Texas Lawn-Tree Service
I’ve been using their services for several years and they do an excellent job with pricing you will love! Steve Young with RE/MAX
I’ve been using their services for several years and they do an excellent job with pricing you will love! Steve Young with RE/MAX
…welcomes upward trend for origination volume and values
COLLEGE STATION, Tex. (Texas Real Estate Research Center) – Optimism in the state’s residential mortgage industry is the strongest it has been in almost 18 months, according to the latest Texas Residential Mortgage Survey (TRMS). Respondents expect conditions to improve over the next two quarters.
“The mortgage survey revealed optimistic opinions regarding residential mortgage activity,” said Wes Miller, senior research associate at the Texas Real Estate Research Center at Texas A&M University (TRERC). “Although mortgage interest rates ticked back up in February, origination volume and values trended upward after sliding for most of 2023.”
The purchase-origination market drove the recent improvement, and there was a significant increase in the number of pre-approved customers looking for homes.
“Headwinds from 2023 remain sustained due to the continued high-interest rate environment, affordability struggles, and record-low housing inventory in most Texas markets,” said Texas Mortgage Bankers Association (TMBA) Vice President Jodie D. Morgan. “However, Texas is somewhat insulated from these challenges because our robust economy, lack of state income taxes, and no taxes on perishable goods help ease affordability issues compared to other regions.”
Mortgage bankers’ cautious optimism likely reflects measured improvement in key metrics:
“Cautious optimism is emerging, and homebuilders’ positive outlook is on the rise. Plus, there was a modest increase in existing-home sales in January that provided a much-needed boost to mortgage pipelines,” Morgan said.
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ABOUT THE SURVEY
The Texas Residential Mortgage Survey (TRMS) is a collaborative effort between the Texas Mortgage Bankers Association (TMBA) and TRERC to provide an analysis of conditions and changes in the residential mortgage industry. Designed as a monthly sentiment survey to gauge current conditions and expectations in and around the Texas residential mortgage industry, all TMBA members are invited to participate.
ABOUT TRERC
The Texas Real Estate Research Center at Texas A&M University (TRERC) is the nation’s largest publicly funded organization devoted to real estate research. Founded by the state legislature in 1971 to meet the data and knowledge-sharing needs of many audiences, including the real estate industry, instructors, researchers, legislators, and the public, the Center creates public content, including digital and print documents, publications, and multiple-format videos, which are available at the Center’s website. Subscribe to TRERC news releases and other publications here.
DALLAS-FORT WORTH-ARLINGTON (Dallas Morning News)
The DFW area led the nation in population growth last year, according to the latest U.S. Census Bureau data.
In 2023, the Metroplex added 152,598 residents for a total of 8.1 million. Houston had the second-largest growth with 139,789 residents, bringing its total to 7.5 million. The next largest was Atlanta with 68,585 (total of 6.3 million). Austin and San Antonio ranked seventh and ninth with growth of 50,105 (to almost 2.5 million) and 48,071 (to 2.7 million), respectively.
Eight of the top ten U.S. counties for population growth were Texas counties, with Harris County being first (53,788), Collin County second (36,364), and Montgomery County third (31,800).
FORT WORTH (Dallas Morning News) – A residential community is entering its third phase of development with the addition of 339 lots.
The 1,600-acre Walsh community near I-30 and I-20 will expand its Overlook Park and Lake Park neighborhoods with additional single-family homes and townhomes.
The construction also includes a fire station and early education center.
Townhomes start at $400,000 while luxury custom homes exceed $1 million.
The project is developed by Republic Property Group in partnership with Walsh Cos. The builders will be David Weekley, Drees Custom Homes, Highland Homes, Toll Brothers, Village Home, and GFO Home.
Call Misbah with RE/MAX for more information and a private showing. 682-260-0777!
See more at 5425 Old Blush Dr.
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