Mortgages
According to a survey by Bankrate, Texans pay more in home mortgage fees than any other state in the U.S. The study, which ranks closing costs for loans including lender origination fees and other charges typically associated with obtaining a mortgage, showed that Texas has the highest fees across all 50 states. That’s a sharp…
I love using real estate apps on my phone. Every time I drive by a “For Sale” sign in a neighborhood, I pull out my phone and queue up one of my favorite listing apps (yes, I have more than one on my phone!) and check out the property and sometimes other ones nearby.…
According to the most recent report from CoreLogic, the Dallas-Plano-Irving MSA ranked seventh in year-over-year home price growth among the 100 statistical areas the firm measures in its Housing Price Index with a 9.4 percent increase in prices (excluding distressed sales) through the year ending in December 2013.
We knew 2013 was a banner year for Dallas Realtors as our market pulled itself up by its bootstraps and posted post-recession growth that amazed even the most seasoned brokers. But according to research from the Real Estate Center at Texas A&M University, the market posted year-over-year numbers that showed Texas flexing its economic muscles…
First-time homebuyers are finding it harder and harder to get into their dream home.
The National Association of Realtors said that first-time homebuyers make up only 28 percent of the national housing market in a Jan. 28 new story, the lowest number since the organization started measuring the demographic in 2008. According to the NAR, first-time homebuyers typically make up about 40 percent of the market, but several factors are keeping them from purchasing a home, including higher competition for lower priced properties, which are being swept up by investors at increasingly high rates.
