DFW housing market heads into 2024 with hope for improvement

With the Federal Reserve signaling a halt to interest rate hikes, housing industry leaders are more optimistic about the year ahead.
Editor’s note: This story is part of our Mixed Signals: 2024 Economic Forecast for Texas, featuring stories about labor, inflation, housing, migration, rising utility costs and other factors propelling the North Texas economy.
Lower mortgage rates top the housing sector’s wish list for 2024.
The biggest interest rate run-up in more than two decades depressed home sales this year and slammed the brakes on house price increases in North Texas after years of huge gains.
With the Federal Reserve signaling a halt to interest rate hikes, housing industry leaders are more optimistic about the year ahead.

Click here to read the full article
Source: The Dallas Morning News

—–

If you have any questions or thoughts about the topic, feel free to contact us here or leave a comment below.

You might also like
Discover the significance of historic preservation in Dallas real estate. Explore challenges, benefits, and the enduring charm of restored architectural gems. Uncover the soul of the city's past!Historic preservation and restoration in Dallas real estate
The combination of high mortgage rates, steep home prices and low inventory levels are lining up to make the 2024 housing market a challenging one for both buyers and sellers.Housing market predictions for 2024
A luxury real estate brokerage headed by the nephew of Dallas Cowboys owner Jerry Jones has expanded with an office in Fort Worth.Jerry Jones’ nephew jumps into Fort Worth’s luxury housing market
Dallas suburb of McKinney has appeared at the top in RentCafe's "Best Cities for Renters to Live in 2024" report.One Dallas suburb edges out another as a top city for renters in 2024
Unlock the Potential: Investing in Fort Worth Homes - Explore Rising Real Estate Market, Investment Strategies, and Top Neighborhoods.Investing in Fort Worth homes: Is it a wise choice?
The total value of the US housing market is 49% higher than before the pandemic.The value of residential real estate broke a new record $52 trillion
The median price for a new home was still above $400,000 in April despite more homes on the market and high interest rates.Housing supply gets much-needed boost in time for D-FW’s prime buying season
According to some North Texas realtors, the housing market is finally balancing out and now's the time to buy.North Texas realtors say the housing market is balancing out – and the market is hot
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *