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

D CEO Names Chris Kelly to Dallas 500


D CEO Names Ebby's Chris Kelly to the Dallas 500

 

D CEO, the regional business publication of D Magazine, recently unveiled its fifth-annual list of the most powerful business leaders in North Texas, including Ebby Halliday Companies President & CEO Chris Kelly. The Dallas 500 celebrates the most influential business leaders in North Texas.

 

The Ebby Halliday Companies includes real estate brands Ebby Halliday Realtors, Dave Perry-Miller Real Estate and Williams Trew, as well as core-services companies Prosperity Mortgage, Home Team Insurance and Texas Premier Title.

 

Now in its fifth year, the publication is the culmination of months of research by the editors of D CEO, who base selections on extensive contacts in local business circles and hundreds of interviews.

 

Unprecedented in scope, the Dallas 500 provides an engaging, personal look at people at the top of their game in 53 prominent industries. For 2020, 336 of last year’s Dallas 500 were brought back, including Mark Cuban, Ross Perot Jr., Lyda Hill, and Jerry Jones. That means 164 new individuals were added, including Kelly, who became president and CEO of Ebby Halliday in November 2018.

 

“Making the Dallas 500 is no easy feat in a market as large and vibrant as North Texas,” said D CEO Editor Christine Perez. “Those featured in our 2020 edition are at the best of the best; they play an integral role in driving the local economy.”

 

“It’s my honor to be named to the Dallas 500,” Kelly says. “But I want to give credit where credit is due: Our people are what make the Ebby Halliday Companies special. It’s my honor to work alongside an immensely talented team of professionals who are passionate about serving our clients, our communities and our industry. The opportunity to help lead this iconic company to its next level of growth and performance is both humbling and exciting.”

 

Kelly joined ReeceNichols Real Estate, HomeServices’ wholly-owned company based in Kansas City, in 2007 and served as corporate legal counsel before being promoted to chief administrative officer of ReeceNichols Real Estate, Berkshire Hathaway HomeServices Kansas City Realty, Kansas City Title and its other affiliated businesses and services in 2013. In this role, Kelly was actively engaged in virtually all aspects of brokerage operations and as a licensed broker, Kelly provided guidance and direction to the company’s 2,600 licensed Realtors. In 2017, Kelly joined HomeServices as Senior Counsel where he supported the company’s acquisitions and technology initiatives.

 

As CEO of the Ebby Halliday Companies, Kelly shapes the company’s strategy and leads with a focus on driving future growth while preserving Ebby’s legacy of exceeding clients’ expectations.

 

Founded in 1945 as a one-woman, one-office firm, Ebby Halliday today is the largest residential real estate company in Texas by sales volume. It was acquired by HomeServices of America, a Berkshire Hathaway affiliate and the country’s largest residential real estate company based on transactions, in 2018.

 

For more information about Ebby Halliday Companies brokerage, mortgage, insurance and title services, visit ebby.com, daveperrymiller.com and williamstrew.com.

Market Snapshot: November 2019


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

Market Snapshot BlogBased on data from NTREIS for Oct. 2019 – avg. sales price: Oct. 2019 vs. Oct. 2018

Wire Fraud: Beware of the Risks


computer security

 

October is Cyber Security Awareness Month. As part of HomeServices of America and Berkshire Hathaway, the Ebby Halliday Companies have been leading the way in educating clients on the risks associated with wire fraud.

 

All of our real estate services have implemented the latest technologies and practices to minimize the risk of financial loss for those we work with. However, hackers can still infiltrate a client’s email or third-party email accounts that are outside our control in an effort to intercept funds wired as part of a real estate transaction. Simply put, home buyers and sellers should never trust any wire-transfer instructions that are delivered via email.

 

Sadly, our client, Graciela Veronica-Corona became a victim of wire fraud just as she was about to realize her dream of owning a home. Graciela has asked that we tell her incredibly painful story so that what happened to her doesn’t happen to anyone else.

 

Please watch this video to learn more about Graciela and how you can make a difference for her.