Connect with us

Texas

Texas Home Sales Remain Steady in the First Quarter of 2024

Published

on

Texas Home Sales Remain Steady in the First Quarter of 2024


Texas Realtors Q1-2024 Texas Quarterly Housing report also showed an increase of homes on the market.

AUSTIN, Texas, April 24, 2024 /PRNewswire/ — The number of Texas homes sold in the first quarter of 2024 was nearly identical to the total in the first quarter a year ago, according to the Texas Quarterly Housing Report released today by Texas Realtors. The supply of homes on the market increased, while the statewide median price of $330,950 was 1.6% higher than in 2023.

“Market conditions vary by location, and about forty percent of Texas metro areas actually saw an increase in sales compared to the first quarter last year,” said Jef Conn, chairman of Texas Realtors. “However, the number of homes listed went up nearly across the state. This will give many buyers more options than they had in the past several years.”

Median Prices Mostly on The Rise in Q1-2024

  • Median price went up in 19 metros and down in 6.
  • No metro had a median price decrease of more than 2.3% compared to a year ago.
  • The biggest increase in median prices were in Odessa (11.2%), Midland (9.5%), and Texarkana (8.5%).

More Listings Went on the Market, Driving Months of Inventory Higher
Months of inventory, a statistic that measures how long it would take to sell the homes currently on the market at the current pace of sales, increased from 2.7 months at the end of the first quarter last year to 3.8 months at the end of the first quarter this year. While a few metros had inventory numbers economists consider a balanced market (6 to 6.5 months of inventory), most areas of Texas still recorded inventory levels below that number, indicating that an adequate supply of housing continues to be a concern.

Active listings increased 33.7% at the end of the first quarter compared to the end of the first quarter in 2023.

Advertisement

Homes spent two fewer days on the market statewide compared to the same period last year. Days on market went up in 16 metros and declined in 9.

“Realtors are working with buyers and hearing from lots of others who are considering buying,” said Conn. “During the pandemic, buyers often were rushed, trying to compete with many other offers. Now, most buyers have a little more time to vet properties and make an offer. While interest rates have remained stubborn, there are good opportunities for buyers. For sellers, prices have held up compared to a year ago, signaling good opportunities to sell. No matter which side of a home sale you’re on, it’s smart to work with a Texas Realtor who can provide information and guidance.”

About the Texas Real Estate Year in Review Report

Data for the Texas Quarterly Housing Report is provided by the Data Relevance Project, a partnership among local Realtor associations and their MLSs, and Texas REALTORS®, with analysis by the Texas Real Estate Research Center. The report provides quarterly real estate sales data from a statewide perspective and for 25 metropolitan statistical areas in Texas. To view the report in its entirety, visit texasrealestate.com.

About Texas REALTORS®

Advertisement

With more than 150,000 members, Texas REALTORS® is a professional membership organization that represents all aspects of real estate in Texas. We are the advocate for REALTORS® and private property rights in Texas.

CONTACT: David Gibbs, [email protected]

SOURCE Texas Realtors



Source link

Advertisement
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Texas

Texas AG secures 23andMe bankruptcy settlement after 2023 data breach

Published

on

Texas AG secures 23andMe bankruptcy settlement after 2023 data breach


AUSTIN – Texas Attorney General Ken Paxton said Wednesday he has secured a settlement of bankruptcy claims against genetic testing company 23andMe stemming from a 2023 data breach that exposed personal information, including some genetic ancestry data, of 6.9 million customers worldwide.

Paxton’s office said the settlement includes $150 million for a multistate coalition of 42 states. But because of limited funds in 23andMe’s bankruptcy estate and competing claims, the states’ recovery will be $18 million paid immediately, with Texas receiving $1,266,860.

23andMe disclosed in October 2023 that attackers had accessed accounts affecting 6.9 million consumers. Some of the information was later posted for sale on the dark web, according to Paxton’s office, which said the company learned of the breach months after the data became publicly available. The office said 23andMe initially denied a breach and later blamed consumers’ account settings and password practices.

Paxton joined a multistate investigation that concluded 23andMe used unreasonable security practices and failed to implement adequate safeguards against hacking, the office said.

23andMe filed for bankruptcy protection in March 2025. Paxton’s office said the settlement incorporates privacy and cybersecurity requirements, including enhanced security standards, comprehensive risk assessments and creation of an independent advisory board, along with enforcement of state privacy laws and continued consumer data deletion rights.

“Companies that collect and profit from Texans’ most personal information have a legal duty to protect it,” Paxton said in a statement.

Advertisement

The company also agreed to a $46.75 million class-action settlement in the bankruptcy case for affected U.S. consumers who submitted claims by Feb. 17, 2026, Paxton’s office said.

Copyright 2026 by KPRC Click2Houston – All rights reserved.



Source link

Continue Reading

Texas

Texas Makes Announcement Featuring Arch Manning

Published

on

Texas Makes Announcement Featuring Arch Manning


The college football season is approaching quickly, and the Texas Longhorns are one of the most intriguing teams entering 2026.Head coach Steve Sarkisian has assembled a roster loaded with talent. However, quarterback Arch Manning remains the team’s biggest storyline as he enters his fourth season with the program.This will be just Manning’s second year as […] The post Texas Makes Announcement Featuring Arch Manning appeared first on HEAVY.



Source link

Continue Reading

Texas

Texas Quietly Fixed One Problem That Used to Cost the Longhorns Games

Published

on

Texas Quietly Fixed One Problem That Used to Cost the Longhorns Games


The Texas Longhorns entered the 2025 season with more expectations than any team has had to deal with in recent memory.

Many among the media were ready to crown the team and quarterback Arch Manning before they even played one game. Of course, those unrealistic expectations were never met, even though the team finished with a 10-3 record and a Citrus Bowl win over the Michigan Wolverines.

2026 is heading in the same direction for the Longhorns. Many believe head coach Steve Sarkisian has the most talented team in the country. But in order to fix the issues from this past season, the Longhorns needed to fix one issue that has cost them in the past.

Advertisement

Changing The Narrative

Ohio State Buckeyes linebacker Arvell Reese (8) tackles Texas Longhorns quarterback Arch Manning (16) on a run in the first quarter of their game at Ohio Stadium in Columbus, Ohio on Aug 30, 2025. | USA TODAY Network via Reuters Connect
Advertisement

One of the biggest issues the Longhorns had last season was the play of the offensive line. It was apparent in the first game of the season against the Ohio State Buckeyes that Manning didn’t have the pocket time needed to make big plays.

Advertisement

This offseason, Coach Sarkisian went out and found two massive transfer portal additions that should completely change the narrative on this offensive line.

Sep 27, 2025; Winston-Salem, North Carolina, USA; Wake Forest Demon Deacons offensive lineman Melvin Siani (71) blocks Georgia Tech Yellow Jackets defensive lineman Jordan van den Berg (99) during the fourth quarter at Allegacy Federal Credit Union Stadium. Mandatory Credit: Zachary Taft-Imagn Images | IMAGN IMAGES via Reuters Connect
Advertisement

It starts with potential starting right tackle Melvin Siani. Siani has spent time with the Temple Owls and last season with the Wake Forest Demon Deacons.

Advertisement

The Longhorns are set at left tackle with Trevor Goosby, who could play himself into being a top 10 pick in the 2027 NFL Draft. If the team can get competent play from Siani, the offense will be able to open up the playbook, and the world may finally see Manning at his college peak.

Oct 25, 2025; Starkville, Mississippi, USA; A Texas Longhorns helmet sits on the field prior to the game against the Mississippi State Bulldogs at Davis Wade Stadium at Scott Field. Mandatory Credit: Petre Thomas-Imagn Images | IMAGN IMAGES via Reuters Connect
Advertisement

The Longhorns also went out and found a potential fix at left guard for the 2026 season. Western Kentucky Hilltoppers transfer Laurence Seymore could be another strong patch for the holes in the offensive line.

Advertisement

After spending the first two seasons of his college career with the Miami Hurricanes, Seymore made stops with the Akron Zips and the Hilltoppers.

Of course, the one concern with Seymore is wondering if he can compete at the SEC level coming from the C-USA.

Advertisement

Nov 22, 2025; Austin, Texas, USA; Texas Longhorns quarterback Arch Manning (16) throws a pass during the second half against the Arkansas Razorbacks at Darrell K Royal-Texas Memorial Stadium. Mandatory Credit: Scott Wachter-Imagn Images | IMAGN IMAGES via Reuters Connect

Advertisement

This season for the Longhorns starts and stops with the play of Manning. Coach Sarkisian and the rest of this coaching staff understood that protecting their quarterback was the most important goal when building the 2026 roster.

The Longhorns are going to be leaning on veteran talent to protect their quarterback, and it may very well be the best decision they made this offseason.

Sign up to our free newsletter and follow us on Facebook, X and Instagram for the latest news. 

Add us as a preferred source on Google





Source link

Advertisement
Continue Reading
Advertisement

Trending