Home Sales Rebound in April in North Texas

Home Sales Rebound in April in North Texas

EstateSales.NET provides detailed descriptions, pictures, and directions to local estate sales, tag sales, and auctions in the Dallas / Fort Worth / Arlington area as well as the entire state of TX.

Pending contract activity in the City of Denton slid about 7 percent in April. For better or worse, North Texas home sales likely peaked out a bit earlier than normal this year due to the Federal Reserve jawboning the markets higher and capitulating on policy.

Last year, pending sales plunged in most of the country from April to May following the expiration of the federal home buyer tax credit. From last May’s depressed level, however, the vast bulk of associations/etc. have reported sizable gains in pending sales – sufficient to suggest a strong rebound in the pending home sales index from April.

North Texas home sales rebound in April after declines in the first quarter. More than 9,600 single-family homes were sold by local real estate agents – 5% more than in April 2018. The increase in area home purchases last months followed several months of weakening sales due to affordability issues and upticks in mortgage costs.

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Dallas-Fort Worth lagging behind other Texas metros in home sales price growth Jul 25, 2019, 7:09 am CDT US new home sales rise in June but prior months revised lower

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Home sales are struggling to rebound after slumping in the second half of last year, when a jump in mortgage rates to nearly 5% discouraged many would-be buyers. Spring buying is so far running behind last year’s healthy gains: Sales were 5.4% below where they were a year earlier.

Real Estate Pending home sales rebound after 17 months of consecutive declines The PHSI in West region increases a whopping 5.4% in June

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The gain comes after weak job growth in April and steep job losses in. such as auto and furniture sales. Texas’ May jobs gain ranked third nationally, after California and New York. North Dakota,

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