January 22, 2023 – by Elena Garrett, Realtor and 72Sold Area Director As I mentioned in my previous update, the trends in home buyers’ shopping behavior are starting to normalize and become more predictable. IMPORTANT: For the past 6 months, the home market in the DFW has undergone DRASTIC changes. Read more…

December 10, 2022 – by Elena Garrett, Realtor and 72Sold Area Director As DFW buyers and sellers are adjusting to the new reality of higher interest rates, new trends in home buyers’ shopping behavior are starting to normalize and become more predictable. IMPORTANT: For the past 6 months, the home Read more…

Aug 20, 2022 As DFW buyers and sellers are adjusting to the new reality of higher interest rates, a new trend is starting to set in. There are fewer buyers shopping for homes, but those who are in the market at the moment are making offers quickly (possibly rushing to Read more…

As DFW buyers and sellers are adjusting to the new reality of higher interest rates, a new trend is starting to set in. There are fewer buyers shopping for homes, but those who are in the market at the moment are making offers quickly (possibly rushing to lock in the current rates before they go up again). The overall number of homes for sale is similar to last year’s volume, but the number of showings per house is down significantly from the same month last year.

June 28, 2022 Let’s take a brief look at the changes that the DFW market is experiencing, or is likely to experience soon, due to changing economic conditions. The number of mortgage applications is declining Therefore the number of home shoppers is declining as well, leading to lower competition among Read more…

June 28, 2022 I think no one can argue at this point that rising inflation is starting to affect the home market in the DFW region. How do those changes affect the homeowners who are planning to sell this year? I think it is important to start by looking at Read more…

Due to the very low inventory of available homes and a stronger-than-usual demand, the sellers can expect to command the market throughout the year. Even homes that need updates and repairs can expect to sell with multiple offers and above the asking price.

In a word: the forecast is difficult. The buyers planning to buy in the DFW area in 2022 need to be prepared for intense competition for homes, which means that they need to either 1) find ways to find the extra cash to win intense bidding wars to get into a house of their choice, or 2) come up with a house hacking strategy that would allow them to purchase a home that does not have a lot of buyer interest and, therefore, could be purchased at asking price (and not above asking price).

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