What do we really think is going to happen this summer and the rest of 2022 in the DFW housing market? Well, let us whip out our crystal ball here… just kidding. Here is what we, along with other experts, are predicting.
This is great news for all of you buyers out there looking for homes, you are going to have more homes to choose from, which also means (potentially) less competition on each home. Remember, the housing supply is still historically low, so you will still need to act fast, and put your best foot (offer) forward.
Sellers, you are going to have more competition when listing your home. This means we will need to be very strategic when preparing your home, and choosing a listing price. The homes that are priced at market value and in good condition will still go quickly for top dollar.
Buyers, we have said this before, and we will keep saying it, because we care about you. 1% increase in interest rates affect your monthly payment significantly more than increasing home prices. Also, as interest rates increase, the loan amount you are approved for is possibly going down as well. **If you have questions, or want to see what this looks like for you, send us an email. We will break it down for you in a way that is easy to understand.**
Sellers, increasing mortgage rates are motivating homeowners to make a move before interest rates go up even more. If you are planning to do that, reach out, and let’s start talking about your options, today. It is never too early to start planning.
Although home inventory is increasing from what it has been, it will likely take years to get our housing inventory back to a normal level. This means that home prices will likely continue to increase – law of supply and demand.
If you are thinking of buying a home, your home will appreciate over time. Start building that equity today.
Sellers, if you are thinking of moving up to get more space for you and your family, now is the time. You would much rather have a 10% increase on a $600,000 home than on a $400,000 home, right? The percentage might be the same, but the dollar amounts are much different.
The bottom line is; the housing market is ever-changing, and there is always opportunity to make the market work for you. If you are thinking of making a move in the next 3-6 months (or even longer) send us an email that says, ‘TALK TO ME’, and we will get in touch with you. Remember, it is never too early to start planning.
If you have thought about building wealth through real estate, send us an email that says, ‘SHOW ME THE MONEY’, and we will reach out. We are passionate about real estate investing because it is a proven tool that can change your financial future for generations to come.
As always, we are here to love and support you! Thank you for letting us in on this small piece of your life journey with you.
