North Texas Market Update December 2016

    With Christmas week upon us, we prepare for motivated buyers to come into town visiting family or taking advantage of time off with their relocation packages/paid time off. Sellers are on the market in fall, this means they need to move or sell.  As a VPP Seller, we can work with showings around your holiday schedule. Just let us know if you have any special needs or restrictions.

    Market numbers compared to last year, we are up 872 homes on the market over last year. There is slightly more inventory compared to last year and more homes for Buyers to choose from.

    The Fed announced last week that they will raise interest rates 1/4 of a point. That means that the same home will cost more next year. Although this is a small hike, we need to make sure that Buyers understand that this will effect buying power over time. We’ll continue to watch numbers and interest rates as the Fed gains more confidence in the economy.

    Looking forward to a great 2017 and thank you all for your support and referrals to make 2016 a record year. Cheers to prosperity for you and your family in the holiday season.

     

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