Don’t worry Tarrant County Tuesday readers, the Bow Tie Realtor will have a look in the 2019 crystal ball for some tasty prognostications before the ball drops.
The pendulum has swung. This was discussed earlier in Tarrant County Tuesday — the housing market in Tarrant County has become more of a buyer’s market than we have seen in many years.
Why A Buyer’s Market?
In real estate, a buyer’s market is when there is a surplus of homes available for sale. Homes generally take longer to sell, and prices tend to drop or only rise slightly.
There’s no exact reason why a seller’s market (like we’ve seen in Dallas-Fort Worth for past number of years) flips to a buyer’s market but here are a few common themes: