Just the Facts
Texas to Have 5% Home Price Gain in 2013
For the first time in seven years, all 50 states are expected to have price gains this year. Some states, such as Texas, Florida, California and Arizona are expected to have the largest price gains, from 2.9% to 5.6% gain. Texas is expected to see one of the healthiest price gains in the nation at or near 5%.
- Scholastic Corporation, NAR, January 1, 2013
January DFW Foreclosures - Record Low
The DFW area has had a tapering drop off of foreclosures for two years, but nothing like the sharp decrease for January 2013. Just under 2,400 area homes are threatened with forced sale by lenders on the second Tuesday next week. That is a 42 percent decline from January 2012, according to data from Foreclosure Listing Service. Monthly foreclosure filings have not been this low in North Texas since mid-2005, according to records. The January number, which is a 70 percent decrease from two years ago, is actually the normal number of monthly foreclosure postings during the early 2000s before the recession. Collin County had the largest decrease in foreclosure postings, down 44 percent from one year ago.
- Dallas Morning News, December 31, 2012
Coppell & Grapevine – Only One Month Supply of Listings
The Dallas Morning News reports that Coppell and Grapevine have the lowest inventory of preowned homes for sale in North Texas, with only a one-month inventory and dropping. Specialists explain that a six-month supply of inventory is a balanced market between buyers and sellers. But a one-month inventory market puts the negotiating strength on the seller’s side with numerous homes selling for over list price. It causes for a high frustration with buyers. Coppell and Grapevine may see a healthy price increase in their market due to supply and demand.
- Dallas Morning News, December 2012
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