No doubt about it this has been a buyers market for quite a while. No doubt about it the tide has been shifting for some time in the Dallas metro area. With limited inventory in existing homes and lower distressed properties in the area (which is a positive!) prices had nowhere to go but up. Now, they are not climbing at break neck speed – but they are climbing. The good news is that with rates still at incredible levels the homes on the market today, even if they have a slight bump in price, are still MORE AFFORDABLE THAN EVER!
For homeowners looking to move up this is great news! For home buyers just entering the housing market for the first time this only means they need to come with a thick skin and be prepared to negotiate for things that 6-12 months ago may have been a given back when homeowners would do anything to sell their home. The advice from well-meaning friends and relatives may not always be based in today’s reality so be sure to balance it with the guidance of a local REALTOR® who knows the trends in your specific marketplace.
So what are the great financial minds thinking in 2013 with regard to housing? Overwhelmingly positive with sustained growth in the housing market. Those are the phrases heard again and again. In a recent article from the Home Buying institute the following statement sheds light on the WHY behind the RISE! “Today, home prices across Texas are well supported by growing demand, population growth, and infrastructure development. As a result of these and other factors, it is likely that Texas real estate prices will continue to rise in 2013.”Read more: http://www.homebuyinginstitute.com/news/texas-home-prices-295/#ixzz2HVWENejS
Happy House Hunting in North Texas.
If you need a REALTOR® to list your current home, or are looking to buy or rent in the
North Texas region- Give Dawn a call/text 214-604-4561 at Avery Properties/Avery Realty Group- Forney Texas