02/17/2020
Work with me for a second, and let me advertise at you with facts. It’s time to buy a home, it’s more possible than before, and here’s why:
Fact One : DFW is the fastest growing metropolitan area in United States in the past eight years. Some of you are thinking “I believe it”, but everyone has felt the pressure. Months of Inventory (MOI) is a term meaning how long the market would have homes for sale, if supply were to just stop, right now. Six months is generally regarded as a normal MOI, but DFW has been sitting below three all year – heck, Fort Worth reached 2.1 at one point. We’re growing, and fast. Ten thousand homes a month fast.
Fact Two: Interest rates are better now than they’ve been in years. Texas is down to an average of 3.5% for a thirty-year home loan, when the nation itself is at 4%. Refinancing already existing mortgages tripled last year, and the number of people filling out new mortgage applications went up 26.7 percent compared to 2018. It’s a busy market, and busy markets always have a good chance of finding a great deal.
Fact Three: For the first time since 2012, prices for homes under 200k have started to rise. Only six percent of sold homes, to be fair – but it shows a significant change across the board, not just 300k new suburban builds. It’s time to sell if you’ve planned on greener pastures, and it’s time to buy if you’re ready to own.
Talk with me. We can lay out the details to find exactly the right fit for you.
Thanks for the read, and I hope to hear from you.