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February weather leads to strong dip in home sales

It's probably just a one-month blip but the February cold snap slowed down the raging North Texas housing market.

The Texas Real Estate Research Center says sales of single-family homes slipped by about 8 percent last month.


This was the area's first year-over-year dip in home-buying since the early months of the Coronavirus outbreak when lockdowns kept would-be buyers at home.

Likewise, closings hit the skids last month because everyone stayed home due to icy roads, frigid weather and a week of power outages. But most of those closings were simply re-scheduled for this month so the next time the numbers come out there should be a strong re-bound.