There is some definite fear out there in the housing market. People are wanting or needing to buy a new home, but are afraid of the economy. Is real estate a good investment right now? Will my home investment lose money over the next couple of years? What if I am forced to move in a couple years and I lose money on my home because of depreciation?
These are all good questions and questions that smart buyers are asking themselves. Luckily, you are in the DFW market. I came across an article saying that the PMI Group, a mortgage insurance firm based in California, predicts that there is less than a 3% chance that DFW home prices will be lower in 2 years than they are right now. The job market is still relatively strong and homes seem to be holding their value. This is good news for those of us who need to buy a home here in DFW. There is a 97% chance that your home will be worth AT LEAST what you bought it for, if not more. One more reason it is great to live in DFW.
Combine that with the fact that interest rates have never been lower and will probably not be this low for quite a while and you have the perfect storm for a buyer's market. What we are seeing right now in the Dallas market is something that is rarely seen. There really is no downside to buying a home right now. Cheap prices. Low interest rates. Home appreciation. Existing home sales going up. Strong job market. Strong economy overall. We are truly lucky. There is not much risk in this market at all.
Here is the article:
Risk of Home Depreciation Low in DFW
This Happy News Brought To You By:
Newport Homebuilders
www.newporthomebuilders.com
469.854.6640
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