Historic 50-Year Record Low U.S. Mortgage Rates Increase Buyer Purchase Power in DFW
Posted by Kenneth G. Cox on
Home buyers with affordability concerns in Dallas-Ft. Worth, TX and across the U.S. now have one lesson reason to postpone their new home purchase! Low inventory levels around DFW combined with high price points due to recent increases in home value appreciation, have left many buyers with very few home purchase options when searching their ideal price point.
That is all about to change! 50-year historic record low interest rates are unlocking new price points for buyers that now have a little more purchase power with mortgage rates averaging around 3.29% percent. Record low mortgage interest rates are also expected to encourage more buy and sell transactions from home owners hoping to cash in on record rates which will ultimately help solve…
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Another new high-rise apartment community is coming to Dallas, which is currently the top apartment market for leasing and construction in the U.S with over a dozen other residential high-rise apartment and condo towers currently in different phases of construction and completion. Designed by BKV Group and developed by Mill Creek, the new Modera Katy Trail high-rise apartment rental community will be located in a 14 story building near Highland Park at the dead end of McKinney Avenue and Katy Trail. Modera Katy Trail highrise apartments in Dallas are expected to begin leasing in late 2021. Modera Katy Trail highrise apartments in Dallas will feature 217 rental units with walk-up townhome units and a pedestrian lounge on the side of the highrise…
If you're searching for a luxury townhome in East Dallas Lower Greenville area, be sure and check out Urban Cottages! Urban Cottages offer luxury townhome living in East Dallas minutes from Lower Greenville, Knox Henderson, Lakewood, Uptown and Downtown Dallas with easy access to Lakewood shopping, Lower Greenville bar and grills and endless entertainment in surrounding Uptown, Downtown and Deep Ellum urban districts.
DFW Home & Condo sales statistics for December 2019 paint a positive outlook for 2020 throughout the Dallas Fort Worth, TX Metroplex! Check out the latest housing statistics for DFW home and condo sales below including inventory and pricing for Dallas, Denton, Collin, Tarrant and Rockwall County. The December 2019 housing report provided by Republic Title includes stats on new listings, active listings, average days on market, average home prices, dollar per square foot averages and total number of sales.
Economists have mixed reviews for the 2020 U.S. real estate market forecast in reference to home sales and price gains but one opinion seems to be shared.... the Dallas-Ft. Worth, Texas market is expected to outperform most of the large urban markets throughout the country! Many economists forecast home sales and prices to decrease slightly throughout the U.S. for 2020, but many local brokers and agents in the DFW area expect the exact opposite with expectations of slight increases for both pre-owned and new construction home and condo prices and sales. In some cases, models with variables such as lower interest rates and more favorable conventional and FHA loan programs and options that increase buyer purchasing power show home sales numbers through…
Money Magazine recently released the 20 best places to live in Dallas, TX for 2019 which includes a mixture of suburban neighborhoods and cities offering mixed-use urban living. Many characteristics were looked at when creating the top 20 cities, but some of the most common factors included safety, public schools, employment opportunities, transport links, leisure activities, outdoor spaces, diversity, house prices and the general cost of living. We've included the complete list of Best places to Live in Dallas, Texas for 2019 below.
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