DFW Market Analysis: May 2018 vs May 2017

Rising housing market concept with multi-floor buildings.

According to the North Texas Real Estate Information System Summary MLS Report for: May 2018 compared to May 2017, the DFW Metroplex real estate market is escalating at impressive rates. The Median price of a Single Family Residential (SFR) home in the DFW Metroplex is 5% more in May 2018 than it was in May 2017. The SFR in the Metroplex averaged 39 Days on the Market (DOM) for homes that closed in May 2018. That is 3% slower than last year, and there are about 13% more homes on the market this year versus last year.

Condos are holding their value as well. The average price for a condo in the metroplex stayed the same from 2017 to 2018 ($286,196), but the average time on the market is 48 days- up 9% from last year. There are 17% more condos on the market in May 2018 than there were in May 2017.

Some notable changes in the market are in multifamily properties. Multifamily properties were on the market 15 days that reflects a 53% faster time compared to last year with prices up 25% on average compared to last year.

Rentals are also a great story, and congratulations if you purchased a rental property in January of 2016. The median price for rent in January 2016 was $1588 in the NTREIS compared to $1791 in May 2018. In January 2016, it took about 42 days to lease a home as a landlord (42 DOM) compared to about 36 days (36 DOM) in May 2018.

If you are renting, it is still a good time to buy. Yes you could have purchased cheaper if you had not waited, but I believe that the market will continue to pick at its current rate if not pick up at a higher pace. If you own a home that you are wanting to change, now is a good time to do it. I have worked with many people to make this happen. It is tricky, and it requires experienced real estate agent, the right lender, timing and a little luck. And, if you are considering purchasing investment property, just look at the numbers. I am very familiar with investors, the terminology and closing deals that sometimes close quickly and sometimes can take a year or longer.

If you are looking for a good and honest agent, reach out to me. I can help you with your real estate needs here in the Metroplex and am also very familiar with the Austin market as well as the Corpus Christi-Rockport-Copano Bay areas. I live on referrals, so please give my information to your friends who may need an agent in this crazy competitive market.

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Kiddie Condo Program

Do you or someone you know have a kid heading off to college in Austin? As if there is not enough going on for you now, but rent is ridiculous in most places around the state, and particularly in Austin, TX. Apartments.com reports that you can expect to pay about $1250-2000 per month for a one bedroom apartment near downtown/ campus area. It will be more like $1800-3000 for a two bedroom. This does not indicate luxurious living either. I can tell you from direct experience and my direct market analysis, you can expect to pay at least $2 per square foot in rent and much more ($5 and up) for one of those swank places in the sky in the shiny buildings downtown.

So, why not invest in a property? This is a perfect opportunity to take advantage of some programs available in these situations.  Ever heard of the kiddie condo loan? It is actually not a sanctioned FHA term, but a catchy way to describe the FHA “non occupying co-borrower”. Though this name is a bit deceiving. The loan program is NOT limited to condos. Townhomes and SFR are also eligible properties. This program does a few things. First it curbs the increase in rent in the Austin area over the next four or more likely five years for college. Second, it allows the co-borrower to establish credit. Third, when the co-borrower graduates, they should have some equity if they choose to cash out and start the next phase of their lives. There are also federal income tax bonuses, and you always have a place to stay for SXSW.

By using the “non occupying co-borrower” caveat, as long as the co-borrower is related by blood/ consanguinity  (i.e. parent, grandparent, sibling, etc.) then the loan requires as little as 3% down. The co-borrower can lease rooms out under this loan program, as long as they occupy the property.  There is also a lower interest rate for owner occupied versus investment/ lease property.

So, what can you get in the Austin area? Click below to see an active snapshot of condos available in the Austin and surrounding are that are $200,000 and under, with at least two bedrooms:

http://matrix.abor.com/DE.asp?k=1246113C1ZV&p=DE-66965481-423

The following link gives you an idea of what condos are available on the MLS now in and near the downtown area. Just click around. Home prices are on the rise in Austin and have been for a while. Read some of my other articles about the incredible market increases both in Austin and in the DFW area.

http://matrix.abor.com/DE.asp?k=1246113C1ZV&p=DE-66966016-68

I know this is a tough time, and maybe buying is too overwhelming at this point. Even renting takes a skilled and knowledgeable professional so that you get the best home for the best price in the right area, which trust me is not cheap or easy around here.  I can help you make that transition either by connecting you with the best lenders in the state and finding the best property for you. Or if you decide that leasing is best for you and your family, please let me know. I can help you find a killer apartment or service in Austin.

I hope you enjoyed reading this article. Please contact me with any questions or concerns. Also, feel free to pass this on or use it, but just give me credit, please.

How Federal Interest Rates Affect You

With interest rates at a crazy low, it is a great time to look at purchasing, refinancing or moving up-downsizing.  30 year fixed rates are 3.79% from what I read today at Noon (Bankrate.com). There is something significant happening today that may affect these ridiculous interest rates.

The Federal Reserve controls the open market operations, the discount rate, and reserve requirements. The Board of Governors of the Federal Reserve System is responsible for the discount rate and reserve requirements, and the Federal Open Market Committee (FOMC) is responsible for open market operations. Using these three, the Federal Reserve influences the demand for, and supply of, balances that depository institutions hold at Federal Reserve Banks and in this way alters the federal funds rate. The federal funds rate is the interest rate at which depository institutions lend balances at the Federal Reserve to other depository institutions overnight.

Changes in the federal funds rate trigger a chain of events that affect other short-term interest rates, foreign exchange rates, long-term interest rates, the amount of money and credit, and, ultimately, a range of economic variables, including employment, output, and prices of goods and services.

The FOMC meets eight times per year, one of which is happening today. All indications are that interest rates will increase because of the current meeting. That makes it a valuable time to get approved, find a home, lock in, and enjoy low interest rates for the next 30 years, or until you decide to sell at 12% market increase annually, if numbers continue at the current rate (MetroTex).

Call me soon to discuss the current market, strategies and just to say hi. I look forward to working with you and helping you find your next home or investment.  

 

DFW Area home sales and prices hit records!

Home prices in the DFW area are at another record-setting high in April 2017. Median sales prices are up 12% from a year ago, according to MetroTex Association of Realtors (MetroTex), North Texas Real Estate Information Systems (NTREIS)! 12% higher across the metroplex is what was documented in the record books, but were even higher in some neighborhoods according to the Real Estate Center at Texas A&M University and the NTREIS. Not only are the prices soaring, which is not projected to plateau off in most studies out there, real estate agents closed on 5% more homes in April 2017 than they did a year ago in April, 2016.

More than 30,000 North Texas properties changed ownership in the first quarter of this year (MetroTex). There is a tight supply with homes selling in hours sometimes, especially in those under $400,000 (NTREIS). On average, it took less than 40 days to sell a house in the area, slightly less time on the market than last April, and even less in markets under $200,000 and in certain locations. The current market supply consists of a 2.5-month supply of houses listed for sale with real estate agents, which is less than half of a normal market (NTREIS). I have sold two listings this year that were in contract within 24 hours of going onto the market.

So, do you wait for the market to ‘calm down’? That is a question I get a lot. It is never a bad time to buy in my opinion. If you have property, then you have profits/ proceeds out of that at a high market while taking it and applying it to what you want. If you do not currently own, there are some excellent programs out there in attempts to convert lessors into home owners. Those are most likely short lived in my opinion, so, now is an appropriate time to jump in there. With some down payment assistance programs, it is cheaper to buy than to rent.

Further, interest rates continue to remain consistently low and even have dropped when projected they were to rise. Interest rates are so low that it makes sense to finance property now. So, with that in mind, call me or text me with any questions. I will help you get started, introduce you to some great lenders in the area, and we can find your next home or investment.

Buyers Market?

Image result for real estate market pics

There are three good reasons why it is the season to buy now, in my opinion. If you are on the fence about buying or have been waiting for the right time, this may be it, from my perspective.

Reason #1: There has been a fundamental shift in the Texas market. I do not have the citations for this and do not know what the others are saying as I have been busy selling real estate. I am just writing what I am seeing in the real estate trenches. I can tell you that people who have been looking for homes for a long time are going into contract now. Buyers are not having to pay more than the home is worth to get it. And, buyers are not looking at 100 homes for a year before finding one. Now, that is a generalization, and there are still spots and price points where homes do not stay on the market more than a few hours, but for the most part, it is taking longer to sell homes, and particularly those from about $400,000 and up.  The back-to-school rush is over, so the market always cools down this time of year and will continue to slow as we approach the holidays.

Reason #2: The Feds and people who make those decisions are talking about raising interest rates. There have been arguments to why it is a good idea overall for our economy. They are almost giving money away at current interest rates. If you are in a position to get in on this, I recommend it. Even a small interest rate hike has significant impact on the price of a home you can purchase, and just think about all that extra interest over the next 30 years.  My own son who is not quite ready to buy is looking before the beginning of 2017, when I expect to see interest hikes. (Please read other opinions and news articles on this. There are always different sides to the story). While he will probably be making a little more money next year and more in a position to take on a mortgage, by that time I expect to see higher interest rates. While he will likely be in a higher price range in a year, he could probably buy about the same home he can buy now at less money at these historically low interest rates. Add that onto the value increase rates we are seeing, and we have ourselves a good-time-to-buy. I recommend you look at yours and your children’s position now as well.

Reason #3: If you close before the end of the year, you get your homestead exemption next year, which can be a nice tax savings at the end of the year. Further, there are tax deductions typically from closing, so it can help ease the burden for two years if you close before December 31.

Please note that I am not an economist, accountant or a tax adviser. I am a real estate sales professional and mother, and these are just my opinions and observations. Always consult the appropriate experts before making any financial decisions and/or investments. I am not saying to run out and do anything without great thought, but if you are a buyer deciding on good timing, then look at the variables closely.  I am your friend and expert in real estate…Call me with any of your needs. I work hard for every client, and I treat each client like family. My clients usually become good friends of mine, if they were not already.

Should I remodel?

Image result for remodeling projects image

“Should I remodel before selling my home?” …or “What is the biggest bang for the buck if I remodel my home?” I get these questions a lot…These are good questions. I recently read what Texas Association of Realtors (TAR) had to say, and as usual as they are a great organization, they are spot on, in my opinion. Click below to read a great guideline and breakdown of remodel jobs valuations and returns that are analyzed and compared regionally. Hopefully, this will help on your decisions to remodel or not…

2016TexasRemodelValuationReport

 

 

 

Does Home Loan Lingo Have You Confused? 

Are you thinking of purchasing property for your personal property, investment property or for your college kid(s), but feeling overwhelmed by the loan lingo and acronyms that seem like another language?  Whether you are a real estate warrior buying and selling for decades or whether this is your first -time real estate experience, or more commonly, been several years since home ownership, it is rarely easy to determine which loan program(s) are best for you, i.e.,  conventional loan, an FHA loan or any of the other loan types available.

Mortgage lending officers will be your main resource for this, so it is ultimately important to find someone you trust and who is experienced in your market. They will be familiar with the ebbs and flows of the different types of mortgage programs available, and they will also be able to provide an informed and educated perspective on your current financial situation helping to match you to the best mortgage loan options available.

I am not a lender. I am a Realtor and I cannot give counsel on loans in particular, nor do I have anything to do with originating or getting them approved. I work with a handful of excellent lenders, and I love them all. I can, however, provide some basic information that anyone can gather from diligent research, and I can put it together hopefully in a meaningful and useful series of words for your benefit.

Government agencies such as the Federal Housing Administration (FHA), the Farmers Home Administration (FmHA), U.S. Department of Agriculture, and the Department of Veterans Affairs (VA) can insure or guarantee loans.  The FHA is a part of the Department of Housing and Urban Development (HUD) and insures residential mortgage loans made by private lenders.  The FmHA provides financing to farmers and other qualified borrowers who may have trouble getting loans.  VA loans are for veterans or members of the military and can have a lower down payment.

The most common government insured loan I see is through the FHA. I hear a lot of people think that these are for first-time homebuyers and I hear a lot of untrue conjecture from both professional and from lay people regarding ever-changing FHA rules.  A  Basic Home Mortgage Loan 203(b) is designed to provide mortgage insurance for a person to purchase or refinance a principal residence. The mortgage loan is funded by a lending institution, such as a mortgage company, bank, savings and loan association and the mortgage is insured by HUD.

The eligibility requirements are much different than what most people quote or even cite in written materials. The following are the eligibility requirements as published by FHA on their website:

  • The borrower must meet standard FHA credit qualifications.
  • The borrower is eligible for approximately 96.5% financing. The borrower is able to finance the upfront mortgage insurance premium into the mortgage. The borrower will also be responsible for paying an annual premium.
  • Eligible properties are one-to-four unit structures.

Now, each property must be approved and meet certain criteria for the FHA to insure them, meaning that the FHA requires a certain type of inspection/ appraisal. This disqualifies a lot of homes and particularly those being sold ‘as-is’ from FHA buyers. That meant a few years ago that FHA buyers were not eligible to even bid on certain properties. That has changed somewhat through the streamlining of an FHA program that is designed to help buyers rehab certain properties while being insured by the FHA.

The FHA Section 203(k) program is insurance that enables homebuyers to finance both the purchase of a house and the cost of its rehabilitation through a single mortgage. Section 203(k) fills a unique and important need for homebuyers. When buying a house that needs repair or modernization, homebuyers usually have to follow a complicated and costly process. The traditional interim acquisition and improvement loans often have relatively high interest rates, short repayment terms and a balloon payment. However, FHA Section 203(k) offers a solution that helps both borrowers and lenders, insuring a single, long term, fixed or adjustable rate loan that covers both the purchase and rehab of a property. Section 203(k) insured loans save borrowers time and money. They also protect the lender by allowing them to have the loan insured even before the condition and value of the property may offer adequate security according to government guidelines.

Section 203(k) insures mortgages covering the purchase or refinancing and rehabilitation of a home that is at least a year old. A portion of the loan proceeds is used to pay the seller to pay off the existing mortgage, and the remaining funds are placed in an escrow account and released as rehabilitation is completed. The cost of the rehabilitation must be at least $5,000, but the total value of the property must still fall within the FHA mortgage limit for the area. The value of the property is determined by either (1) the value of the property before rehabilitation plus the cost of rehabilitation, or (2) 110 percent of the appraised value of the property after rehabilitation, whichever is less.

The extent of the rehabilitation covered by Section 203(k) insurance may range from relatively minor (though exceeding $5000 in cost) to virtual reconstruction: a home that has been demolished or will be razed as part of rehabilitation is eligible, for example, provided that the existing foundation system remains in place. Section 203(k) insured loans can finance the rehabilitation of the residential portion of a property that also has non-residential uses. The types of improvements that borrowers may make using Section 203(k) financing include:

  • structural alterations and reconstruction
  • modernization and improvements to the home’s function
  • elimination of health and safety hazards
  • changes that improve appearance and eliminate obsolescence
  • reconditioning or replacing plumbing; installing a well and/or septic system
  • adding or replacing roofing, gutters, and downspouts
  • adding or replacing floors and/or floor treatments
  • major landscape work and site improvements
  • enhancing accessibility for a disabled person
  • making energy conservation improvements

These are not easy deals to put together and I highly recommend utilizing an experience and informed team. If you have the money to put down, you may want to consider a conventional loan. At one point in the United States, conventional loans were the only mortgage loans available and they were all issued by local lenders such as banks, savings and loans, and credit unions. These private lenders kept and serviced these loans in their own portfolio until they were either paid in full or foreclosed on – kind of like the movie, It’s a Wonderful Life. A conventional mortgage is a loan that is not guaranteed or insured by any government agency.  It is typically fixed in its terms and rate.

An advantage to selecting an FHA over Conventional is that easier credit standards can be met to obtain financing. Typically, FHA requires a low down payment amount, lower credit scores are allowed, less elapsed time is needed for major credit problems (foreclosures and bankruptcies) and, if needed, you can use a non-occupant co-borrower (who is a relative) to help qualify for the loan using blended ratios. Blended ratios are debt-to-income ratios that equally blend the borrower’s and non-occupant co-borrower’s income and monthly payments to qualify for the loan. I am writing next week about Kiddie Condo Loans through the FHA. 

Conventional mortgages are typically a 30-year fixed rate loan.  That means the loan has a fixed interest rate for the 30 year term of the mortgage.  Conventional mortgages also typically require at least a 20% down payment.  For example, if a house costs $200,000, the lender will loan up to 80% of the appraised value.  So, $160,000 is financed, and the borrower pays $40,000 cash.

The major advantages to conventional loans is that you have more autonomy toward the property you want to purchase and your payments will be lower if you put more down. The most obvious advantage is that the Private Mortgage Insurance charged to conventional loans over 80% of the appraised value will be dropped from your payment as soon as your principal is paid down to 78% or less of the appraised value of the loan. FHA Mortgage Insurance is consistent and does not ever adjust from your payment.

There are too many conventional loan programs to go into here, but call me to help you shop and find the right mortgage lender or ask around to your friends and family and find the person/ institution you trust. Please give me a call to talk a little about what I know about these programs, your choices in lenders, and in properties available that fall into each of these categories. Remember that I am your friend and expert in real estate, and I love referrals too! Feel free to share my newsletter with your friends and family.  Call me any time – 512-507-1498 or email me at mistimeyers@yahoo.com

http://portal.hud.gov/hudportal/HUD?src=/buying/loans
http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/203k/203k–df
http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh
http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/ins/sfh203b
http://www.mortgage101.com/article/fha-kiddie-condo-loans-first-homes-young-adults

Credit Score 101

First of all, lenders want to make mortgages, but they also are required to minimize their own risk. This is typically done by using credit scores as a measure.

Credit scores are compiled separately by three consumer reporting agencies — EquifaxExperian, and Trans Union. These credit reporting bureaus calculate scores differently, and base their scores on information that may differ from other bureaus.

Equifax Beacon 5.0 Facta: scores range from 334 to 818.

Experian Fair Isaac V2: scores range from 320 to 844.

Trans Union FICO Risk score Classic 04: scores range from 309 to 839.

A credit score is a unit of measure in the form of a number that reflects the information in the credit report, timely payment of bills, how much is owed, payoffs, and derogatory information such as liens. It also includes inquiries into accounts from lenders, landlords, and employers.

So, when you apply for a home loan, your application includes giving your lender permission to “pull your credit” and base the decision to lend to you and the rate of interest on the information contained in your credit scores. The higher the score, typically the better terms you’ll receive from the lender.

Once credit scores are reviewed by the mortgage lender, a computer-generated report of the findings is mailed, but it most likely will not include a copy of the ntire credit report. It should include key factors that adversely affected scores. Some examples might include:

  • Too many inquiries in the last 12 months
  • Time since most recent account opening is too short
  • Proportion of loan balances to loan amounts is too high
  • Too many accounts with balances
  • Amount owed on revolving accounts is too high

What can you do if you’re declined for the loan, or your lender wants to charge higher interest than you were expecting? Talk to your lender and ask for help repairing or correcting your scores. For example, you may have innocently done something that resulted in a negative score, such as closing a line of credit. Or, you may not have realized that a late payment would bring your score down as much as it has. The lender should tell you what you need to do.

Under federal law, individuals have the right to obtain a free credit report from each of the national consumer credit reporting agencies once a year. There are several sites to facility this including AnnualCreditReport.com or FreeCreditReport.com.

If there is a discrepancy or an account that shows the wrong balance, simply show work through the lender and produce things like a canceled check, release of lien or other proof that the credit report is wrong. This will need to occur with each of the three main reporting agencies.

While there is no real hard rule on exactly what scores will be approved, there are some formulas and algorithms that are industry standard. Typically speaking, 680 and above are best credit scores to work with. If you are willing to do the work and pay a little extra, you can probably get through on a 580, but that is not set in stone.  FHA approval starts at about  600, depending on the program, some say 580, but to be a sure bet on getting approved at a desirable rate, you will need a 620 or higher typically speaking.  Again, talk to your lender as these are just benchmarks and no guarantees as I am NOT a lender but a licensed Realtor.

Call me for a referral if you need a good mortgage lender, and do what he/she tells you to do to get the best rate, including paying more than the minimums, paying on time, and making sure that your debt to income is well within your ability to repay all your loans. Getting prequalified is the first step in this crazy and competitive market! This is a first step even if you need to sell a home then buy another one. It is imperative to have your ducks in a row when making an offer. I am very creative in this seller’s market both in helping buyers with solutions outside of the box as well as strategic planning and marketing for both buyers and sellers. I hope to hear from you! 512-507-1498…

Hottest Housing Markets for Early 2016

The overall national housing market in January mimicked the traditional seasonal trend of fewer homes on the market and slower sales, however the market is projected to increase into a possible record-breaking Spring season. According to Realtor.com, initial results from January documents positive growth at statistically significant higher numbers than January 2015. This should result in the positive growth in the residential real estate market in 2016, which is the prediction by almost all experts in the field.

Realtor.com noted in their report that the median days in inventory is now 100 days, which calculates to 6% longer to sell in January than in December, 4% faster than January 2015.

Here are the 20 hottest housing markets in January 2016, according to Realtor.com:

  1. San Francisco, California
  2. San Jose, California
  3. Dallas, Texas
  4. Vallejo, California
  5. San Diego, California
  6. Sacramento, California
  7. Nashville, Tennessee
  8. Stockton, California
  9. Denver, Colorado
  10. Los Angeles, California
  11. Santa Rosa, California
  12. Oxnard, California
  13. Palm Bay, Florida
  14. Yuba City, California
  15. Modesto, California
  16. Detroit, Michigan
  17. Midland, Texas
  18. Santa Cruz, California
  19. Tampa, Florida
  20. Fort Wayne, Indiana

And here’s Zillow’s top 10 of the hottest housing markets in 2016.

  1. Denver, Colorado
  2. Seattle, Washington
  3. Dallas-Fort Worth, Texas
  4. Richmond, Virginia
  5. Boise, Idaho
  6. Ogden, Utah
  7. Salt Lake City, Utah
  8. Omaha, Nebraska
  9. Sacramento, California
  10. Portland, Oregon

 

Austin vs DFW

I work in two great real estate markets. I get asked all the time what are the differences. They are apples and oranges in my opinion. Here is the best breakdown I can give you. I did some of my Misti calculations according to the MLS numbers I have access to, and the following is what I see for sellers and buyers. I started with what a regular person who is approved for an FHA no down payment bond programs of about $130,000. Now, let’s go find a house.

There are 4722 properties available in the DFW market on the MLS at 1:30 this afternoon under $130,000. Here is what I can sell you in Arlington for $130,000 in the DFW market. Or take a look at my listing in Plano.

5611 Sarasota Drive, Arlington , TX 76017

SqFt: -1564

Beds:-3

Bath:-2

$83.12/ sq ft.

MUST SEE!! BEAUTIFUL, WELL-MAINTAINED HOME IN QUIET NEIGHBORHOOD. HIGHLY SOUGHT AFTER ARLINGTON SCHOOLS–MARTIN, MOORE, AND BOLES. LAMINATE FLOORING AND TILE THROUGHOUT–NO CARPET. UPDATED FIXTURES IN BOTH BATHROOMS. ROOMY KITCHEN WITH BREAKFAST BAR. COZY DINING ROOM THAT LOOKS OUT OVER THE BACKYARD. LARGE FAMILY ROOM WITH BUILT-IN LIGHTED BOOKSHELF. FULLY FENCED LARGE PRIVATE BACKYARD WITH PLENTY OF ROOM FOR THE KIDS OR GRAND-KIDS TO PLAY. This will go FHA financing.

DFW home

Now, if you are a buyer in Austin, we have 226 properties available in the ATX market on the MLS at 1:30 this afternoon under $130,000. In areas surrounding Austin, this is what you can get. There is nothing in the city that is in this price range. There was one home that would go FHA in Georgetown, so I just selected the best one I see on the market.

6002 Turnstone CT

SqFt: 880

Beds:  3

Bath:  1

$136.6 0/ sq ft.

ABSOLUTELY NO CLOSING BEFORE AUGUST 1, 2015 – Amazing opportunity-fixer upper sold “AS-IS “with all faults” – NO DEDUCTIONS OR REPAIRS! — 3/1 w/converted garage. Price reflects the need for a complete makeover. Great margin for the investor, rehabber, flipper, owner occupant willing to take on a project. This will not qualify for FHA financing.

ATX Home

The following numbers are my research findings from the Austin Board of Realtors MLS and from the Metrotex Board of Realtors MLS at about 1:30 this afternoon (7/10/15).

  • There are approximately 29,000 listings in the DFW MLS residential market at the current time.
  • There are approximately 11,000 listings in the ATX MLS residential market at the current time.
  • 4,722 properties available in the DFW market on the MLS at 1:30 this afternoon under $130,000.
  • 226 properties available in the ATX market on the MLS at 1:30 this afternoon under $130,000.
  • There are 954 homes between $400,000 – $500,000 in ATX at the same time.
  • There are 2,397 homes between $400,000 -$500,000 in the DFW at the same time.
  • There are 1,591 homes between $500,000 and $1,000,000 in the DFW at the same time.
  • There are 3,777 homes between $500,000 and $1,000,000 in the ATX at the same time.
  • There are 1,461 homes between $1,000,000 and $5,000,000 in the DFW area at the same time.
  • There are 674 homes between $1,000,000 and $5,000,00 in the ATX area at the same time.
  • There is one home in the ATX MLS for more than $20,000,000.
  • There are four homes in the DFW MLS for more than $20,000,000.

ATX chart DFW chart

 

 

…your expert and friend in real estate!