Thank you DFW Real Producers for spotlighting our Republic Title Frisco office in your recent publication. Thank you @Katie Wallace Studio for the amazing photos of our Frisco team and new office!
To read the full publication, visit North Dallas Real Producers – September 2023 by DFW Real Producers – Issuu
Congratulations to Vicki Summerall, Senior Vice President/Business Development, for being named the 2024 @CREW Network Foundation Board Chair.
Four commercial real estate leaders have been appointed to the 2024 CREW Network Foundation board of directors, which will be led by Vicki Summerall, Senior Vice President, Business Development, at Republic Title of Texas, Inc.
“CREW Network Foundation is impacting the commercial real estate industry by funding college scholarships, career outreach programs, and important industry research that advances women,” Summerall said. “It also directly impacts women by advancing careers and changing lives. The Foundation’s success and reach continues to grow year after year, and I am honored to guide our continued success in 2024.”
At Republic Title, Summerall’s key responsibilities include developing new and managing existing relationships with Commercial Legal clients as well as National Commercial Services offices nationwide. She also enjoys expanding Republic Title’s Commercial Real Estate Training and education courses including but not limited to MCE and CLE courses for brokers and real estate attorneys. She is a member of the CREW Dallas chapter, a CREW Visionary, and has served on the CREW Dallas and CREW Network global board of directors.
“CREW Network Foundation is the key to industry success through building a more diverse talent pipeline into commercial real estate,” said CREW Network CEO and Foundation President Wendy Mann. “For more than 25 years, in partnership with our leadership, chapters and donors, we have been the leader in bringing women into the industry and supporting and advancing them throughout their careers.”
Source: CREW Network
The largest property tax cut in Texas history was passed on November 7, 2023. Here are the key points of the bill and what you need to know.
APPRAISAL REVIEW BOARD IN COUNTIES WITH A POPULATION GREATER THAN 75,000
For more detailed information visit the following resources:
Texas’ Proposition 4 would cut property taxes for homeowners, businesses | The Texas Tribune
Property-Tax Relief – Texas REALTORS® (texasrealestate.com)
Answering Your Questions About The Biggest Property Tax Break in Texas History – CandysDirt.com
Republic Title is pleased to offer a variety of continuing education classes for our customers. Join us in November for classes including:
TREC Legal Update II
Legal Update II covers a host of topics that TREC has deemed critical for all licensees to be familiar with, including fiduciary and ethical duties of the agent, guidance on dealing with water and mineral rights, and important updates to tax laws and rules.
November 1st
9:30 am – 1:30 pm
Republic Title Uptown
DFW Stats and Trends at Your Fingertips
Successful agents know their local markets. Whether used in a casual meeting, a listing presentation or on social media, knowing how to produce market reports is essential. Join us to learn how to generate current and relevant monthly/annual stats using all the tools available to you through NTREIS.
November 1st
12:00 pm – 1:00 pm
Republic Title Frisco
Death, Divorce & Real Estate
Join us to learn important laws surrounding death and divorce such as separation, homestead issues, community property and probate.
November 2nd
10:00 am – 11:00 am
Republic Title Preston Legacy
Economic Update
Join Republic Title and Prime Lending for an Economic Forecast where we will discuss how mortgage rates are set and where they are going, how the Fed’s actions affect mortgage rates, the National/Texas/Dallas County Real Estate Market and Economic Trends.
Instructor: Dawn Robinson | SVP Lone Star Regional Manager
*No CE provided, for informational purposes only*
Breakfast will be provided
November 2nd
10:00 am – 11:00 am
Republic Title Park Cities
Escape Hatches for Buyers
In this class licensees will become familiar with specific conditions & contingencies within the contract and related addenda that, if not adhered to, could result in a Buyer’s valid termination of the contract.
November 2nd
12:00 pm – 1:00 pm
1129 Melrose, Richardson
New Forms Editor-zipForm®
The new forms editor in zipForm® introduces several intelligent and intuitive features, giving agents and brokers everything they need to prepare and send forms faster than ever. With a new and improved workspace, you can autofill forms, fill out multiple forms at once, mark up documents, add personalized clauses and quickly add signers and property information.
November 7th
10:00 am – 11:00 am
Zoom
Developing Your Referral Playbook
Developing a business based on referrals is not just important, but mandatory for a successful career in real estate. Shaun Neidigh, VP/Business Development walks you through a seven-part guide designed to ignite ideas and help you build a solid foundation of best practices and habits for generating business referrals.
November 7th
10:00 am – 11:00 am
Republic Title Prosper
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.
November 7th
12:00 pm – 1:00 pm
The Lakes at Castle Hills
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.
November 7th
2:00 pm – 3:00 pm
Republic Title Plano-Allen
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.
November 8th
10:00 am – 11:00 am
Republic Title Uptown
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.
November 8th
10:00 am – 11:00 am
Zoom
Digital Dealmaking Using zipForm®
Explore the extensive features of this platform, which allows real estate professionals to create digital transaction files accurately, input contract details, attach necessary documents, and smoothly manage electronic signatures from every stakeholder involved in a property transaction. All these functionalities pertain to Lone Wolf Transactions, zipForm Edition (formerly known as zipForm® Plus).
November 14th
10:00 am – 12:00 pm
Republic Title Preston Legacy
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.
November 14th
10:00 am – 11:00 am
Zoom
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.
November 15th
11:00 am – 12:00 pm
4521 Aubrey Pkwy, Aubrey
Elevate Your Marketing Magic Using RPR
Are you ready to transform your real estate marketing game and captivate your audience like never before? In this cutting-edge course, we reveal the true power of RPR®’s (REALTORS PROPERTY RESOURCE ®) marketing resources and AI-driven features that lie beneath the surface. Discover how to harness market trends and data insights to craft captivating social media videos and graphics that command attention.
November 16th
10:00 am – 12:00 pm
Zoom
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.
November 29th
12:00 pm – 1:00 pm
Republic Title Prosper (Lunch will be provided)
Whether you’re a lifelong resident or new to the area, there’s always something new to discover about your neighborhood. With that in mind, we created a Fast Facts sheet for cities and neighborhoods all over the DFW area. Our DFW Area fast facts have detailed real estate insights, things to do, places to shop and some of our favorite restaurants in each area.
Grapevine, Texas, is a charming city located in the Dallas-Fort Worth metropolitan area. Known as the “Christmas Capital of Texas,” Grapevine is famous for its festive holiday celebrations and beautifully preserved historic downtown. The city offers a unique blend of cultural attractions, including art galleries and museums, as well as a thriving wine industry with numerous wineries and tasting rooms. Visitors can also enjoy outdoor activities along Grapevine Lake and explore the Grapevine Vintage Railroad. With its rich history, vibrant community, and proximity to both Dallas and Fort Worth, Grapevine is a popular destination for tourists and a welcoming place to call home for residents.
Head to our website now to get all the details you need to stay up-to-date and in-the-know about your local neighborhood. Your community is waiting for you! republictitle.com/dfw-area-city-fast-facts
POPULATION
AVERAGE HOUSEHOLD INCOME
MEDIAN AGE
HOUSING
AVERAGE SALES PRICE
• GAYLORD TEXAN RESORT
• SEA LIFE GRAPEVINE AQUARIUM
• LEGOLAND DISCOVERY CENTER
• NASH FARM | HISTORIC LANDMARK
• GRAPEVINE VINTAGE RAILROAD
• VETRO ART GALLERY | GLASS BLOWING STUDIO
• CRUSH IT! | VIRTUAL SPORTS LOUNGE
• 9/11 FLIGHT CREW MEMORIAL
• BEAR CREEK GOLF COURSE
• COWBOYS GOLF CLUB
• CHICKEN & PICKLE | PICKLE BALL COURTS
• GRAPEVINE BOTANICAL GARDENS AT HERITAGE PARK
• AJ’S ON MAIN • AREPA TX • BACCHUS KITCHEN •
• BARTLEY’S BARB-CUE • BIG DADDY’S SHIP STORE •
• BONNIE & CLYDE’S HIDEOUT • BOTTLECAP ALLEY ICEHOUSE • CHELSEA PIZZA •
• CORKEY’S GAMING BISTRO • DAAN SUSHI • DINO’S STEAK & CLAW HOUSE •
• DOCK LOCAL • EDOHANA HIBACHI • FARINA’S WINERY •
• FERRARI’S ITALIAN CHOP HOUSE • FIREBAWKS HOT CHICKEN •
• FLIPS PATIO GRILL • GLASS CACTUS • HARVEST HALL & THIRD RAIL •
• JETT’S COFFEE BAR • KILWINS • THE LOOSE MOOSE COTTAGE •
• FMAC’S ON MAIN • MASON & DIXIE • TAP IN GRILL •
• PERSIMONS BAR & GRILL • PIAF KITCHEN • WINEWOOD GRILL •
• WILLHOITE’S • WEINBERGER’S DELI •
• STELLINI TRATTORIA • ZATAR MEDITERRANEAN •
• OOH LA LA • AMELIA’S • ANGEL’S ATTIC • BRIGAY’S UNIQUE GOODS •
• CADILLAC COWGIRL • GOOFY TURTLE • GRACEFUL BUYS •
• GRAPEVINE’S MARKET ON MAIN • HOLY GROUNDS •
• HOUSE OF MO • INSPIRED WINGS • JANIE & JACK • KISS IT GOODBYE •
• MISS A • PALM TREE • PALOMA • ROSES ON THE VINE •
• RUTHIE JANE’S • WILLOW COTTAGE •
• DOWNTOWN DALLAS | 45 MINUTES
• DALLAS LOVE FIELD AIRPORT | 35 MINUTES
• DFW INTERNATIONAL AIRPORT | 10 MINUTES
• AT&T STADIUM & GLOBE LIFE FIELD | 30 MINUTES
• DOWNTOWN FORT WORTH | 40 MINUTES
We are happy to announce that we have been named the #3 𝗕𝗘𝗦𝗧 𝗣𝗟𝗔𝗖𝗘 𝗧𝗢 𝗪𝗢𝗥𝗞 in the Large company category by the Dallas Business Journal!
This is the 10th year in a row that Republic Title has been named a Best Place to Work and this recognition wouldn’t be possible without our incredible employees who are the best in the business so a huge 𝗧𝗛𝗔𝗡𝗞 𝗬𝗢𝗨 to all of you! #DBJWorks
In September 2023, active listings varied across counties. Collin County witnessed a 10% decline, Denton County experienced a 10% decrease, while Dallas County and Tarrant County saw increases of almost 4% and 3.7% respectively. Rockwall County noted a 4.5% reduction in active listings.
Regarding closed price per square foot, Collin County saw an increase of 2.3%, Dallas County experienced a 3% rise, Denton County remained flat, and Rockwall County and Tarrant County witnessed decreases of 3.6% and 1.1% respectively. Average days on Market are still up across the board over 2022 with Rockwall County having the largest increase of 97% increase.
In this ever-evolving real estate landscape, understanding local market trends is essential. Whether you’re buying, selling, or investing, our team is here to provide expert guidance tailored to your needs.
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.
August was a positive month for Texas’ residential real estate industry. Despite persistently high interest rates, total home sales picked up 9.5 percent on the consumer side, and construction permits accelerated by 5.3 percent on the supplier side. Amid the growth, the median price slipped for the first time after seven consecutive upticks. While the price drop seemed noteworthy, it was moderate at $800 and may reflect a balanced market. With many sellers stuck with pandemic-era low rates and many buyers struggling to keep up with rising costs, the housing market does not signal any significant volatility anytime soon.
Amid a slowdown in the real estate industry, Texas’ total home sales improved from last month’s three-year low after reaching over 27,000 transactions in August. The sales activity picked up at an impressive rate of 9.5 percent month-over-month (MOM), albeit the activity level was still 8 percent lower than last year’s reading. Sales ticked up uniformly this month in all four major metros, growing between 0.8 percent to 9.7 percent (Table 1).
Reduced home sales were mostly reflected by constrained sales of existing homes, while the new construction market hiked in demand. Sales for new construction grew by 20 percent in a year. Correspondingly, the market share of new construction sales climbed five percentage points to 21.7 percent. This indicates that for every five closed listings, one will be a new home. Both demand and supply factors contributed to the increasing trend for new homes. The shortage of existing homes is due to current owners’ reluctance to give up their homes in exchange for a higher-cost home.
After balancing at 57 days for two months, the state’s average days on market (DOM) dropped to 55 days, deviating from the steep rebounding trend that lasted for over a year. For the past six months, readings fluctuated between 55 days and 59 days. That small range suggests the housing market may be stabilizing. Among the major metros, Austin (69 days) and San Antonio (66 days) reported a longer-than-average DOM, while Dallas and Houston had DOM figures of 47 days and 48 days, respectively.
Housing supplies are stocking up, as active listings have trended upward since February, and the accumulation speed is accelerating. In August, the number of homes available for sales rose 5.9 percent, reaching 90,750 listings. The four major metros posted monthly gains between 4.4 percent and 5.2 percent, with Dallas leading the pack. The state’s new listings rose 5.7 percent to 40,620 units, with Austin contributing a double-digit jump and an increase of 642 units. Despite the rise in active listings, months of inventory (MOI) had a marginal loss to 3.2 months due to recouped home sales.
Since the Fed initiated the series of interest rates hikes, both treasury rates and mortgage rates have increased accordingly. The ten-year U.S. Treasury Bond yield has had an average yield of 3.8 percent in 2023, up from 3 percent in 2022 and 1.5 percent in 2021. The expectation of further rate hikes pushed the bond yield to a new high since the Great Recession in 2008 at 4.2 percent.
Elevated by the bond yield, the Federal Home Loan Mortgage Corporation’s 30-year fixed-rate inched up to 7.1 percent, up 23 basis points. The inflated mortgage rate is expected to further raise the cost of homeownership and decrease mortgage applications. Under the pressure of high mortgage rates, mortgage loan applications have fallen in 2023 with the annual high in January. In the past eight months, the Mortgage Bankers Association reported a volume index drop of over 20 percent.
Texas’ single-family construction permits rose 5.3 percent MOM to 13,160 issuances. This rise highlights August as the second month this year with more than 13,000 houses approved for construction. All four major metros reported growing demand except for San Antonio (630 permits), falling 16.4 percent MOM. Of the other three metros, Houston led with close to 4,500 permits, accounting for a third of the state’s total permits for future homebuilding. Dallas followed with 3,980 permits. Austin (1,717 permits), which had drastic construction slowdown with last year’s price correction, finally jumped out of the lows, reporting impressive rebounds with a double-digit growth rate.
Construction starts grew alongside construction permits. After five consecutive months of growth, single-family construction starts in Texas inched up to 11,950 units. Both Dallas and Houston led with over 3,300 houses breaking ground, surpassing the combined total of other metros outside the “Big Four.” Home project starts in Austin (1,810 starts) and San Antonio (810 starts) surpassed the typical 2:1 ratio.
The state’s total single-family starts value reached $21.2 billion, up from $18.8 billion in July. While the current starts value fell short of the peak during the 2020-22 pandemic frenzy, it mirrored the construction activity levels observed in 2019. Notably, Houston and Dallas remain pivotal players, contributing to more than half of the state’s construction activity values. Dallas’ market share rose to 27.6 percent, closely trailing Houston’s 27.7 percent share.
This year’s steady price gains took a pause in August as Texas‘ median home price dipped. Despite the 0.3 percent MOM decrease, the seasonally adjusted price at $336,600 was still at a higher standing than the June reading. The state’s housing market signaled no large volatility, as the Big Four metros reported monthly changes of less than 0.5 percent. At the metro level, Austin’s median price remained elevated at $454,000, while Dallas followed with $396,500 (Table 2).
After reaching record prices last year, the four major metros have split into two groups with their price directions. Dallas and Houston—the two largest housing markets—had been regaining some strength in their median prices, inching up 2.4 percent and 1.8 percent year to date (YTD), respectively. Meanwhile, Austin and San Antonio had not yet geared up for a new price momentum, falling behind 0.6 percent and 0.3 percent YTD, respectively.
The Texas Repeat Sales Home Price Index (Dec 2004=100) peaked in July and stayed relatively stable in August. After suffering major price corrections earlier in the year, home price growth has gradually grown back to rates comparable to the peaks from last year.
Source – Joshua Roberson, Weiling Yan, and Koby McMeans (October 13, 2023)
https://www.recenter.tamu.edu/articles/technical-report/Texas-Housing-Insight
Whether you’re a lifelong resident or new to the area, there’s always something new to discover about your neighborhood. With that in mind, we created a Fast Facts sheet for cities and neighborhoods all over the DFW area. Our DFW Area fast facts have detailed real estate insights, things to do, places to shop and some of our favorite restaurants in each area.
Frisco is a rapidly growing city located just north of Dallas. It has earned a reputation as one of the fastest-growing communities in the United States. With its top-rated schools, extensive recreational amenities, and a wide range of shopping and dining options, Frisco has become a sought-after destination for families and professionals alike. The city is also home to major sports teams and entertainment venues, adding to its vibrant and dynamic atmosphere.
Head to our website now to get all the details you need to stay up-to-date and in-the-know about your local neighborhood. Your community is waiting for you! republictitle.com/dfw-area-city-fast-facts
POPULATION
AVERAGE HOUSEHOLD INCOME
MEDIAN AGE
HOUSING
AVERAGE SALES PRICE
• THE STAR | DALLAS COWBOYS HEADQUARTERS
• FRISCO RAIL DISTRICT | SHOPPING & DINING
• STONEBRIAR DISTRICT | SHOPPING & DINING
• TOYOTA STADIUM
• DR. PEPPER BALLPARK
• NATIONAL SOCCER HALL OF FAME
• NATIONAL VIDEO GAME MUSEUM
• FRISCO HERITAGE MUSEUM
• MUSEUM OF THE AMERICAN RAILROAD
• SCI-TECH DISCOVERY CENTER
• FRISCO COMMONS PARK
• LA HACIENDA RANCH • J. THEODORE • HUTCHINS BBQ •
• EG STEAK • MASH’D • BARNEY’S BRUNCH HOUSE •
• DIDI’S DOWNTOWN • RANDY’S STEAKHOUSE •
• 5TH STREET CAFÉ • PLATIA GREEK KOUZINA • CHITO’S •
• THE HERITAGE TABLE • EIGHT 11 PLACE • CRUDO •
• HOFFS STEAKS & STEINS • UNCORK’D BAR & GRILL •
• CONCRETE COWBOY • ASCENSION COFFEE •
• SUMMER MOON COFFEE • THE FRISCO BAR & GRILL •
• BITTERSWEET IVY • BLUE DOOR BOUTIQUE •
• EDEN LIFESTYLE BOUTIQUE • ELLA BLEU • FLEA STYLE •
• FRISCO MERCANTILE • THE SHOPS AT STARWOOD •
• STONEBRIAR CENTRE • TWISTED SIMPLICITY •
• DOWNTOWN DALLAS | 30 MINUTES
• DALLAS LOVE FIELD AIRPORT | 28 MINUTES
• DFW INTERNATIONAL AIRPORT | 22 MINUTES
• AT&T STADIUM & GLOBE LIFE FIELD | 39 MINUTES
• DOWNTOWN FORT WORTH | 45 MINUTES
Get ready to embrace the cozy vibes of fall in the DFW area! From Oktoberfest’s to festivals and markets, there’s something for everyone to enjoy. Find out about all the exciting activities happening near you and make the most of this beautiful season!
Allen
FALL FEST 2023
COTTONWOOD CREEK CHURCH
OCTOBER 28TH
Arlington
PUMPKIN NIGHTS
HOWELL FAMILY FARMS
SEPT. 21ST – OCT. 30TH
Carrollton
GHOST TOWN
HISTORIC DOWNTOWN CARROLLTON
OCTOBER 28TH
Celina
OKTOBERFEST
DOWNTOWN CELINA
OCTOBER 14TH
TROUBADOUR FESTIVAL
OLD CELINA PARK
OCTOBER 21ST
BEWARE OF THE SQUARE
DOWNTOWN CELINA
OCTOBER 28TH
Dallas
AUTUMN AT THE ARBORETUM
THE DALLAS ARBORETUM
ALL OF OCTOBER
PUMPKINFEST
PRESTONCREST CHURCH OF CHRIST
OCTOBER 28TH
DIA DE LOS MUERTOS PARADE
DALLAS CITY HALL PLAZA
OCTOBER 28TH
TURTLE CREEK FINE ARTS FESTIVAL
REVERCHON PARK
NOVEMBER 11TH & 12TH
TACOLANDIA
ENERGY SQUARE PLAZA
NOVEMBER 4TH
Fort Worth
JAPANESE FALL FESTIVAL
FORT WORTH BOTANIC GARDENS
NOVEMBER 4TH & 5TH
Frisco
TRICK OR TREAT THE SQUARE
FRISCO SQUARE
OCTOBER 28TH
PUMPKIN DUNK
INDOOR AQUATIC CENTER AT THE FAC
OCTOBER 21ST
HALLOWEEN BOOS CRAWL
PGA
OCTOBER 27TH
Granbury
HARVEST MOON FESTIVAL OF ARTS
GRANBURY SQUARE PLAZA
OCTOBER 28TH & 29TH
Grapevine
OKTOBERFEST
PEACE PLAZA IN GRAPEVINE
OCTOBER 20TH
Irving
EERIE IRVING
TRINITY VIEW PARK
OCTOBER 21ST
Lewisville
LEWISVILLE WESTERN DAYS
OLD TOWN LEWISVILLE
NOVEMBER 29TH & 30TH
McKinney
MCKINNEY WINE & MUSIC FEST
TOWNE LAKE PARK
OCTOBER 14TH
Plano
PLANO FOOD & WINE FESTIVAL
LEGACY WEST
OCTOBER 21ST
HOLLYDAYS MARKET
PLANO EVENT CENTER
OCTOBER 19TH – 21ST
Paris
FESTIVAL OF PUMPKINS
DOWNTOWN PARIS
OCTOBER 28TH
Southlake
OKTOBERFEST
SOUTHLAKE TOWN SQUARE
OCTOBER 13TH – 15TH
Richardson
THE SHIRE FALL FESTIVAL
THE SHIRE
OCTOBER 15TH
PAWTOBERFEST
HUFFHINES PARK
OCTOBER 21ST
CULTURE IN THE CORE
MAIN STREET PLAZA
NOVEMBER 4TH
Please visit our DFW Area Helpful Resources | Republic Title of Texas section for more area information like this.