Republic Title, Author at Republic Title

May Class Calendar

Republic Title is pleased to offer a variety of continuing education classes for our customers. Join us in May for classes including:

Instagram Reels for Real Estate Agents
If you’re looking to connect with more buyers and sellers while growing your brand, then Instagram Reels could be for you. Reels is a powerful way to cast a larger net to grow your followers and to showcase your listings to a wider audience. In this course you will learn the quick and easy steps to create a reel and given examples of content ideas so you can get started today.
May 3rd
11:30 am – 1:00 pm – Lunch will be served from 11:30-12, provided by Chase Crenshaw, Alliance Bank. The 1 hour CE portion of class will begin promptly at Noon.
Republic Title North Coit

FREE Tools to Supercharge Your Marketing
Check out our curated list of the real estate marketing resources you can start using today to supercharge all your marketing efforts, without emptying your bank account.
May 4th
10:00 am – 11:00 am
Zoom

Limited and Lies – Overcoming Beliefs That Hold You Back
Real Estate Professionals know how to do their job and grow their business. All of them struggle to overcome the limiting beliefs and lies that hold them back from success. This course will help agents pinpoint their biggest limiting belief, understand how they were programmed into their minds and then learn three techniques to counteract or re-program those thoughts.
May 9th
10:00 am – 12:00 pm
Zoom

The Prospecting Game
If we are not prospecting we are dying and having a traceable, systematic approach to it will help organize and elevate your business. In this class, Shaun Neidigh, VP/Business Development will discuss an 8-week, step by step program and best practices that will surely elevate you to new heights in your business.
May 10th
10:00 am – 11:00 am
Republic Title Preston Legacy

Maximize Productivity with ChatGPT A Real Estate Agents Guide
Teaching real estate agents to use ChatGPT can improve their overall effectiveness and efficiency in serving clients. Come to this class to learn the many ways ChatGPT can help you create better listing descriptions, social media posts, scripts for videos & blogs, ad copy and so much more.
May 10th
10:00 am – 12:00 pm
Caddo Office Reimagined Lakewood

Build a Better CMA Using Cloud CMA
If you don’t stand out, you don’t stand a chance! Cloud CMA helps you build a better Comparative Market Analysis report that includes interactive presentations that win more listings, provides a lasting impression and builds trust. Join us in this class to learn how to search for comparables in Matrix, review the Buyer Tour/Property/Flyer Tabs, explore the Automatic Reports features, and more.
May 16th
10:00 am – 11:00 am
Zoom

Instagram Reels for Real Estate Agents
If you’re looking to connect with more buyers and sellers while growing your brand, then Instagram Reels could be for you. Reels is a powerful way to cast a larger net to grow your followers and to showcase your listings to a wider audience. In this course you will learn the quick and easy steps to create a reel and given examples of content ideas so you can get started today.
May 17th
10:00 am – 11:00 am
Republic Title Southlake

Top Ten Contract Addenda
Join us to review 10 of the most commonly utilized TREC contract addenda including Third Party Financing Addendum, Addendum for Backup Contract and more. APPROVED TREC CONTRACT COURSE
May 18th
10:00 am – 11:00 am
Zoom

Is This Homestead & Why Do Title Companies Care?
Homestead rights can be very confusing! This class will help licensees understand how the State of Texas views homesteads and what factors influence the title company’s underwriting decisions.
May 23rd
10:00 am – 11:00 am
Zoom

Texas Housing Insight February 2023 Summary

February’s housing market shows 2023 has returned to normal seasonal trends, something not experienced since 2019. Housing sales are back on trend with increases for the month, as are construction starts and permits. Rebounding to pre-pandemic levels means sales and construction activity are still decreased compared with the previous two years. This is likely due to inflated mortgage rates and high inflation. Days on market (DOM) increased across all major metros as inventory rose because of deflated demand. All of these factors point to a cooling housing market and a return to form.

Supply^* Rises as Inventory Gains Ground

Single-family construction permits reversed their course for February, gaining significant ground with a 17 percent increase month over month (MOM). All four major metros contributed to the statewide rise, as they all had positive gains for February. Houston led the way with a 33 percent increase over last month (3,793 permits), while Austin lagged the rest with a 0.7 percent gain (1,160 permits).

Construction generally hits a seasonal low in December, and peaks in March or June. Single-family construction starts are following this trend with a seasonally adjusted MOM increase of almost 2 percent. December’s low point reached levels not seen since 2015, due in large part to the drastic increase in mortgage rates. March starts, around 9,200 according to Dodge Data & Analytics, pale in comparison to the previous two March levels, which were record-breaking peaks at the time.

The state’s total single-family starts value reached $4.3 billion in February, down from $7.5 billion in February 2022. Houston and Dallas-Fort Worth (DFW) are responsible for more than half of that. Houston continues to account for the largest portion of Texas’ construction values with 29 percent of the market share. DFW accounts for 25 percent. Austin and San Antonio remained on par with previous years’ market percentage shares.

February’s active listings continued their upward trend since March 2022 after having slowed in the past two months, when the metric fell to 91,000 units after seasonal adjustment. Although, these levels are still lower than pre-pandemic listing levels. Additionally, despite the small dip last month, months of inventory (MOI) returned to an upward trend as inventory levels reached three months. Austin’s MOI fell to just below three months. Dallas followed a similar trend, with MOI dropping to 2.2 months. Meanwhile, Houston and San Antonio bolstered the state with increases, raising the overall months of inventory.

Demand Increases as Sales and Prices Jump

Housing demand started the new year with an upward trend, as sales volume expanded for two consecutive months. Total home sales had a strong boost of 7.8 percent MOM, doubling last month’s 3.7 percent growth. Sales gained more than 2,000 transactions in a month, marching upward to a seasonally adjusted rate of 29,728 closings. Austin and Houston, the two metros that had their great rebound in January, stayed flat this month (Table 1). Meanwhile, Dallas and San Antonio spiked up. Dallas’ 17.1 percent growth brought more than 1,200 additional homes under contract in February.

Sales across all price cohorts continued to follow their normal seasonal cycle with sales increasing through all price cohorts. Homes in the $300K-$400K range remain at the epicenter of the market, making up 28 percent of Texas sales. This constitutes a 2 percent increase in market share for this price cohort over February 2022. DFW increased its market share by a similar 2 percent this month in the same cohort, as the other metros stayed on course with YOY market shares. Despite sales activity picking up, Texas’ average DOM steadily advanced four days in 2023 to 56 days. Compared with the five-year average of 59 days before 2020, the housing market is fast approaching historic norms. Austin posted a ten-year record of 71 days this month, the longest market time since 2013. This is a major swing from the intense market conditions from just a year ago.

Austin homes’ time on market uniformly lengthened across all price cohorts, while other metros had mixed trends. Among the homes valued above $400K, Austin’s DOM ranged from 57 to 69 days, at least ten days longer than the corresponding cohort in the DFW market. Houston homes in the $750K and above price cohort were in a hot market, staying on market only one day longer than homes below $200K.

Prices Flatten as Rates Remain High

Texas’ median home price mostly stayed flat from the previous month, and only 0.6 percent higher than a year ago (Table 2). However, home prices did fall in Austin with 4.6 percent MOM and 12.2 percent YOY decreases. Dallas and San Antonio still saw low-single-digit price growth from a year ago.

The ten-year U.S. Treasury bond yield reversed the dwindling trend and marched upward 22 basis points to 3.8 percent. The Federal Home Loan Mortgage Corporation’s 30-year fixed-rate saw the fourth consecutive moderation since November, falling to 6.3 percent.

High mortgage rates have discouraged many homebuyers, driving demand down over the past year. The Texas Repeat Sales Home Price Index accounts for compositional price effects and provides a better measure of changes in single-family home values. Texas’ index gained 3.1 percent MOM. Austin stood out with an 8 percent YOY decrease. The other four metros had minor single-digit YOY increases, indicating possible price normalization.

_________________

^* All measurements are calculated using seasonally adjusted data, and percentage changes are calculated month over month, unless stated otherwise.

Source – Joshua Roberson, Weiling Yan, and John Shaunfield (April 19, 2023)

https://www.recenter.tamu.edu/articles/technical-report/Texas-Housing-Insight

March 2023 DFW Area Real Estate Stats

March 2023 stats are in and we have the numbers! The North Dallas real estate market is seeing some interesting trends! Active listings in Collin, Denton, and Rockwall counties are up over 50% from last year, while the price per square foot has fallen across all counties. This means there are more options available for homebuyers looking to make a move in 2023. Interestingly enough, the list prices have fallen ever so slightly in all counties except Rockwall. Does this signal a shift to a more buyer-friendly market? Inventory will be the deciding factor, so stay tuned for stats this summer to see!

Our stats infographics include a year over year comparison and area highlights for single family homes broken down by county. We encourage you to share these infographics and video with your sphere.

For more stats information, pdfs and graphics of our stats including detailed information by county, visit the Resources section on our website at DFW Area Real Estate Statistics | Republic Title of Texas.

For the full report from the Texas A&M Real Estate Research Center, click here. For NTREIS County reports click here.

Republic Title Classic

Republic Title recently hosted its second annual golf tournament, The Republic Title Classic, which was a huge success! The event took place on April 3rd at Bent Tree Country Club in Dallas and was attended by dozens of enthusiastic golfers.

The day started off with a delicious breakfast, which was followed by a shotgun start. Participants were grouped into teams of four and played a round of golf on the beautiful Bent Tree Course. The tournament used a scramble format, which allowed players of all skill levels to compete and enjoy the game.

After the round, players enjoyed a reception at the country club while the scores were tallied. The top teams were recognized with prizes and awards, but more than that it was about spending the day with our amazing customers, industry colleagues and sponsors.

The event was not only a fun day on the golf course, but it was also an opportunity for Republic Title to bring people together and strengthen relationships within the community. We even had a hole-in-one from one of the tournament players! A special thank you to our fantastic sponsors, Black Tie Moving, Gordan Highlander, First United Mortgage, CBG Surveying and Sport City Toyota. Thank you for your partnership!

Republic Title’s golf tournament was a great success, and everyone who participated had a wonderful time. It was a great way to enjoy a beautiful day on the golf course and connect with others in the community. We can’t wait to see what Republic Title has in store for next year’s tournament!

To view the photos from the event, visit the Facebook album here: Republic Title Classic Photos

National Pet Day

If you’re a dog owner in the Dallas area, you’re in luck! The city is home to many fantastic dog parks where you and your furry friend can enjoy some fresh air, exercise, and socialization. Whether you’re looking for a spot to play fetch, run around, or simply relax, there’s a dog park in DFW that’s perfect for you. In this blog post, we’ll be listing out all the dog parks in the Dallas area, so you can find the one that’s closest to you or try out a new location. So grab your leash and let’s get started!

ALLEN

Mutts Canine Cantina
1070 Watters Creek Blvd., Allen, TX 75013

ARLINGTON

Rush Creek Dog Park
1900 Valleywood Dr., Arlington, TX 76013

Tails N Trails Dog Park
950 SE Green Oaks Blvd., Arlington, TX 76018

BEDFORD

Bedford Bark Park Dog Park
3200 Meadow Park Dr., Bedford, TX 76021

COPPELL

Waggin Tails Park (Formerly Coppell Dog Park)
400 S MacArthur Blvd., Coppell, TX 75019

DALLAS

Barry Annino Dog Park (Formerly Bark Park Central)
2530 Commerce St., Dallas, TX 75226

Central Dog Park
4711 Westside Dr., Dallas, TX 75209

Meadows Foundation Dog Park
1100 Skiles St., Dallas, TX 75204

My Best Friend’s Dog Park – Klyde Warren Park
2012 Woodall Rodgers Fwy., Dallas, TX 75201

Main Street Garden Urban Dog Run
1900 Main St., Dallas, TX 75201

NorthBark
4899 Gramercy Oaks Dr., Dallas, TX 75287

Wagging Tail
5841 Keller Springs Rd., Dallas, TX 75248

White Rock Lake Dog Park
8000 E. Mockingbird Ln., Dallas, TX 75218

DENTON

Wiggly Field Dog Park
1760 E. Ryan Rd., Denton, TX 76210

FLOWER MOUND

Lakeside Dog Park at Heritage Park
41047281, Flower Mound, TX 75022

Hound Mound Dog Park
1202 S. Garden Ridge Blvd., Flower Mound, TX 75028

FRISCO

Ruff Range Dog Park
5335 4^th Army Memorial Rd., Frisco, TX 75034

FORT WORTH

Fort Woof Dog Park
751 Beach St., Fort Worth, TX 76111

Z Boaz Dog Park
6950 Camp Bowie W Blvd., Fort Worth, TX 76116

GRAND PRAIRIE

Central Bark Dog Park at Veterans Park
7445, 2222 W Warrior Trail, Grand Prairie, TX 75052

IRVING

Irving Dog Park
4140 Valley View Ln, Irving, TX 75038

LEWISVILLE

Railroad Park
4140 Valley View Ln, Irving, TX 75038

MCKINNEY

Bonnie Wenk Dog Park
2996 Virginia Pkwy, McKinney, TX 75071

PLANO

Jack Carter Dog Park
2215 Pleasant Valley Dr, Plano, TX 75023

RICHARDSON

Bush Central Barkway
3581 N Central Expy, Richardson, TX 75023

ROCKWALL

Harry Myers Dog Park
815 E Washington St, Rockwall, TX 75087

SOUTHLAKE

BooBoo’s Buddies Dog Park at Bob Jones Park
3901 N White Chapel Blvd, Southlake, TX 76092

For this and other helpful DFW area information, please visit our Resource Section.

**Print Version

DFW Area Golf Courses

The weather is perfect to hit the golf course. Here is a list of DFW Area Golf Courses that we have put together.

Bear Creek Golf Club
3500 Bear Creek Ct., DFW Airport
Bearcreek-golf.com

Bent Tree Country Club
5201 Westgrove Dr., Dallas
Benttreecc.org

Bridlewood Golf Club
4000 W. Windsor Blvd., Flower Mound
Bridlewoodgolf.com

Brookhaven Country Club
3333 Golfing Green Dr., Farmers Branch
Clubcorp.com/clubs/brookhaven-country-club.com

Brook Hollow Golf Club
8301 Harry Hines Blvd., Dallas
Brookhollowgc.org

Buffalo Creek Golf Club
624 Country Club Dr., Rockwall
buffalocreekgc.com

Canyon Creek Country Club
625 W. Lookout Dr., Richardson
Canyoncreekclub.com

Cedar Crest Golf Course
1800 Southerland, Dallas
Golfcedarcrest.com

Cottonwood Valley
4150 N MacArthur Blvd, Irving
cottonwoodvalley.com

Cowboys Golf Club
1600 Fairway Dr., Grapevine
Cowboysgolfclub.com

Coyote Ridge
1640 West Hebron Pkwy., Carrollton
Coyoteridgegolfclub.com

Dallas Country Club
4155 Mockingbird Ln., Dallas
Thedallascc.org

Dallas Firewheel Golf Park
600 W Campbell Rd., Garland
Golffirewheel.com

Dallas National Golf Club
1515 Knoxville, Dallas
Dallasnationalgolfclub.com

El Dorado Country Club
2604 Country Club Dr., McKinney
Eldoradocc.com

Frisco Lakes Golf Club
7170 Anthem Dr., Frisco
Friscolakesgc.com

Gentle Creek Country Club
3131 Prosper Tr., Prosper
Gentlecreek.com

Gleneagles Country Club
5401 W. Park Blvd., Plano
clubcorp.com/Clubs/Gleneagles-country-club.com

Grapevine Golf Course
3800 Fairway Dr., Grapevine
grapevinegc.com

Golf Club of Dallas
2200 W. Red Bird Ln., Dallas
Golfclubdallas.com

hackberry creek country club
1901 W Royal Ln, Irving
clubcorp.com/clubs/hackberry-creek-country-club

Heritage Ranch Country Club
465 Scenic Ranch Cir., Fairview
Heritageranchgolf.com

Indian Creek Golf Club
1650 W. Frankford Rd., Carrollton
Indiancreekgolfclub.com

Irving Golf Club
2000 East Shady Grove Rd., Irving
Irvinggolfcourse.org

Keeton Park Golf Course
2323 Jim Miller Rd., Dallas
Keetonpark.com

Lake Park Golf Course
6 Lake Park Rd., Lewisville
Lakeparkgc.com

Lakewood Country Club
6430 Gaston Ave., Dallas
Lakewoodcc.com

Las Colinas Country Club
4400 N. O’Connor Rd., Las Colinas
clubcorp.com/Clubs/las-colinas -country-club.com

Luna Vista
11223 Luna Rd., Dallas
twincreeksgolf.com

Mansfield National
3750 National Pkwy., Mansfield
mansfield-national.com

Maridoe Golf Club
2020 Kelly Blvd., Carrollton
Maridoe.com

Meadowbrook Golf Course1
851 Jenson Rd., Ft. Worth
Fortworthgolf.com

Northwood Country Club
6524 Alpha Rd., Dallas
Northwoodclub.org

Oak Hollow Golf Course
3005 N. McDonald St., McKinney
Oakhollowgc.com

Print version

April Class Calendar

Republic Title is pleased to offer a variety of continuing education classes for our customers. Join us in April for classes including:

The Intersection of Divorce, Real Property & Mortgage Planning
This class is designed to provide real estate professionals with an understanding of how a divorce involving real estate, spousal support, child support, etc. can affect a real estate closing transaction. We will cover the elements of a divorce and provide a better understanding of successfully working with divorcing clients.
April 5th
11:30 am – 1:00 pm
Republic Title North Coit

Backup, Contingent & Multiple Offers
This class will prepare licensees to handle the unique aspects of backup, contingent and multiple offer transactions by reviewing pertinent TREC addenda along with critical dates and deadlines.
April 6th
10:00 am – 11:00 am
Zoom

Social Media Content Planning 101
All good social media begins with a plan. Join us to learn how effective content planning and execution will keep you top of mind with your sphere and help you win more business. In this class, you will learn tips for social media content planning, where to find great content resources, and planning tools to help you organize your social media content calendar.
April 6th
11:00 am – 12:00 pm
Caddo Office Reimagine Lakewood

Hit the Road with the MLS-Touch App
Deals are made on the road. MLS Touch is the most advanced Mobile MLS app for agents! Come to this class to learn how to use this tool like a pro from the first time you log in. Seamless integration with Matrix, OneHome Portal, Realist Tax and more. Set up your own branded app to share with clients and on social media.
April 12th
11:00 am – 12:00 pm
Republic Title Park Cities

Maximize Productivity with ChatGPT A Real Estate Agents Guide
Teaching real estate agents to use ChatGPT can improve their overall effectiveness and efficiency in serving clients. Come to this class to learn the many ways ChatGPT can help you create better listing descriptions, social media posts, scripts for videos & blogs, ad copy and so much more.
April 18th
10:00 am – 11:00 am
Republic Title Uptown Conference Center

Survey Issues
Join us for this class intended to help licensees understand surveys and the applicable paragraphs in the TREC 1-4 Family Residential Contract and prepare them for any potential survey issues that may arise.
April 18th
2:00 pm – 3:00 pm
Republic Title Castle Hills

Maximize Productivity with ChatGPT A Real Estate Agents Guide
Teaching real estate agents to use ChatGPT can improve their overall effectiveness and efficiency in serving clients. Come to this class to learn the many ways ChatGPT can help you create better listing descriptions, social media posts, scripts for videos & blogs, ad copy and so much more.
April 19th
11:00 am – 12:00 pm
Republic Title Preston Frankford

Incredible Canva Tips and Tricks
Boost your listings and properties easily and efficiently using Canva’s beautiful real estate templates. Join us to learn new tips and tricks to make designing even easier and make marketing one of your new favorite tasks!
April 20th
10:00 am – 11:00 am
Zoom

Maximize Productivity with ChatGPT A Real Estate Agents Guide
Teaching real estate agents to use ChatGPT can improve their overall effectiveness and efficiency in serving clients. Come to this class to learn the many ways ChatGPT can help you create better listing descriptions, social media posts, scripts for videos & blogs, ad copy and so much more.
April 26th
9:30 am – 10:30 am
Republic Title Park Cities

Selling Out of an Estate
Join us to learn the requirements for selling real estate if title is held by an estate or there has been a death of a seller.
April 26th
10:00 am – 11:00 am
Zoom

HOA Issues

Republic Title’s Scott Rooker and Shaun Neidigh sat down recently to discuss all things HOA including HOA issues and the HOA Addendum in the TREC 1-4 family contract.

The 1-4 family TREC contract may have an Addendum for Property Subject to Mandatory Membership in a Property Owners Association, often referred to as the HOA Addendum. Section A shows who is going to pay for the Subdivision Information and when the information is due to be delivered by the Buyer to the Seller. This section may give an out, or right to terminate the contract to the Buyer. The Subdivision Information is defined as both a current copy of the restrictions for the subdivision and bylaws and rules of the Association, and a resale certificate.

Listen in as Republic Title’s Shaun Neidigh and Scott Rooker discuss:

– What are traps you may fall into regarding HOAs?

– How much time should you allow for delivery of HOA documents?

– How can I help protect buyers and sellers from surprises?

For more informative videos from the Republic Title Legal Team, check out our YouTube channel: Republic Title – YouTube

Texas Housing Insight January 2023 Summary

January home sales increased month over month (MOM), but it was the slowest start since January 2017, a far cry from January levels from both 2021 and 2022. Other housing metrics, such as median price and inventory, may be showing early signs of stabilizing with only minor changes in recent months compared with the major swings experienced during the pandemic.

Supply¹

Single-family construction permits had been sliding down in demand since March 2022. January 2023’s permit level fell 6.9 percent MOM to 8,897 permits. The other two months during the past three years that monthly permits dipped below 9,000 were during the initial pandemic shock in April and May 2020. Construction permits fell in all major metros except Austin. While housing demand in Houston (2,842 permits) was mostly flat, Dallas (2,249 permits) dropped more than 15 percent MOM. Austin’s monthly construction demand (1,082 permits) rebounded 10 percent, issuing twice as many permits as San Antonio (481 permits).

Texas single-family construction starts have likewise plummeted since March 2022 but started 2023 with a positive month in January with 9,090 units. Although construction starts rebounded in every major metro, the January metric was the lowest level reported in Texas since 2016, suggesting a meek outlook for the housing industry.

The state’s total single-family starts value diminished from $3.8 billion in January 2022 to $2.2 billion in 2023. Houston and Dallas continue to account for more than half of the states total, coming in at 27.5 percent and 26.1 percent, respectively. Further pressing the point home that housing activity is down from the previous year, Austin and San Antonio had their construction values nearly cut in half in the first month of 2023.

The rebound in active listings had been aggressive since March 2022. However, the acceleration slowed in the past two months as the metric fell flat at a seasonally adjusted rate of 91,000 units. Compared with the first half of 2022 when inventory was 50 percent short of pre-pandemic levels, housing inventory was only 4.5 percent short in January. Active listings in Austin have more than tripled from a year ago, reaching 8,500 units. Amid the recent flattening, months of inventory (MOI) dipped for the first time in the past eight months. The MOI for the four major metros ranged from 2.5 months to 3.4 months. While Dallas, Austin, and San Antonio all either hovered back or beyond pre-pandemic levels, Houston’s housing supplies still needed more homes to restock.

Demand

Total home sales inched up 3.4 percent MOM to a seasonally adjusted rate of 27,475 sales. This uptick marked the largest MOM jump since the second half of 2022. Sales in Austin and Houston rebounded greatly, with the former metro surpassing San Antonio’s sales volume and the latter surpassing Dallas’ (Table 1). While the housing market opened robustly in 2023, Texas’ sales still diminished by over 20 percent compared with last year’s January metric.

Sales grew across all price cohorts. While homes below $300K still make up 40 percent of the market, this sector’s sales volume rebounded least at 0.5 percent MOM. The remaining price cohorts ascended moderately at a low-single-digit growth, but homes above $750K grew at an impressive rate of 21.6 percent MOM, accounting for almost 9 percent of the market.

With sales activity picking up, the Texas’ average days on market (DOM) continued to climb but at a slower pace of 54 days. Compared with the five-year average of 59 days before 2020, this is still converging to historic norms; and it is tilting toward a weaker market that favors buyers. Quadrupling since March 2022, Austin posted a first dip in DOM—balancing at 61 days.

Across all price cohorts except one, DOM rose to a range of 50 to 58 days, a three-day average increase across all the cohorts. The $400K-$500K housing sector’s DOM declined by 5.8 days over the previous month. Meanwhile, homes priced over $750K had a 55 DOM, one day higher than the $300K-$400K cohort.

Compared with a surge to 69 percent in 3Q2020 during the pandemic frenzy, Texas’ homeownership rate had been cooling, hovering around 63.6 percent in 2022. At the metropolitan level, the Dallas-Fort Worth (DFW) area was lowest at 56 percent, while Houston was highest at 67 percent. Austin and San Antonio were at 65 and 60 percent, respectively.

Prices

Texas’ median home prices started off the new year with a strengthened housing market. The 2.1 percent MOM rebound was the largest monthly gain since April of last year. All metros posted positive price growth except for San Antonio (Table 2). Median price per square foot (PSF) corroborated with the trend, as San Antonio’s price PSF dropped 1.6 percent MOM to $168.8.

The ten-year U.S. Treasury bond yield continued its four-month decline, reaching 3.5 percent² in January 2023, while the two-year counterpart decreased to 4.2 percent. The spread between the ten- and two-year bond yields continued to widen for the seventh month straight. The negative spread indicated persistent market uncertainties, and the ten-year bond yield was still far below 2007’s peak of 5.1 percent. The Federal Home Loan Mortgage Corporation’s 30-year fixed-rate moderated slightly this month to 6.3 percent, down 0.1 percent from December.

Rapidly rising mortgage rates have continued to pester the housing market over the past year. The Texas Repeat Sales Home Price Index accounts for compositional price effects and provides a better measure of changes in single-family home values. The January metric was essentially the same as the month before. However, January’s index value of 220 was still 3.9 percent higher than the year before. The same trend also affected the major metros as growth rates shrank from double to single digits, except in Austin, which had a net loss in home values.

_________________

¹ All measurements are calculated using seasonally adjusted data, and percentage changes are calculated month over month, unless stated otherwise.

² Bond and mortgage interest rates are nonseasonally adjusted.

Source – Joshua Roberson, Weiling Yan, and John Shaunfield (March 20, 2023)

https://www.recenter.tamu.edu/articles/technical-report/Texas-Housing-Insight

Spring Festivals and Events in DFW

Spring is a wonderful time to explore the Dallas-Fort Worth area and experience some of the exciting festivals and events that take place during this season. From cultural celebrations to food festivals, there’s something for everyone to enjoy. Here are some of the top Spring festivals and events in DFW that you won’t want to miss.

The Dallas Arboretum’s Dallas Blooms Festival is a month-long celebration of Spring features over 500,000 blooming bulbs throughout the gardens, including tulips, daffodils, and hyacinths. Visitors can also enjoy live music, special exhibits, and food vendors on select weekends. It’s the perfect way to welcome in the new season and take in the beauty of nature.

Check out our full list of Spring festivals and events and get out there and have some fun!

Dallas Arboretum’s Dallas Blooms Festival | Dallas | February 25^th – April 16^th

Fort Worth Food & Wine Festival | Fort Worth | March 30^th – April 2^nd

Dallas Arts Month | Dallas | month of April

Dallas Reggae Festival | Addison | April 7^th -9^th

Scarborough Renaissance Festival | Waxahachie | April 8th – May 29^th

Ennis Bluebonnet Trails Festival | Ennis | April 14th-16^th

Arts in Bloom Festival | McKinney | April 14^th -16^th

Grand Prairie Main Street Fest | Grand Prairie | April 21

Earthx | Dallas | April 21^st – 23rd

Main Street Art Festival | Fort Worth | April 20th – 23^rd

Spring Japanese Festival | Fort Worth | April 22-23

Art In The Square | Southlake | April 28^th – 30^th

Mayfest | Fort Worth | May 4^th – 7^th

Wildflower Arts & Musical Festival | Richardson | May 19th – 21^st

Rockwall Founders Day Festival | Rockwall | May 20^th

Taste of Addison | Addison | June 2^nd – 3^rd

Supply* Rises as Inventory Gains Ground