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
Friday, October 27, 2023 / by Kenneth Brands
If you’re thinking about buying a home soon, higher mortgage rates, rising home prices, and ongoing affordability concerns may make you wonder if it still makes sense to buy a home right now. While those market factors are important, there's more to consider. You should think about the long-term benefits of homeownership too.
Think about this: if you know people who bought a home 5, 10, or even 30 years ago, you’re probably going to have a hard time finding someone who regrets their decision. Why is that? The reason is tied to how home values grow with time and how, by extension, that grows your own wealth. That may be why, in a recent Fannie Mae survey, 76% of respondents say they believe buying a home is a safe investment.
Here’s a look at how just the home price appreciation piece can really add up over the years.
Home Price Growth over Time
The map below uses data from the Federal Housing Finance Agency (F. ...
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Wednesday, October 25, 2023 / by Kenneth Brands
Are you thinking about making a move? If so, all the speculation that home prices would crash this year may have you feeling a bit on edge about your decision. Let the data and the experts reassure you. Prices aren’t in a downward spiral and will actually finish the year strong.
Even though you may have heard talk that prices would drop 5, 10, or even 20% this year, that hasn’t happened. The big reason why is the supply of homes for sale is too low. There are just more buyers looking to buy than homes available, and that’s kept prices from falling.
To prove this year wasn’t a bust for home prices, let’s look at the latest 2023 forecast from a number of experts.
Most Experts Project Home Prices Will Net Positive this Year
The general consensus from industry experts is that home price appreciation will actually be positive for 2023. The graph below shows the latest 2023 year-end forecasts fro. ...
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