Moving Houses in a Changing Economy in DFW | March 2023 Housing Market Update North Texas

How is the Dallas-Fort Worth Housing Market? How does a recession or changing economy impact buying or selling a house? Is it a good time to buy a home in Fort Worth? Is it a good time to sell a house in Dallas? What's happening with mortgage rates and home affordability? Should you move to North Texas and DFW right now? Is it a buyers or sellers market?

Chase explains how changing factors and volatility have impacted the Dallas Fort Worth Area housing market so far in 2023, and how buyers and sellers can best take advantage of a unique Real Estate Market.

In the "News on the Ground", Chase shares the current state of the DFW housing market for home buyers and home sellers. Buyers are dealing with changing mortgage interest rates and affordability, but many have factored these costs in already. We have continued to see competition and even some multiple offer situations in houses that are well priced and in good condition, especially in the first time home buyers price point. Sellers can take advantage of the lower inventory, but should consider the pressures on buying conditions as a warning sign and price wisely. Those who want to sell this year in Dallas Fort Worth area will do best if they seek competent professionals and price based on current market research.

In the "Nerd Corner", Chase shares the competing factors and trends that are causing so much uncertainty and volatility in what he is calling the current tug of war of the real estate market. Essentially, there are several factors that alone would push house prices down or up, but because they are all happening at the same time lead to conflicting signals and narratives in the news cycle. Chase advises that people should base their decisions on factors that are less volatile, namely their budget and house needs along with the historical trends. Hopefully the info shared in this section can help people make more confident home buying or selling decisions on timelines that are right for them, not based on fear and news cycles.

Chase Hansen, a Realtor with Remax Pinnacle Group in Central DFW (based in Arlington), gives monthly updates for the Dallas-Fort Worth 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!

 

Contact Me:

Email directly at ChaseHansen@Remax.net

Follow and DM on Instagram @HansenRealtorsDFW

Feel free to reach out and let me know how I can help!

 

The video version of this is at "Chase Hansen - DFW Realtor" on YouTube!