Mixed Reviews on 2020 Forecasted Dallas-Ft. Worth, TX Home Prices & Sales
Posted by Kenneth G. Cox on
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…
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DFW ranks 4th most popular metro to metro migration destination by CommercialCafe, a nationwide commercial real estate listings platform apart of Yardi Systems. Using U.S. Census bureau data, CommercialCafe was able to determine the top 10 most popular destinations for metro to metro migration which accounts for many of the population shifts.
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Americans who are between the ages of 18 and 34 — known as Generation Y Millennials — could be a “game changer” in the U.S. real estate market, according to Urban Land Institute. As such, ULI researchers are taking careful note of this generation’s preferences when it comes to homes. The Urban Land Institute ULI reports Generation Y, with nearly 80 million members, as a potential “game changer” in the U.S. real estate market.
Median single-family home sales prices sold through the MLS in North Texas hit a record high of $176,000 last month. Home sale prices in North Texas are now about 10 percent higher than they were at the peak of the market before the recession.