Texas Housing Insight January 2024 Summary
Housing sales rebounded from last month’s drop despite mortgage rates remaining at elevated levels. The average home price grew alongside sales, with the cost rising over $9,000 since December 2023. Single-family starts decreased while permits increased. Home Sales Skyrocket According to the latest data, Texas had a 14.6 percent increase in total home sales month […]
Understanding The Differences Between Title Insurance and Homeowners Insurance
When navigating the world of insurance, it’s important to know the difference between title insurance and homeowners insurance. As a crucial aspect of homeownership, insurance plays a pivotal role in safeguarding your investment and providing peace of mind. For many homeowners, understanding the nuances between various insurance types can be daunting. At Republic Title, we […]
Republic Title Tip – Title Insurance: Safeguarding Your Home
When it comes to purchasing a home, the excitement of finding the perfect property can often overshadow the importance of ensuring the title is clear and free of any disputes. Yet, overlooking this crucial step can lead to significant financial and legal ramifications. This is where title insurance steps in as a guardian of your […]
Texas Housing Insight December 2023 Summary
Despite mortgage rates continuing to fall from their elevated level, housing sales haven’t rebounded. The average price has fallen alongside home sales, with homes costing $2,000 less than in November. Single-family starts increased while permits moved downward. Homes sat on the market for longer in December as average days on market reported its first increase […]
Republic Title Tip: Understanding Survey Deletion Coverage in Texas
When navigating complex property transactions in Texas, having a trusted partner like Republic Title can make all the difference. Republic Title has long been recognized as a reliable resource for homeowners and real estate professionals, offering invaluable insights and solutions for various issues, including the critical aspect of survey deletion coverage. In this article, we will […]
Republic Title Tip: Unlocking Savings with Texas Tax Exemptions for New Homeowners
Becoming a homeowner in Texas is a significant milestone, but it also comes with financial responsibilities. One aspect that new homeowners should be aware of is property taxes but here’s the exciting part: Texas offers a range of property tax exemptions that can save you money and make your homeownership journey even sweeter. In this post, our […]
Texas Housing Insight November 2023 Summary
The housing market remains tight despite mortgage rates falling from their elevated levels. Home sales decreased just shy of 1 percent month over month (MOM). Prices did not fall alongside sales as most of the state experienced minimal change in prices. Construction permits plummeted in November despite construction starts increasing. Homes sat on the market […]
Texas Housing Insight – October 2023 Summary
High mortgage rates continue to put downward pressure on the housing market, with Texas home sales decreasing 5.9 percent year-over-year (YOY). The average price fell alongside sales, with homes costing around $6,000 less than in September. Demand for new construction increased despite the high entry barrier into the housing market. Homes continue to sit on […]
Proposition 4 – Property Tax Relief for Homeowners
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. HOMESTEAD EXEMPTION TO INCREASE FROM $40,000 TO $100,000 UP TO AN ADDITIONAL $15,000 EXEMPTION FOR CERTAIN ELDERLY AND DISABLED HOMEOWNERS FOR THE 2023 PROPERTY TAX YEAR APPRAISAL […]
September 2023 DFW Real Estate Stats
https://youtu.be/qfLlU2-z_eU 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 […]
