January Welcome and Market Glance

It's 2022! Housing & You:
Into this new year, we are excited for the moves we can help you make. And our area is still full of valuable investments! 

• The National Association of Realtors released their 2021 Market Review and the projections for 2022. We've seen our home prices go up and the competition to buy homes has been rampant. Still, for our area, their report indicates great growth numbers for this year as well!
  • D-FW is on the list of top 10 undervalued markets (meaning: Still good to buy, market will adjust and catch up eventually!)

Here's how they describe us:
Dallas-Fort Worth remains an undervalued market, with a home value-to-income ratio of 3.0 compared to the U.S. ratio of 3.3. Its home-to-income ratio is lower than that of Austin (4.0) and that of major metros such as San Francisco (6.0), San Jose (7.3), Los Angeles (7.9), New York-Newark-Jersey City (4.9), Boston (4.1), or Washington DC (3.7). Located in a state with no state tax and with affordable home prices, the US Census Bureau estimated that about 58,000 people moved to the Dallas-Fort Worth on a net basis from other states in 2020, a pandemic year. Among the top 10 undervalued markets, it has the highest share of the population that is aged 25 to 44 years old, making up 29.1% of the population compared to the national average of 26.7%. Strong migration into the area will continue to create upward pressure for home values to increase further in 2022.
Ok, yes, there's averages and percentages in there, and I can spell all of that out for you. Bottom line: Even with a rise in prices and little inventory, D-FW continues to shine as a market worth buying into. There is much room for homes/land to appreciate and projections of more folks looking to move into the area. 

So let me look with you about making a move, investing in a property or fixer-upper, or other interesting buying/selling prospects. 
Each scenario is unique. But honestly, that makes it fun and worthwhile! So reach out and put us to work for you in 2022.

Happy New Year,
Pat O.