Friday, March 29, 2024 / by Kenneth Brands
The Dallas-Fort Worth (DFW) real estate market is evolving rapidly, influenced by demographic shifts, technological advancements, and a growing emphasis on sustainability. As we look toward the future, several key trends are expected to shape the landscape of real estate in the Metroplex, affecting homeowners, investors, and developers alike. Here’s what to watch in the coming years:
Sustainability and Green Living: Environmental concerns are driving demand for energy-efficient homes and green building practices. Future developments in DFW are likely to prioritize sustainability, from solar panels and smart home technologies to eco-friendly materials and designs that reduce carbon footprints.
Technological Integration: The rise of smart homes is just the beginning. The integration of technology in real estate extends to virtual property tours, AI-powered customer service, and blockchain for secure transactions. These advancements will streamline the buying and selling process. ...
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biggs realty, dallas real estate, market update, home buyers, dfw real estate, north texas home sales
Monday, March 25, 2024 / by Kenneth Brands
Stepping into the Dallas-Fort Worth real estate market as a first-time homebuyer can be both exciting and daunting. This bustling metroplex offers a wide range of neighborhoods and properties, catering to diverse lifestyles and budgets. Here are essential tips to guide first-time homebuyers through their journey in the Dallas-Fort Worth area:
Understand Your Budget: Before diving into property searches, it's crucial to have a clear understanding of your budget. Consider all costs involved, including down payment, closing costs, and ongoing maintenance. Tools like mortgage calculators can help estimate monthly payments and affordability.
Get Pre-Approved for a Mortgage: A pre-approval letter from a lender not only clarifies your budget but also strengthens your position when making an offer, showing sellers you're serious and financially prepared.
Research Neighborhoods: Dallas-Fort Worth is diverse, with each neighborhood offering unique characteristics. Consider factors like co. ...
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biggs realty, dallas real estate, market update, home buyers, dfw real estate, north texas home sales
Monday, November 27, 2023 / by Kenneth Brands
If you’re thinking about buying a home, you may find yourself interested in the latest real estate headlines so you can have a pulse on all of the things that could impact your decision. If that’s the case, you’ve probably heard mention of investors, and wondered how they’re impacting the housing market right now. That could leave you asking yourself questions like:
How many homes do investors own?
Are institutional investors, like large Wall Street Firms, really buying up so many homes that the average person can’t find one?
To answer those questions, here’s the real story of what’s happening based on the data.
Let’s start with establishing how many single-family homes (SFHs) there are and what portion of those are rentals owned by investors. According to SFR Investor, which studies the single-family rental market in the United States, there are eighty-two million single-family homes in t. ...
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biggs realty, dallas real estate, market update, home buyers, dfw real estate, north texas home sales
Wednesday, November 1, 2023 / by Kenneth Brands
When it comes to selling your house, you’re probably trying to juggle the current market conditions and your own needs as you plan your move.
One thing that may be working in your favor is how few homes there are for sale right now. Here’s what you need to know about the current inventory situation and what it means for you.
The Supply of Homes for Sale Is Far Below the Norm
When you’re selling something, it helps if what you’re selling is in demand, but is also in low supply. Why? That makes it even more desirable since there’s not enough to go around. That’s exactly what’s happening in the housing market today. There are more buyers looking to buy than there are homes for sale.
To tell the story of just how low inventory is, here’s the latest information on active listings, or homes available for sale. The graph below uses data from Realtor.com to show how many active. ...
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biggs realty, dallas real estate, market update, dfw real estate, north texas home sales, tips for sellers, dallas home sales
Monday, October 30, 2023 / by Kenneth Brands
You might remember the housing crash in 2008, even if you didn't own a home at the time. If you’re worried there’s going to be a repeat of what happened back then, there's good news – the housing market now is different from 2008.
One important reason is there aren't enough homes for sale. That means there’s an undersupply, not an oversupply like the last time. For the market to crash, there would have to be too many houses for sale, but the data doesn't show that happening.
Housing supply comes from three main sources:
Homeowners deciding to sell their houses
Newly built homes
Distressed properties (foreclosures or short sales)
Here’s a closer look at today's housing inventory to understand why this isn’t like 2008.
Homeowners Deciding To Sell Their Houses
Although housing supply did grow compared to last year, it’s still low. The current months’ supply is below the norm. The graph below shows this mo. ...
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biggs realty, dfw real estate, north texas home sales, dallas-fort worth real estate, affordability, north texas real estate
