2nd best November of all time-Great news for the local real estate market

Via Britt Fair from Hexter Fair/First American Title

Top 10 things you need to know about the new 3.8% tax

Good info from the National Association of Realtors-makes a complex issue much easier to understand.

In our market, I would agree with the 1st, 3rd, and 4th arrow...

National Housing Metrics [INFOGRAPHIC]

Foreclosure slowdown pushing home prices higher

Foreclosure slowdown pushing home prices higher - Economy Watch

3.8% Tax on Housing? Answers & Resources

3.8% Tax on Housing? Answers & Resources

Thought this was a good explanation of the New 3.8% Medicare tax for home sales | Inman News

New Medicare tax creates incentive for home sales | Inman News

Reading between the lines when you see real estate statistics

Borrowed with permission from Britt Fair of Hexter Fair/First American Title.... Many of you ask me for this updated chart each month. April was another strong month for North Texas housing, with dollar volume up 20% over last April. That year-over-year dollar volume change was caused by an increase of 11% in volume and an 8% increase in average price of homes sold. In fact, this April was the 3rd highest dollar volume of NTREIS April home sales of all time (only 2006 and 2007 were better). To be fair, this stat should improve each year as North Texas population grows, but it’s good to be back on that track! The other thing that a lot of folks are asking about is whether DFW home prices are really increasing. I do not believe that houses have appreciated 8% over April of last year – some of that increase appears to be related to the change in the mix of homes sold, as homes above $150k are performing better than homes below $150k. But then again, the price per square foot was up 6% in April (versus April 2011), so it does appear that there is finally some good, old-fashioned price appreciation to go along with the skewing effect of the change in the housing mix.

Real Estate Commissions: You Get What You Pay For

Real Estate Commissions: You Get What You Pay For

Comparing the North Texas real estate market-2010 vs. 2011

Year-on-year Statistics

Nov-11 Nov-10 % Chg
# Sold 4,780 4,643 3.0%
# For Sale 35,756 45,664 -21.7%

Median Price (Sold) $142,000 $141,000 +0.7%
Median Price (For Sale) $179,900 $165,000 +9.0%
Price per Sq Ft $85 $88 -3.4%

Sold Price to Original Price 91% 90% +1.1%
Average DOM 89 87 +2.3%
Months Supply 7.5 9.8 -23.9%