August 2021 DFW Area Real Estate Stats

by Real Estate ArticlesResourcesStatsVideo

August 2021 North Texas real estate stats are out and we’ve got the numbers! Our stats infographics include a year over year comparison and area highlights for single family homes and condos broken down by MLS area. We encourage you to share these infographics and video with your sphere.

August 2021 is a wrap and the stats are out!  In reviewing the five counties of Collin, Dallas, Denton, Rockwall and Tarrant, new listings were down an average of 4.48% compared to 2020, while active listings were down almost 33%.  The days on market averaged out to 16, proving once again that the lack of inventory is still a factor in North Texas.  What is up are the average sales prices and thus the price per square foot with the highest gain in Dallas county, up 58.2% from last year.  The numbers don’t lie, we are still enjoying a strong seller’s market in the DFW Metroplex!  Happy Selling!

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

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

July 2021 Stats Blog Header

July 2021 DFW Area Real Estate Stats

by Real Estate ArticlesResourcesStatsVideo

July 2021 North Texas real estate stats are out and we’ve got the numbers! Our stats infographics include a year over year comparison and area highlights for single family homes and condos broken down by MLS area. We encourage you to share these infographics and video with your sphere.

New listings are staying on par with where they were in July 2020, in Collin, Dallas, and Denton counties, down just slightly. However, in Rockwall and Tarrant listings are up an average of about 10%. The average sales prices across all five counties have risen to an average of about 20% above last years’ listing prices. The numbers don’t lie, the summertime market in North Texas is still hot!

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 https://www.republictitle.com/residential-resources/

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

Stats Video June 2021 Thumbnail

June 2021 DFW Area Real Estate Stats

by Real Estate ArticlesResourcesStatsVideo

June 2021 North Texas real estate stats are out and we’ve got the numbers! Our stats infographics include a year over year comparison and area highlights for single family homes and condos broken down by MLS area. We encourage you to share these infographics and video with your sphere.

New listings are almost exactly where they were in June 2020 and down an average of just 3% in all five counties. Interestingly, the number of sales are up in only Collin and Dallas counties and down an average of 8% in Denton, Rockwall and Tarrant counties. The average sales price has risen to an average of over 25% across all counties. As it’s been all summer long, it is a great time to be a seller in the North Texas real estate market, so now is the time to list if you’ve been on the fence.

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 https://www.republictitle.com/residential-resources/

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

Evaults-&-Enotes

eVaults and eNotes

by Digital SettlementReal Estate ArticlesResourcesTitle InformationVideo

What does a vault have to do with an eClosing? Plenty. As eClosings become more common, fundamental elements of the mortgage process will change. For example, instead of a paper promissory note, you may have an eNote and eVault. The note is one of the key lender documents within a loan package that borrowers sign at closing. It’s the borrower’s written promise to repay the loan within the specified term. The note is also very important to investors who buy and sell them on the secondary market. The note plays an important part in a mortgage backed security. Think of an eNote as the electronic version of a paper note. The eNote gets electronically signed instead of wet signed at closing. You must be able to identify the original version of the eNote. Think of the electronic version as a PDF. There could be infinite versions of it floating around. How do investors know the version they are buying is the original?  To solve this, the mortgage industry got smart and did two things:

  1. They created the MERS eRegistry, the legal system of record for identifying the controller and location of the authoritative copy of the eNote.
  2. Created standards for how to store eNotes in something called an eVault.

eVaults are technology platforms that are built to support the handling, status, and storage of eNotes. They always have integrations to the MERS eRegistry and often have integrations to other eVaults and trading partners. The MERS eRegistry is the librarian of the eNote world. It tracks who controls each eNote and in which eVault it is stored. When a lender creates an eNote, they register it with the MERS eRegistry  which notifies the librarian of the controller and location of the eNote. If you are exposed to an eNote, now you know what a vault has to do with it.

For more information on eClosings, visit www.republictitle.com/evolve

Click here to go to our YouTube page to see more of our helpful videos. 

eVaults and eNotes

Fair Housing Awareness

Fair Housing Awareness in a Strong Sellers Market

by Ask the ExpertReal Estate ArticlesResourcesVideo
Next up is the third and final video in our series on navigating a strong seller’s market where we discuss those buyer “love letters” that sometimes accompany contracts in a multiple offer situation.
 
Key takeaways:
– They can bring legal trouble to the seller
– Selling agents should let buying agents know that they will not accept them
– There are similar implications that sellers need to be aware of in regards to home surveillance systems in the home that are recording during showings
 
For the first and second videos in this series and other informative real estate and title videos, visit our YouTube page at youtube.com/republictitle
 
For more information or to get in contact with your Business Development Representative at Republic Title visit: https://www.republictitle.com/residen​​… To download our top resources to boost your business visit: https://www.republictitle.com/residen​​… SUBSCRIBE to the Republic Title YouTube channel: https://www.youtube.com/c/republictit​​…
May-2021-Blog-Stats-Graphic

May 2021 DFW Area Real Estate Stats

by Real Estate ArticlesResourcesStatsVideo

May 2021 North Texas real estate stats are out and we’ve got the numbers! Our stats infographics include a year over year comparison and area highlights for single family homes and condos broken down by MLS area. We encourage you to share these infographics and video with your sphere.

It’s not only HOT outside, the market is still red hot across all five counties!  New listings were down an average of 15% compared to May of 2020 In Dallas, Tarrant and Rockwall counties, with Collin County enjoying a slightly less comparison of almost 6%. Interestingly, the number of sales are up in every county, along with the averages sales prices rising over 20% in all counties.  It is still a great time to be in the game here in North Texas!  Please reach out to us at Republic Title for helpful resources or visit www.republictitle.com  or download our app!

To see past month’s reports, please visit our resources section here.

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

Navigating Multiple Offers

Navigating Multiple Offers in a Strong Sellers Market

by Real Estate ArticlesResourcesVideo
Next up in our video series on navigating a strong seller’s market, we discuss multiple offers. Whether you’re a buyer’s agent trying to write the strongest possible offer for your clients, or you’re the listing agent with an email box full of offers, there are important things you both need to consider outside of just the sales price.
 
Key takeaways: – Seller’s agents: Use the Invitation for a new Offer form to get your clients their “ideal” offer. – Buyer’s agents: Set reasonable time expectations of the process before you write an offer that will not be able to meet an improbable timeline.
 
For the first video in this series and other informative real estate and title videos, visit our YouTube page at youtube.com/republictitle
 
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April 2021 DFW Area Real Estate Stats

by Real Estate ArticlesResourcesStatsVideo

April 2021 North Texas real estate stats are out and we’ve got the numbers! Our stats infographics include a year over year comparison and area highlights for single family homes and condos broken down by MLS area. We encourage you to share these infographics and video with your sphere.


We can all feel the heat of the market these days and the active listings on the market in April prove it. Active listings are down over 60% from last year across the five counties of Collin, Dallas, Denton, Rockwall, and Tarrant. Collin, Dallas, Denton, and Tarrant counties saw a slight increase in new listings coming on the market compared to 2020 at an average of 18%. Rockwall’s new listings for April are down approximately 4% compared to 2020. Also of note, the days on market for all five counties is at an average of 22 days, while the average sales prices continue to soar at well over 20%, with Rockwall being the exception, coming in at 16.8%.

 

What a time to sell and buy in North Texas!


To see past month’s reports, please visit our resources section here.


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

The NEw World of eclosings

The New World of eClosing

by Digital SettlementResourcesTitle InformationVideo

Welcome to the world of eClosing!  There are many new terms to become familiar with when discussing digital settlement and eClosings. The transition to eClosing has created a plethora of new terms including In-Person eClosing, Remote Online Notarization, RON, Hybrid eClosing, etc. and we want to help you get familiar with the language and how it all works.

A few questions that will come up when discussing eClosings are:

1.     When are we signing?

2.     Where are we signing?

3.     How are we signing?

What is eVolve?

eVolve is Republic Title’s Digital Settlement and Signing Services Division and provides a new, convenient, and alternative experience in buying/selling real estate. Republic Title is leading this transformation and developing innovative and secure ways to evolve this process for our customers. Technology and added convenience are constantly changing the way people conduct business. When our customers have scheduling conflicts — whether it’s a busy day in the office or traveling on vacation — Republic Title is able to facilitate the transaction through one of our premium closing services, either at a place of business through our Mobile First experience or through our Remote Online Notary eClosing experience. Our dedicated team of professionals will provide our customers with a clear understanding of what is being signed and why it’s needed, ensuring a worry-free closing from anywhere in the world. For more information about eVolve or eClosings, visit our website at: https://www.republictitle.com/evolve

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March 2021 DFW Area Real Estate Stats

by Real Estate ArticlesResourcesStatsVideo

The March 2021 DFW area real estate statistics are in and we’ve got the numbers! Our stats infographics include a year over year comparison and area highlights for single family homes and condos broken down by MLS area. We encourage you to share these infographics and video with your sphere.

To see past month’s reports, please visit our resources section here.

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