Even as the price of new-builds in Dallas remains largely stagnant, a report last month suggests that housing affordability will remain a primary concern for the foreseeable future. According to Metrostudy, the area’s low housing inventory streak continues unabated, and the median home price inches ever upward, reaching $320,600 last quarter. Resale prices of homes show no signs of slowing and new home starts in the $200,000 or under price range have become relics of the past.

“New homebuyers are stretched to the limit of what they can afford,” said Paige Shipp, Director of Metrostudy’s Dallas-Ft Worth market. Tell us about it.

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600 Hollywood Front

The temptation is, when it comes to building a new home inside close-in neighborhoods, is to make the most of the lot. Builders sometimes plunk down homes that look better suited to a new suburban development up north in Collin County than the historic, imperfectly platted neighborhoods in Dallas.

That’s where this new build in North Oak Cliff‘s Sunset Hill stands out. It’s a tidy, modest single-story home that has all the bells and whistles homebuyers want and doesn’t overtake the lot. And wouldn’t you know, buyers just love homes like this one. In fact, this listing from David Griffin & Co. Realtor Crystal Gonzalez went under option in just 12 days on the market. Now that’s proof of a High Caliber Home!

If you’re smitten with this home, then you’ll want to go ahead and call Lisa Peters at Caliber Home Loans when you find the High Caliber Home of your Dreams. Don’t waste a second and get pre-approved with an expert mortgage professional. Call Lisa Peters at Caliber Home Loans today.

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