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!
The new Uptown Dallas luxury high-rise apartment at 2811 Maple Tower received the green light by Developers and the 300,000 square foot building is planned to be completed by 2024. Crescent real estate has been working on the new high-rise apartments in Dallas, TX since 2018 which will be located between the landmark Stoneleigh Hotel and the Crescent on Maple Avenue near Cedar Springs Rd.
The Dallas City Council recently approved the groundbreaking new $1 billion mixed-use housing project by Megatel Homes which consists of a huge development West of Downtown Dallas including a lagoon, thousands of homes, retail, entertainment and more. These types of new housing developments are exactly what will solve the ongoing inventory issues around the DFW area and couldn't have come at a better time.
Developer PegasusAblon, currently developing The Galleria Muse mixed-use apartments in Far North Dallas, is working on two new high-rise apartment towers in Oak Lawn. Ablon plans to build the new Oak Lawn high-rise apartments behind the central nightclub and restaurant strip at Cedar Springs and Throckmorton Street. The new high-rise apartments in Oak Lawn will be designed by GDA Architects and are expected to begin construction in 2022.