Dallas Real Estate News
Dallas
Vacation Home Demand in the U.S. Jumps 70 Percent Annually in October
According to national property broker Redfin, demand for second homes in the U.S. was up 70% from pre-pandemic levels in October 2021. This outpaced August's 48% gain but below January's record 91% growth.
U.S. Pending Home Sales Jump 7.5 Percent in October
Contract activity rose month-over-month in each of the four major U.S. regions. On a year-over-year basis, however, transactions were split, as two regions reported drops and two others posted gains.
Mortgage Applications Increase in Mid-November
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending November 19, 2021, U.S. mortgage applications increased 1.8 percent from one week earlier.
40 Percent of U.S. Homes Now Considered Equity-Rich in 2021
39.5 percent of mortgaged residential properties in the United States were considered equity-rich in the third quarter, meaning that the combined estimated amount of loan balances secured by those properties was no more than 50 percent of their estimated market value.
