On Friday, the Supreme Court issued its ruling in the case of Knick v. Township of Scott, a decision which NAR believes will lead state and local governments to be more thoughtful and deliberate when developing laws or regulations that could infringe on Americans’ private property rights.
Specifically, Knick v. Township of Scott declared that plaintiffs who have accused local governments of violating the Takings Clause of the U.S. Constitution may proceed directly in federal court rather than first litigating in local circuits, overturning a 34-year old precedent set by a 1985 Supreme Court ruling.
Fort Worth home sales increased 7.3 percent to 1,072 homes in September 2019. The median price for Fort Worth homes increased 1.1 percent year-over-year to $227,000 in September 2019.
"September saw home sales increase, while available listings continue to be a challenge. Prices increased slightly and homes are staying on the market longer," said Moiri Brown, 2019 President of the Greater Fort Worth Association of REALTORS®. "We expect this trend to continue as the real estate market stabilizes from the dramatically high price increases and low number of days on the market in the last couple of years.”
Fort Worth’s monthly housing inventory was 2.6 months in September 2019, the same as the year prior. The Real Estate Center at Texas A&M University cites that 6.5 months of inventory represents a market in which supply and demand for homes is balanced.
Homes spent an average of 41 days on the market in September 2019, seven days more than September 2018. Additionally, active listings decreased 1.4 percent to 2,802 listings during the same time frame.
“The holidays are just around the corner,” said Brown. “While the holiday season tends to slow down, it’s still a great time to sell and avoid increased competition from sellers waiting until after the holidays to put their home on the market.”
The National Association of REALTORS® (NAR) worked throughout the tax reform process to preserve the existing tax benefits of homeownership and real estate investment, as well to ensure as many real estate professionals as possible would benefit from proposed tax cuts. Many of the changes reflected in the final bill were the result of the engagement of NAR and its members
Like finding the right house, selecting a REALTOR® you can trust and comfortably work with is paramount. Just as you wouldn't be casual in the selection of your doctor or your attorney, you shouldn't take the selection of your REALTOR® lightly. Indeed, the best way to find such a professional is through recommendations from family and friends. Of course, you should interview several REALTORS® before you choose one. If you're selling your home, you should ask the candidates how they plan to market your home, what pricing advice they can offer, and what other suggestions they can provide to further enhance the desirability of your home.
The sales dollar volume of international home purchases in Texas totaled $18.66 billion from April 2016 to March 2017, according to the Texas International Homebuyers Report released today by the Texas Association of REALTORS®. Sales dollar volume from foreign homebuyers nearly doubled compared to the previous period of April 2015 to March 2016.
Texas ranked second in the nation for international home sales volume, with 34,135 home purchases by foreign buyers (a 59% increase over the previous period). Texas accounted for 12% of the 284,455 international home sales nationwide.
“This surge in international home sales activity underscores the growing reputation Texas has as a global destination for owning a home or investment property,” says Vicki Fullerton, chairman of the Texas Association of REALTORS®. “The state’s low unemployment, diverse industry base, and world-class higher education institutions are just some of the reasons why international residents seek to attend college, raise a family, or do business in Texas.”