Rural real estate sales around Dallas-Fort Worth and statewide have slowed substantially from frenzied levels of the past two years, but land prices remain at or near historic highs, according to the latest report from the Texas Real Estate Research Center at Texas A&M University.
In addition, total dollar volume ebbed 16.7% to $547.1 million. Average transaction size increased 2.9% to 120 acres in Northeast Texas, and total acreage contracted by 34.6%, falling to 73,946 acres.What’s your overview of the Texas land market? Yes, it's going to calm down. Between April and May, the 30-year ag interest rates went up about 2.25% in about an eight-week period, and it had a real effect. It took people out of the market when buying power was severely curtailed. But then there still was so much cash on the sidelines that it really didn't create a huge blip. While people were borrowing money, it was still cheap, and they were willing to make up the gap on the percentage down payment. So it's still strong.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Health care disrupter ShiftKey rises to top of SMU's Dallas 100 - Dallas Business JournalShiftKey is a platform that is disrupting the way health care facilities typically find licensed and certified professionals to fill available shifts.
Source: DallasBizNews - 🏆 525. / 51 Read more »
Dallas corporate marketers – let’s take relationship marketing to the next level - Dallas Business JournalDallas corporate marketers – let’s take relationship marketing to the next level (Sponsored by One Floor Up)
Source: DallasBizNews - 🏆 525. / 51 Read more »
Trademark Property Co.'s Terry Montesi discusses redevelopment of Arlington's Lincoln Square - Dallas Business JournalTrademark Property Co.'s acquisition of Lincoln Square has paved the way for the redevelopment of a key asset in Arlington.
Source: DallasBizNews - 🏆 525. / 51 Read more »
U.S Energy and EagleRidge Ridge announce drill partnership in Barnett Shale - Dallas Business JournalUnder the joint acquisition, the companies plan to drill up to 12 horizontal wells in the Barnett Shale region — primarily in Denton, Wise and Johnson counties - over the next year.
Source: DallasBizNews - 🏆 525. / 51 Read more »
Dallas was right to try to shut down poker business, judge saysCity officials allowed at least three poker businesses to operate in Dallas as of 2020, but changed their stance a year later amid public pressure and the...
Source: dallasnews - 🏆 18. / 71 Read more »
Neighborly acquires junk removal service Junk King - Dallas Business JournalThe junk removal company said it works to keep 60% of its collected materials out of landfills through repurposing and recycling.
Source: DallasBizNews - 🏆 525. / 51 Read more »