The 2016 real estate market is seeing three main groups of people looking to make a home purchase.
Relocators—Whether they’re coming for job opportunities, corporate relocations or take advantage of the reasonable cost of living, people are arriving in North Texas at record pace—more than 1,000 a day, say some experts. And many of these newcomers are eager to get in the homeownership game in this rising economy.
Upsizers—Buyers who have been waiting and saving are ready to make a move to larger properties in neighborhoods with great schools, plenty of green space and easy access to major commuter arteries.
Downsizers—No longer to people live in their family home for their entire life. For many in the post parenting years, the right home for this new season of life includes single-level or high-rise living, convenient access to familiar places.
For sellers who have been waiting for a strong market so they can list their home, now is the time. Interest rates continue to be historically low, inventory levels are low and buyers who have put off making a move are out in the marketplace looking for properties.
Learn more about living in the Southlake area. Visit the Best Neighborhoods Site in DFW.
For more luxury homes throughout North Texas, see briggsfreeman.com. President and CEO Robbie Briggs independently owns and operates Briggs Freeman Sotheby’s International Realty with offices in Dallas, Fort Worth, Uptown, Lakewood, Ranch and Land, The Ballpark and Southlake.