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

Next Up – Texas Tech In NYC

Published

on

Next Up – Texas Tech In NYC


Date 12/20 || Time 8:00 || Venue Madison Square Garden || Video ESPN

With the exception of Michigan on February 21st, Duke will finish off non-conference play on Saturday with Texas Tech in Madison Square Garden.

Why the Garden? Well, first because Duke has a lot of alum in the area. They call it Cameron North for a reason. And second, playing in MSG always draws a lot of attention. Duke could play in United Center – and in fact did, facing off against Arkansas there on November 27th – and it doesn’t draw the sort of attention that MSG does.

Years ago, Texas Tech was an afterthought. Then Chris Beard made the Red Raiders a major power and now Grant McCasland has done very well there too. He has an interesting history.

Advertisement

Other than two-year stints at Northeastern JUCO as an assistant and Arkansas State as a head coach, McCasland’s career has been entirely in the Lone Star state. He’s also been at Midland College, Midwestern State, Baylor as an assistant, North Texas and now Texas Tech.

And he’s won everywhere. And this is really important to understand: it’s really hard to win at places like Midland, Midwestern State, Arkansas State and North Texas. His NCAA record is 263-109 (.707) and 142-32 (.816).

For perspective, Mike Krzyzewski’s career winning percentage at Duke is .766. We’re the last people to take anything from Coach K, but even he’d probably admit it’s easier to succeed at Duke than it is at the places McCasland has coached.

Texas Tech finished 28-9 last season (McCasland’s Texas Tech record: 55-21. Winning percentage .724) and so far this season, is 8-3. The losses have come against Illinois (81-77), Purdue (86-56) and Arkansas (93-86).

Arkansas is the only common opponent but Texas Tech also played Wake Forest, so presumably that video will be a two-for-one for scouting purposes.

Advertisement

Impressively, he’s not coaching the same way at Texas Tech as he did at North Texas. With the Mean Green, with less talent, he played a more deliberate style. In Lubbock, he’s opened things up a bit. His offense is a little freer or maybe less structured is a better way to put it, or maybe less deliberate. He has more room for error with Texas Tech.

The unquestioned star for Texas Tech is JT Toppin, a 6-9/230 lb. junior who is a legitimate Player of the Year candidate. Toppin is putting up 21.9 ppg, 10.6 rebounds and 2.0 assists. He’s got a 7-0+ wingspan and is also an excellent defender. He needs to work on his outside game but is widely seen as a future pro. He’ll almost certainly guard Duke’s star Cameron Boozer.

McCaslin also has a solid backcourt with Chris Anderson and Donovan Atwell. Anderson, a 6-3 sophomore from Atlanta, is getting 19.3 ppg, 3.5 apg and an impressive 7.5 assists.

Atwell, a 6-5 senior, is putting up 11.3 ppg, 3 rebounds, a half an assist and 1.3 steals.

LeJuan Watts, a 6-6 junior, averages 14 ppg, 5.9 rebounds and 2.6 assists.

Advertisement

Jaylen Petty is a 6-1 freshman who is getting 26 mpg, so obviously McCaslin trusts him. He’s putting up 7.4 points, 3.2 rebounds and 1.9 assists.

Tyeree Bryan is a 6-5 senior who is getting 5.6 ppg and 3.4 rebounds.

The last guy in the rotation, Luke Bamgboye, is 6-11/220 but he is injured and most likely won’t play Saturday.

McCaslin, clearly, is a brilliant coach, but he has had some issues this year, not least of all defense.

Texas Tech has struggled on the defensive end, which is one thing against Purdue or Illinois, but it was a problem against Northern Colorado (the Rockies UNC), where the Bears scored 90 points on the Red Raiders, shooting 44% on threes and 56% overall.

Advertisement

The Lubbock Avalanche-Journal said this about the game against Northern Colorado: “McCasland hasn’t gotten what he needs defensively from, really, anybody else on the team. He pointed to the team’s lack of ability to guard 1-on-1, in the post, covering switches and working through screens. After a solid defensive showing against LSU and a close game against Arkansas, McCasland said the team took ‘a big step back’ on the defensive end.”

That’s a tough assessment from the hometown paper.

Our guess though is that McCasland will figure out some of his issues between Tuesday’s win over the Bears and Saturday’s trip to New York.

And if Duke plays as poorly as it did in the first half against Lipscomb, Texas Tech won’t have to play great defense. They’ll just pick off balls like the Bisons did with Duke’s 16 first-half turnovers.

Part of that is down to exam/holidays and a lack of continuity, and indeed, that could be the case for Texas Tech’s tough game against Northern Colorado (by the way, we forgot to mention that the Bears were missing their best player, Quinn Denker).

Advertisement

Duke has tended to start slow this year and make it up in the second half and at times they may have been to reliant on Cam Boozer.

But we’ve seen signs of change.

Caleb Foster is turning into a solid presence and a guy who can do things when they need to be done. He’s reliable, in other words. Isaiah Evans hasn’t been shooting that well, but he’s due for a big game that might come in New York. And if not, he’s defending well, rebounding well and even blocking shots. He’s been terrific.

So has Patrick Ngongba, who has sort of snuck up on people. Last year he became a reliable presence off the bench but this year, he looks much more like a warrior. He’s really come on. Then there’s Nik Khamenia, who is as tough a player as we’ve seen in Duke blue for a while.

Maliq Brown is, well, Maliq Brown. He’s just a great asset, especially on defense. We’d like to see Dame Sarr take a step up, along with Darren Harris and Cayden Boozer. All three are very capable of playing better and Duke will go up a level when they do.

Advertisement

New York is a funny place to play. The Garden has such an aura that it can intimidate some players. There are other players who thrive there under the bright lights. It’ll be interesting to see who does this time.



Source link

Continue Reading

Texas

North Texas man gives away 120 Christmas trees after slow sales

Published

on

North Texas man gives away 120 Christmas trees after slow sales


The first year selling trees didn’t go as planned for one North Texas man.

Tim Miller, co-owner of Hidden Honey Farm in Midlothian, still had more than half of his inventory earlier this week. But he made the best of a tough situation.

One after another, families kept Miller busy picking, preparing and packing up trees— just in time for Christmas.

All of a sudden, trees were flying off the lot. But that wasn’t the case just days before.

Advertisement

With more than 100 Douglas firs still standing, Miller said sales had come to a grinding halt.

“Four days straight with no one,” Miller said.

With Christmas quickly approaching, he had a decision to make.

“We have two options: We’re going to have to dispose of 100 plus trees, or I can give them away and somebody will get some use out of them, so that’s what we decided to do,” he said.

On Tuesday, Miller posted on Facebook: “Our first year of selling Christmas trees didn’t go as well as we had hoped for… If anyone doesn’t have a tree, or knows of someone who needs a tree, they are free for the taking.”

Advertisement

Families who otherwise couldn’t afford a tree began showing up—and word spread quickly.

“I thought, ‘Hey, I wanted to get a Christmas tree for our house anyway. Let’s go get one!’” said Miriam Beachy, holding her 1-year-old son Jeremiah.

Miller said the response was overwhelming, with donations pouring in from across the country.

“All over! Illinois, Missouri, North Carolina, California, somehow or another, people have seen our post and said, you know, we’d like to help,” he said. “I had no idea we would get the results that we have.”

In just two days, all 120 trees found their “fir”-ever homes.

Advertisement

“It really felt like a gift,” Beachy said.

“The appreciation that they have, and I know there’s results I’ll never know of,” Miller added.

He’s still deciding whether to sell trees again next Christmas, but said after the feedback and support he’s received, he’s leaning toward it.



Source link

Advertisement
Continue Reading

Texas

Texas Tech head coach Joey McGuire pitches his solutions for college football’s calendar

Published

on

Texas Tech head coach Joey McGuire pitches his solutions for college football’s calendar


Joey McGuire has worn many hats over his career through the high school and college coaching ranks, but he’s looking to add a new one: Commissioner of fixing the college football calendar.

The fourth-year head coach jokingly offered his name up for the self-imposed fake title Wednesday during a media availability, but his frustration with the current format is real. He believes every team should play Week 0, that a champion should be crowned by Jan. 1 and bowl games should be invitationals set for Week 1.

McGuire’s team had a historic season, winning a Big 12 title and earning a bye in the College Football Playoff. Its reward is 26 days of non-compete before playing in the Capital One Orange Bowl on Jan. 1. McGuire loves it for player health. He hates it because it makes football a two-semester sport.

“Texas high school playoffs are playing 16 games, and they’re crowning a state champion this weekend. FCS has 24 teams in their playoff and they’re crowning a national champion on January 5,” McGuire said. “People are so stuck on traditions and all that. I get that, man. I’m a traditionalist 100%. But guess what? It’s changed.”

Advertisement

Sports Roundup

Get the latest D-FW sports news, analysis and opinion delivered straight to your inbox. Plus, Kevin Sherrington’s A La Carte.

By signing up, you agree to our Terms of Service and Privacy Policy.

By finishing the season on Jan. 1, teams would be able to seamlessly transition into the transfer portal, which opens on Jan. 2, he said. This doesn’t eliminate the unpredictable coaching changes that can happen at programs competing in the playoff, but McGuire argues that unfavorable personnel changing is inevitable regardless of calendar shifts.

Many programs with general managers can handle the current overlap of playoffs and the portal window. Some programs’ philosophies, such as Texas Tech’s, separate the responsibilities while in season. McGuire’s job in recruiting extends only as far as daily texts at this stage in the season, while general manager James Blanchard is working 20-plus-hour days on recruiting trails.

Advertisement

However, only 12 teams are playing for a national championship in December. The rest of the country is either finished with its season or competing in bowl games with a withered staff and roster due to opt-outs and the rapid coaching carousel.

McGuire has his solution ready for that problem.

“How about moving the bowl games to an invitation? And that would be week one, Aug. 23, and we’re playing bowl games Thursday, Friday, Saturday,” McGuire said. “ … You’re going to lose a home game, but you still would have a huge attraction TV-wise. It would be a big watch because you know everybody’s dying for college football week one.”

As McGuire stated, the invitational bowl game would erase a home game for teams. But McGuire wouldn’t be a successful commissioner if he didn’t have a solution to ensure teams could fill out their schedules as they pleased.

“We’ve got these kids all summer long. Camp doesn’t need to be a month long,” McGuire said. “We can play zero week, and you know rock and roll.”

Advertisement

Unfortunately for the hopeful-minded “commissioner,” changes in the college football calendar start with the networks, which he does not work with. However, McGuire said he will speak on the subject whenever given the chance because the conversation starts with him and other college football coaches being outspoken in a time of change.

Find more Texas Tech coverage from The Dallas Morning News here.



Source link

Continue Reading

Trending