Since January 2022, the number of new home listings coming to the market has increased by an astounding 83 percent across North Texas, which is even 18 percent higher than the national increase.
Did you know that a whopping 36 percent of home sellers cry during the home selling process? According to a study by Zillow, you are certainly not alone if you have found yourself stressing over everything from whether your home will sell during your specified timeframe to moving because of a big life event, getting the price you want, or even about the lack of control with the overall selling process.
The state of the real estate market nationally and in DFW has been hotter than ever of late. Price appreciation skyrocketed the past two years leading to record home prices throughout DFW, lines going around the block for open houses and families and individuals forced into intense bidding wars in order to secure a home.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. RESIDENTIAL Are Pre-Listing Renovations Worth the Investment?
We have, as always, a lot to update you on in the residential and commercial real estate markets in our area. Probably more today in this crazy market than ever before. As such, our Founder & Managing Director has put together a telling and insightful market report for you about what’s happening, what to expect and where you opportunities lie in the Dallas-Fort Worth Residential and Commercial Real Estate Markets today. There is a lot of good information we are going to pass on to you, from meetings we have attended, what we see happening in the market each day and more than we cannot wait to let you in on. So we have a lot to cover today.
Interest rates came way down in 2020, but started back on the rise last year and continue to increase. Buyers flooded the market due to historically low interest rates – rates unseen in nearly half a century. But starting in 2021, rates began rising slowly again due to inflation. Rates are expected to continue to rise, according to experts. Buyers are still looking right now, but some of that demand may soon fall off as the year wears on, making selling sooner potentially a better bet than selling later.
Setting the right price on your home when selling is imperative. You don’t want to leave money on the table, but you also do not want to price your home too high to where it sits and gets zero interest. Here’s is what can happen in both scenarios when you do not have an agent at your side that can advise you on the “sweet spot” for selling your home.
If you’ve been looking to make a move to DFW recently, you’ve likely started to develop some frustrations. With property inventory at record lows, it can be difficult to find yourself a home. Especially at a price you might hope for and be willing to pay.
Even through COVID and other challenging factors and times, Dallas-Fort Worth has remained a leader in population growth and will likely remain on this historical path looking into the foreseeable future. This growth has been majorly reflected within both commercial and residential real estate markets in recent times. Demand for properties is on the rise, and that does not appear to be changing anytime soon.
Want to Buy, But Need to Sell? Get a Bridge Loan!
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