November 2015

There are 1 blog entries for November 2015.

I do not have a "crystal ball" when it comes to predicting where our real estate market will go in 2016 but I think I can make some educated guesses. First, let talk about what is happening now in the market. Prices in the Collin County-North Dallas area have seen 10% increases plus in some areas. Inventory of homes for sale has remained low and this is causing the price increases. Less homes to purchase, high demand and the market dynamics work as they always do, prices go up. Next, interest rates have been subdued which means they are favorable. This is the market that exist today. So what's next?

2016 will remain a very tight market for at least the first half of the year. It takes time to build inventory. If we don't build inventory of homes for

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