gfwar 
For months, we’ve been talking about changes coming to the real estate industry as the result of a national settlement agreement related to broker commissions. That time is finally upon us. Starting on August 17, there are two important changes related to how we conduct our business. First, offers of compensation will be prohibited from … Read more
Fort Worth had 3.5 months and Tarrant County had 3.2 months of inventory in June, both higher numbers than have been seen in a decade. The steady increases are starting to tilt the market in favor of the buyer, who now finds themself with more options to choose from. While inventory has rebounded, home prices … Read more
Fort Worth had 3.2 months of housing inventory in May, and Tarrant County had 3.1 months. Inventory indicates the number of months it would take for the existing supply of homes on the market to sell given the current sales pace. Over the last several years, that number had dipped to less than one month. … Read more
“The number of applications received by the Foundation grew 44-percent from last year, so it was not an easy task to narrow the list down to these three exceptional recipients,” said Mary Margaret Davis, Educational Foundation Board President. “We are proud to be able to support Ryan, Nathanael, and Jordan as they embark on their … Read more
Active listings were up 25.4 percent in Fort Worth and 28.7 percent in Tarrant County. However, closed sales were down 2.2 percent in Fort Worth and 4.1 percent in Tarrant County. Inventory has been steadily climbing over the last several months to 2.5 months in Fort Worth and 2.4 in Tarrant County. The Texas Real … Read more
“As expected, due to stay at home guidance, closed sales are down by almost one fourth compared to last year.” said Shelby Kimball, 2020 President of the Greater Fort Worth Association of REALTORS®. “However, active listings declined less than 3% and prices rose by 6.2% We expect prices to remain stable or rise, and as … Read more
Inventory stayed at 0.9 months, which was 1.4 months less than April 2020. 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. “More sellers are starting to emerge, but so are more buyers looking to take advantage of … Read more
Charles McMillan The late Charles McMillan, the first Black president of the National Association of REALTORS®, guided the organization through a difficult economic downturn in 2009. Before becoming NAR President, he was President of GFWAR in 1991 and Texas REALTORS® in 1998. Charles’ hardscrabble childhood, in which he spent his years living and working on … Read more
The 0.6 months of inventory number is a stark contrast to 6.5 months of inventory, which is the number that represents a market in which supply and demand for homes is balanced, according to the Texas Real Estate Research Center at Texas A&M University. “We have an intense buyer competition going on with an incredibly … Read more
The Texas Real Estate Research Center at Texas A&M University cites that 6.5 months of inventory represents a balanced market, which means inventory is still extremely low. Compared to last year, when mortgage rates were much lower and buyers were in a panic to get into a home, the 2023 buyer is having a very … Read more