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Dallas market updates

Building Permits On The Rise

The new construction housing market appears primed for growth this season. According to the Census Bureau, the number of single-family building permits issued in February rose to 472,000 on a seasonally-adjusted, annual basis, marking the highest building permit tally since April 2010 — the last month of that year’s federal home buyer tax credit [...]

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The Housing Marketing Update

Bull Market in Bonds Nearing an End? U.S. consumer confidence rebounded to its highest level in more than a year in March as optimism about jobs and income overcame higher prices at the gasoline pump, said a survey released on Friday. The Thomson Reuters/University of Michigan's final March reading for the overall consumer sentiment index [...]

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Housing Market Rebounding in 2012

Positive Signs Housing Market Rebounding in 2012 Realty firms say January and February WERE THE BEST months for home buying in years. Thanks to low interest rates and pent-up demand, the Multiple Listing Service reports for Dallas, Tarrant and Collin counties that there was an almost 15 percent increase in home sales in January over [...]

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Fewer homes for sale in North Texas means fewer bargains

Dallas Morning News Editor Steve Brown: Fewer homes for sale in North Texas means fewer bargains Listings at 10-year low But foreclosures, tough appraisals are keeping a lid on prices And the overall number of pre-owned houses for sale in North Texas is at the lowest level in more than a decade. Many neighborhoods have [...]

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Farmers Branch Demo Rebuild Program

Farmers Branch Benefits Coming home to Farmers Branch means escaping the noise and commotion of the big city and entering an oasis of tranquility. It’s the kind of small town that your parents or grandparents would be fond of, a place that recalls memories of a simpler time. World-class arts, shopping and great schools, plus a big-business [...]

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Foreclosure Filings Down 19 Percent In One Year

Foreclosure filings fell 19 percent last month versus one year ago, says foreclosure-tracking firm RealtyTrac. It’s yet one more signal that the U.S. housing market may have already climbed off its bottom. According to RealtyTrac, a ”foreclosure filing” is any one of the following foreclosure-related events : (1) A default notice on a home; (2) [...]

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FHA Mortgage Insurance Hike April 1

The Federal Housing Administration is following through with its pledge to increase upfront and annual mortgage insurance premiums on its single-family business. Starting April 1, FHA will hike its upfront premium to 1.75% (it had been 1%). This fee is ADDED to the loan amount when the borrower closes on the loan. While it’s not [...]

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Housing Starts Stay Strong; Building Permits Rise

The housing market has carried forward its year-end momentum. According to the Census Bureau, on a seasonally-adjusted, annualized basis, January’s Single-Family Housing Starts crossed the half-million unit marker for the second straight month. This hasn’t happened in close to 2 years and is the latest in a series of strong data that suggests the beleaguered [...]

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Homebuilder Confidence Returns To Pre-Recession Levels

New construction buyers in Dallas , look out. The nation’s home builders are predicting a strong 2012 for new home sales. It may mean higher home prices as the spring buying season approaches. For the sixth straight month, the National Association of Homebuilders reports that homebuilder confidence is on the rise. The Housing Market Index [...]

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The Housing Market Update

Pending Home Sales Rise to Near Two-Year High: Signed contracts for U.S. home resales rose to a nearly two-year high in January, further evidence of a budding recovery in the housing market. The National Association of Realtors said its Pending Home Sales Index, based on contracts signed in January, increased 2 percent to 97.0 — [...]

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