Dallas-Fort Worth’s housing market has been forecasted to be one of the hottest ones in the United States this year.
It has been suggested that the home prices in this area will continue to steadily grow right through 2021, including the first part of 2022!
It appears that the market’s biggest advantage is the ever-improving economic forecasts, significantly owing to the advancements made on the coronavirus vaccines.
This has generated a sudden demand on the Dallas-Fort Worth market, amongst others, by millennials having the means and wanting to buy a family home for the first time.
This is also largely due to the current record-low mortgage interest rates, as well as an increased demand for family homes because of population growth. Particularly so in the Dallas-Fort Worth area, as it is outpacing almost every other metro area in the United States!
However, due to this supply and demand imbalance, a significant effect on the availability and affordability of living spaces within this popular location is to be expected.
Dallas-Fort Worth home prices are in fact already at a record high, and are predicted to grow even more by an estimate of at least 5% this year alone, and should keep rising for the foreseeable future!
Given the current market conditions and the projections of the home prices rising continuously throughout this year, as well as right into the next, the time is now.
NOW is the time to act!
Even right through this coronavirus pandemic and the consequent economic downtrend, the demand for living spaces has remained strong in Dallas-Fort Worth’s market.
But we stress this again: Inventory is running very low!
This means that if you are planning to buy a home here during 2021, you can expect some formidable competition!
Whether you are a seller or a potential buyer of a home in this hot market, we are here to help you make the entire process as quick and easy as possible!
Time is of the essence!
Contact us immediately!