Dallas-Fort Worth tops the list of real estate markets to watch

Plus: eXp rolling out revenue share changes

October 31, 2024

👻 Welcome to Thursday. We're in the thick of the spooky season, folks. Be careful out there.

Today's newsletter is 664 words — a 2.5-minute read.

1. Dallas-Fort Worth tops the list of real estate markets to watch

The Dallas-Fort Worth metro area ranks as the top emerging real estate market in the nation, with the highest investment and development potential. This is according to the 2025 Emerging Trends in Real Estate report from the Urban Land Institute and PricewaterhouseCoopers.

The 2025 report, which was released at the ULI Fall Meeting on Oct. 29, was based on data and insights gathered from over 2,000 top real estate specialists.

Dallas-Fort Worth last topped this list in 2019. It has floated among the top few spots over the past three years and has consistently ranked in the top 10 for the past six.

2. Pending home sales jump to the highest level since March

According to data released on Wednesday by the National Association of Realtors (NAR), pending home sales in September jumped 7.4% compared to August and 2.6% year over year.

Pending sales increased across all four country regions, with the South experiencing a 6.7% monthly gain and having the highest index reading at 89.

Source: NAR

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3. Catch up quick

📈 Property taxes have surged nearly 60% in Jacksonville, Texas since 2019. (Redfin)

🏘️ Mike Hoque to buy neglected Dallas property. (MSN)

👩‍🏫 Real estate and tech vets launch a women-led coaching platform. (The Helm)

🏠 Elon Musk Buys $35 Million “Secret Compound” in Austin. (SeattleTimes)

👻 Most Americans would purchase a haunted house. (Clever)

📚 Fun read: Fredericksburg named Texas' best town for retirement. (Southern Living)

4. Study: Homeowners who bought in 2019 are $158,000 richer

A home purchased in 2019 generated approximately $158,000 in wealth. A renter over that same time cumulatively lost $89,000. LINK

How homeowners and renters fared since the pandemic

Source: First American

5. Court dismisses Move’s trade secret claims against CoStar

According to court documents, California District Judge George H. Wu issued another ruling in CoStar Group’s favor on Monday.

Judge Wu dismissed CoStar's Computer Fraud and Abuse Act (CFAA) and Comprehensive Computer Data Access and Fraud Act (CCDAFA) claims against CoStar and Realtor.com editor James Kaminsky, who allegedly accessed Move-owned documents 40 times post-layoff in January.

Wu said Move’s counsel failed to provide sufficient facts to uphold the CFAA and CCDAFA claims against Kaminsky.

6. eXp rolling out revenue share changes

eXp Realty launched two groundbreaking initiatives at eXpcon Miami: the ICON Incentive Program and the Revenue Share Capping Incentive Program, effective November 1.

Both programs are designed to elevate agent success, by unlocking expanded revenue opportunities and further driving their business success.

  • The ICON Incentive Program will credit ICON Agents with 30 Front Line Qualifying Agents (FLQA) for 13 months, maximizing their revenue share potential.

  • In the Revenue Share Capping Incentive Program, agents who cap from closed transactions will be credited with 10 FLQA, maximizing earning potential through level five for 13 months.

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