The Dunnican AdVantage

Rockwall Real Estate Market Update - January 2019

Rockwall Real Estate Market Continues to Improve Amid Increasing Inventories
Posted by Cindy Dunnican on March 15, 2019 in  2019 Housing Market  Rockwall Texas
Rockwall Real Estate Market Update - January 2019Rockwall Real Estate Market Continues to Improve Amid Increasing Inventories The Rockwall Median Price increased 8.5% over last year.  We are still in a "seller's market" with only a 2.7 month supply of homes on the market.  The number of Active listings is up 6.8% over January 2018, and the number of closed sales increased 16.3% for the month of January.  While we expect to see an active Spring market with prices continuing to increase, they will... read more
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Rowlett Real Estate Market Update - January 2019

Prices continue to increase even though listing inventories are up and number of sales stayed flat.
Posted by Cindy Dunnican on March 15, 2019 in  2019 Housing Market  Rowlett Texas
Rowlett Real Estate Market Update - January 2019Prices continue to increase even though listing inventories are up and number of sales remained flat. What does this mean?  Our market is normalizing.  The Rowlett Median Price increased 7.2% over last year.  While we are still in a "seller's market" with only a 2.5 month supply of homes on the market, active listings are up 57.4% over January 2018 and the number of sales stayed flat at 49 for the month.  While we expect to see an active Sprin... read more
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What’s Going On with Bidding Wars?

f you are debating selling your home, you may not want to wait for additional competition as inventory continues to rise.
Posted by Cindy Dunnican on March 12, 2019 in  2019 Housing Market  Best Time To Sell  Housing Inventory  Selling A Home
What’s Going On with Bidding Wars? In a strong seller’s market, like the one we have experienced over the past few years, bidding wars are common and expected. This makes sense! A seller’s market is defined as a market in which the inventory of homes for sale cannot satisfy the number of buyers who want to purchase a home. According to the Cambridge English Dictionary, bidding wars occur when two or more parties repeatedly outbid each other as they compete to purchase so... read more
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Why an Economic Slowdown Will NOT Crush Real Estate this Time

The housing market is just “normalizing”. This is a good thing for both buyers and sellers as we move forward.
Posted by Cindy Dunnican on March 11, 2019 in  2019 Housing Market  Buying A Home  Selling A Home  Spring Housing Market
Why an Economic Slowdown Will NOT Crush Real Estate this Time Last week, the National Association for Business Economics released their February 2019 Economic Policy Survey. The survey revealed that a majority of the panel believe an economic slowdown is in the near future: “While only 10% of panelists expect a recession in 2019, 42% say a recession will happen in 2020, and 25% expect one in 2021.” Their findings coincide with three previous surveys calling for a slowdown sometime in ... read more
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2 Reports That Say Now Is a Great Time to Sell

Heading into the spring buying market, there are strong trends starting to emerge.
Posted by Cindy Dunnican on March 10, 2019 in  2019 Housing Market  Selling a Home  Spring Forward  Time To Sell
2 Reports That Say Now Is a Great Time to Sell Heading into the spring buying market, there are strong trends starting to emerge. The inventory of homes for sale has increased on a year-over-year basis for eight months in a row. Home price appreciation has continued to grow, although at a slower rate. The homeownership rate has reached heights last seen in 2014, with millennials and Generation X leading the way! Let’s dive a little deeper into some of the recent reports that have been released and what they... read more
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