The FED has lowered rates. Even with some inflationary numbers staying the same, they are seeing the boost that home sales need right now. It is likely that this rate (or something close) will hold for a little while, so now is a time to look for some who have been waiting.
Mortgage Rate News Here. ​

What may have held back buyers the past year? Probably:  
                           High Mortgage Rates.
The news is that these are coming down!
This week we've dropped below 7% again. 

As buyers look at this right time to return to the market, sellers are responding and listings are increasing week by week. 

Latest Listings? --> Check it Out Here.

You may be hearing that there's a spike in inventory, and it's true. But that was needed. As more homes come on the market, it drives prices down/competitive.
We are showing a 3-6 month supply of homes are on the market, and this is healthy now. We are in the "Sweet spot" of it being a good time to be buying OR selling, especially if one can find the mortgage rate they want.
National Info Here
D-FW Info Here

Friends, our local market is picking up. We are seeing multiple offers on homes for sale and sellers getting prices they prefer in faster and faster windows. One thing this means is that if you are waiting to buy, now really is the time. This summer will probably pick up even more, as the season moves into the prime moving time of the year.
So let's look now!

Also, we continue to see rising prices/values in our neighborhoods. I talk with buyers about their budgets, and for those who have set a price and are waiting for a dip ... it still isn't happening in our areas. Instead, values continue to rise. And that looks to be the case with the stability of the metroplex, job market, and the steady rise of prices from the past few years through this year. 

So, for instance, a home that needs no work and no updates-- in zip codes like Coppell, or Grapevine, or Flower Mound -- it is difficult to budget something like 450k and find exactly what you're looking for. The values have risen and are rising out of this price range. Now may be the time to "get in" to something so that you can see the value rise as you own it. And then make your upgrades in time to come. 

This pertains to interest rates too. They are higher than recent years, but the value you can get by getting a home at current prices probably outweighs the hassle it will be to re-finance when rates go down. They will.
And it seems a better bet that rates go down over the bet that values/prices go down. 

That's where we are!

Don't get priced out of the market by waiting too long! Let's help you make a move. 

Here's a great/informative file for you or to share to someone: TIPS!
​how-to-increasing-your-homes-value-1706287091.pdf

There are lenders trying all they can do to encourage people into home-ownership, and maybe what they offer works for you or someone you know!
   - Grants while applying
   - First time home buying “cash back” scenarios
   - Lenders covering down payment options
   - Financial Supports and flexible options.


So, check in with us and we can get you talking with a qualified Lender. This is a great first step. Maybe the wisdom will be to wait. But, maybe the doors will open to help a home-buyer find the right way into the market here and now.
          Let’s look together!

"Total mortgage application volume fell 2.9% last week, compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index."

See his helpful review of rates and changes by cnbc here: Mortgage Demand Drops

Here's Dallas News reporting on an example in McKinney with "Craig Ranch" Homes. There are fees from the HOA when homes are sold, and the fees increasing with increasing home prices. Buyers and sellers are reporting feeling blind-sided.
(Reach out and we will research hidden fees in areas you are interested in!)

We live in a unique place that is beginning to see the "returns" on what our metroplex industry and liveability means for homeowners.
Dallas News says, "Middle-income Dallas-Fort Worth homeowners made an average $167,560 from their homes over the last 10 years, while the same group on the national level made $122,100, according to a new report from the National Association of Realtors."
This is part of why we love working with people and their homes. We hope the fruit of these investments is both living in a place you really love as well as becoming a source of income and value for each of us. For now, it's true in D-FW. The property is worth it.
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