Dallas, TX - Local Housing Data - Summary

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Dallas, Fort Worth, Arlington, TX

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Dallas, TX Local News

  • PSW Homes' Big Idea is Small and Urban

    Dallas Morning News real estate maven Steve Brown reports that Austin-based PSW Homes purchased land to build more than 150 Dallas houses in five communities.The strategy? PSW will be building smaller, more affordable homes in older Dallas neighborhoods.

  • Dallas Area's Windsong Ranch Gets a Top Line-Up of Builders

    Dallas Morning News real estate editor Steve Brown profiles the opening of the $1.2 billion Windsong Ranch residential community in Denton County. Highland, Drees, Darling, Huntington, David Weekley and Chesmar Homes are in so far on what will amount to 3,000 new homes.

  • The Top 5 Big Cities for Buying Big Homes

    Where can both the active adult and entry-level buyer go in search of a spacious new-home without paying high prices in the country's biggest metros? BUILDER ranks the top five markets for the metropolitan new-home buyer seeking space, and the builders leading in each market.

New Home Closings and Prices in Fort Worth Gain According to Recent Figures

Posted on: Jul 06, 2014 07:08:55 AM

In April, closings of new homes in the Fort Worth, TX market increased year-over-year, but the increased on a percentage basis less sharlpy than March 2014, showing signs of market stabilization. There was a 1.6% rise in new home closings from a year earlier. This followed a 2.6% hike year-over-year in March.

A total of 18,056 new homes were sold during the 12 months that ended in April, up from 18,033 for the year that ended in March.

As a percentage of overall housing closings, new home closings accounted for 12.1% of overall housing closings. They represented 11.4% of closings a year earlier. Following a year-over-year decline in March, closings of new and existing homes also slid year-over-year in April.

Pricing and Mortgage Trends

Average price of newly sold homes saw a 9.3% bump year-over-year in April to $304,413 per unit. This hike is smaller than the 10.8% rise in March year-over-year.

The average mortgage size on new homes moved north year-over-year along with new home prices. It jumped 8.8% in April from a year earlier to $261,368. In March 2014, average mortgage size on newly sold homes saw a 10.8% hike year-over-year from a year earlier.

 
 
 

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