City fast Facts Website Thumbnail Graphics-02

Spotlight on Bishop Arts Neighborhood

by Resources

Whether you’re a lifelong resident or new to the area, there’s always something new to discover about your neighborhood.  With that in mind, we created a Fast Facts sheet for cities and neighborhoods all over the DFW area. Our DFW Area fast facts have detailed real estate insights, things to do, places to shop and some of our favorite restaurants in each area.

Bishop Arts, located in the Oak Cliff neighborhood of Dallas, Texas, is a trendy and eclectic district known for its artistic vibe and unique character. It is home to a vibrant mix of boutiques, art galleries, cafes, and restaurants that showcase local talent and creativity. With its colorful murals, charming streets, and a lively atmosphere, Bishop Arts offers visitors a one-of-a-kind experience filled with shopping, dining, and cultural exploration.

Head to our website now to get all the details you need to stay up-to-date and in-the-know about your local neighborhood. Your community is waiting for you! republictitle.com/dfw-area-city-fast-facts

POPULATION

3.8K

AVERAGE HOUSEHOLD INCOME

$65K

MEDIAN AGE

26

HOUSING

56% OWN
64% RENT

AVERAGE SALES PRICE

$429K

AREA ACTIVITIES & FEATURES

• BISHOP ARTS THEATRE CENTER
• TASTE OF BISHOP ARTS DISTRICT TOUR

FAVORITE LOCAL DINING & DRINK SPOTS

• 303 GRILL • BISHOP CIDER CO. • BOULEVARDIER •
• DUDE SWEET CHOCOLATE • EMPORIUM PIES • ESPUMOS CAFFE • ENO’S PIZZA TAVERN • HUNKY’S HAMBURGERS • NEIGHBORHOOD CELLAR • ODDFELLOWS • RED PEGASUS COMICS • STOCK & BARREL • TEN BELLS TAVERN • THE WILD DETECTIVES • TRIBAL ALL DAY CAFÉ • WHITEHALL EXCHANGE •

FAVORITE LOCAL SHOPPING

• AJ VAGABONDS
• ALL GOOD THINGS
• BISHOP STREET MARKET
• CIGAR ART
• FETE-ISH
• HOME ON BISHOP
• HARKENSBACK
• INDIGO
• LAUGHING WILLOW
• M’ANTIQUES
• {NEIGHBORHOOD}
• OASIS PLANT SHOP
• SOCIETY
• WE ARE 1976

AVERAGE DRIVE TIMES

• DOWNTOWN DALLAS | 12 MINUTES
• DALLAS LOVE FIELD AIRPORT | 32 MINUTES
• DFW INTERNATIONAL AIRPORT | 35 MINUTES
• AT&T STADIUM & GLOBE LIFE FIELD | 25 MINUTES
• DOWNTOWN FORT WORTH | 45 MINUTES

**Print Version

fyQWveaBTeABn69VsR86_MA_CH_Crew

Welcome Will Hodge To Our Castle Hill Team

by Inside Republic TitleResources
Please help us in welcoming Will Hodge, Lisa Suges and Summer Holbrook as the newest additions to our Republic Title Castle Hills team! Will, pictured with Castle Hills Branch Manager Gail Smith and Business Development Representative Melissa Smith, brings 26 years of title insurance experience to our Castle Hills team and is known for going above and beyond for his clients.
 
As of August 1st, the Republic Title MacArthur team has merged with the Republic Title Castle Hills team and is now located at 4400 State Highway 121, Suite 210, Lewisville, TX 75056. For more information, please visit republictitle.com/castle-hills
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August Class Calendar

by Ask the ExpertEducationSocial MediaTechnology

Republic Title is pleased to offer a variety of continuing education classes for our customers. Join us in August for classes including:

It’s All Foreign to Me
This class will cover many areas of a transaction involving a non-US citizen including Foreign Investors Real Property Tax Act (FIRPTA), Foreign Wills, Mexican Matricula Consular and Foreign Acknowledgments.
August 8th
10:00 am – 11:00 am
Zoom

Matrix MLS – Auto Emails, Contacts, Client Portals
Join us for an in-depth overview of setting up automatic emails based on your client’s custom search, manage emails/contacts as well as client portals in the Matrix MLS System.
August 10th
10:00 am – 12:00 pm
Zoom

DFW Stats and Trends at Your Fingertips
Successful agents know their local markets. Whether used in a casual meeting, a listing presentation or on social media, knowing how to produce market reports is essential. Join us to learn how to generate current and relevant monthly/annual stats using all the tools available to you through NTREIS.
August 15th
10:00 am – 11:00 am
Zoom

Home Surveillance-Legal Issues
Join us for this class which focuses on the specifics of home surveillance and potential legal issues that arise from unlawful recordings of video or audio or both when an agent is showing a house or listing a house.
August 17th
10:00 am – 11:00 am
Zoom

Death, Divorce & Real State
Join us to learn important laws surrounding death and divorce such as separation, homestead issues, community property and probate.
August 17th
12:00 pm – 1:00 pm
Republic Title Prosper Office

Incredible Canva Tips and Tricks
Boost your listings and properties easily and efficiently using Canva’s beautiful real estate templates. Join us to learn new tips and tricks to make designing even easier and make marketing one of your new favorite tasks!
August 17th
10:00 am – 11:00 am
Republic Title Castle Hills Office

Attract New Clients Using MLS Tools
Join us and discover a number of ways to use the tools provided by the MLS to help with consumer interest which can likely turn into sales and full-fledged customers.
August 17th
12:00 pm – 2:00 pm
Republic Title Castle Hills Office

Creative Financing Pitfalls in a High Interest Rate Market
All licensees must be prepared to handle aspects of special types of financing. This class focuses on the specifics of alternative types of financing such as Seller Financing, Loan Assumption, and Lease to Own and discusses types of financing to avoid.
August 24th
10:00 am – 11:00 am
Zoom

City fast Facts Website Thumbnail Graphics-01

Spotlight on Arlington

by Resources

Whether you’re a lifelong resident or new to the area, there’s always something new to discover about your neighborhood.  With that in mind, we created a Fast Facts sheet for cities and neighborhoods all over the DFW area. Our DFW Area fast facts have detailed real estate insights, things to do, places to shop and some of our favorite restaurants in each area.

Arlington is a vibrant city located between Dallas and Fort Worth. Known as the “Entertainment Capital of Texas,” Arlington is home to major attractions such as Six Flags Over Texas and AT&T Stadium, where the Dallas Cowboys play. The city also boasts a thriving cultural scene, with museums, theaters, and a lively downtown area, making Arlington a hub of excitement and entertainment.

Head to our website now to get all the details you need to stay up-to-date and in-the-know about your local neighborhood. Your community is waiting for you! republictitle.com/dfw-area-city-fast-facts

POPULATION

933K

AVERAGE HOUSEHOLD INCOME

$82K

MEDIAN AGE

33

HOUSING

56% OWN
44% RENT

AVERAGE SALES PRICE

$369K

AREA ACTIVITIES & FEATURES

• SIX FLAGS OVER TEXAS
• AT&T STADIUM
• GLOBE LIFE FIELD
• HURRICANE HARBOR
• VILLAGE CREEK NATURAL AREA
• DALWORTHINGTON GARDENS
• ARLINGTON MUSEUM OF ARTS
• ALLEY CATS ENTERTAINMENT
• EPIC WATERS INDOOR WATERPARK
• UTA PLANETARIUM
• VANDERGRIFF ENTERTAINMENT PARK

FAVORITE LOCAL DINING & DRINK SPOTS

• CAMPE VERDE • TEXAS LIVE • DIVISION STREET DINER •
• ISTANBUL GRILL • DIVISION BREWERY • DINO’S SUBS •
• TASTE OF EUROPE • PICCOLO MONDO • SUSHI DOMO •
• MERCURY CHOPHOUSE • THE TIPSY OAK • J R BENTLEY’S •
• BUTTERMILK SKY PIE SHOP • MARIANO’S HACIENDA •
• J GILLIGANS BAR & GRILL • LOCKHART SMOKEHOUSE •
• HURTADO’S BBQ • J R BENTLEY’S • BFF ASIAN GRILL •

FAVORITE LOCAL SHOPPING

• ANYTHING GOES • PARK ROW GIFT SHOPS •
• GRACIE LANE BOUTIQUE • HANK & ELLIE •
• ATTIC SALT GIFT SHOP • ARLINGTON HIGHLANDS •
• WONDROUS WORKS IN WOOD • WILDFIRE & LACE •

AVERAGE DRIVE TIMES

• DOWNTOWN DALLAS | 27 MINUTES
• DALLAS LOVE FIELD AIRPORT | 29 MINUTES
• DFW INTERNATIONAL AIRPORT | 19 MINUTES
• AT&T STADIUM & GLOBE LIFE FIELD | 7 MINUTES
• DOWNTOWN FORT WORTH | 21 MINUTES

**Print Version

Slide1

June 2023 DFW Area Real Estate Stats

by ResourcesStatsVideo

The Dallas real estate market has seen fluctuations in different counties, as of the latest available data. In Collin County, new listings have declined by 21.5%, with closed sales down by 3.7%, and the median sales price experiencing a 5.1% decrease. Similarly, Dallas County has witnessed a decline of 19.3% in new listings, a significant drop of 12.1% in closed sales, and a minor decrease of 0.8% in the median sales price.

Denton County, on the other hand, has experienced a decrease of 19.7% in new listings, while closed sales have surprisingly increased by 1.2%. However, the median sales price in Denton County has still seen a downturn of 1.2%. Tarrant County has seen the steepest decline in new listings at 22.6%, coupled with a significant drop of 10.2% in closed sales and a median sales price decrease of 4.3%. Lastly, Rockwall County has experienced a substantial decline of 25.2% in new listings, a notable drop of 19.5% in closed sales, and a 2.2% decrease in the median sales price.

Overall, these statistics indicate varying trends in the Dallas real estate market, with some counties witnessing significant declines in both new listings and closed sales, while others show mixed results. The changes in median sales prices are also noteworthy, showcasing the complexities and challenges the local real estate market is currently facing. As the market continues to evolve, it will be essential for potential buyers and sellers to stay informed with the most up-to-date data and trends from Realtor professionals to make informed decisions in this dynamic environment.

Our stats infographics include a year over year comparison and area highlights for single family homes broken down by county. We encourage you to share these infographics and video with your sphere.

For more stats information, pdfs and graphics of our stats including detailed information by county, visit the Resources section on our website at DFW Area Real Estate Statistics | Republic Title of Texas.

For the full report from the Texas A&M Real Estate Research Center, click here. For NTREIS County reports click here.

City-fast-Facts-Website-Thumbnail-Graphics-Allen

Spotlight on Allen

by Resources

Whether you’re a lifelong resident or new to the area, there’s always something new to discover about your neighborhood.  With that in mind, we created a Fast Facts sheet for cities and neighborhoods all over the DFW area. Our DFW Area fast facts have detailed real estate insights, things to do, places to shop and some of our favorite restaurants in each area.

This week’s spotlight is Allen.  Allen, Texas, is a thriving suburban city known for its strong sense of community and family-friendly environment. With its top-rated schools, well-maintained parks, and recreational facilities, Allen offers residents a high quality of life. The city also boasts a variety of shopping and dining options, making it a desirable place to live with a perfect blend of suburban comforts and urban amenities.

Head to our website now to get all the details you need to stay up-to-date and in-the-know about your local neighborhood. Your community is waiting for you! republictitle.com/dfw-area-city-fast-facts

POPULATION


103K

AVERAGE HOUSEHOLD INCOME

$144K

MEDIAN AGE


38

HOUSING

72% OWN
28% RENT

AVERAGE SALES PRICE

$554K

AREA ACTIVITIES & FEATURES

• WATTERS CREEK | SHOPPING & ENTERTAINMENT
• CELEBRATION PARK
• SWEET TOOTH HOTEL | ART MUSEUM
• BILLINGS PRODUCTIONS | SCIENCE MUSEUM
• ALLEN STATION PARK
• HYDROUS WAKEPARK AT ALLEN STATION PARK
• GIANT PARTY SPORTS PAINTBALL PARK
• HISTORIC WATER STATION TRAIL & OLD STONE DAM

FAVORITE LOCAL DINING & DRINK SPOTS

• 5TH STREET PIZZA INC • A BITE OF LAO N’ THAI • ALLEN
CAFE • ARMOR COFFEE CO • BEAUBEAUX’S BOURBON &
BISCUITS • BIG RAY’S BBQ • BURGER 82 • CANYON BAR &
GRILL • CHEPA’S MEXICAN GRILL • CHICAGO’S ORIGINAL
PIZZA • CRU FOOD & WINE BAR • DODIE’S CAJUN • ELKE’S
MARKET CAFE • ELLEN’S • FOREVER PHO • HEDARY’S
MEDITERRANEAN • JC’S BURGER HOUSE • LA SHISH •
• KEKOA’S KITCHEN • MA BO CHINESE • MEXICAN CACTUS
BAR • MIO NONNO • MR. TAKITO • NUMERO 28 • RAMEN
HAKATA • SALTLIGHT STATION • SHAKERTINS • SLOPPY MESS
KITCHEN • SUGARBACON • SWEET RICE • THE BLUE FISH •

FAVORITE LOCAL SHOPPING

•ALLEN PREMIUM OUTLETS • YELLOW HOUSE SALON &
BOUTIQUE • LONE STAR MERCANTILE • THE VILLAGE AT
ALLEN • ANTIQUE MALL OF ALLEN • MONKEYSPORTS •

AVERAGE DRIVE TIMES

• DOWNTOWN DALLAS | 40 MINUTES
• DALLAS LOVE FIELD AIRPORT | 40 MINUTES
• DFW INTERNATIONAL AIRPORT | 35 MINUTES
• AT&T STADIUM & GLOBE LIFE FIELD | 50 MINUTES
• DOWNTOWN FORT WORTH | 75 MINUTES

**Print Version

Texas-Housing-Insight-May-2023

Texas Housing Insight May 2023 Summary

by Real Estate ArticlesResourcesStats

Texas had an uptick in home sales in May. At the same time the level of active listings continued to drop, resulting in shorter market times to sell and price growth. The market time shrunk for the first time since March 2022, now standing at 56 days. The median price has steadily increased by 0.4 percent each month this year but is still $15,000 short of the record high level from a year ago.

Supply* Recedes after the Two-Year Boom

Single-family construction permits moderately declined less than one percent from the previous month to 12,305 units. Dallas and Houston both showed massive changes with Dallas declining by 13.3 percent to 3,159 permits, while Houston surpassed its 2022 building permits by 5.8 percent to 4,546 permits. The issuance difference ballooned quickly from 136 permits in April to more than 1,300 permits in May. Austin and San Antonio moderately changed with Austin rising by 4.3 percent to 1,068 units, while San Antonio decreased by 8.8 percent to 684 units. The split between the four major metros was the cause for Texas’ moderate decrease in May.

Single-family construction starts rose for the second month to 10,725 units in May. Despite the recent rebound, the number of construction starts shrank more than 20 percent compared with a year ago. Dallas recorded the only increase this month in the Texas Triangle with a 6.2 percent increase to 7,258 units. Construction generally hits a seasonal low in winter and peaks in spring or summer.

The state’s total single-family starts value reached $12.8 billion in May, a decline from $19.7 billion recorded in 2022. Investment value contracted in all four major metros, with Houston suffering the largest loss. The energy hub had a substantial 39.1 percent decrease in single-family starts value from January to May compared with the previous year. This was equivalent to a net loss of $2.3 billion worth of real estate investment. While the housing market underwent a cooldown, the rental market displayed Texans’ consistent need for extra space. Multifamily starts value inched up by 3.1 percent year-to-date (YTD), and Dallas and Houston—the two most populated metros—contributed mostly to the growth.

The number of active listings continued its downward trajectory, reaching 79,278 units, representing a decrease of just over 1 percent from the previous month. The big four metros recorded the largest drops in listings while the rest of Texas counteracted their decrease that kept the statewide change at only a slight decrease from April 2023. The number of new listings increased just over 2 percent to 37,812 units, with Houston accounting for the only increase. Months of Inventory (MOI) dipped to 2.6 months. This trend is in large part due to Dallas and Houston’s MOI decreasing by 8 percent and 19 percent, respectively.

Housing Market Sees Shortened Sale Time for First Time in 14 Months

Total home sales recovered half of the losses from April’s month-over-month (MOM) slump and expanded to 28,933 transactions, equivalent to a 5.3 percent MOM increase (Table 1). All four metropolitan areas experienced significant growth in sales volume. Austin showed the highest monthly elevation with a double-digit growth rate, catching up to San Antonio’s sales level with over 2,900 transactions. Houston had the second most impressive rate at 8.2 percent, bridging the gap between Dallas’ single-family transactions.

Sales in Houston rose across all price cohorts in May, with the most significant rises in the two tails—below $200,000 and above $750,000—both of which rose over 20 percent. However, compared with May 2022, sales for all price cohorts decreased, especially for homes priced over $300,000.

Texas’ average days on market (DOM) retreated for the first time since March 2022, falling three days to 56, straying away from the historical norms rate that it was approaching. Compared with the five-year average of 59 days before 2020, the lack of available homes in the market is becoming more competitive for buyers as three out of the four major metros recorded a decrease in DOM. Dallas recorded the biggest drop to 51 DOM, over a 7 percent decrease from the previous month. Houston and San Antonio were the only two MSAs that did not record a downtick, as the readings balanced at 52 and 68 days, respectively.

Prices Make Steady, Small Gains Despite Volatility in Sales

Texas’ median home prices exhibited strength with consistent increases throughout the year. The price rose steadily by 0.4 percent every month since the beginning of 2023, progressing from $331,900 in January to $337,700 in May (Table 2).  Despite marginal downticks in Austin, Dallas, and San Antonio, growth in Houston along with the rest of the state maintained the state’s overall price growth.

Texas, as well as all four major metropolitan areas, experienced lower in median home prices compared with the previous year. Austin saw decreases of 15.3 percent, while Dallas, San Antonio, and Houston saw decreases of 5.9 percent, 4.4 percent, and 3 percent, respectively. These price drops indicate the real estate industry is still in the process of recovering from the price correction observed in the second half of 2022.

Because of the price correction, housing appreciation slowed. The Texas Repeat Sales Home Price Index accounts for compositional price effects and provides a better measure of change in single-family home values. The Texas index was mostly the same, gaining 0.1 percent year over year (YOY). The only metro with annual appreciation was Houston, which recorded a 1.5 percent YOY increase. Similar to the state’s median price trend, the four metros all recorded steady growth for the past five consecutive months.

Mortgage rates typically follow Treasury rates. The ten-year U.S. Treasury Bond yield grew 11 basis points MOM to reach 3.6 percent. Likewise, the Federal Home Loan Mortgage Corporation’s 30-year fixed-rate increased moderately to 6.43 percent, up nine basis points from April.

____________________
* All measurements are calculated using seasonally adjusted data, and percentage changes are calculated month over month, unless stated otherwise.

Source – Joshua Roberson, Weiling Yan, and Koby McMeans (July 11, 2023)

https://www.recenter.tamu.edu/articles/technical-report/Texas-Housing-Insight

Stuff-the-Bus

Republic Title’s Annual Stuff The Bus School Supply Drive

by Inside Republic Title

We are excited to kick off our Annual Stuff the Bus School Supply Drive  and invite you to join us in donating school supplies for local children in need! Each Republic Title office has a collection box and we will be collecting from Monday, July 10th – Monday, July 31st.

Most needed items:

  • Composition notebooks
  • Glue sticks & glue bottles
  • Crayons
  • Pencil sharpeners
  • Dry eras markers with fine tip
  • Plastic folders with brads
  • Fidget toys
  • Small toys for student incentive store

Feel free to purchase in store and bring to any Republic Title office or purchase from our Amazon list

Thank you for helping us ensure every child has the tools they need in order to succeed this school year!

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July Class Calendar

by Ask the ExpertEducationSocial MediaTechnology

Republic Title is pleased to offer a variety of continuing education classes for our customers. Join us in July for classes including:

Instagram Reels for Real Estate Agents
If you’re looking to connect with more buyers and sellers while growing your brand, then Instagram Reels could be for you. Reels is a powerful way to cast a larger net to grow your followers and to showcase your listings to a wider audience. In this course you will learn the quick and easy steps to create a reel and given examples of content ideas so you can get started today.
July 11th
11:30 am – 12:30 pm
Reunion, 121 Shoreview Drive, Rhome TX 76078

Online Contracts via zipForm®
Join us to learn the basics of using Lone Wolf Transactions, zipForm® Edition (formerly zipForm® Plus). zipForm® enables real estate agents to quickly and efficiently create digital transaction files, complete and fill in contract details, attach documents and even get them electronically signed by buyers, sellers and other parties involved in a real estate transaction.
July 12th
10:00 am – 12:00 pm
Zoom

Hit the Road with the MLS-Touch App
Deals are made on the road. MLS Touch is the most advanced Mobile MLS app for agents! Come to this class to learn how to use this tool like a pro from the first time you log in. Seamless integration with Matrix, OneHome Portal, Realist Tax and more. Set up your own branded app to share with clients and on social media.
July 12th
2:00 pm – 3:00 pm
Zoom

Dominate Your Neighborhood Using Realist® Tax
Become an expert on your neighborhood by learning how to efficiently use Realist® Tax, available in your NTREIS Matrix dashboard, to its full potential!
In this class, you’ll learn how to use Realist® Tax to:
– Research listings and off-market property information
– Assess market conditions and trends
– Identify comparable sales
– Market to buyers and sellers
– Create custom exports for spreadsheets and mailing labels
July 19th
10:00 am – 11:00 am
Zoom

Instagram Reels for Real Estate Agents
If you’re looking to connect with more buyers and sellers while growing your brand, then Instagram Reels could be for you. Reels is a powerful way to cast a larger net to grow your followers and to showcase your listings to a wider audience. In this course you will learn the quick and easy steps to create a reel and given examples of content ideas so you can get started today.
July 19th
2:00 pm – 3:00 pm
Zoom

Escape Hatches For Buyers
APPROVED TREC CONTRACT COURSE
In this class licensees will become familiar with specific conditions & contingencies within the contract and related addenda that, if not adhered to, could result in a Buyer’s valid termination of the contract.
July 20th
10:00 am – 11:00 am
Zoom

Attract New Clients Using MLS Tools
Join us and discover a number of ways to use the tools provided by the MLS to help with consumer interest which can likely turn into sales and full-fledged customers.
July 25th
10:00 am – 12:00 pm
Republic Title Prosper Office

Escape Hatches For Buyers
APPROVED TREC CONTRACT COURSE
In this class licensees will become familiar with specific conditions & contingencies within the contract and related addenda that, if not adhered to, could result in a Buyer’s valid termination of the contract.
July 25th
10:00 am – 11:00 am
Republic Title Preston Legacy Office

Creative Financing Pitfalls in a High Interest Market
APPROVED TREC CONTRACT COURSE
In this class licensees will become familiar with specific conditions & contingencies within the contract and related addenda that, if not adhered to, could result in a Buyer’s valid termination of the contract.
July 26th
10:00 am – 11:00 am
Zoom

Target Professionals Using LinkedIn
With nearly 700 million members across the world, LinkedIn has changed the way professionals connect with their colleagues and network for business. With one in three professionals active on LinkedIn, you are sure to engage in meaningful business connections and generate leads when you use LinkedIn. Join us to learn how to become a proficient user, how to grow your connections and how to leverage LinkedIn in your real estate business.
July 26th
10:00 am – 12:00 pm
Republic Title Preston Legacy

Slide1

May 2023 DFW Area Real Estate Stats

by ResourcesStatsVideo

Days on market have surged over 100% in each county we report on indicating that homes are selling far more slowly than they were in 2022. In Rockwall County, the average days on market is 62 days – that’s an increase of 226.3% over 2022. According to the Dallas Business Journal, Dallas-Fort Worth ranked fourth in the U.S. for the largest increase in days on market in May.  New listings are down across the board over 2022.  The demand for homes in North Texas is still robust and it remains a tough market for buyers. If you’re considering selling or know someone who is, now is the perfect moment to take advantage of the high demand!

Our stats infographics include a year over year comparison and area highlights for single family homes broken down by county. We encourage you to share these infographics and video with your sphere.

For more stats information, pdfs and graphics of our stats including detailed information by county, visit the Resources section on our website at DFW Area Real Estate Statistics | Republic Title of Texas.

For the full report from the Texas A&M Real Estate Research Center, click here. For NTREIS County reports click here.