Why is the DFW real estate market so tight? - Ask the Expert North Texas

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Why is the DFW real estate market so tight?

The housing market has stalled a bit around the country lately, thanks to higher mortgage rates and other factors. And as we head into the spring season, a lot of people are looking at the possibility of moving to a new home, and they're looking to sell their old houses. Those houses are staying on the market longer than they used to in the last couple of years. Last month, the average home stayed on the market for 10 weeks.A new report from Texas Realtors.

On today's Ask The Expert, Belinda Epps joined us. She's the President MetroTex Association of Realtors.

 

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Because of mortgage interest rates & overpriced mediocre homes.

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