February, 2018 RSS Icon
Found 2 entries for February, 2018.

Mortgage Interest Rates affecting home buyers in Keller, Southlake, Trophy Club

Is Waiting to Buy Your Road to Nowhere?

For several years now rising home prices in Keller, Southlake, Trophy Club and other North Texas areas have forced home buyers to expect less and less for their home buying dollars.  Now rising interest rates appear be an additional factor those considering a home purchase will have to navigate as well.  Just like rising home prices, rising mortgage interest rates have a direct impact on your monthly payment and which homes you can qualify to buy.  

And each step up in rates, especially when combined with increasing housing prices, bodes poorly for those sitting on the fence.

Where are mortgage interest rates going in 2018?  Below are the projections from Freddie Mac’s U.S. Economic & Housing

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Selling your Keller or North Ft Worth Home?
Buyer Traffic is Even Stronger Now then Last Spring

Why the ALL CAPS and Exclamation points?  The North Ft. Worth, Keller and Trophy Club market has been on fire for home sellers for a few years now. But now that the final numbers for the 2017 area housing market are in, one thing is clear:  It's time to list your house.

How did we wrap up in 2017?

  • New-home sales were at their highest level in a decade.
  • Sales of previously owned homes were at their highest level in more than a decade.
  • Starts of single-family homes were their strongest in 10 years.  Plus new home permit applications grew to the fastest pace since August 2007.

And Bloomberg Business just reported: “America’s housing market is gearing up for a robust year ahead.

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