Dallas Morning News Reports the DFW Housing Market is “Blazing Hot”!

Adapted from Dallas Morning News, author Steve Brown Real Estate Editor


Spring has just sprung but it’s already blazing hot in Dallas’ housing market.

The Dallas-Fort Worth area once again is on the list of Realtor.com’s hottest U.S. home markets where the most people are shopping for homes.


“Calendars might say spring is only a week old, but we’re already in the thick of the most frenzied spring home buying season on record,” Realtor.com research manager Javier Vivas said in the marketing website’s March report. “The median days on market for homes on Realtor.com in March saw the biggest drop since the end of the recession, and half of homes are now selling in less than 69 days nationally.

In Dallas-Fort Worth during March, it took only 38 days on average to sell a house listed for sale with property agents.

Realtor.com said the usually strong spring housing surge around the country is coming about a month earlier than usual.

In March, the nationwide median home list prices rose above $250,000 for the first time to $260,000 — 8 percent higher than a year earlier.

North Texas median home sales prices during the first two months of the year shot up 14% compared with the same period in 2016 and are at an all-time high.

I know EXACTLY what’s happening in the Arlington area housing market, and I’m poised to put my knowledge to work for you!  If you’re thinking about a new home this year, the time to make that move is NOW!


 

Forbes Names Dallas #1 City to Invest in Real Estate

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Have you thought about investing in real estate?  This is a GOLDEN time to buy, and Forbes agrees!

Dallas, and the entire DFW metroplex, is the best market to invest in housing in 2017, according to a list Forbes published this month. By 2020, home prices in Dallas are expected to grow by 31 percent, the highest growth of any city listed. That projection is based on Dallas’ 6.2 percent population growth in three years (2012-2015), 3.9 percent job gains last year and 9 percent annual home price gains.

Read the full article HERE.

Buying a house for investment has some risk but working with an experienced Realtor will help you make a wise purchase.

Call me to discuss investment real estate–I have a wealth of knowledge to share with you and I’ll help you fulfill your real estate goals.

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