An experienced real estate professional, Jerald Turboff heads Prime Capital Corporation in Houston. In this role, Jerald Turboff works with clients across the state, specializing in both commercial and residential transactions.
In North Texas, the real estate market is booming. According to recent reports, July saw significant increases in home sales and median home prices. During the month, real estate agents sold almost 10,000 pre-owned single-family homes, 27 percent more than in July 2012. This figure set a new one-month home sales record in the region.
Furthermore, median home prices have reached $185,000 and prices in the Dallas-Fort Worth metropolitan area increased by 11.5 percent, a rate not achieved in the region for more than a decade. This July, real estate agents reported that the average time to sell a home in North Texas amounted to only 49 days and that the number of pre-owned homes for sale decreased by 16 percent in comparison to last July. Experts believe that many individuals and families are taking advantage of the current interest rates, hoping to jump on this opportunity before interest rates begin to rise again.
In North Texas, the real estate market is booming. According to recent reports, July saw significant increases in home sales and median home prices. During the month, real estate agents sold almost 10,000 pre-owned single-family homes, 27 percent more than in July 2012. This figure set a new one-month home sales record in the region.
Furthermore, median home prices have reached $185,000 and prices in the Dallas-Fort Worth metropolitan area increased by 11.5 percent, a rate not achieved in the region for more than a decade. This July, real estate agents reported that the average time to sell a home in North Texas amounted to only 49 days and that the number of pre-owned homes for sale decreased by 16 percent in comparison to last July. Experts believe that many individuals and families are taking advantage of the current interest rates, hoping to jump on this opportunity before interest rates begin to rise again.
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