Sunday Jan 01, 2023

Buying a House Just Got Cheaper in DFW | January 2023 North Texas Market Update

@HansenRealtorsDFW on YouTube and Insta

How is the Dallas-Fort Worth Housing Market? What's happening to Mortgage Interest Rates? Can people afford to buy a house? Are houses harder to sell? Are home prices dropping? Should you move to North Texas and DFW right now? Is now a good time to buy or sell a house? Is it a buyers or sellers market?

Chase explains how the market shift has impacted the Dallas Fort Worth Area and what experts are saying about 2023 for the real estate market, interest rates, and affordability.

In the "News on the Ground", Chase shares the current state of the DFW home market for home buyers and home sellers. Buyers are already returning to the market and have access to some of the cheapest prices we expect to see this year. This is good for sellers too because more buyers means that days on market will drop and selling will get easier. Chase warns buyers and sellers alike not to make the mistake of using just any agent. This market is more complicated and will take more expertise to navigate and protect you as a consumer.

In the "Nerd Corner", Chase shares why mortgage rates have been dropping and what the experts are predicting for the next year. Mortgage interest rates impact affordability and lower rates open up access to more buyers. Chase give tips to maximize your impact as a buyer if you have been waiting for mortgage rates to get lower.

Chase Hansen, a Realtor with Remax Pinnacle Group in Central DFW (based in Arlington), gives monthly updates into the DFW home market that provide insight into what it is like for buyers and sellers in the current market, and what the broader market trends and statistics are saying. If you or someone you know are looking to buy, sell, rent, or invest in residential real estate in North Texas, I'd love to help!

Email for help and questions! Follow and reach out on Instagram @HansenRealtorsDFW and find the video version of this on YouTube @HansenRealtorsDFW

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