There are fewer transactions taking place in Dallas-Fort Worth than a year ago after a surge in mortgage rates spurred by the Federal Reserve, but there is still a significant shortage of homes available for sale that is driving a strong seller’s market.
“There’s a couple of times where I just wanted to give up,” Thelma said, but she would tell other buyers not to get discouraged. “There will be a house out there.”spoke with the Ocampos as well as real estate agents throughout North Texas about what they would tell potential homebuyers to help them get ahead in the still-busy market.
Linda Lunn, a real estate agent with Keller Williams Urban Dallas, said if a home is priced between $350,000 and $500,000, which she calls “the sweet spot,” she always calls the agent to check if it is still available or has multiple offers on it.Thelma, who competed with three other people on her purchase, said to consider the price of competing with other buyers when looking at home prices. The Ocampos put offers in on two other homes but lost to other buyers.
Acquisto said buyers need to consider more information about what is going on in their neighborhood along with their own priorities rather than bigger-picture news about falling home prices they may see in the media.