Dallas Area Home Prices Soar In 2016 What Will 2017 Bring Us
I was reading an article on The Dallas Morning News entitled “Soaring Dallas-area home prices a third higher than before recession”. Dallas-area prices are about 33 percent higher than at the last housing market peak before the recession.
Dallas was one of the top five cities for annual home price gains in October, according to Case-Shiller. Area prices were 8.1 percent higher than a year ago in the latest nationwide comparison.
National home prices were 5.6 percent ahead of October 2015 levels. Seattle, Portland, Denver and Dallas were the markets with the biggest home value increases.
I believe home prices and interest rates will continue to rise into the summer of 2017 for the Dallas area because many large companies will be opening their new offices this year and bring with them workers and thus- new home buyers.
With that in mind, I would recommend you buy a home sooner rather than latter. If you need help with First Time Home Buyer programs, FHA, VA, USDA or Jumbo Loans for luxury homes, give me a call today at (214) 945-1066 or apply online now for a complimentary pre-approval.
Richard Woodward, NMLS 217454
Your Local, Direct, 5 Star Rated Mortgage Lender
Office: (214) 945-1066
www.MortgageProsUs.com
Licensed by the Texas Department of Savings and Mortgage Lending (SML) Mortgage Banker Registration. Equal Housing Lender. This is not an offer of credit or commitment to lend. Loans are subject to buyer and property qualification. Rates and fees are subject to change without notice. Link to RMLO Complaint recording instructions.
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