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- Homeowner profits average 50% on sales
Homeowner profits average 50% on sales
Plus: Merger forms the largest realtor association in North Texas
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☕️ Heyo, it's Tuesday! Welcome to Texas Real Estate News, your real estate tour guide. Keeping you updated every Tue & Thur.
Today's newsletter is 621 words — a 2.5-minute read.
1. Texas AG Paxton faces mortgage fraud allegations
Texas AG Ken Paxton and his wife allegedly claimed three different homes as their primary residence — allowing them to secure lower mortgage rates and multiple homestead tax breaks, both potentially illegal. Records also show they may have violated loan terms by renting out a property designated for personal use only.
The case mirrors ones Paxton has supported against Democrats, drawing criticism for apparent double standards. While the Trump administration made mortgage fraud a political focus, experts say Paxton is unlikely to face an investigation.
The issue emerges as Paxton prepares for a Senate run and follows a string of past legal troubles — including impeachment and ties to a convicted developer who paid for work on one of the homes.
2. Homeowner profits average 50% on sales
According to a new ATTOM report, homeowners earned an average 50% profit when selling single-family homes and condos in Q2 2025. That’s a 1.1-point increase from Q1, but a 5.6-point drop compared to a year ago.
The typical seller made $123,000 in raw profit this quarter, down from $127,990 in Q2 2024. Of the 156 markets analyzed—each with at least 200,000 residents and over 1,000 sales—77 saw profit margins increase from the previous quarter.
Texas’ major metro areas saw some of the lowest typical profit margins, with San Antonio (24.7%), Houston (33.2%), Austin (33.9%), and Dallas (34.5%) all falling below the national average of 50%.
A MESSAGE FROM DAVE YOUR MORTGAGE GUY
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3. Catch up quick
🗺️ Texas Republicans' move to redraw congressional district boundaries. (APNews)
💸 Currencies giving buyers the most and least purchasing power. (Redfin)
💵 The $1 Home Marketing Tactic. (Realtor.com)
🏡 Why Americans love gated communities. (CNBC)
📆 Americans spend an entire week’s worth of pay on rent every month. (Fortune)
⚖️ LGBTQ+ Alliance regains control of financial accounts amid legal turmoil. (HousingWire)
4. Merger forms the largest realtor association in North Texas
The MetroTex Association of Realtors and the Collin County Area Realtors (CCAR) are merging to form the largest Realtor association in North Texas. The combined group will represent nearly 40,000 members.
The merger was initially endorsed by both associations’ boards of directors before being approved by their members, and the newly merged association will be led by MetroTex CEO Justin Landon.
“Both boards endorsed the merger plan, reflecting our shared vision and foresight to position Realtors for long-term success. The approved plan passed a membership vote, giving Realtors direct influence in shaping our future and endorsing a more impactful association.”
5. First American Title launches AI tool for agents
First American Title Insurance Co. has launched a generative AI tool to help title agents quickly access underwriting and compliance information.
The new feature — AgentNet Assist — integrates with the company’s AgentNet platform and is now rolling out to First American’s policy-issuing title agents across the country.
The AI is trained to deliver concise answers and link to supporting materials stored in AgentNet Knowledge—the company’s internal archive of underwriting documents, bulletins, forms, and fraud prevention resources.
A MESSAGE FROM PACASO
From Italy to a Nasdaq Ticker Reservation
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