Four North Texas DFW Cities Rank in the Top 10 Real Estate Markets 2023
Posted by Kenneth G. Cox on
The North Texas, Dallas-Fort Worth (DFW) region has long been a hotbed for real estate activity, with its vibrant economy, job opportunities, and quality of life attracting both local residents and newcomers. The 2023 real estate market in this region continues to flourish despite rising mortgage interest rates that are averaging around 6.75-7.00%, with four of its cities ranking among the top 10 real estate markets in the country according to a recent WalletHub Study, 2023’s Best Real Estate Markets. These cities are McKinney, Frisco, Denton, and Allen, each offering unique characteristics that contribute to their real estate success.
1. McKinney, TX Real Estate - The Crown Jewel of North Texas Real Estate
Taking the top spot on the list of the…
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Frisco, TX is on fire and quickly rising to one of the hottest places to live in North Texas with plans to host the 58th AMC Awards hosted by Dolly Parton and Garth Brooks on May 12, 2023 at the Ford Center in Frisco, build the new Universal Studios theme park and open the new Omni PGA Frisco Golf Resort on May 2, 2023.
With recent home sales and values decreasing around the DFW Metroplex, new construction home builders have started offering incredible incentives to move new home inventory in the Dallas Fort Worth area. The last time home buyers were able to advantage of these types of deals dates back to 2007 as mentioned in an article Anxious Builders Pile on Incentives by Jeff Updike with the Wall Street Journal. Although some of the incentives are not as great as deals offered in the past, home builders in Dallas Fort Worth are currently offering thousands in buyer closing cost/downpayment assistance, free upgrades, interest rate discounts and other creative offers to lure home buyers to purchase.
If you are looking to sell a home, condo, or townhome in Dallas or Fort Worth, it is important to consider the impact of making necessary repairs or renovations before listing your property. Though investing more money into your home may seem unappealing, some improvements can significantly increase the value of your property and make it more desirable to potential buyers.
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.
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!
While some jobs went away in early 2020, the Dallas-Fort Worth area is currently seeing some big gains when it comes to construction jobs. According to some of the latest figures from the Associated General Contractors of America, the region’s building sector saw a gain of 7,400 jobs this past December, when compared to the previous December.