings. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.

The January index is the highest reading since April 2010 when it hit 110.9, just before the deadline for the home buyer tax credit. Aside from spikes induced by the tax credits, the last time there was a higher reading was in February 2007 when it reached 107.9.

Lawrence Yun, NAR chief economist, said inventory is the key to this year’s housing market. “Favorable affordability conditions and job growth have unleashed a pent-up demand. Most areas are drawing down housing inventory, which has shifted the supply/demand balance to sellers in much of the country. It’s also why we’re experiencing the strongest price growth in more than seven years,” he said.

Yun expects approximately 5 million existing-home sales this year and price growth could exceed a 7 percent gain projected for 2013 if inventory supplies remain low.

The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.

To learn more about how you can take advantage of the increasingly strong North Texas housing market, contact an Ebby Associate today. To get started, visit the Web site voted one of the industry s best by the Web Marketing Association, ebby.com.

Case-Shiller Index: Dallas-area home price gain largest since 2001


Steve Brown of The Dallas Morning News reports that Dallas-area home prices rose by 6.5 percent in the latest Standard & Poors/Case-Shiller Home Price Index.

The price gain in December from a year earlier was the largest local increase in the survey in 12 years. And, the increase marked the 10th month in a row of higher Dallas-area home prices in the monthly report.

Nationwide, prices were up 7.3 percent in the Case-Shiller survey.

Home prices ended 2012 with solid gains, S&P s David M. Blitzer said in the report. Dallas, Denver, and Minneapolis recorded their largest annual increases since 2001.

Only one U.S. market in Case-Shiller s report the New York area was still showing a slight decline of 0.5 percent in home prices in December from a year earlier.

The largest increase was Phoenix s 23 percent year over year gain.

DallasNews.com subscribers may click here to see the full article from Steve Brown.

To learn more about the housing market in your neighborhood and how you can take advantage of the robust North Texas market, contact an Ebby Associate today. To find the right agent for all of your residential real estate needs, visit the Web site voted one of the industry s best by the Web Marketing Association, ebby.com.

Just Listed: Prime Fort Worth Property on 1.5 Acres with Sparkling Pool


This week s edition of Fresh Listing Friday takes us to the luxurious four-bedroom, 4 ½-bath home at 1609 Western Willow Drive in Fort Worth. Situated on 1.5 acres in the Northwest independent School District, this residence features an ideal floor plan with two bedrooms downstairs and two bedrooms, a media room, a game room and a kitchenette upstairs.

This exceptionally landscaped property offers a large sparkling pool, an outdoor kitchen and a golf-cart garage. Owners may drive a cart to nearby Willow Springs Golf Course. This property also has five garage spaces.

Click here to learn more now about this exceptional new listing.

To see all the other homes that came on the market this week (even if they aren t listed with Ebby Halliday), click here.

And, be sure to check ebby.com next Friday to see where the next Fresh Listing Friday takes us!

Optimism For Texas Real Estate


The following was sent to all members of the Ebby Halliday Companies by President & CEO Mary Frances Burleson. We love hearing good news about the Texas housing market and we thought you would too!

You should be optimistic about the Texas real estate market in 2013.
Dr. Mark Dotzour, chief economist of the Real Estate Center at Texas A&M University, noted in a recent presentation, “You should be optimistic about the future of housing and economic growth in Texas.” Dr. Dotzour noted several reasons:
* Home prices are up for the eighth month in a row
* Buyer psychology has shifted from negative feelings about purchasing property to positive feelings
* More than 3.6 million job openings are currently available in the US, and many are in Texas
* Americans have credit capacity again.
Dr. Dotzour also shared that home prices in Texas will increase this year because of inventory levels and consumer demand for housing.
Ron Burgert, CFO of the Ebby Halliday Companies, at a joint meeting of several Ebby Halliday sales offices, recently complimented Ebby Associates for their exceptionally strong sales performance during the fourth quarter of 2012, and predicted that the firm’s sales in 2013 could increase as much as 20% over 2012.
It looks like 2013 could easily be a record year for both the Ebby Halliday Companies and the Dallas-Fort Worth and North Texas real estate market!

Mary Frances

Ebby App Makes Buying, Selling a Home Easier Than Ever


The way consumers utilize online real estate services is vastly different than it was a few years ago. Today s home buyers are increasingly mobile and Ebby Halliday, REALTORS® is dedicated to meeting their needs as well as the needs of its home sellers by providing advanced interactive mapping for consumers on the go.

With the Ebby mobile app you ll enjoy searching for homes more than ever, says June Feltman, vice president projects for The Ebby Halliday Companies. This state-of-the-art app provides information in a natural way starting with a map, not a menu. It s perfect for buyers on the go.

Available for free to iPhone and Android users, the Ebby App provides the latest in augmented reality and allows users to easily search for homes while on the go using three innovative options:

* Journey Search This feature shows available properties as users travel through a neighborhood. As with each of the Ebby App s interactive search functions, users may choose to delve deeper into properties of interest by immediately viewing property details and interior photos.

* Perimeter Search This feature allows users to draw boundaries on the map view with a finger, enabling viewing of available homes within the perimeter — and the selected parameters — of their search.

* Scope Search Aim the phone s camera down a street and this innovative augmented-reality search displays available properties. Select any of the properties for details and photos.

Just a few of the additional functions available to Ebby App users on the go include the ability to immediately find open houses and newly listed properties. The Ebby App also makes it easy to perform detailed searches and to share properties of interest with friends.

To download the Ebby App on an iPhone, visit the App Store and search for Ebby Halliday Realtors. To download the Ebby App on an Android phone, visit Google Play Market and search for Ebby Halliday Realtors.

In 2012, the award-winning ebby.com received more than 5,600,000 visits, making it one of the most-visited residential real estate websites in the United States. Of that number, 24 percent of users visited the site via a mobile device.

At Ebby Halliday, we understand the importance of technology and making it user-friendly, says Feltman. We are actively pursuing online features that will continue to make ebby.com and the Ebby App the go-to sources for North Texas real estate.

Ebby Halliday, REALTORS® has 25 North Texas offices covering the Park Cities, Preston Hollow, Lakewood, Rockwall, Lake Texoma, Collin County and Tarrant County. To find properties for sale across the Dallas-Fort Worth area, download the Ebby App now or visit the Web site voted one of the industry s best by the Web Marketing Association, ebby.com.

Existing Home Sales Up in January


The National Association of REALTORS® reports today that nationwide existing-home sales edged up in January, while a seller’s market is developing and home prices continue to rise steadily above year-ago levels. Sales rose in every region but the West, which is the region of the country most constrained by limited inventory.

Nationwide, total existing-home sales are 9.1% above January 2012.

Lawrence Yun, NAR chief economist, said tight inventory is a major factor in the market. “Buyer traffic is continuing to pick up, while seller traffic is holding steady,” he said. “In fact, buyer traffic is 40% above a year ago, so there is plenty of demand but insufficient inventory to improve sales more strongly. We’ve transitioned into a seller’s market in much of the country.”

The number of homes for sale at the end of January fell 4.9%, representing a 4.2-month supply at the current sales pace, down from 4.5 months in December, and is the lowest housing supply since April 2005.

Listed inventory is 25.3% below a year ago.

For those considering whether now might be a good time to list a home in North Texas, the numbers are even more convincing. Comparing January 2013 to 2012:

* The number of pending home sales is up 15.4%.

* The number of homes sold is up 17.5%.

* The number of homes for sale in North Texas is down 32.3%

* The average time on the market is down 20.8% to 89 days, with many sub-markets experiencing significantly lower days on market.

To learn more about the housing market in your neighborhood and how you can take advantage of the increasingly strong North Texas market, contact an Ebby Associate today. To find the right agent for all of your residential real estate needs, visit the Web site voted one of the industry s best by the Web Marketing Association, ebby.com.

Just Listed: Starwood Splendor


This week s Fresh Listing Friday is the five-bedroom, 5 ½-bath estate home at 5169 Monterey Drive in Frisco. This Steve Roberts custom residence is situated on an approximately six-tenths of an acre lot in the prestigious gated and guarded Starwood community.

Inside are hardwoods, a study with detailed woodwork, front and back staircases, and a large, well-appointed kitchen with Dacor, ASKO and Wolf appliances. The private downstairs master wing features a luxurious bath. Each of the home s bedrooms is a true suite.

Just a few of this fine property s additional amenities include solid-pane windows, two wet bars, and a gated motor court with porte-cochere.

In addition to plenty of green space, the backyard features an outdoor living area with cooking center, as well as a sparkling pool and spa.

Click here to learn more about this exceptional new listing.

To see all the other homes that came on the market this week (even if they aren t listed with Ebby Halliday), click here.

And, be sure to check ebby.com next Friday to see where the next Fresh Listing Friday takes us!

The Best Day to List a Home Is


According to an article published in The Wall Street Journal, recent research indicates Friday is the best day of the week to list a home. Homes listed on Friday, followed closely by homes listed on Tuesday, spend fewer days on market and sell for a price closer to the list price than homes listed on any other day of the week.
Richard Ryan, a psychology professor at the University of Rochester who has studied how the day of the week affects mood, explains it this way, “Adults who have a Monday-to-Friday work week tend to be more positive and happier on Fridays, an effect that lasts through the weekend… a time when they may be more pro-active in searching for homes.”
So, what is the best day to list a home in the Dallas-Fort Worth and North Texas area?
At Ebby Halliday, REALTORS®, we believe it’s today!
Given the record low inventory of homes for sale in most Dallas-Fort Worth markets, near record-low interest rates available to potential buyers, and a historically low average days-on-market in the area, a well-priced home listed today is very likely to sell quickly and, in many sub-markets, receive multiple offers from which the seller may choose.
There may never have been a better time than today to list a home for sale in Dallas-Fort Worth and North Texas. To learn more about the housing market in your neighborhood and how you can take advantage of the increasingly strong North Texas market, contact an Ebby Associate today. To find the right agent for all of your residential real estate needs, visit the Web site voted one of the industry s best by the Web Marketing Association, ebby.com.

Newest Issue of Luxury Portfolio International Magazine Arrives


The newest issue of the Luxury Portfolio International magazine has arrived and one of the Ebby Halliday Companies listings is featured on the cover. You might remember this modern beauty, listed by Dave Perry-Miller & Associates, from TNT’s reboot of “Dallas.” Click here to see the digital version of the magazine.

In addition to state-of-the-art marketing and advertising professionally developed in-house for a broad spectrum of media venues, the Ebby Halliday Companies, which includes Ebby Halliday, REALTORS and Dave Perry-Miller & Associates, tap the network of Luxury Portfolio International members and utilizes its website, LuxuryPortfolio.com, to expose North Texas listings priced at or above $750,000 to buyers across the globe.

The 200 firms that comprise Luxury Portfolio are some of the most powerful independent brokerages and members of Leading Real Estate Companies of the World®, an invitation-only elite group of the best residential real estate firms worldwide.

By showcasing high-end listings on LuxuryPortfolio.com, the Ebby Halliday Companies leverage the strength of a website that consistently ranks at the top of Google search results and has more $1 million-plus homes than any other site.

Explore further the benefits available at LuxuryPortfolio.com, where you ll also discover many of the world s most exceptional properties.

Just Listed: Pristine Tudor in Highland Park Independent School District


This week s Fresh Listing Friday is the move-in ready four-bedroom, 3 ½-bath home at 4340 Edmondson in Highland Park.

Built in 1928, this updated residence retains the charm of its British heritage and was remodeled and expanded to 4,034 square feet of living space in 2005. Updates to the kitchen include new cabinetry and bar with a hand-crafted copper counter. A convenient elevator leads to all bedrooms, leaving the first floor open for entertaining. The detached garage contains guest quarters and hobby space of almost 700 square feet.

This beautiful property, served by the HPISD, offers an exceptional opportunity to enjoy all that Highland Park has to offer. See more now at 4340Edmondson.ebby.com.

To see all the other homes that came on the market this week (even if they aren t listed with Ebby Halliday), click here.

And, be sure to check ebby.com next Friday to see where the next Fresh Listing Friday takes us!