Affordability Now The Biggest Problem Facing DFW Home Buyers
Posted by Kenneth G. Cox on
Housing inventory throughout the DFW is finally starting to catch up with demand, somewhat, but the problem now facing many North Texas home buyers is affordability.
According to a new report out from DallasNews.com, 22,000 single-family homes were listed in the North Texas region at the end of June, which actually represents the largest inventory available on the market in four years believe it or not.
But to the dismay of many young and first-time home buyers in DFW, much of that inventory is now listed at over $300,000, pricing many would-be buyers out of the market right now.
Also noted in the report is that inventory of homes for under $250,000 has declined by nearly 700 homes, which in some ways could explain DFW’s “swelling” supply.
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