Dallas Market Reports From CoreLogic, Case-Schiller, and Local Market Monitor Show Record Increases, Optimistic Forecasts
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It’s Friday, so we want to give you some good news that should hold you over through the weekend’s open houses, while you hover expectantly over the fax machine waiting for a seller to accept your client’s offer. First, the Dallas real estate market has fully recovered to pre-recession levels. Second, foreclosure inventory in Texas is down 0.4 percent from a year ago. Third, home prices are expected to increase 4 percent over the next three years.
So, if you’ve got clients who cannot seem to commit to a property, just show them these numbers from the most recent S&P/Case-Schiller report, which shows that home prices are on the upswing, meaning that now is the time to buy that dream home. In the 20-city Case-Schiller Home Price Index composite, every single market showed gains. Incredible!
And according to the June Local Market Monitor report, rents are creeping up, meaning that in this low-risk market environment, it’s time to buy. And if you want to get a good rate on your mortgage, now’s the time to get pre-approved, too, before banks start hiking rates again.
What other signs of economic recovery are you seeing?
This is a bit off topic, but no self-respecting agent should be faxing offers these days…and if they are, well…bless their heart.
This is a bit off topic, but no self-respecting agent should be faxing offers these days…and if they are, well…bless their heart.
Yeah, I want to get rid of my fax but it's one of those scan/fax/copiers all in one. Electronic everything is so wonderful!
Yeah, I want to get rid of my fax but it's one of those scan/fax/copiers all in one. Electronic everything is so wonderful!