Home Sales Rebound in April in North Texas

Home sales are struggling to rebound after slumping in the second half of last year, when a jump in mortgage rates to nearly 5% discouraged many would-be buyers. Spring buying is so far running behind last year’s healthy gains: sales were 5.4% below where they were a year earlier.

Regionally, sales in the Northeast, which account for the majority of existing home sales, rose 4.7% to 670,000 units, almost in line with the prior-year period.

Newer fields in Texas and New Mexico are the hot spots in U.S. shale oil right now, drawing investment that might otherwise flow to North Dakota. wages when they can find well-paying jobs at home.

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Huckaby’s 1,600-square-foot home is in the Trails of Fossil Creek neighborhood near Bonds Ranch Road in far north Fort Worth.

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It’s worth noting, however, that Texas housing still remains a bargain compared to many other areas of the nation. According to the Real Estate Center, for instance, in November 2017 the median sale price for existing Texas homes was about $218,000, while the median price realized for new homes was nearly $286,000.

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Real Estate Pending home sales rebound after 17 months of consecutive declines. Lloyd has a degree in broadcast journalism from the University of North Texas. She previously interned with a.

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April was a good month for home sales in North Texas as more than 9,600 single-family homes changed hands, which is five percent more as compared to April 2018, the Dallas Morning News reports.

A Tulsa lumber firm is betting heavily on the return of the Wichita new-homes market. 10 more employees to the north central Wichita facility. Robinson said about 2,400 square feet of the new.