The HOT 2012 Market
The Texas Heat isn’t the only thing spiking this year…the Dallas-Fort Worth Real Estate Market is getting HOT, HOT, HOT!
Here are the Top 3 Reasons:
1:Rising Rents: Just like the Texas Temperatures, Rents are rising everywhere, which are encouraging developers to get off the sidelines and begin constructing homes and apartment buildings. Rising rents mean a stronger demand, which is always good news for builders. In addition, many of those renters, facing higher rents, have made the move to homeownership, thereby spurring growth for single-family homes. Many Dallas residents, once they consider they can secure a mortgage that is the same, or even lower, than their rent, have begun making the move to being a home owner!
2:Optimistic Job Market: The job market has strengthened significantly since last year, leading many Dallas-Fort Worth residents to either get better jobs or get more secure jobs. The more secure individuals feel in their career, the more likely they are to consider purchasing a home. A better job market=A better Real Estate Market!
3:Better Lending: Hitting Rock Bottom isn’t always perceived as a positive but when it comes to interest rates it’s a major plus for home buyers. Lenders have finally begun easing up which means more Dallas-Fort Worth residents are eligible for home loans. Lowers down payments and such allows for more renters to become home buyers.
If you have any questions or are looking for your first/next HOT Home, we here at CLAYSTAPP+CO are always happy to assist you!
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