It’s probably not going to be a shock that the real estate market is softening. After a period of low-interest record rates, we’ve seen a significant increase in the average mortgage after multiple subsequent rate point hikes from the Fed as it tackles inflation. This has hampered both buyers and sellers. This creates a lock-in effect. Homeowners like you probably hold a low-interest rate mortgage and are reluctant to sell in an environment with rising rates. Buyers also don’t want a high-interest rate, but there are still buyers in the market. Mortgage companies offer alternatives to a 30-ye ..read more

At Dallas & Beyond Real Estate Group, we believe in empowering our clients with the knowledge they need to make informed decisions. Today, we'll delve into the concept of Comparative Market Analysis (CMA) and its significance in the real estate market. What is a Comparative Market Analysis (CMA)? A Comparative Market Analysis, or CMA, is a vital tool utilized by real estate professionals to determine a property's market value. It involves analyzing similar properties that have recently sold in the same area, considering factors such as location, size, amenities, and condition. Why is a CM ..read more

Introducing the Dallas & Beyond Real Estate Group! We've got you covered with expert advice on how to buy one house while selling another. Timing is crucial, and we're here to help you get it right. Let's dive into the key steps you need to take: Determine your financial readiness: Before making any moves, assess your financial situation. Our team at Dallas & Beyond Real Estate Group can connect you with trusted mortgage professionals who will guide you through the process. Get your current home market-ready: To sell your existing home quickly and at the best price, our experienced ag ..read more

In the dynamic real estate landscape of North Texas, the month of April has brought noteworthy developments. Let's dive into the latest market update and discover the trends that are shaping the homebuying and selling experience.      Key Highlights: Increased Listings: Active listings have witnessed a notable uptick across all counties compared to the previous year, indicating a healthy level of inventory available in the market. Growing Demand: However, the demand from homebuyers is outpacing the available supply, creating a need for more inventory to meet the increasing ..read more

A worldwide pandemic and an economic recession have had a tremendous effect on the nation. The uncertainty brought about by both has made predicting consumer behavior nearly impossible. For that reason, forecasting home prices has become extremely difficult. Normally, there’s a simple formula to determine the future price of any item: calculate the supply of that item in ratio to the demand for that item. In housing right now, demand far exceeds supply. Mortgage applications to buy a home just rose to the highest level in 11 years while inventory of homes for sale is at (or near) an ..read more

          In 2020, buyers got a big boost in the housing market as mortgage rates dropped throughout the year. According to Freddie Mac, rates hit all-time lows 12 times this year, dipping below 3% for the first time ever while making buying a home more and more attractive as the year progressed (See graph below):When you continually hear how rates are hitting record lows, you may be wondering: Are they going to keep falling? Should I wait until they get even lower? The Challenge with Waiting The challenge with waiting is that you ca ..read more

With more U.S. states reopening for business this summer, and as people start to return to work, we can expect the economy to begin improving. Most expert forecasts indicate this economic recovery will start to happen in the second half of this year. As we get back to work and the financial landscape of the country begins to turn around, many experts also agree that real estate has the potential to lead the way in the recovery process. According to Ivy Zelman of Zelman & Associates:  “Housing will fare better than expected during this severe downturn.” In addition ..read more

Based on the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by 1.2% (3.22% to 4.42%) since January of this year. The rate jumped by more than a quarter of a point from just a week ago. Here’s a visual to show how mortgage rate movement throughout 2021 was steady compared to the rapid increase in mortgage rates this year: Just a few months ago, Freddie Mac projected mortgage rates would average 3.6% in 2022. Earlier this month, Fannie Mae forecast mortgage rates would average 3.8% in 2022. As ..read more

Selling a property can be just as stressful as buying one. Your home is where your treasured memories—and probably your largest financial investment—reside. You want every part of the sale to go smoothly. So don’t let incorrect or outdated ideas influence your transaction! Avoid these myths when you put your house on the market: MYTH: Remodeling Projects Always Yield Dividends When You Sell. Your renovation could pay off when it’s time to sell, but many don’t. Some updates may make your property more attractive to buyers, and others do raise appraisal values and sale prices, but don’t count on ..read more

       In real estate, it’s normal to see ebbs and flows in the market. Typically, the summer months are slower-paced than the traditionally busy spring. But this isn’t a typical summer. As the economy rebounds and life is returning to normal, the real estate market is expected to have an unusually strong summer season. Here’s how this summer is stacking up against the norm and what it means for you. Inventory is increasing. According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), inventory levels hav ..read more