MetroTex NEWS

 

Buyers Are Waiving Contingencies to Sweeten Their Offers

Jul 31, 2020

The pandemic and high unemployment rate haven’t slowed the housing market. With home buyers facing heightened competition this summer for a limited number of homes for sale, some have decided to try to gain an edge by waiving contingencies to make their offers more competitive. In June, nearly 20% of successful offers submitted by Redfin […]

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Homeownership Rate Rises Close to Housing Boom Levels

Jul 31, 2020

While a change to the Census Bureau’s survey process may have affected the results, young adults and minorities still showed striking increases in ownership. The U.S. homeownership rate surged to its highest level in 12 years in the second quarter as low mortgage rates and the pandemic prompt more Americans to want to have a […]

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Dallas-Area Construction Jobs Bounce Back

Jul 30, 2020

The Dallas-area made up some of the losses from earlier in the pandemic. More than 60% of U.S. metro areas had lost construction jobs at midyear. But building sector jobs in the Dallas area were higher than in June 2019, according to a new report by the Associated General Contractors of America. Because of the […]

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Contract Signings Make a ‘Remarkable’ Move

Jul 30, 2020

Pending home sales continued to escalate in June, the second consecutive month of increases—and all in the midst of the COVID-19 pandemic. The National Association of REALTORS®’ Pending Home Sales Index showed that each of the four major regions of the U.S. saw an increase in month-over-month contract signings as home buyers rushed out to […]

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Upcoming Video App May Be Your Next Tool

Jul 29, 2020

Get ready for another social media site: In early August, Facebook will launch its own version of TikTok known as Instagram Reels. The video platform will allow users to create interactive short clips set to music. The majority of REALTORS® use social media apps on a daily basis to communicate with clients. The top social […]

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Make Way for Female Homebuyers – They Are Tackling the Housing Market

Jul 29, 2020

Women are becoming homeowners at an increasing rate based on a new report from Compass and Better. This news is exciting, considering women have historically been denied mortgages more often than men. Of the Compass agents surveyed in the aforementioned report, 58% shared that the majority of their clients were women who were the primary or sole […]

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