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Found 35 blog entries about Market Data.

Things Not To Overlook When Home Searching

 by Karl Kennedy of projectortop.com

When searching for a house to purchase, be careful not to fall too fast for the home that looks like “the one.”  Quite often, heavily edited pictures are the first thing a person sees when home searching online for what’s available in his or her desired area.  These pictures are usually accompanied by a short blurb that explains how amazing the home is or how it could be customized to perfection for whoever the buyer is after doing some work on it.

 It’s essential to go with a game plan if a property wows enough to visit in-person.  Arrive with questions for the seller’s agent and don’t be afraid to ask more during the tour. Give each room a detailed inspection. …

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Corona  

What a different world we live in today. Who would have thought most of us would be working from home, wearing masks in public, and hoarding toilet paper and disinfectants? Welcome to 2020 and our new reality.

So what does all of this virus stuff mean for DFW real estate? I'm seeing less showings on listings, but believe it or not people are still buying homes. Agents have gotten creative to try an minimize exposure for buyers and sellers. We're using facetime, zoom, videos, and 3d virtual tours.

Yes sales have slowed, but I'm hopeful it's more of a temporary slowdown than a long term shift. According to this article - D-FW’s Home Market Ranked Among Least at Risk From COVID-19 by the Dallas Morning News, Dallas and Fort Worth markets are…

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I'm honored to be named "D Best" and "D Top Producer" again this year for selling greater than 10 million dollars in real estate each year. Thank you to all of my wonderful clients.  You guys are the best!

Dbest

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A little late with this post, but hey we've been busy selling houses!  It was a great 2018, and 2019 is going to be even better!

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  • Agents sold 8,260 preowned homes in September, a 7% decrease from September 2017.
  • Year-to-date existing home sales are now flat with the same period of 2017; a record of over 106,000 existing homes were sold in 2017.
  • Higher mortgage rates and years of rising home prices have caused some buyers to retreat from market.
  • Inventory of available homes increased 16%, but still represents only a 3-month supply; 6 months is considered a balanced market.

Market Report

Happy Fall!

It’s always a welcome change to me when the temperature falls (some) and the leaves begin to change to vivid autumn hues.

As you can see in the enclosed report, it appears our housing market is also changing a little with the season. After several years of an almost…

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  • Agents sold 10,488 preowned homes in August, a 1% decrease from August 2017.
  • The year-to-date sales pace remains 1% ahead of 2017, which had the highest number of sales on record.
  • The average sales price in July climbed again by 5% to $313,263.
  • Demand and price appreciation for more expensive homes has flattened out.
  • Strongest sales pace in August was for homes in the $200,000 to $400,000 price range.

Market Report

North Texas continues to be a top destination for in-migration from other states. Job growth is high and home pricing is reasonable compared to metros on the coasts. For these reasons, experts predict that we will continue to experience a healthy, stable housing market. But, residential real estate will always be a localized…

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Market Outlook

After a decline in June, North Texas existing home sales rose again in July with most of the activity occurring in the $200,000 to $400,000 range.  New home starts are up 12% from 2017 as builders respond to the demand and lack of inventory in this price range.  On the flip side, demand and price appreciation for higher-priced homes has softened, which makes it a great time to be a move-up buyer.  But, the key to achieving your buying or selling goals in any price range is working with a professional who understands the diversities of today's market.

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Outlook

North Texas home sales surged in May, setting new records. But, there are different challenges and opportunities presented by different price points. Homes priced below $200,000 are quickly snapped up by millennials and investors, while owners of homes priced over $600,000 have more competition and less demand. The key to success is to enter the market with the expert guidance of a local real estateprofessional who understands the dynamics affecting your specific home sale or purchase goals.

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D Best

I'm honored to be named a D Magazine Best Real Estate Agent and Top Producer again this year.  Thank you so much to my wonderful clients.  You guys are the best!

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2018_04

The Spring Selling Season is Here!

Buyer demand is as strong as ever, and the good news is that the inventory of available homes has increased 8 percent from the same time a year ago.

Even with the increase, however, the supply remains under what is considered a balanced market. Properties that are in a good location, in good condition and are priced accurately are a hot commodity.

If you would like a current analysis of what your home would possibly sell for in today’s market, I'd love to help. As an expert in our local market, I have been closely watching the trends and can explain how they affect you and your specific real estate goals as a buyer or seller.

Just call, email or text me anytime! And please recommend me to any of your…

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