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GROWING PAINS: Post-COVID population shift centers on the Highland Lakes One of the more than 230 families that visited model homes at Gregg Ranch by Pulte Homes in Marble Falls during the development’s first open house April 17. The subdivision plans 750 single-family homes and 250 multi-family residences in its 240-acre, master-planned community. Courtesy photo Homebuilding in the Highland Lakes has never been busier, but it can’t keep up with a rising demand from newcomers looking to move to the area, according to several local leaders in the construction and real estate industries. “This is the most growth we’ve ever seen, even when my grandfather started the business,” said Matt Winsborough of Winsborough Construction, a company that has been specializing in custom homes and remodels in the Highland Lakes for three generations. Winsborough is president of the Hill Country Builders Association, a not-for-profit profes ....
In crazy housing market, even many sellers think their property is overpriced Almost 30% of D-FW homes fetch more than list price. North Texas home prices have shot up by 18% in the last year.(Steve Brown ) 6:00 AM on May 19, 2021 CDT With home prices in Dallas-Fort Worth setting records every month, sellers are getting even bolder with their asks. Homes sold by real estate agents in North Texas are already selling on average at prices greater than the list prices. Even many sellers think people are paying more than their properties are worth. Realtor.com found that 29% of sellers are asking more for their properties than they think they’re worth. And in many cases, they’re getting it. ....
Sales of rural properties in North Texas are surging, much like the phenomenon of residential home sales in cities and towns. “Booming countryside sales that marked the third and fourth quarters of last year were just a prelude to what’s happened so far in 2021,” according to the Texas Real Estate Research Center. “In the aftermath of the COVID-induced economic lockdown, 2021 Texas rural land markets have exploded in a burst of activity,” said Dr. Charles Gilliland, research economist and rural land expert for Texas A&M University. Ann Bishop, broker and partner in the Bishop Realtor Group in Wichita Falls, is seeing the same thing. ....
North Texas home sales and prices revved higher in April Home sales jumped 28% from a year ago as prices set a new record. Real estate agents have sold more than 33,000 North Texas homes in the first four months of 2021.(Steve Brown ) 6:00 AM on May 10, 2021 CDT North Texas’ runaway housing market headed into the spring buying season with unheard-of increases in sales and prices. Real estate agents sold 10,152 single-family homes in April 28% more than a year earlier. Condominium sales more than doubled. And the median single-family sales price set a record at $325,000, 18% higher than in April 2020, according to the latest data from the Texas Real Estate Research Center and North Texas Real Estate Information Systems. ....