DFW Area Home Sale Prices to keep rising in 2021
According to Realtor.com, home prices in the Dallas-Fort Worth area are expected to keep increasing through the rise should be moderate.
The median home price is expected to rise by 4.4%. Home sales are expected to rise by 11.3% in 2021. Currently, home sales and home prices are at record levels due to the historically low mortgage rates. Rates are expected to remain low as the Federal Reserve has indicated that the fed rate will remain low. 2021 housing market should be more normal
with inventory rising, home prices leveling off and of course the promise of a vaccine which should ease buyer's minds. That's not to say that buyers should wait and hope for falling home prices, that likely will not happen
Demand will continue to keep prices stable and on the rise as people move to Texas and Gen Z and millennials impact the home buying market. Rates are expected too slightly increase in the later part of 2021.
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