Which three Texas communities were on Bloomberg’s list of richest places? How did DFW fare when it comes to mortgage delinquencies? We talk about all that and more in this week’s roundup of real estate news.
Two DFW Places Make Bloomberg List
Highland Park is one of the richest places — no surprise to anyone who has driven through the town, ranking No. 6 in Bloomberg’s list of the wealthiest communities, the publication said. Neighboring University Park came in at No. 17.
Southlake made the top 50 at No. 44.
All told, Texas had six communities place on the list, including West University Place and Bellaire.
Dallas, State See Drop in Mortgage Delinquencies
Mortgage delinquencies dropped to 4 percent from 4.6 percent in November 2018, CoreLogic’s Loan Performance Insights Report revealed.
Nationally, 4.1 percent of mortgages were in delinquency in November 2019, which is also a 1.1 percent decline. In Texas, every major metro saw declines in the delinquency rate as well, with Houston posting a more than 5 percent drop in delinquencies from 10.4 percent to 5.2 percent. Auston posted the lowest rate, 2.6 percent. San Antonio’s dropped from 6.5 percent to 5.7 percent.
Caballero Breaks World Record For Home Sales, Again
Ben Caballero, who holds the Guinness World Record for home sales, broke his record for home sales again last year, selling 5,793 homes totaling $2,270,911,643 in a single year, his company, HomesUSA.com said last week.
That total is according to data from local MLSs of the Houston Association of REALTORS®, North Texas Real Estate Information Systems, San Antonio Board of REALTORS® and the Austin Board of REALTORS®.
Caballero also listed an additional 668 homes for brokerages owned by home builders for an additional sales volume of $228,992,475. His combined real estate sales for the year totaled $2.499 billion with 6,461 homes sold, all in the state of Texas.
“Significantly, Caballero, in addition to his individual record, is the only individual real estate agent ever to surpass the total production of highest ranked real estate teams on ‘The Thousand’ list, as measured by total sales transactions (sides) and total transaction volume, as verified by REAL Trends,” a press release said. “In 2017 Caballero sold more than twice as many homes in both dollar volume and number of homes than those teams that appear on the most recent list. The REAL Trends list for 2018 sales production is expected to be published this June.”
All of that means that Caballero sold an average of more than 100 homes a week – nearly 16 homes a day, every single day of the year, and almost three home sales every business hour.