Existing home sales falling at record pace in Dallas-Fort Worth - Dallas Business Journal

  • 📰 DallasBizNews
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Dallas-Fort Worth home sales fell 33% in November from the same month a year ago as higher mortgage rates continue to take a toll. November was the fourth straight month of declining sales, and the percentage drops are growing.

, broker/owner of RE/MAX Town & Country in Allen, called what’s happening “the Great Housing Market Reset in Dallas-Fort Worth.”The frenzy of the last two years could not continue, and we are seeing a softening brought on by rising rate increases,” Coburn said. “Next year will be more of the same, with slower sales and steady prices.”

The month's supply of housing inventory in DFW is up nearly 255% over last year and is currently at a three-month supply. “Currently, sellers are paying closing costs and offering incentives, and no bidding wars exist,” he said. “Buyers have a perfect opportunity to pick something up right now and refinance later. When rates come down, buyers will jump in again, and bidding wars and rising prices will return. Buyers have choices right now. Get in before the next frenzy.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

.GovAbbott is a violent dangerous nazi who wants to kill brown children.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 525. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

540,000-square-foot industrial park in north Fort Worth trades hands - Dallas Business JournalWestside 35 is located in the Fossil Creek/Meacham submarket. New development opportunities in the submarket are limited due to land constraints and macro-economic headwinds.
Fonte: DallasBizNews - 🏆 525. / 51 Consulte Mais informação »