Dallas-Fort Worth saw single-family home sales fall 30% from November 2021 to 2022, the sharpest decline since 2010.
Dallas-Fort Worth single-family home sales fell 30% from November 2021 to 2022, the sharpest decline since immediately after the Great Recession.housing market report
Jim Gaines, an economist for the Texas Real Estate Research Center, said the declines point to a market stabilizing from the record-breaking figures seen a year ago. Homes are taking 44 days on the market to sell, the longest since June 2020. Some sellers have lowered list prices andall-time lowGaines said that the interest rate increases aren’t the only thing deterring buyers. Lenders have also upped their underwriting standards and are making it tougher to get loans.
She said sellers who are on the fence about selling their homes may be “kicking themselves a little bit” because they missed the best time to sell, especially if they aren’t willing to get their homes in pristine condition.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former Dallas police officer faces murder charge in shooting of neighbor in Fort WorthA former Dallas police officer faces a murder charge in the shooting of her neighbor in Fort Worth. 43-year old Cathryn “Cat” Lafitte was booked into Tarrant...
Read more »
Holiday lights illuminate Dallas-Fort Worth neighborhoods for free, festive funChristmas lights are shining bright on houses and other areas across North Texas.
Read more »
35+ Dallas-Fort Worth restaurants with Christmas dining specialsHere's where to eat in Dallas-Fort Worth for Christmas.
Read more »
As nature talks unfold, here's what '30 by 30' conservation could mean in CanadaPrime Minister Justin Trudeau was unequivocal Wednesday when asked if Canada was going to meet its goal to protect one-quarter of all Canadian land and oceans by 2025.
Read more »
First U.S. Bills Signed by Two Women Unveiled in Fort WorthHistory was made Thursday at the western plant of the Bureau of Engraving and Printing in Fort Worth when the first bills with the signatures of two women were unveiled.
Read more »