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3 Things You Need To Know About Title Commitment

by Ask the ExpertEducationResourcesVideo

Looking for the inside scoop on title and real estate? Look no further than our new Three Things video series where we will highlight three things you should know about various title and real estate topics.

First up is Republic Title’s Janet Allen and Matt Visinsky discussing the 3 things you need to know about the Title Commitment. They cover what the title commitment is and the three key parts of the Title Commitment: Schedules A, B and C.

For more information, check out our blog post on the ABC’s of the Title Commitment: https://www.republictitle.com/the-abcs-of-title-commitment/

March 2023

March 2023 DFW Area Real Estate Stats

by ResourcesStatsVideo

March 2023 stats are in and we have the numbers! The North Dallas real estate market is seeing some interesting trends! Active listings in Collin, Denton, and Rockwall counties are up over 50% from last year, while the price per square foot has fallen across all counties. This means there are more options available for homebuyers looking to make a move in 2023. Interestingly enough, the list prices have fallen ever so slightly in all counties except Rockwall. Does this signal a shift to a more buyer-friendly market? Inventory will be the deciding factor, so stay tuned for stats this summer to see!

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.

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February 2023 DFW Area Real Estate Stats

by ResourcesStatsVideo

Attention home buyers and sellers! The February real estate stats are in and it’s important to stay informed. Active listings are up in every county compared to last year, providing more choices for home buyers. However, days on market are also up in every county, indicating a more competitive market for sellers. In Dallas County, new listings are down 7.4% from last year, but Collin County and Denton County are seeing an increase in new listings. It’s a unique moment in the housing market, so stay informed before making any decisions!

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.

Homestead-Exemptions

Homestead Exemptions

by ResourcesVideo

In our newest video, Republic Title’s Sheri Groom and Matt Visinsky discuss what you need to know about homestead exemptions. A homestead is a house or other residential structure that is used for residential purposes. To qualify for homestead in Texas the owner must be an individual (a corporation or other business entity cannot have a homestead), and use the home as his or her principal residence.

Listen in as Republic Title’s Sheri Groom and Matt Visinsky explain:

  • What is a homestead?
  • What are some of the benefits and protections of homesteads?
  • Who can apply for a homestead exemption?

For more informative videos from the Republic Title Legal Team, check out our YouTube channel: https://youtu.be/OHUe02-4c4c

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January 2023 DFW Area Real Estate Stats

by ResourcesStatsVideo

January 2023 stats are in!

In January 2023, new listings are up in all North Texas counties that we report on over December 2022 so the much-needed inventory is coming to market.

Active listings are up across the board compared to this time last year ranging from 71% increase in Dallas County to 195% increase in Denton County. Compared to January 2022, average sales price has increased in each county except Denton which was down slightly.

Dallas is expected to be the top buyer’s market in the nation by year-end 2023 so all eyes are on the Spring selling season!

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.

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2022 DFW Real Estate Year-End Stats at a Glance

by ResourcesStatsVideo

Our second annual stats report of the DFW real estate market is here!

We’ve taken our monthly stats-at-a-glance reports from January through December of 2022, totaled, averaged, and compared the data to the numbers from 2021.  The result is an annual report of the DFW real estate market in 2022.  

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

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August 2022 DFW Area Real Estate Stats

by ResourcesStatsVideo

August 2022 Stats are IN! Here are the highlights! In Collin County New listings are slightly down, while Active listings are up quite a bit from last year. The days on market, average sales price and price per square foot are also up as we are all aware, with the actual number of sales down about 21% from 2021. In Dallas County, the new listings are also down slightly with Active listings up with similar percentages to Collin County. The days on market, average sales price and price per square foot are also up in Dallas with the number of sales down about 15% from last year. The statistics are about the same in Denton and Rockwall counites as you can see. In summary, while the market is definitely slower than 2021, we are still experiencing a shortage of homes for sale in the entire metroplex which makes it a great time be in the business in North Texas! Happy sharing and selling!

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.

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July 2022 DFW Area Real Estate Stats

by Real Estate ArticlesResourcesStatsVideo

July stats are here and we have the numbers! 

Home prices continue to increase in North Texas! Collin County leads the pack with an average price of $602,166 which is up 19.2% over July 2021. According to a report from Texas Realtors, house prices are climbing faster in North Texas than they are in any other Texas metro area. The good news is that active listings are also up in each county including 3,532 active listings in Collin County (up 69.1% over July 2021) to 3,370 active listings in Denton County (up 77.4% over July 2021).  

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.

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June 2022 DFW Area Real Estate Stats

by Real Estate ArticlesResourcesStatsVideo

June stats are here and we have the numbers! 

In June, home inventory increased in each county with new listings up ranging from 6% to 32% over June 2021. There is also an increase in inventory compared to last month in each county which is welcome as the DFW housing market has experienced tight supply conditions for some time. Average sales prices are up ranging from 15% in Dallas County to 27.9% in Collin County compared to June 2021. According to the Home Buying Institute, we are still in a seller’s market, but “these recent trends should make things a bit easier for buyers going forward”.

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.

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May 2022 DFW Area Real Estate Stats

by Real Estate ArticlesResourcesStatsVideo

May stats are here and we have the numbers! 

Inventory is increasing with new listings up in Collin, Dallas, Denton, and Tarrant Counties over April 2022. Average sales prices are up ranging from 14% in Dallas County to 26% in Rockwall County compared to May 2021. Average days on market across the five counties in North Texas was 18 days which is down in each county over 2021. According to the Dallas Business Journal, the DFW housing market had the largest increase in the close-to-list price ratio (average value of the sales price divided by the list price for each transaction) in the U.S. year-over-year with a close-to-list ratio of 104.7% compared to 98.4% in May 2021.

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.