February 14th, 2022 4:14 PM by Shawn Smith NMLS#863501
Anyone interested in buying a home in Dallas, Texas or the surrounding area knows one thing. It’s getting more expensive, inventory is low, and people are still moving here faster than ever. That means besides our existing homes, new home builders are busier than ever. Finding the right realtor and the right home mortgage lender to guide you through the process is important.
In February, new home sales nationwide did better than existing home sales. Newly constructed single family homes rose 6.1 percent from January to February to a seasonally adjusted rate of 592,000 units. The February rate of sales was 12.8 percent higher than the rate of 525,000 units in February 2016. January sales were revised from an original estimate of 555,000 to 558,000.
Some of the tightest markets here in the Dallas/Fort Worth area the past few months have been Mesquite, Garland, Bedford, Hurst and Richardson. Now buyers can expect to be looking even further north and east to find homes into areas such as Anna and Royce City.
With a short supply of homes for sale and an overwhelming amount of new home and existing home shoppers, it’s important to be prepared to act fast. Sublime Financial can help you decide on the best home loan for your needs so you can concentrate on finding the right home. Please contact us today with any questions you may have.
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