Steps to Help You Purchase a Home in a High Inflation Housing Market
Posted by Kenneth G. Cox on
Buying a DFW Home in a High Inflation Housing Market
Purchasing a home can be challenging, as the cost of homes and mortgage interest rates tend to rise. Here are some steps you can take to help protect yourself when buying a home in Dallas-Fort Worth, TX or anywhere in the U.S. with a housing market suffering from high inflation. Home ownership can be a rewarding investment in any type of market with the right preparation and guidance from a local DFW Realtor or mortgage professional. If you're interested in exploring your mortgage options, contact one of our real estate agents for assistance and to get pre qualified.
Steps to Purchase a Home in a High Inflation Housing Market:
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Dallas-Fort Worth, Arlington TX was recently ranked in the top performing housing markets by NAR (National Association of Realtors). Although existing home sales are predicted to decrease around 6.8% from 5.13 in 2022 to 4.78 in 2023, overall home sales are still expected to be strong esp. in specific hot housing markets such as Dallas-Fort Worth, TX. Lawrence Yun, NAR chief economist, also predicts median home prices to rise in 2023 just .3% over 2022 to an average median home price of $385,800.
The Dallas Fort Worth, TX real estate market is rated to be one of the top housing markets throughout the U.S in 2023. Are you ready to make a change? We are currently hiring experienced, tech-savvy and motivated agents to assist clients with buying, selling and renting properties throughout the DFW area. We have a significant online presence and capture hundreds of leads weekly through our organic search engine authority and targeted pay per click campaigns including new registrations, call ins, property inquiries, requested showings, text leads and more. Our agents receive daily leads including buyers needing to purchase, owners wanting to sell their home and tenants in search of residential homes,…
First Texas homes in Dallas Fort Worth, TX is offering amazing deals and discounts on new construction homes throughout the DFW Metroplex including Anna, Celina, Farmers Branch, Fort Worth, Fate, Frisco, Grand Prairie, Little Elm and other areas throughout Dallas, Denton, Collin, Rockwall and Tarrant Counties!
Another big company just added its name to the list of companies moving to Texas. Caterpillar Inc produces construction and mining equipment and has had a home in Illinois for more than 100 years.
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If you’ve been looking for a DFW home and feeling the pain from a lack of housing inventory, good news is on the horizon. According to newly released market stats, active single-family home listings in the DFW area jumped 26 percent year-over-year last month, reaching 10,560 homes on the market at the end of May.
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If you’re looking for a new North Texas home and are open to various locations around the DFW area, Garland is one city you should seriously consider. Perfect located just northeast of Dallas, Garland is located almost entirely in Dallas County, providing residents with a quaint suburban lifestyle while being just minute from the heart of the big city. But if that’s not enough, here are 3 more reasons why anyone and everyone should think about Garland as their next place to call home..