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Housing Supply Overview – DFW Area

Housing Supply

As the housing market continues to prod along there are signs of life at the $500K & up price ranges.  Housing Supply information is from the MLS February sales data.  The upper end market has been most effected by tighter lending requirements based on a greater amount to lend.  Banks still tend to be weary of large loan packages.  A 15.1% increase in sales does look like that could be easing.  Resales are outpacing new homes sales because buyers are finding better values in prime locations.  The spring market is picking up steam and there is plenty of inventory to preview, so if you’ve being thinking about buying or starting the process timing couldn’t be more perfect.  Rates could be rising so now would be a good time to buy in the DFW Market.

About Terry Smith

Passionate about real estate, positive problem solver, specialty boutique real estate brokerage that does things your way! A full-time Broker & REALTOR®, helping people buy and sell homes in the Dallas - Plano area. Whether you're a buyer just starting out or someone with luxury properties to sell. I have extensive knowledge and experience to help you with your real estate transaction. I am a native Dallasite. Have questions? Ask me. You can find me on Google+ and Pinterest.

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