AGENT MLS HOME FINDER

The Dallas real estate market is facing mixed signals from the key economic indicators for the region. Some positive news was reported by a November 10, 2009 article in the Star-Telegram, especially relating to home sales in the Dallas-Fort Worth region. The piece, composed by Sandra Baker, found that “Sales of existing homes in North Texas rose 11 percent in October from a year ago, marking the first time since last year that sales saw a positive year-over-year gain, according to a Texas A&M University Real Estate Center report. Nationwide, sales rose 5.9 percent in the third quarter from a year earlier, to a seasonally adjusted rate of 5.3 million, according to the National Association of Realtors. The $8,000 tax credit for first-time home buyers had a huge impact, said Lawrence Yun, the group’s chief economist…In the 24-county North Texas region, 6,309 existing homes were sold, said the Real Estate Center, which compiles sales data from the multiple-listing service of professional real estate agents.”

Foreclosures were one problem facing Dallas homes for sale in the most recent period recorded, according to a November 13, 2009 article in the Dallas Morning News. The piece, written by Steve Brown, found that “North Texas home foreclosure filings for December soared 30 percent from a year ago. The jump in postings for December pushes the total for the year past 61,000 – a record for the Dallas-Fort Worth area. More than 5,200 homes are facing forced sale by lenders next month in Dallas, Tarrant, Collin and Denton counties, Addison-based Foreclosure Listing Service said Thursday. It’s also the eighth time this year that monthly foreclosure postings were above 5,000.”

Real estate in Dallas faced slightly higher home prices in the most recent quarter, according to another article in the Dallas Morning News. According to the piece, written  on November 11, 2009, found that “Dallas-Fort Worth home sales prices were up slightly in the third quarter, according to a closely watched national comparison. Sales prices in the area were up 0.2 percent from a year earlier in the National Association of Realtors’ quarterly report. It’s the first time the D-FW price number has been positive since the fourth quarter of 2007.”