Texas Realtors
Recent News About Texas Realtors
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Texas home prices stable overall; metro areas show mixed trends
Median home sales prices in Texas showed varied trends across different metro areas during the third quarter of 2024, as reported by Texas REALTORS®. The statewide median price remained steady at $340,000 compared to the same period last year. However, there were notable changes in specific regions. Increases were observed in 17 metro areas, while nine saw declines.
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Texas Realtors report shows stability in median home prices while most areas see increases
Texas Realtors has released its 2024 Q3 Texas Quarterly Housing Report, indicating that while median home prices in the state have remained stable, most metropolitan areas have experienced increases.
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Texas sees significant drop in international homebuying activity
The number of residential properties sold in Texas to foreign buyers has declined by about 30%, according to the 2024 Texas REALTORS® International Residential Transactions report. Approximately 6,900 buyers from other countries purchased Texas residential properties from April 2023 to March 2024, down from 9,900 transactions in the same period the previous year.
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Texas housing market sees increased availability amid rising interest rates
Active listings of Texas homes for sale reached 125,398 in the second quarter of this year, marking an increase of nearly 41% compared to the same period last year, according to the Texas Quarterly Housing Report released today by Texas REALTORS®. The statewide median price rose slightly by 0.6% to $345,000 compared to Q2 2023, while the number of homes sold decreased by 3% to 93,417.
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Texas Home Sales Remain Steady in the First Quarter of 2024
The number of Texas homes sold in the first quarter of 2024 remained consistent with the previous year, as reported in the Texas Quarterly Housing Report by Texas REALTORS®. According to Jef Conn, chairman of Texas REALTORS®, "market conditions vary by location, and about forty percent of Texas metro areas actually saw an increase in sales compared to the first quarter last year."
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California to Texas: The Top State-to-State Move in the U.S.
Approximately 102,000 Californians moved to Texas, more than any other state-to-state relocation in the U.S. in 2022, according to data from the U.S. Census recently analyzed by Texas REALTORS® in its 2024 Relocation Report.
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Texan Homebuyers Express Satisfaction with Real Estate Process
Texan homebuyers and sellers have shown continued confidence in the real estate process, with a high level of satisfaction reported in the 2024 Texas Homebuyers and Sellers Report from Texas REALTORS®. The report indicates that despite rising mortgage rates and home prices, individuals in Texas view their home purchases as good long-term investments.The report reveals that 31% of all buyers were first-time buyers, reflecting a 7-point increase from the previous year. Additionally, 60% of buyers identified finding the right home as the most challenging step in the process,...
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Texas Home Sales Dipped in 2023; Median Prices Were Mixed
Texas REALTORS® released their 2023 Texas Real Estate Year in Reviewreport, noting a nearly 11% decline in home sales in Texas last year. Jef Conn commented on the impact of higher mortgage rates on the market, stating, “While higher mortgage rates kept some buyers on the sidelines last year, that has led to a lot of pent-up demand.” He also mentioned that sales have started to pick up early in the year, indicating an active market for the upcoming spring.In terms of median prices, the report highlighted mixed trends in 2023. Median prices in...