Will The Dallas Market Stay Unchanged?

While many are skeptical after several economic factors influenced our nation this week, our market seems to remain the best in the U.S. Are we next? If everyone around us starts believing that they cannot buy or sell a property, the answer is "yes". If everyone stops buying and selling, we will go into a recession that is currently felt by 27 of the 50 states.

In an article released today, click here, we may be headed for another interest rate cut after being told it would not go any lower. This is more reason than ever to buy your dream home, second home, investment property, etc. Take advantage of this market for this reason. You may lose some equity on your current home, but you will more than likely reap the rewards of great equity in your purchase while building future wealth. To learn more about the market and how to take advantage of this opportunity, contact me at 972.468.5136 or visit our website.

Good News for Dallas Real Estate

Forbes released an article this week with great news for not only Dallas, but several popular Texas cities. Click here for more details on how Dallas ranks in the top 10 best markets in the U.S. While the number of available homes continues to drop, our Buyer calls and showings are on the rise from previous months. There is approximately a six month supply of available homes now, down from a twelve plus month supply a few months ago.

While the media and stock markets remain on shaky ground, you can rest assured that making a purchase now in Texas is a good move. Not only is it a great time for investing in real estate, but a great time to purchase your dream home at an affordable price.

As always, go to our website for all your real estate needs.

Statistics Are In For North Texas Real Estate

Just posted by North Texas Real Estate Information Systems:

• Single family home sales are up 2%, sales volume is up 1% from this time last year with no change to the average price range of $193,156
• The days on the market for a median price range single family home is up 7%, condos and townhomes are up 27% and farms and ranches are up 29% from this time last year
• At the end of September, there was an average of approximately four months of inventory available on homes under $100K that consisted of 25.7% of the inventory of single family homes
• At the same time, there was an average of approximately five months of inventory available on homes between $100K and $150K that consisted of 28% of the inventory of single family homes
• There was an average of six months of inventory available on homes between $150K and $200K that consisted of 18.3% of the inventory
• There was an average of seven months of inventory available on homes between $200K and $300K that consisted of 15.4% of the inventory
• There was an average of nine months of inventory available on homes between $300K and $500K that consisted of 8.4% of the inventory
• There was an average of 15.4 months of inventory available on homes from $500K to $1M that consisted of 3.3% of the market
• On homes over $1M there is a 20 month supply of homes available that consists of 1% of the current market
• For more statistics and understanding of our market, please call me at 972.468.5136 or email me at amydownsrealtor@yahoo.com

This is great news, and we are so lucky to be in North Texas. If we can be of assistance to you or anyone you know in the market to buy or sell real estate anywhere in the world, please give us a call or email. You can also visit our website at www.TeamDowns.com.

Great News for North Texas

In an article released from the Dallas Morning News this week, we finally see some positive news for our local real estate market, click here to read the article. The media weighs heavily on everyone that spends money on gas, real estate, clothing, etc. While our media shows negative signs of the economy and housing market, we are fortunate that the Dallas real estate market is very strong compared to the majority of the United States.

If you would like to keep an eye on your market area, we have created a "market snapshot" link for you to see the market data, community and school information for your area. You can also visit our website at www.TeamDowns.com and click the "My Market Snapshot" button on the left side of the home page.