House hunters’ lament: Rising prices and scarce listings roil Dallas-area buyers
Putting a roof over your head has never been harder with fierce competition for homes.
Mackenzie Larch (left), a Realtor with Ebby Halliday, looks on as Kelsey Hand (center) and her husband Steven from Champaign, Ill., check out the kitchen at an open house at 1600 Commerce Drive in Plano on Thursday.(Stewart F. House / Special Contributor)
He’s still not willing to give up.
“I’ve made seven or eight offers,” said Muff, who’s renting in Addison. “I keep missing out.
“I’m going to keep looking. I’m tired of living in an apartment.”
Is San Antonio in a housing bubble? Economists and Realtors don t think so
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Construction of new homes is increasing in San Antonio and nationwide.Kin Man Hui / Staff photographer
San Antonio’s housing market is sizzling, conjuring memories of the sales boom before the last big bust.
During the coronavirus pandemic, prices and sales have surged as buyers seize on low interest rates and seek more space as they adjust to working from home.
The median price of a house sold in the area jumped 12 percent to $268,500 in March, according to the San Antonio Board of Realtors. Houses lasted an average of just 45 days on the market, down about 35 percent from 69 days a year ago.
The pandemic had numerous after-effects, among them, the rising cost of lumber and building materials, creating problems for East Texas home builders and re-modelers. Though new home construction has increased since February, lumber and other variables are making doing business a challenge.
D-FW leads Texas in home sales dallasnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dallasnews.com Daily Mail and Mail on Sunday newspapers.
by Robert Davis, The Center Square | April 23, 2021 12:00 PM Print this article
Texas median home prices eclipsed $274,000 during 2021 s first quarter, according to the latest figures from a realtor organization in the state.
Overall, 84,464 homes were sold statewide during the first quarter, representing a 10.1% increase from the same time last year, according to Texas REALTORS quarterly housing report. The rise in home prices also represents a 13.4% year-over-year increase. The demand for housing in Texas remained strong despite the winter storm in February and the pandemic, said Marvin Jolly, the group s chairman. With a low supply of homes for sale, though, prices in most areas have gone up significantly, and competition among buyers has increased as well,” he continued.