DALLAS (Dallas Morning News) – New home starts are up in North Texas despite a slowdown in sales, according to the latest data from housing analyst Residential Strategies.Builders started 5,786 homes during the third quarter, a 26 percent increase over the same period last year. Meanwhile, 5,019 new home sales were closed during the quarter — 14 percent more than a year ago.Although sales were at their highest level since 2008, they aren't rising as fast as they were earlier this year. They're also lagging behind existing home sales, which are up 20 percent this year.Ted Wilson of Residential Strategies attributed the slowdown in sales to higher mortgage costs and rising new home prices."Builders raised their prices aggressively in the spring market," he told the Dallas Morning News. "We've seen some markets where the price increases have been as high as 30 percent in the last 18 to 24 months."But because of the area's strong job market and projected population growth, and because mortgage rates are still below 5 percent, Wilson said things are still looking good for DFW's new home market."We still think all the fundamentals are in place," Wilson said. "We are creating over 100,000 net jobs a year, there is a lot of migration to Dallas-Fort Worth, and people have to live somewhere."
If I can personally help you with any of your DFW real estate needs, please visit my website at www.debbievrealestate.com My website is updated every night at midnight, so our listings are active. I'm happy to any answer questions and guide you along the entire process. I look forward to hearing from you soon!
Author:Debbie Viverito Phone: 972-836-9295 Dated: October 4th 2013 Views: 7,401 About Debbie: Debbie's knowledge of the Frisco and North Dallas area, homes and neighborhoods are just some of the...
View our latest blog posts in your RSS reader. Click here to access.
JP And Associates REALTORS (JPAR) is one of the top 100 independently owned brokerages in the US. A full service real estate brokerage firm specializing in real estate sales and marketing services with multiple offices across the US and expanding quickly. JPAR is also one of Real Trends top 500 Brokerages in the US for volume and sales and in the top 1% in the US for sales.
Our mission is to provide extraordinary services and exceed our clients’ expectations by always committing to the highest levels of professionalism, ethics and standards in the real estate industry.
JP and Associates REALTORS is a real estate company with a solid structure and foundation built around service and productivity. We believe in providing a fun and rewarding environment for all our REALTORS® and therefore always ready to support our REALTORs® Associates in any market and in any condition. All our REALTORs® will always strive to close more transactions in a given year than the average REALTOR®. Our goal is to recruit and retain the most professional, better trained REALTORs Associates in the local market.
If you are interested in a new career in real estate or already have a real estate license but wish to learn more about our company please contact us directly to set up an interview. We offer our agents a 100% commission plan, company leads, training and mentoring and coaching from TOP Producers with no office, desk fees or monthly marketing fees ever. We are a full service brokerage at a transaction fee cost.
At JP And Associates REALTORS we strive to exceed our Clients AND our Associates expectations.
The Cost of Waiting: Interest Rates EditionSome Highlights:Interest ra
"Christine was a true professional right from the beginning. I looked at using a lot of different real estate agents but Christine ended up being the first one to call me back. She was incredible prompt throughout the whole process and always called me back on time when I had questions. I wouldn't hesitate to recommend her to a friend or family. Thanks again, Christine!"