“Interest Rates, Inventory, Buyers or Seller’s Market”?
Posted by Roxanne DeBerry on
Questions about this market can be confusing when looking at the national news. However, it really isn’t that complicated. Let’s start with interest rates. As of about August 8th interest rates have moved to a favorable 6.34% which is much better than last year at this time. Inventory, has grown significantly in all areas of the DFW area and that has increased the ability for home buyers to have more choices. It has also given home sellers more competition to deal with.
There are areas of the DFW area that I would consider a buyer’s market because the inventory has reached close to 5 months. However, the real estate gurus would say unless it is over 6 months it is more of a balanced market than a buyer’s market. I disagree. Why do I disagree? I am…
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