COVID-19 and North Texas Residential Real Estate


COVID-19 and North Texas Residential Real Estate

 

North Texas is home. Through wars, recessions, natural disasters and other challenges, our great region has not only survived, it has thrived.

 

North Texas is being tested again, this time by a virus that many of us, only weeks ago, had never even heard of. At the Ebby Halliday Companies we are concerned first and foremost with the health and well-being of our clients, sales associates and employees. Naturally, we are also concerned with the virus’ impact on our local economy; and specifically, the North Texas residential real estate market.

 

What will happen to the local real estate market in the wake of the coronavirus (COVID-19) pandemic? No one knows the exact answer to this question, but an optimism runs through the veins of North Texans that is infectious in its own way.

 

This is why so many choose to call our region home – in fact, almost 400 new residents join us each day. After the COVID-19 pandemic subsides, even more people will seek our highly desirable lifestyle of an ideal location in the Central U.S., a moderate climate, world-class amenities and affordable housing, thus sustaining and driving our local economy.

 

With the arrival of COVID-19 in the North Texas region and with Shelter-In-Place Orders now active in most surrounding counties, real estate services have been deemed an essential service and we take that responsibility seriously.

 

There is no question that this latest challenge to our region will leave its own indelible mark. Selling a home will take a bit more patience as we all navigate uncharted waters, but keeping your property on the market is vital as buyers turn more often than ever to online shopping. Virtual tours, photography and videos will offer a competitive edge for sellers.

 

If you would like to discuss selling your home or purchasing a North Texas home, please contact an Ebby Halliday Realtors agent today.

 

As with each Ebby Halliday Companies real estate brand, our Core Services brands, which include Prosperity Mortgage, Home Team Insurance and Texas Premier Title, utilize the latest technologies. They are able to fully serve your mortgage, insurance and title needs online, over the phone and through mobile service.

 

As we mark 75 years of conducting business in North Texas in 2020, we are reminded of the challenges this great company has seen and survived. In many of those moments, the future was unclear, but our company steadied its course, did what was necessary and came out stronger on the other side. It would be our honor to share our knowledge and experience with you.

How May We Serve You?


We're Here to Serve You

 

As your North Texas residential real estate partner, Ebby Halliday Realtors continues to closely monitor the impacts of the COVID-19 Coronavirus.

 

“We recognize that the nature of our relationship with you is a little different than most businesses,” says Chris Kelly, president and CEO of the Ebby Halliday Companies. “We aren’t a business that you stop into occasionally, or one that you can get take-out from over the next several weeks. Our business brings us into your homes. And right now, ‘home’ is where national and local health officials are saying we are the safest and where we should be. That alone means we need to be more mindful than ever of the commitment we have to you and your home.

 

“As we strive to ensure the health and safety of our clients, sales associates, employees and community, it is important for you to know what we are doing as a company,” Kelly says. “We want you to have peace of mind while we help you find that new home or sell your current one at a very unique time in our market. We have robust continuity plans across all of our business lines. All of us will need to exercise a degree of patience in everything we do, as some parts of any business may simply take a little longer – but our doors, whether physically or virtually, will remain open and we are honored to meet your needs. During this time of uncertainty, serving you remains our priority.”

 

Among the ways Ebby Halliday Realtors agents are serving clients:

 

Virtual Tours – Want to see a property or have an open house? Virtual open houses and tours may be the right answer for you.

 

Contracts – Have contracts or agreements in the pipeline? All can be handled electronically and efficiently from the comfort of your home.

 

Loans, Insurance and Closing – Need to apply for a loan, obtain insurance or close on a property? The Ebby Halliday Companies’ mortgage, title and insurance partners Prosperity Mortgage, Home Team Insurance and Texas Premier Title, offer online, over-the-phone and mobile services.

 

As always, all North Texas homes for sale are available for viewing on ebby.com.

 

“As we mark 75 years of conducting business in North Texas, we are reminded of the wars, recessions, natural disasters and other challenges this great company has seen and survived,” Kelly says. “In many of those moments, the future was unclear, but our company steadied its course, did what was necessary and came out stronger on the other side. This will be no different. I encourage you to be mindful of your and your family’s health in the coming weeks, and on behalf of all us at the Ebby Halliday Companies I thank you for trusting us with your home.”

 

 

 

Market Snapshot: March 2020


Curious how the North Texas housing market is performing? Take a look at the latest stats.

Market Snapshot Blog December 2019

A Message from Our CEO Regarding COVID-19


 

This is a unique time in our market. Your trusted real estate partner for the past 75 years and our over 2,000 sales associates and employees are here to help you through your housing needs across North Texas as we come together as a community. We are combining CDC and local health officials’ guidance, as well as innovative practices, to help better protect you and your home. Our relationship brings us into your home and we are taking that responsibility seriously with you and your health in mind.

North Texas Experiences Double-Digit Home Sales Increases


North Texas Experiences Double-Digit Sales Increases

 

What’s the latest news in the North Texas housing market? Real Estate Editor Steve Brown of The Dallas Morning News provides a very encouraging picture of the early spring market in his March 9 article titled “February was another big month for North Texas home sales.”

 

Brown reports North Texas home sales jumped 10% in February — the second month in a row of double-digit percentage sales increases from a year ago.

 

Area real estate agents sold 7,574 single-family homes last month, the largest total ever for the month of February.

 

So far in 2020, home sales in North Texas are up 14% from the first two months of 2019, according to data from the Real Estate Center at Texas A&M University and the North Texas Real Estate Information Systems.

 

Near record low mortgage rates have given homebuyers a boost, causing property purchases to surge in the past few months.

 

Prices are up, too. The median home sales price in North Texas was $266,620, up 7% year over year.

 

The sharp increase in sales caused a drop in home inventory. At the end of February, 20,723 single-family homes were listed for sale with real estate agents in the more two dozen counties included in the survey. That’s a decline of 5% in the number of homes on the market in the area.

 

With mortgage rates so low, the outlook for home sales in the coming months is strong.

 

The number of pending home sales in the area — properties under contract but not yet purchased — was up 15% in February from a year ago.

 

“The stunning decline in mortgage rates has stimulated both the new and existing housing market thus far in 2020,” said Ted Wilson, principal with Dallas-based housing analyst Residential Strategies. “Inexpensive financing costs will remain a stimulus for housing — and it is likely that rates will remain very low for some time.”

 

For Brown’s full article, click here.

 

Get a Head Start on the Spring Market


Home and healthy front yard during late spring season

 

Year-over-year home sales for January and the relatively low inventory of homes available to purchase indicate there is no reason to wait until spring to list your home for sale, according to Chris Kelly, president and CEO of the Ebby Halliday Companies.

 

“The latest numbers from North Texas Real Estate Information Systems offer a compelling case for sellers who would like to get a head start on their potential competition,” Kelly says.

 

A few of the highlights from the NTREIS numbers for January 2020 vs. January 2019 include:

 

*  The average sales price for a North Texas home rose 8.9%.

 

*  The average percent of original list price sellers received was 95.1%

 

*  The average days on market was 61 days.

 

“These numbers make it clear that the winter of 2020 offers a great climate in which to list a North Texas property for sale,” Kelly says. “Potential sellers should act now to get ahead of the traditional spring market.”

 

If you’re considering listing your home, contact an Ebby Associate to learn more about the real estate market in your neighborhood and to find out what your home is worth in today’s fast-paced market. To find the ideal agent for your residential real estate needs, visit the award-winning, mobile-friendly ebby.com.

Mathews Named VP of Strategic Growth & Technology


 

Travis Mathews Named VP of Strategic Growth & Technology

 

With a commitment to growing the Ebby Halliday Companies‘ presence throughout North Texas and beyond, we are excited to announce the creation of a new position, Vice President of Strategic Growth & Technology. Filling this new role is Travis Mathews, a Dallas real estate industry and HomeServices of America veteran.

 

Mathews has been in the real estate industry for 16 years, starting as an agent with Briggs Freeman in 2004. He joined Allie Beth Allman & Associates in 2008, most recently serving as its Chief Operating Officer. In 2018, Mathews joined the Ebby Halliday Companies’ parent company, HomeServices of America, as Director of Operations, overseeing critical and innovative technology initiatives.

 

In his new role at the Ebby Halliday Companies, Mathews will focus on leading growth strategies through acquisitions, franchising and related expansion opportunities. In addition, he will work closely with the Marketing and Technology teams to create agent and consumer roadmaps for the use and adoption of tools and offerings with the rollout of ART, an online hub for Agent Resources and Technology.

 

Mathews will also help oversee commercial real estate growth at the Ebby Halliday Companies – helping expand the already incredible advancements made by Elizabeth McCoy and others.

 

Mathews graduated from the University of Missouri School of Journalism and has an MBA from Southern Methodist University. He is married to Brittany Mathews, a real estate agent in Dallas. The couple have two children.

 

Mathews will be winding down his current HomeServices responsibilities over the next several weeks as he transitions into this new role at the Ebby Halliday Companies.

 

 

Market Snapshot: December 2019


Curious how the North Texas housing market is performing? Take a look at the latest stats.

Market Snapshot Blog Template

Based on data from NTREIS for Nov. 2019 – avg. sales price: Nov. 2019 vs. Nov. 2018