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Buyers and Sellers

Supreme Court Ruling Stands to Strengthen Private Property Rights

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.

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July 2019 Fort Worth Housing Report

Fort Worth home sales decreased 3.9 percent to 1,244 homes in July 2019. The median price for Fort Worth homes increased 0.1 percent year-over-year to $230,282 in July 2019.

"July saw home prices continue to stabilize," said Moiri Brown, 2019 President of the Greater Fort Worth Association of REALTORS®. "Sales were still down, but we are seeing more homes come onto the market. This could be beneficial to buyers that were previously priced out of the market.”

Fort Worth’s monthly housing inventory was 2.7 months in July 2019, 0.2 months more than 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 35 days on the market in July 2019, six days more than July 2018. Additionally, active listings increased 4 percent to 2,868 listings during the same time frame.

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A Guide to Buying and Selling a Home

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.

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Texas international home sales top $18 billion

Posted on August 15, 2017 by Texas Association of REALTORS®

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.”

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