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Luxury Home Sales Improve in 2013
Federal Government Is Tapering off Stimulus Package for The Housing Industry
Frisco Named Best Mid-Sized City in Country to Move to!
Recovery to Continue in 2014, Says NAR; Rates and Home Prices Predicted to Rise
Existing Home Sales Rise as Median Sales Prices Increase

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Luxury Home Sales Improve in 2013

Sales of luxury homes was one of the fastest-growing segments of the housing market in Dallas-Fort Worth in 2013.
Between January and October, 809 luxury homes — priced at $1 million and above — were sold locally, which was 22 percent more than the number sold during the same period of 2012, according to a report of the Texas Association of Realtors and Texas A&M’s Real Estate Center.

The luxury market made up 1.1 percent of total sales in Dallas-Fort Worth over the first 10 months last year, the report said.

Federal Government Is Tapering off Stimulus Package for The Housing Industry

Mortgage rates in the U.S. increased slightly, following positive housing news on housing starts and building permits, and the policy announcement from the Federal Reserve, according to Freddie Mac.  

The 30-year fixed-rate mortgage averaged 4.47 percent this week, increasing from 4.42 percent last week. At this time last year, the average was 3.37 percent.  

Mortgage rates increased slightly leading up to the Federal Reserve's announcement to begin trimming its bond buying program and start tapering off the stimulus package for the housing industry.

Frisco Named Best Mid-Sized City in Country to Move to!

With low crime and top schools, Frisco has propelled to the top of the list of best mid-sized cities in the country to move to, according to a new study released today by Movoto, an online real estate brokerage based in California.

Movoto came up with its top 50 cities after looking at the number of homes for sale per capita, the cost of living index, the unemployment rate, median household income, crime rate and quality of schools for cities across the country with populations of between 125,000 and 200,000.

Recovery to Continue in 2014, Says NAR; Rates and Home Prices Predicted to Rise

The real estate market will continue its road to recovery in 2014, with home prices rising 6 percent and mortgage rates hitting 5.4 percent.  In addition, demand is predicted to plateau, all according to Lawrence Yun, Chief Economist and Senior Vice President of Research for the National Association of REALTORS.

Other factors aim to set the market back on the right path.  Although there could be a possible negative impact due to rising mortgage rates, job creation and loosening underwriting standards should balance out 2014's sales volumes.

Existing Home Sales Rise as Median Sales Prices Increase

Existing-home sales increased nationwide in August and reached the highest level in 6 ½ years, according to a new report from the National Association of Realtors®. The report also shows the median home sales price has experienced nine consecutive months of double-digit year-over-year increases.

Total existing-home sales rose 1.7 percent from July to August, and are 13.2 percent higher than in August 2012. Sales are at the highest pace since February 2007, and have remained above year-ago levels for the past 26 months.

Dallas Area Home Prices Set New Record In June

Dallas-area home prices rose by a record 8 percent in the newest Standard & Poor’s/Case-Shiller Home Price Index. The increase in June from the previous year was the largest ever recorded for Dallas.

Dallas-area prices are now approximately 3 percent higher than they were at the peak of the market in June 2007. Area home prices have gained more than 15 percent in value from where they were at the worst of the recession in early 2009.

Nationwide, prices were up 10.1 percent in the Case-Shiller Home Price Index.

THE FORMER FIRST LADY, LAURA BUSH CONGRATULATES EBBY HALLIDAY

The former First Lady Laura Bush congratulates The First Lady of Real Estate, Ebby Halliday in her successful business and professional recognition of how this name is unprecedented in the North Dallas area.


VIDEO of First Lady Laura Bush - CLICK HERE





Case-Shiller: Dallas Area Home Prices Up 6.8 Percent

The Dallas-area continues to see gains in home prices in the closely-watched Standard & Poor’s/Case-Shiller Home Price Index.Dallas-area home prices were up 6.8 percent in March from a year ago in the latest monthly home price comparison. 

Homes prices were up 7.1 percent in February and 7 percent in January from a year earlier.Dallas-area home prices are now only about 3 percent below where they were before the recession, according to Case-Shiller’s numbers. Prices in the Dallas area have been rising on a year-to-year basis for the past 13 months.

SURVEY SAYS: Multiple Offers, Rising Sales Prices Evidence of Strong Sellers Market in North Texas

 A recent online survey conducted by Harris Interactive and reported by RIS Media reveals ”a … dramatic reversal in previous year’s buyer’s market status.” A current lack of inventory is producing a surplus of offers in many markets, with rising home sale prices and sellers often receiving multiple offers on their homes.

The survey also found that many buyers are now willing to compromise on closing dates, amenities, features, and location attributes when searching for a home.In the Dallas-Fort Worth and North Texas real estate market, today may be the best time in years to sell a home. A strong seller’s market, low interest rates for buyers, and a shortage of homes currently for sale all are advantages for the home seller.

First Quarter 2013 Sets Record Pace for Texas Real Estate

Yesterday, the Texas Association of REALTORS® released the 2013-Q1 edition of the Texas Quarterly Housing Report, showing surging demand for Texas homes at the start of the year as well as rising prices and shrinking inventory. 

Fueled by Texas’s population and job growth, the report bodes well for the summer selling season.  2012 was a strong year for Texas real estate and, based on these first-quarter results, 2013 looks to be even stronger. Everyone has heard a lot about the growth of Texas and now we’re starting to really see the impact on our real estate market.