The 10-year Treasury closed at 5.1% today, the highest since 2007. Your buyers saw the headline. Here are the numbers behind it.
10-year up 13 basis points in one morning after a hot services report
Oil back above $103 a barrel
Residential construction spending down 7.3% year over year, while commercial growth is almost all data centers
DFW median about $389K, basically flat; listings down 5.7%; 4.4 months of inventory
53.3% of Dallas sales had seller concessions in August (Redfin)
The full breakdown of where DFW deals are still happening, plus the AI workflow that pulled it together, is in this week's Agent Algorithm: https://mikemillstx.com/agent-algorithm-issue-05/
Mike Mills, Branch Manager · NMLS
#756263 · GVC Core Community Mortgage · NMLS #2334. Rates referenced are market benchmarks, not a quote.
