The housing market has seen some changes over the last few years, leaving many families to wonder if now is the right time to buy a home. Here in North Texas, buying a home is a goal for many, but understanding the right moves to take can be difficult. When you start to plan for your move, take some time to meet with a trusted team of home loan professionals to understand your options in financing.
At Family Home Loan Texas in Frisco, TX, we are here to help you find your way into a home that you love. Due to a few factors, there has been limited housing stock over the last few years, making purchasing a difficult prospect for many families. This dam appears to be breaking, as the DFW Metroplex has been building a record number of new properties from Duncanville to Decatur. If you have been looking to make a change from renting into homeownership, now could be your opportunity to strike. Give us a call to schedule a time to discuss your options!
Been Holding Off On That New Home?
If you are like many North Texas families, then you struggled to find a home during the pandemic. During the past few years, there have been bidding wars for housing all across the country, and the Metroplex was a particularly difficult place to find an affordable new home. Sellers were expecting to receive qualified offers well above asking price, and homes were going fast.
Now, the market has slowed down significantly due to a number of factors. First, many people who were looking for a new place to live found their spot. Secondly, the raise in interest rates has made previously affordable housing solutions make just a little bit less sense over the lifespan of a mortgage. 2024 offers some daylight in the housing market, however, so it might be your time to make a move.
2024 Could Be Your Year To Buy
As the market thaws a little bit after the rise in interest rates, it could be the right time to start looking for a home. Our area has been hard at work in building new homes all across the metro, which has been a help in increasing available housing stock. Interest rates have simultaneously been steadily decreasing as inflation lowers, making buying a more attractive solution for many families.
Learn More With FHL Texas
If you have been thinking about making the switch from renting into homeownership, 2024 provides unique opportunities. Our housing stock is increasing, and interest rates are starting to come down. To find out more about your options in financing a new home, speak with our team at FHL Texas in Frisco, TX by calling (214)447-7575!
