MetroTex NEWS

 

MetroTex Board of Directors Application Process Underway

Mar 31, 2021

MetroTex Association of REALTORS® is one of the fastest growing REALTOR® Associations in the United States. Our strength comes from our Membership as a whole and is expressed through active volunteers who are the leadership and future of the Association. One key element in our strategic plan is to identify, develop and nurture future volunteer […]

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Dallas Tops List of Cities Building the Most Homes for Buyers

Mar 30, 2021

Permits for residential construction are up 14% compared to a year ago, according to Census Bureau data, showing that development of new-home communities is ramping up amid surging buyer demand. Permits are a gauge of future home construction. “Builders are looking to grow wherever they can right now,” Rick Palacios Jr., an analyst with John […]

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CDC Extends Eviction Moratorium to June 30

Mar 29, 2021

On Monday, March 29, the CDC announced it is extending the federal eviction moratorium for an additional 3 months, through June 30, 2021. The order was put into place Sept. 4, 2020, but has been challenged in court across numerous states and localities in the months since. In addition to the court challenges, the National […]

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Inventory Crisis Pushes Down Existing-Home Sales

Mar 26, 2021

Following months of sharp gains, existing-home sales reversed course in February, falling 6.6%, reported the National Association of REALTORS®. However, the dip—precipitated by a persistent inventory crunch that’s getting worse—isn’t necessarily a significant drag on the real estate market, says NAR Chief Economist Lawrence Yun. “The market is still outperforming pre-pandemic levels,” he says. Despite […]

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What To Do When There are Multiple Offers

Mar 25, 2021

Limited inventory in most Texas markets has led to fierce competition for purchasing homes. Buyers should prepare for the possibility of paying full price or higher and consider other strategies to make their offer as competitive as possible. Sellers must act fairly and make sure no one buyer has an unfair advantage. These tips from […]

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Watch Now: TREC Contract Changes Coming April 1

Mar 24, 2021

Kristi Davis of the MetroTex Forms & Contracts Committee and Charles Kramer of Republic Title joined us recently to discuss TREC’s approved changes to the promulgated contract forms, which go into effect April 1, 2021. The most significant of those affect delivery of the termination option fee. We discussed changes made to Paragraph 5; the […]

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