Homeowners have spoken. With mortgage interest rates experiencing their first rise in more than nine years, people looking to sell are listing homes now, while buyers still have access to affordable money.
The Dallas-Fort Worth region is looking forward to continued, healthy growth in the real estate market in 2016, according to a range of reports by real estate experts nationwide.
“Our growth following the downturn has been slow, steady and sustainable,” said Robbie Briggs, President and CEO of Briggs Freeman Sotheby’s International Realty. “Thanks to the dedication and expertise of our region’s leaders, economic development in all sectors has supported a vibrant real estate market.
Foreign investors love the U.S. residential housing marketing, according to a recent report by CNN Money.
Purchasers from Canada, Mexico, India and the U.K. are leading the pack right now, and they’re bullish on the country’s growth indicators, according to the report.
Says CNN Money:
“The U.S. has been named the hottest market for global residential property in a survey of 14 countries by real estate advisors Savills. The researchers analyzed economic and demographic trends to forecast how much prices in popular cities will rise over the next five years.
“And the essential ingredients for solid returns? A combination of population growth, rising wealth and limited housing supply.”
Even more close to home, a survey by PriceWaterhouseCoopers and the Urban Land Institute found that Dallas-Fort Worth is the top market to watch for overall real estate prospects. That means investment, development and homebuilding are booming, according to the Emerging Trends in Real Estate 2016 report.
When you’re buying a home in a tight market, the help of a good real estate agent is vital. You’ll likely be dealing with multiple-offer situation … and an experienced agent will know how to help you write a deal that gives you the edge over competing buyers.
We asked our expert agents how they’re dealing with multiple-offer situations. Here’s what they had to say …