North Texas realtors say the housing market is balancing out – and the market is hot

According to some North Texas realtors, the housing market is finally balancing out and now's the time to buy.

The housing market is finally balancing out, according to some North Texas realtors.

“I would say now’s the time to buy. It’s more balanced. It’s not a seller’s market anymore,” says Williams Trew Real Estate realtor Debbie Petty.

Petty sells homes in Fort Worth and says the housing market has reached pre-pandemic levels.

According to MortgageGageReports.com, the interest rates for a 30-year mortgage were as low as 3% in 2021. Now, in 2024 it is around 7%.

“So, it’s not a seller’s market. It’s not a buyer’s market. It’s getting very balanced, there’s more inventory, and for us, we really like to see that what you want in real estate is a win-win for the buyer in the seller,” Petty explains.

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Source: CBS News

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