North Texas Market trends
Texas is the place to be for economic prosperity and job growth, which in turn has made our real estate market one of the best in the nation, according to the 2014 Texas Annual Housing Report, released this week by the Texas Association of Realtors. Nearly every area of real estate in the Lone Star State continues…
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Recent reports show that new home sales are at their highest since 2008, while prices of existing homes are up year-over-year. New home sales are up 17 percent from the same time last year, according to Residential Strategies, and new home starts are up 11.4 percent, too, at 6,511. Builders are trying to keep up…
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This is very good news for home builders, not such great news for consumers. New home ownership is getting more expensive, even in North Texas. Hence all those apartments going up: “New homes priced under $150,000 are rapidly disappearing from the market because of shrinking lot inventory, rising land and construction costs. There are just…
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