Welcome to the DaveRyer.com Blog

2015-08-19 09:47:27
Real Estate Statistics for North Texas: July 2015

According to the U.S. Census, homeownership is at 63.4 percent for the second quarter of 2015, down 1.3 percent from the second quarter of 2014.

This is the lowest rate of homeownership since 1967.

To put that in greater context, homeownership peaked at 69.2 percent in 2004, and the 50-year average is 65.3 percent. Although the data may be indicating otherwise on a macro level, mortgage applications have kept REALTORS® busy through summer.

New Listings in the North Texas region increased 14.0 percent to 15,101. Pending Sales were up 5.8 percent to 9,794. Inventory levels fell 13.5 percent to 26,398 units. Prices continued to gain traction. The Median Sales Price increased 8.8 percent to $210,000. Days on Market was down 15.6 percent to 38 days. Sellers were encouraged as Months Supply of Inventory was down 18.4 percent to 3.1 months.

Ever since the Great Recession ended in about June 2009, the market has strengthened to once again become a cornerstone of the national economy. Better lending standards, lower oil prices and higher wages are a few of the catalysts for positive change. Many trends continue to reveal a stable housing market. Federal Reserve Chair, Janet Yellen, has predicted a fine-tuning of monetary policy by the end of the year. It is widely believed that interest rates will go up before the year is over, an indicator that the housing market is ready for such a move.

Below you will find some key points from July's results. Click HERE to download the full report. 

 




 

 

If you're not sure what this means for you, give me a call and w will talk about buying or selling in today's market. 

Whether you're buying or selling, or both, I'm here to help! 

 
Blog Archive
2016-06-03 10:58:01
Your Property Inspection: What to Expect

2016-05-20 11:07:31
Tips for selling a Pet-Friendly Home

2016-05-12 11:17:44
Preparing your home for the Summer Market

2016-02-08 09:39:51
Find Out How Much Your Home is Worth!

2016-01-20 09:22:04
6 Things to Look for during a Listing Presentation

2016-01-15 10:43:48
Get Ready to Sell! Now's the Time!

2015-12-02 12:42:06
Christmas in DFW

2015-10-28 13:06:24
Tips for a Safe Night of Trick-or-Treat

2015-09-14 11:46:35
6 Ways to Keep Your Identity Safe During a Home Sh

2015-08-24 09:42:37
Back to School!

2015-08-19 09:47:27
Real Estate Statistics for North Texas: July 2015

2015-04-20 09:50:19
5 Guidelines for Tipping Movers

2015-04-09 12:33:51
Declutter Before You Sell

2015-03-26 13:11:56
Reminder: Getting a Home Inspection on your New Pr

2015-03-17 09:05:18
Tips On Moving With Children

2015-02-26 09:20:59
Let's Talk Title and Escrow

2015-01-30 10:07:59
Let's Talk Home Inspections

2014-10-23 13:08:24
Emergency Preparedness in the Home

2014-09-22 09:24:50
Buying Your Texas Home

2014-07-08 10:55:42
Selling your Home During Divorce.

2014-06-05 10:55:19
Open House! What you should look for.

2014-05-14 11:39:25
Staying Safe in Residential Pools

2014-05-08 10:16:04
Frequently Asked Questions about Residential Appra

2014-02-26 12:02:17
Find Your Ideal Neighborhood!

2014-02-25 10:13:44
Fresh Tips for Selling Your Home this Spring

Click here to see ALL articles.


Comment on this Article

Your Name:
Your Email:
Comments:
Verify:  Please enter the numbers shown to help eliminate spam.