Rising Home Prices Are Making DFW a Much Less Affordable Market
Posted by Kenneth G. Cox on
Outside of continued job and economic growth, one of the primary reasons why the DFW real estate market has remained hot over the past couple years no doubt relates to affordability. But after years of constant gains in home values and home prices, North Texas has officially fallen out of realtor.com's “metros to watch” list in 2017.
Believe it or not, home prices around the Dallas-Fort Worth Metro Area have spiked by a jaw dropping 43.3% in the past five years alone, and prices are still going up. Although the jump in home prices has been a welcoming trend for home sellers in DFW, the buyers’ market has become especially competitive, especially within the last 12 months.
As of now, the Dallas market is ranked No. 48 out of the top 100 metros…
1091 Views, 0 Comments