The DFW housing market has certainly been booming over the last several years but are we about to see a bit of a slowdown in the coming months?
As reported earlier in the month, home sales across the U.S. saw a slight drop for the fourth straight month in July, and new home sales were also down 2 percent last month year-over-year as well.
Despite a strong economy and a still-thriving labor market, single-family home starts and permits have apparently slowed, and it’s caused some economists to raise an eyebrow.
Steadily increasing home prices and higher mortgage rates have certainly contributed to the recent slowdown nationally, and that can certainly be said for here in DFW as well. Year-to-date sales locally are now showing a 2 percent drop…