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.

 

 

 

When is the Right Time to List a Home?


99696632

 

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.

 

Homeowners Keeping Up With Mortgage Payments


Mortgage Matters 1-22-14

 

We’re happy to share with you that the number of Dallas-area homeowners behind in their mortgage payments dropped to 3.7 percent in November. That’s down from 4.3 percent in the same month of 2012, according to a new report today from CoreLogic.

 

The Dallas-area number is well below the 5.09 percent of U.S. homeowners with a loan 90 days or more delinquent. Only 1 percent of Dallas-area home loans were in foreclosure in November. That’s less than half the nationwide foreclosure rate.

 

North Texas foreclosure filings have dropped to the lowest level in almost a decade. For next month’s foreclosure auctions, postings are about 40 percent below where they were in early 2013.

 

At Ebby Halliday Realtors, we’re bullish on North Texas and our increasingly stron economy. The Dallas-Fort Worth area is truly a great place to call home! To see all of the homes available for sale in North Texas, visit the award-winning ebby.com.