Winter-Weather-Emergency-Prepardness-Blog-Header

Winter Weather Emergency Preparedness

It’s no secret the weather in North Texas can be unpredictable and brutal at its extremes.  That’s why it’s important to be prepared for whatever mother nature throws our way.  Our Winter Weather Emergency Preparedness list will help you know how to prep beforehand, and give you tips to keep you and your family safe in even the harshest of winter storms.

TO DO BEFORE THE STORM
Create a winter storm emergency kit from the above list. Locate the main water line to your house.
Fill up your car with gas.
Winterize your home. (See the back for list)
Know your medical needs.
Replace wiper fluid with a wintertime mixture.
Make sure your tires have air in them.
Charge all your devices and power strips.
Lower the heat in your house a few degrees if you can to help avoid grid failure.

I YOU LOSE POWER
Immediately turn off the water to your house. Then turn on all the faucets to your house and let the water flow until it stops. This ensures there is no water in your pipes that can burst.
Unplug Valuable devices in your house like TVs, computers, and gaming systems.
Choose one room in your house to “Live” in.
Close your garage door.
Keep your freezer and refrigerator closed.
Know the signs of hypothermia and monitor all loved ones. Cover your windows with blankets if you can.
Open your cabinets to let warmer air around the pipes.

IF YOU LOSE WATER
Turn off the power to your water heater if your power isn’t off. Use bottled water if you need to drink or cook.
If you have lost power, when you drain your faucets, save the water in the tub & sink to use.
If you have saved water you can use it to flush toilets.

AFTER THE STORM
Check to make sure no pipes burst before turning your water back on. If you must leave your house, try to keep roads clear for emergency vehicles and be careful when driving as roads could still be iced and dangerous.
Apply for FEMA if it applies to you.
Call any plumbers or other contractors to fix immediate damage. File any insurance claims as soon as possible.

KNOW THE SIGNS OF HYPOTHERMIA
Signs of Hypothermia in Adults: Shivering
Exhaustion or feeling very tired Confusion
Fumbling hands
Memory loss
Slurred speech
Drowsiness
Signs of Hypothermia in Babies:
bright red, cold skin
very low energy
Hypothermia is a medical emergency. If you notice any of the above signs, take the person’s temperature. If it is below 95° F, get medical attention immediately! Warm drinks can help increase body temperature, but never give alcoholic drinks.

STOCK UP ON THE BASICS BEFORE ANYTHING HAPPENS
Extra Gallons of Water or Bottled Water Extra Baby Food/Formula
Extra Pet Food
Extra Medication
Shelf Stable Meals
Shelf Stable Snacks
Battery Powered or Crank Flashlight Battery Powered or Crank Radio Consider a Portable Generator
Extra hats, coats, mittens, and blankets A Warm Winter Coat
Windshield scraper
Shovel
First Aid Kit
Tow Chains or Rope
Tire Chain if you need to drive
Cat Litter or Sand to help tires get traction

Notice:
1.  This is an emergency supply. Don’t use it! Save it for a true crisis.

2. Never attempt to use a gas or charcoal burning appliance, camp stove or generator in enclosed spaces. This can cause Carbon Monoxide poisoning. 

3.  In any true emergency call 911.

 

Click here for a pdf version.

Class-Calendar-Blog-Header

December Class Calendar

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

Mapping Tools in Matrix
One of the strongest tools available to NTREIS MLS Subscribers is the mapping tool in Matrix, but are you using it to its fullest ability? In this class, Annette Carvalho-Jordan, VP/Real Estate Technology Training, will explore all the map tool functions in Matrix so you can create powerful searches for your clients who want to live in specific neighborhoods, near points of interest or certain distances to where they work.
December 7th
10:00 am – 11:00 am
Zoom

Escape Hatches for Buyers
This class with Scott Rooker, VP/Residential Counsel, will familiarize licensees 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. (TREC Approved Contracts Course)
December 15th
10:00 am – 11:00 am
Zoom

Zoom – Property Data on the Go with RPR Mobile™
Meeting the demands of today’s well-informed consumer is a top priority for REALTORS® and by using valuable tools like RPR® (REALTORS® Property Resource) to help increase your productivity, you can do just that! RPR Mobile™ app offers on-the-go access so you can answer all your clients questions no matter where you are. This class will teach you how to effectively use RPR Mobile™ application in the field to quickly pull up properties for sale from the MLS, look up off market properties, and efficiently find property information such as school information, valuations, past sales and more.
December 16th
10:00 am – 11:00 am
Zoom

Selling Out of an Estate
Join Charles Kramer, Outside Counsel for Republic Title, as he explains the requirements for selling real estate if title is held by an estate or there has been a death of a seller.
December 28th
10:00 am – 11:00 am
Zoom

To see a current list of available classes and to register, please visit www.republictitle.com/residential-education

Housing-Insight-Sept-2021

Texas Housing Insight – September 2021 Summary

Total Texas housing sales ticked up 0.9 percent during the third quarter as inventories remained relatively low in September. Most of the quarterly increase can be attributed to accelerated activity for existing homes priced above $300,000, offsetting the decline in new-home sales and reduced transactions in the lower price ranges. Texas’ homeownership rate decreased amid reduced housing affordability. Overall, housing demand remained healthy but was hindered by depleted inventories, pushing annual median home-price growth well into double-digit territory. Despite low levels of inventory, supply-side indicators declined compared with year-ago measures as supply chain issues persist.

Supply1

The Residential Construction Cycle (Coincident) Index, which measures current construction levels, decreased nationally but increased slightly for Texas as improvements in industry wages and employment outweighed depressed construction values. Construction activity is expected to slow in coming months as indicated by the Texas Residential Construction Leading Index (RCLI), which fell amid lower weighted building permits and housing starts, while the ten-year real Treasury bill yield decreased. Austin and Houston’s leading index reflected statewide fluctuations, while the trend decreased in the former and increased slightly in the latter. Dallas-Fort Worth (DFW) and San Antonio’s indexes decreased, trending downward despite issuing more building permits and elevating residential starts.

According to Zonda data, the supply side contracted at the earliest stage of the construction cycle with a 3.3 percent quarterly decrease in the number of new vacant developed lots (VDLs). DFW accounted for most of the losses amid a reduction in investment across all price cohorts except in homes priced between $400,000 and $499,000. Similarly, San Antonio’s lot development decreased significantly due to depressed activity at the bottom of the price spectrum. Despite the statewide contraction, Houston and Austin’s metric gained as VDLs intended for homes priced between $200,000 and $299,000 rebounded in the former and development heated up for lots targeted for homes selling between $300,000 and $399,000 in the latter.

Quarterly fluctuations in single-family construction permits reflected movements in VDLs. Although the metric ticked up 0.9 percent on a monthly basis, the trend continued its downward trajectory amid a recent reduction in issuance. Houston and DFW topped the national list at the metropolitan level and accounted for most of the state’s improvement, issuing 3,889 and 3,345 nonseasonally adjusted permits, respectively. In Central Texas, permits staggered in September and trended downward after negative quarterly growth. Austin issued 1,829 single-family permits, while San Antonio issued 1,061. Meanwhile, Texas’ multifamily sector registered a surge in issuance as investment shifted from duplexes, triplexes, and four-unit structures to buildings with five or more units. The multifamily metric remained up 13.3 percent year to date (YTD) relative to the same period last year.

With lumber prices falling, total Texas housing starts increased for the second consecutive quarter. Zonda data revealed roughly 38,000 homes broke ground in the Texas Triangle in 3Q2021, pushing single-family housing starts up 3.9 percent on a quarterly basis amid strengthening economic conditions and robust housing demand. Housing starts in North Texas and Austin reached an all-time high, increasing 8 and 13.8 percent, respectively, from last quarter. Activity also hit record levels in San Antonio, elevating 6.4 percent due to increased investment for homes priced more than $300,000 but decreased in Houston for similarly priced homes.

Single-family private construction values declined 14.4 percent this quarter, extending its contraction to four consecutive months as the metric trended downward in all of Texas’ major metros. On a monthly basis, however, values in Houston increased slightly, but the incremental change did little in lifting the 12.7 percent quarter-over-quarter (QOQ) reduction. Values also fell in Central Texas as Austin and San Antonio’s single-family construction contracted 18.3 and 19.4 percent, respectively. Similarly, activity in DFW declined 25.7 percent QOQ.

The number of homes added to the Texas Multiple Listing Services expanded in September, nudging Texas’ months of inventory (MOI) up to 1.6 months as inventory rose across all price ranges. A total MOI around six months is considered a balanced housing market. The price range at which inventory was at its most expansive was between $200,000 and $299,000, increasing its MOI to 1.3 months. Despite the monthly improvement, homes priced less than $300,000 remained constrained.

Supply in the major metros reflected the statewide fluctuation as inventories expanded at the metropolitan level. Austin’s MOI increased to a month, while the metric in North Texas and San Antonio flattened to 1.2 and 1.7 months, respectively. Although Houston’s overall MOI was greater than the state average at 1.4 months, inventory for homes priced less than $300,000 flattened to 1.2 months. Depleted inventory is a major headwind to the continued health of Texas’ housing market.

Demand

Sales rebounded in September despite ongoing inventory constraints, elevating total housing sales 0.9 percent QOQ. Strong quarterly growth in the luxury-home sector and double-digit growth for homes priced between $300,000 and $499,000 outweighed reduced activity for homes priced less than $300,000. The increase in the major metros exceeded the state average, except in Houston, where quarterly sales contracted.

In contrast to elevated quarterly sales in the existing-home market, Zonda data revealed negative sales growth in three of the major metros’ new-home sectors, pulling the statewide metric down 8.2 percent QOQ. New-home sales in Austin, however, rose 7.9 percent to 5,294 sales, rebounding after last quarter’s steep decline as activity accelerated for homes priced less than $200,000 and for homes priced between $400,000 and $499,000. New-home sales in North Texas and San Antonio declined 8.5 and 8.7 percent QOQ, respectively, even as transactions rose for homes priced between $400,000 and $499,000. Houston’s metric tumbled 13.6 percent QOQ.

Amid recovering economic conditions and overall robust sales activity, Texas’ homeownership rate ticked down to 63.5 percent, 1.7 percentage points below the U.S. rate, per the U.S. Census Bureau’s Current Population Survey/Housing Vacancy Survey. Nationally, homeownership dipped slightly from last quarter for white households but increased for minority households and householders under 35 years. Metro-level homeownership rates exceeded the national average only in San Antonio, where it improved 8.6 percentage points to 65.9 percent. The metric fell in Austin and Houston to 59.9 and 60.9 percent, respectively. The rate in North Texas ticked down 1.1 percentage points to 60.5 percent. Homeownership rates may remain depressed in the coming months as COVID-19 foreclosure-protection policies expired and home prices continue to rise.

Texas’ average days on market (DOM) increased from last month’s record low to 30 days. This marked the first increase since July 2020. The relatively low DOM indicated robust housing demand despite lackluster sales. Austin’s DOM shed almost six weeks off its year-ago reading, plummeting to an average of 18 days, while homes in North Texas sold after an average of 23 days in both Fort Worth and Dallas. San Antonio and Houston’s metrics also registered steep annual declines and hovered one day above the statewide average, falling to 31 days in each respective MSA. Despite monthly increases in the average DOM in all the major metros, the metric continued to trend downward as low levels persisted, corroborating strong housing demand.

During possible movement to monetary policy normalization starting with the tapering of bond purchases by the Federal Reserve Bank, economic growth forecasts for the rest of the year cooled as the initial and strongest stage of recovery likely reached its peak. It’s unclear whether inflation pressures are temporary or permanent. The ten-year U.S. Treasury bond yield increased to 1.4 percent but was down from pre-pandemic levels of 1.62 percent, and the Federal Home Loan Mortgage Corporation’s 30-year fixed-rate ticked up to 2.9 percent. For the typical Texas mortgagee, the median mortgage rate ticked down in August3 to 3.1 and 2.9 percent for GSE and non-GSE loans, respectively, and, similar to the national headline metric, remained constant relative to year-ago levels. Texas home-purchase applications increased for three consecutive months in September but diminished 12.7 percent YTD, and refinance applications declined 14.6 percent over the same period. Lenders adding more requisites and the shrinking pool of households able to refinance are likely impacting refinance activity. (For more information, see “Finding a Representative Interest Rate for the Typical Texas Mortgagee“.)

In August, the median loan-to-value ratio (LTV) constituting the “typical” Texas conventional home loan dropped from 87.8 a year ago to 84.3. The debt-to-income ratio (DTI) declined from 37.1 to 35.2, while the median credit score jumped 12 points in the last year to 752. The LTV and DTI for GSE borrowers decreased from 85.5 and 35.5 last August to 85.2 and 36, respectively. Overall improved credit profiles reflect the fact that only the most qualified housing applicants are able to outbid their competition for their desired homes amid exceptionally tight inventories and robust demand.

Prices

The Texas median home price rose for the ninth consecutive month, increasing 16.8 percent YOY to a record-breaking $310,100 in September. The ongoing compositional sales shift toward higher-priced homes contributed to a higher median price. The share of luxury-homes sold in Austin more than doubled in the last year, representing more than two-fifths of total transactions and contributing to the 28.3 percent YOY surge in the median price ($456,300). The Dallas metric ($378,300) gained 17 percent, while annual price growth in Fort Worth ($315,900) elevated 18.6 percent. Houston ($303,900) and San Antonio’s ($294,200) metrics rose 14.8 and 15.5 percent, respectively.

The Texas Repeat Sales Home Price Index accounts for compositional price effects and corroborated substantial home-price appreciation as the index hovered near a series maximum, gaining 18.2 percent YOY. The metric skyrocketed 36.1 percent in Austin, followed by North Texas with annual home-price appreciation at 22.9 and 20 percent in Dallas and Fort Worth, respectively. San Antonio posted a 17.2 percent annual hike, while Houston’s index registered double-digit growth for five consecutive months, elevating 14.9 percent. Rapid price growth outpaced wage gains, adding additional pressure to housing affordability.

Single-Family Forecast

The Texas Real Estate Research Center projected single-family housing sales using monthly pending listings from the preceding period (Table 1). Only one month in advance was projected due to uncertainty surrounding the COVID-19 pandemic and the availability of reliable and timely data. Texas sales are expected to tick down 0.3 percent in October after rebounding this month. The metric is estimated to decline 5 and 0.5 percent in Austin and San Antonio, respectively, with additional decreases of 0.8 percent in Houston. Only sales in DFW are expected to remain positive, increasing 0.7 percent next month. Sales through September 2021 should accelerate relative to the same period in 2020, except in North Texas, where forecasts predict a 2.1 percent dip in transactions.

Household Pulse Survey

According to the U.S. Census Bureau’s Household Pulse Survey, the share of Texas homeowners behind on their mortgage payments decreased to 5 percent in September (Table 2). The metric within Texas’ largest metropolitan areas mirrored the statewide average, except in Houston, where the share was 7 percent. The share of Texas respondents who were not current and expected foreclosure to be either very likely or somewhat likely in the next two months grew to 27 percent in September, higher than the national rate of 22 percent (Table 3). The proportion of delinquent individuals who were at risk of foreclosure declined in North Texas, falling to 20 percent, while Houston’s metric shot up 26 percentage points to 44 percent. The Federal Housing Finance Agency’s eviction moratorium for properties owned by Fannie Mae and Freddie Mac (the Enterprises) officially expired as of Sept. 30, 2021. Continued stability in the housing market is essential to Texas’ economic recovery.

________________

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. Loan-to-value ratios, debt-to-income ratios, and the credit score component are also nonseasonally adjusted.

3 The release of Texas mortgage rate data typically lag the Texas Housing Insight by one month.

Source – James P. Gaines, Luis B. Torres, Wesley Miller, Paige Silva, and Griffin Carter (November

Source – James P. Gaines, Luis B. Torres, Wesley Miller, Paige Silva, and Griffin Carter (November 23, 2021)

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

, 2021)

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

2021-Holiday-Events

2021 Holiday Events in DFW

Our annual list of DFW area holiday events is here! From the Mistletoe Market to Menorah lightings and everything in between, there’s a little something for everyone. From everyone at Republic Title, we wish you a happy and healthy holiday season!

Addison
Vitruvian Lights
Nov. 26 – Jan. 2
UDR.com/Vitruvian-Park

Allen
Grand Menorah Lighting
Dec. 2
JewishMcKinney.com

Holly Jolly Celebration
Dec. 4
AllenSpecialEvents.org

Arlington
Holiday Lights Parade
Dec. 11
HolidayLightsParade.com

Texas Christkindl Market
Nov. 18 – Jan. 2
TXChristkindlMarket.com

Carrollton
Santa On The Square
Dec. 4
CityOfCarrollton.com

Celina
Christmas On The Square
Dec. 1
Celina-TX.org

Dallas
Dallas Holiday Parade
Dec. 4
DallasHolidayParade.com

Dallas Zoo Lights
Nov. 19 – Jan. 2
DallasZoo.com

Galleria Dallas Chanukah Celebration
Nov. 28
GalleriaDallas.com/Holiday

Enchant Christmas
Nov. 26 – Jan. 2
EnchantChristmas.com

Dallas Cont.
Holiday At The Arboretum
Nov. 10 – Dec. 31
DallasArboretum.org

Kwanzaa Fest
Dec. 11-12
FairPark.org

Park Tree Lighting
Dec. 4
KlydeWarrenPark.org

Posada
Dec.12
LCC.DallasCulture.org

Snowday At The Galleria
Nov. 19 – Jan. 17
SnowDayDallas.com

The Trains At Northpark
Nov. 13 – Jan. 2
TheTrainsAtNorthPark.com

Farmers Branch
Tree Lighting & Holiday Market
Dec. 4
FarmersBranchTX.org

Ft. Worth
Gift Of Lights
Nov. 25 – Jan. 2
GiftOfLightsTexas.com

Jingle Ball 2021
Nov. 30
DickiesArena.com

Frisco
Chanukah Celebration
Dec. 5
ChabadFrisco.org

Merry Main Street
Dec. 4
FriscoTexas.Gov

Grapevine
Carol Of Lights
Nov. 22
GrapevineTexasUSA.com

Grapevine Christmas Market
Various Dates In Nov. & Dec.
GrapevineTexasUSA.com

Singing Christmas Tree
Nov. 22 – Jan. 9
GrapevineTexasUSA.com

Little Elm
Magic Of Lights
Nov. 20 – Jan.2
LittleElm.org

McKinney
Home For The Holidays
Nov. 26 – 28
McKinneyTexas.org

Plano
Lights On The Farm
Nov. 26 – Dec. 26
VisitPlano.org

Menorah Lighting & Chanukah Gelt Drop
Nov. 29
ChabadPlano.org

Mistletoe Market In Downtown Plano
Dec. 11 – 12
VisitDowntownPlano.com

Southlake
Santa’s Village
Nov. 21 – Dec. 24
VisitSouthlakeTexas.com

Carriage Rides In The Square
Nov. 12 – Dec.23
VisitSouthlakeTexas.com

November-Landscape-&-Gardening

November Landscape & Gardening Tips & To-dos

Need help planting a successful garden or landscape? Here are some November planting tips from the Dallas Arboretum horticulture staff and the Dallas County Master Gardeners that can help keep your home garden looking beautiful this Fall, whilst having it ready for Winter and set up for success in Spring!

Planting:

  • – Begin refrigerator chilling of tulips and Dutch hyacinths (about 8 weeks) in preparation for late December to early January planting.
  • – Plant daffodils from late October to mid-November.
  • – Plant pansies, flowering kale and cabbage, dianthus, cyclamen, violas for fall color as the weather cools at the end of the month.
  • – Plant cool season fescue grass by mid-month or overseed established fescue lawns if needed. If you choose to overseed a Bermuda lawn with winter ryegrass, do so by mid-month.
  • – Divide and re-plant ground covers like liriope and mondo grass, as well as new ground covers.
  • – Select and plant shrubs and trees, especially those that are grown for fall foliage, while fall color is visible. Late October is an excellent time for planting shrubs and hardy perennials, although it’s best to wait until the winter dormant season for planting shade trees, or transplanting large woody shrubs or ornamental trees such as crape myrtles. You can plant trees and shrubs now while they are becoming dormant so they can establish roots during winter. An application of root stimulator will help get them started. Transplant trees and shrubs in your landscape now. Give them a large enough root ball when transplanting to avoid root damage.
  • – October to January is the time to plant trees and shrub that are ‘balled & burlap’.
  • – Plant cilantro, garlic, leaf lettuce, parsley, radishes, spinach, and turnips.

 

Pruning:

  • – Prune dead wood from trees and shrubs, but wait until the dormant season for major re-shaping. Tidy the garden by removing spent summer annuals, pruning dead bloom spikes off warm season perennials, and re-shaping overgrown perennials later in the season.
  • – Prune back fall-blooming perennials to produce healthy, bushy plants next spring.

Plant Care:

  • – Watch for scale insects on ornamental plants such as euonymus, hollies, gardenias, and camellias, and treat as necessary. – — Watch for brown patch in St. Augustine lawns and control with fungicide as necessary.
  • – Fertilize established fescue lawns according to soil test recommendations.
  • – Fertilize annual color with a complete, water soluble fertilizer.
    – Dig and divide spring blooming perennials now so their roots can get established before spring.
  • – As the weather cools, bring potted tropicals and houseplants inside, inspect for insects which could multiply rapidly indoors.
    – Mulch new plantings to help retain moisture and insulate roots against cold temperatures.
    – Gather leaves regularly as they drop, as a thick leaf layer on lawns can promote insects and diseases and delay winter dormancy. Add excess leaves to the compost pile or shred leaves and use as mulch in beds.

* It is important to know that the average date of the first freeze in Dallas county is November 21st – 30th

Sources and more gardening resources:

Monthly Gardening Tips – Dallas County Master Gardener Association (dallascountymastergardeners.org)

Gardening Resources and Tips | Dallas Arboretum and Botanical Garden

Gardening & Landscaping – Texas A&M AgriLife Extension Service (tamu.edu)

Fall and Winter Color for North Texas – Covingtons (covingtonnursery.com)

 

October 2021 Stats Blog Graphic

October 2021 DFW Area Real Estate Stats

October 2021 North Texas real estate stats are out and we’ve got the numbers! Our stats infographics include a year over year comparison and area highlights for single family homes and condos broken down by MLS area. We encourage you to share these infographics and video with your sphere.

October 2021 stats alert! The third quarter of 2021 resembles much of the same across Collin, Dallas, Denton, Tarrant and Rockwall counties with active listings down about 30% and new listings down about 10%. The shortage of inventory remains here in North Texas. The number of sales in Dallas County was down 5.6% over last year, while in the other four counties they were down an average of 15% from 2020. Not surprisingly, the price per square foot in the metroplex continues to rise in all five counties with Collin County seeing the biggest increase up 29.1% over last year. It is a great time to be in the market in North Texas and we are thankful! 

For more stats information, pdfs and graphics of our stats including detailed information by MLS area and condo stats, 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.

How-to-Create-Instagram-Posts-for-Your-Real-Estate-Business-with-Canva

How to Create Instagram Posts for Your Real Estate Business with Canva

Republic Title’s Real Estate Technology Trainer Annette Carvalho-Jordan is always staying up to date on new ways to educate real estate agents on how they can build their business. Annette is extremely knowledgeable in both Realtors Property Resource® and Canva and has found a great resource using both platforms to help agents increase their online reputation through social media.

Ready to start sharing engaging real estate content with your network, but not sure where to start? If you want to share neighborhood market stats, new listings, open houses and client testimonials… this article will get you going.

What is Canva?

Canva is a simple to use, online design and publishing tool. With it, you can easily create designs without having professional design skills. All you need is an understanding of your brand colors and fonts, along with a clear idea of what you want to share.

With a free account, you’ll be able to use the templates shown in this article. But it will take a Canva pro account, or pay per download, to export the designs as graphics you can share on Instagram. If you’re just kicking the tires, try signing up for the Canva Pro 30-day trial. That will allow you to have all of the features, free for a month.

Benefits of Canva Templates

With premade templates, you’re not starting from scratch. You’ll simply find designs that you like and then modify the overall look and feel as needed with your brand colors, fonts, and imagery.

Simple Tips to Edit Your Canva Design

Agents active on social media platforms such as Instagram often share market stats for their geographic farm area. So for this article, we’re going to break down the how-to and provide a few specific templates to make the job easier.

Change Colors

  1. Click Neighborhood Market Update to access one of RPR’s Canva Templates.
  2. Select “Use Template.”
    1. If you have a Canva account, you’ll be prompted to log in. If you do not have an account, you can create a free account using your email address.
  3. Click to select the element that you want to edit. Then click on one of the color tiles that appears on the toolbar above the editor.
  1. Then from the color editor panel, click the color that you want to apply. To choose a different color, click “New color” or the rainbow tile from the editor side panel to use the color picker.

Add or Change Image

  1. With the template design open, look to the far left side panel.
  2. Click the “Photos” tab. If it’s not showing, click the “More” button to locate it.
  3. Look for images by typing keywords into the search bar.
  4. Once you’ve found or uploaded an image, add it to your design by simply clicking on it.
  5. Any image you’ve added can be adjusted from the top toolbar. Make sure you’ve clicked on the image and then choose: Effects, Filter, Adjust, Crop or Flip.

Social Media Friendly Market Update with RPR and Canva

Now that you understand the basics of editing a Canva template, let’s focus on customizing a Market Stats template using data from RPR.

First, click this link and then select “Use Template.” The design shown below will open.

Next, we need to get the data from RPR to update our graphic. You’ll need to visit RPR and search for the area you’ll be covering. If the area is a neighborhood, try using the RPR Neighborhood search tool, or create a Market Activity report for any geographic area. For this example, I’ll generate a Market Activity report for a neighborhood and we can use the data from there.

  1. Within RPR, select “Research” from the main navigation and then choose “Map Search.”
    (Note: If the map is open to the correct area, simply pan or zoom the map as needed to get centered on your area. If it’s not, use the search bar to enter your area.)
  2. From the top of the RPR map, select the “Show Geographies” pull-down.
  3. Select “Intermediate Neighborhoods,” and neighborhood outlines will display on the map wherever available.
  4. Locate the neighborhood you’ll be covering. In my case, it’s called “Lake Forest neighborhood in Lake Oswego, OR.”
  5. Select the area, and it will turn an orange color, and a map balloon will display.
  6. Click “Create Market Activity” report.

Once the Market Activity report has been generated, open it and navigate to page #2. We’ll use the Median Estimated Home Value and 12-Month Price Change for this template.

Next, navigate back to Canva with the Market Update template open. Double click on the blue median estimated home value text. It will become highlighted. Now type the correct number from your Market Activity Report. In this case, it was $690K, so type that amount in.

Then repeat this for the “Change Over the Last 12 Months”. In this case, that was 26.11%, so type that now.

See how easy that was? Now update the colors and image as needed using the directions from the start of the article.

Downloading Your New and Finalized Sharable Design

Once you’ve updated your colors, imagery, and market stats, it’s time to export your design.

  1. With the design open, tap the “Download” (or down arrow) icon at the top right corner of your screen.
  2. A menu will open, then choose a file type for your download.
  3. Wait for the export progress gradient to complete.
  4. The design will immediately save to your computer or camera roll.

Download 6 Free Canva Templates for your Real Estate Business

RPR has created a few real estate-themed Canva templates that are free for your use. You’ll need to add your own colors and images, where appropriate, but these designs mean you’ll spend less in design mode and more time sharing content in your feed.

Real Estate Market Trends Template

Review Template

New Listing Template

Did You Know Template

Open House Template

Market Update Template

 

Courtesy of:  Realtors Property Resource®

RPR Resource Center – Realtors Property Resource (RPR) (narrpr.com)

Class-Calendar-Blog-Header

November Class Calendar

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

Market Yourself Like A Pro Using RPR
Join Annette Carvalho-Jordan, VP/Real Estate Technology Trainer to learn how to use RPR’s marketing resources to streamline your outreach and share regular market updates on social media channels, as well as, create mailings without missing a beat.
November 4th
10:00 am – 11:00 am
Zoom

Stats in a Snap
Join Annette Carvalho-Jordan, VP/Real Estate Technology Trainer as she leads students through the various ways to generate MLS statistics using tools available in the NTREIS Matrix MLS system. This class will also cover sites with available statewide and nationwide data.
November 9th
10:00 am – 11:00 am
Zoom

It’s All Foreign to Me
This class with Jay Turner, Senior VP/Residential Counsel, will cover many areas of a transaction involving a non-US citizen including Foreign Investors Real Property Tax Act (FIRPTA), Foreign Wills, Mexican Matricula Consular and Foreign Acknowledgments.
November 10th
10:00 am – 11:00 am
Zoom

The Time Is Now: The Airbnb Phenomenon, Part II
Part II: The Short Term Rental Strategy
In Part II, our guest instructor, Nancy Wallace-Laabs, Best Selling Author and National Speaker, as well as a Member of Forbes Real Estate Council, is back to further discuss:
> Maximizing Profit/Minimizing Risk
> Creating a ‘stand out’ short term listing
> Value add amenities that make a difference
This class is for informational purposes only, no CE credit.
November 17th
10:00 am – 11:00 am
Zoom

Backup, Contingent & Multiple Offers
APPROVED TREC CONTRACT-RELATED COURSE
Join us as Matt Visinsky, Senior VP/Residential Counsel as he prepares 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 30th
10:00 am – 11:00 am
Zoom

To see a current list of available classes and to register, please visit www.republictitle.com/residential-education

Texas-Quarterly-Housing-Report-2021-Q3

Texas Real Estate Statistics for Q3-2021

Texas REALTORS has released their Q3 2021 Texas Quarterly Housing Report. Data for the Texas Quarterly Housing Report is provided by the Data Relevance Project, a partnership among local REALTOR® associations and their MLSs, and Texas REALTORS®, with analysis by the Texas Real Estate Research Center at Texas A&M. The report provides quarterly real estate sales data for Texas and 25 metropolitan statistical areas in Texas.

Texas real estate statistics for Q3-2021:

  • Statewide, median home prices were up 16.9% to $310,000
  • 115,272 homes were sold in Texas, a 3.5% decrease compared to Q3-2020.
  • Of all homes sold in the third quarter of 2021, 29.5% were priced from $200,000 to $299,999, the highest share of sales among all price-class distributions.
  • Housing inventory in Texas dropped to 1.6 months in Q3, a decline from 2.3 months in 2020-Q3.
  • Although we’re seeing a slight decline in homes sold year-over-year, it’s important to remember we’re comparing to 2020’s record-breaking numbers. Across the state, we’re still experiencing strong demand for housing, and buyers are moving to Texas from all over the nation.
  • Our housing supply remains stretched, but we’re not seeing as many properties with a frenzy of offers above asking price like earlier in the year. Regardless, buyers in many markets still may find it challenging to get their offers accepted.

You can read the full report by visiting texasrealestate.com or clicking here.

Housing-Insight-August-2021

Texas Housing Insight – August 2021 Summary

Texas housing sales slowed in August, trending downward as supply remained constrained. Despite lowered mortgage interest rates, double-digit home-price appreciation chipped away at housing affordability. Elevated levels of demand persisted as homes averaged less than a month on the market. On the supply side, single-family housing permits declined for the third consecutive month, and housing starts decelerated even as pandemic effects on the lumber supply improved, causing a precipitous fall in prices; other material costs remained elevated. The historically low level of inventory available for sale is the greatest challenge to Texas’ housing market. The state’s diverse and expanding economy, favorable business policies, and steady population growth, however, support a favorable outlook.     

Supply1

The Texas Residential Construction Cycle (Coincident) Index, which measures current construction activity, elevated nationally and within Texas due to improved industry wages and construction values, while employment flattened during August. The Texas Residential Construction Leading Index, however, decreased as weighted building permits flattened and residential starts decreased, while the ten-year real Treasury bill increased. The leading index trended downward, signaling a potential slowdown in future activity. Dallas-Fort Worth (DFW) and Austin’s weighted building permits reflected the statewide fluctuations as residential starts decreased in both metros. DFW leading index decreased, while Austin’s metric flattened. Houston and San Antonio’s indexes, however, suggested steady construction in the coming months as building permits and residential starts increased.

Single-family construction permits declined for the third consecutive month, falling 7.9 percent in August. Houston topped the national list for six straight months with 4,202 nonseasonally adjusted permits despite registering a seasonally adjusted decrease. DFW posted a double-digit monthly decline to 3,389 permits. Meanwhile, Austin and San Antonio issued 1,947 and 1,279 permits, respectively. On the other hand, Texas’ multifamily sector registered a steep expansion as issuance shifted from two-to-four units to five-or-more units. The metric accelerated 41.0 percent on a monthly basis and 22.6 percent year to date (YTD) relative to the same period last year.

Despite strengthening economic conditions and ample housing demand, total Texas housing starts remained unchanged even as lumber prices declined 19.5 percent in August. Single-family private construction values, however, declined 6.6 percent in real terms as the metric trended downward in Texas’ major metros. The majority of the statewide reduction was attributed to the steep plummet in DFW values during August.

Texas’ months of inventory (MOI) ticked up slightly to 1.5 months as sales activity and new listings decreased. A total MOI around six months is considered a balanced housing market. Supply improved across all price cohorts for the third consecutive month. Inventory for homes priced between $300,000 and $399,000, the most expansive price, grew to 1.6 months, while the MOI for luxury homes (those priced more than $500,000) increased to 2.5 months.

Inventory in the major metros increased, except in North Texas, where MOI declined slightly to 1.2 months in Dallas and Fort Worth. Supply remained the most constrained in Austin at 0.9 months. San Antonio inventory expanded to 1.7 months while Houston’s MOI expanded to 1.8 months. Although overall supply increased in August, limited inventory persisted as a major headwind to the health of Texas’ housing market.

Demand

Total housing sales decreased 0.9 percent in August for the third consecutive month despite lowered mortgage interest rates. The slowdown was attributed to record low activity for homes priced less than $200,000 due to dwindling inventories. On the other hand, the number of homes sold priced more than $400,000 reached an all-time high.

Housing sales decreased at the metropolitan level except in North Texas. Reflecting statewide fluctuations across the price spectrum, San Antonio total sales declined 1.8 percent. In Houston, the metric dropped 1.5 percent, while activity in Austin contracted 0.8 percent. On the other hand, sales accelerated in Dallas and Fort Worth, increasing 1.1 and 4.1 percent, respectively, amid strong gains for homes priced between $400,000 and $499,000.

Texas’ average days on market (DOM) fell to a record-breaking 27 days, confirming robust demand and that the YTD decrease in sales was due to restricted inventory. Austin’s DOM increased slightly to 18 days, while the average in North Texas decreased, selling after an average of just 20 days in Fort Worth and 21 days in Dallas. San Antonio and Houston’s metric registered declines but hovered closer to the statewide average, falling to 26 and 29 days, respectively. 

Amid low expectations of additional fiscal and monetary stimulus, economic growth forecasts for the rest of the year cooled as the initial and strongest stage of recovery likely reached its peak, and inflation pressures are believed to be temporary. The ten-year U.S. Treasury bond yield ticked down for the fourth consecutive month to 1.3 percent2, while the Federal Home Loan Mortgage Corporation’s 30-year fixed-rate fell to 2.8 percent. The median mortgage rate for the typical Texas homebuyer decreased in July3 to 3.1 and 3 percent for GSE and nonGSE loans, respectively. As mortgage rates dropped, Texas home-purchase applications increased over the past two months but fell 17.5 percent YTD. Refinance applications improved on a monthly basis yet were still down 12.2 percent over the same period. The annual decreases were likely due to baseline effects after a surge of remodeling and refinancing in 2020. Lenders adding more requisites, and the shrinking pool of households able to refinance is likely impacting refinance activity as well. (For more information, see Finding a Representative Interest Rate for the Typical Texas Mortgagee.)

In July, the median loan-to-value ratio (LTV) constituting the “typical” Texas conventional-loan mortgage dropped from 85.8 a year ago to 84.1. The debt-to-income ratio (DTI) was down from 36.0 to 35.8, while the median credit score increased only three points in the last year to 752. The LTV GSE borrowers also decreased from 86 last July to 85.4; however, DTI grew from 35.5 to 35.8. Overall improved credit profiles reflected the fact that only the most qualified housing applicants were able to outbid their competition for their desired homes amid exceptionally tight inventories and robust demand.

Prices

The ongoing shift in the composition of sales toward higher-priced homes due to constrained inventories at the lower end of the market supported home-price appreciation. The Texas median home price rose for the eighth consecutive month, accelerating 1.2 percent on a monthly basis and 16.8 percent YOY to a record-breaking $305,400 in August. The share of luxury homes sold in Austin continued to expand, contributing to the 34.6 percent YOY surge in the median price ($464,900). The Dallas metric ($374,200) increased 18.4 percent while annual price growth in Fort Worth ($312,600) shot up to 20.1 percent. Houston’s ($301,700) and San Antonio’s ($289,500) metrics elevated 15.5 and 16.1 percent, respectively.

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 corroborated substantial and unsustainable home-price appreciation, accelerating 18.3 percent YOY. At the metropolitan level, the repeat sales index slowed in the major metros, except Houston, as annual price growth reached a peak. The metric decelerated 38.5 percent in Austin, followed by North Texas with 23 and 20.3 percent home-price appreciation in Dallas and Fort Worth, respectively. San Antonio posted an 18.1 percent annual hike, while Houston’s index accelerated 15.2 percent. Increasing home prices pressure housing affordability, particularly in an environment of low real wage growth.

Single-Family Forecast

The Texas Real Estate Research Center projected single-family housing sales using monthly pending listings from the preceding period (Table 1). Only one month in advance was projected due to uncertainty surrounding the COVID-19 pandemic and the availability of reliable and timely data. Texas sales are expected to recover 6.1 percent in September after three consecutive monthly declines. The metric is estimated to rebound 6.9 and 5.6 percent in Austin and San Antonio, respectively, with additional increases of 7.1 percent in DFW and 4.8 percent in Houston. Sales through September 2021 should accelerate relative to the same time period in 2020. On the supply side, inventories reached a trough in May 2021 and should improve in the coming months. Listings seem to have reached a trough and are rising, easing some of the price pressures. (For more information, see the 2021 Mid-Year Texas Housing & Economic Outlook.)

Household Pulse Survey

According to the U.S. Census Bureau’s Household Pulse Survey, the share of homeowners behind on their mortgage payments increased to 6 percent nationally and 7 percent in Texas (Table 2). Houston reflected the national average, while the metric in DFW hovered higher at 9 percent. The share of Texas respondents who were not current and expected foreclosure to be either very likely or somewhat likely in the next two months rose from 14 percent in June to 19 percent (Table 3). The proportion of delinquent individuals at risk of foreclosure also grew in North Texas, increasing from 11 to 21 percent, and increasing 6 percentage points to 18 percent in Houston. The Federal Housing Finance Agency’s foreclosure and REO eviction moratoria for properties owned by Fannie Mae and Freddie Mac (the Enterprises) were extended through Sept. 30, 2021. Continued stability in the housing market is essential to Texas’ economic recovery.

________________

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. Loan-to-value ratios, debt-to-income ratios, and the credit score component are also nonseasonally adjusted.

3 The release of Texas mortgage rate data typically lag the Texas Housing Insight by one month.

Source – James P. Gaines, Luis B. Torres, Wesley Miller, Paige Silva, and Griffin Carter (October 26, 2021)

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