North Texas is Booming


North Texas is Booming

 

A brand-new analysis puts the cities of Richardson, McKinney and Frisco among the Top 10 American Boomtowns of 2015.

 

The rankings come from financial technology company SmartAsset, which looked at four economic factors in the country’s 575 largest cities. Rankings are based equally on the cities’ GPD growth rate, unemployment rate, net migration and housing growth.

 

Richardson comes in at No. 2, behind Loveland, Colo. McKinney finishes a close third. Frisco ranks No. 7. The Texas cities of Austin and Odessa rank sixth and eighth, respectively. Rounding out the Top 10 are Bend, Oregon; Bismarck, N.D.; Cape Coral, Fla.; and Westminster, Colo.

 

Ebby Halliday Realtors has long had a strong presence in Richardson, McKinney and Frisco, as well as across the entire North Texas region. For all of your residential real estate needs in North Texas and beyond, visit the award-winning ebby.com.

Home Sales Continue to Climb


 

Nationwide, existing-home sales rose 2.4 percent in July over June, according to the National Association of Realtors. Sales are at the highest pace of 2014 and have risen four consecutive months.

 

Lawrence Yun, NAR chief economist, says sales momentum is building behind stronger job growth and improving inventory conditions. “The number of houses for sale is higher than a year ago and tamer price increases are giving prospective buyers less hesitation about entering the market,” he said. “More people are buying homes compared to earlier in the year and this trend should continue with interest rates remaining low and apartment rents on the rise.”

 

Nationally, the median existing-home price for all housing types in July was $222,900, which is 4.9 percent above July 2013. This marks the 29th consecutive month of year-over-year price gains.

 

In North Texas, the median existing-home price for all housing types in July was $194,000, which is 6.2% percent above July 2013.

 

To see all of the homes listed for sale in North Texas, not just those listed with Ebby Halliday, visit the award-winning ebby.com.

 

 

 

Home Sales Heat Up


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Existing-home sales rose strongly in May and inventory gains continued to help moderate price growth, according to a just-released report from the National Association of Realtors. All four regions of the country experienced sales gains compared to a month earlier.

 

Nationwide, existing home sales rose 4.9 percent in May, but remain 5 percent below May 2013. The 4.9 percent month-over-month gain in May was the highest monthly rise since August 2011. Closer to home, in the country’s South region, sales rose 5.7 percent in May, and were down only 0.5 percent from this time last year.

 

“Home buyers are benefiting from slower price growth due to the much-needed, rising inventory levels seen since the beginning of the year,” says Lawrence Yun, NAR chief economist. “Moreover, sales were helped by the improving job market and the temporary but slight decline in mortgage rates.”

 

The median existing-home price nationwide in May was $213,400, which is 5.1 percent above May 2013. In the South region, the median price was $184,800.

 

To learn more about the real estate market in your neighborhood — or your neighborhood of interest — or to determine what your property is worth, contact an Ebby Associate today. To find the ideal agent for your residential real estate needs, visit the award-winning ebby.com.

Dallas-Area Home Prices Rise


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Dallas-area home prices were up 11 percent in March from a year earlier, according to a report released today by CoreLogic Inc.

 

The Dallas-area gain was about the same as the 11.1 percent nationwide increase. A shortage of homes for sale in many markets – including North Texas – is fueling home price gains.

 

The biggest annual home price increases in March were in Riverside, Calif., 20.9 percent, and Los Angeles, 17.1 percent.

 

“Colorado, the District of Columbia, North Dakota, South Dakota, Texas and Wyoming all surpassed their previous home price peaks in March 2014,” according to the report. “In all, 23 states and the District of Columbia are at or within 10 percent of their peak home price appreciation.”

 

If you’re considering listing your North Texas home, contact an Ebby Associate to learn more about the real estate market in your neighborhood and to find out what your property is worth in today’s fast-moving market. To find the right agent for your residential real estate needs, visit the website voted one of the industry’s best by the Web Marketing Association, ebby.com.

When is the Right Time to List a Home?


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When is the right time to list a home in Dallas-Fort Worth? Simply put, NOW!

 

How hot is the North Texas market? Check out these year-over-year numbers for March from North Texas Real Estate Information Systems:

 

*  Average days on the market were down 22.9% to 64 days.

*  Median sales price was up 9.7%.

*  Percent of original list price received was up 1.6% to 95.2% of asking price.

*  Finally, closed sales were up 11.1%.

 

With rising sales prices, few homes for sale and interest rates still at historic lows, the spring of 2014 offers the ideal conditions to sell a home in D-FW. Competition among buyers for well-priced listings is heated, with multiple offers on properties common in many area neighborhoods.

 

To learn more about the market in your neighborhood, contact an Ebby Associate today. To get started, visit the award-winning ebby.com.