I think the best prediction is modest declines to gains to flat for the short term until something big happens with rates, inflation or some kind world event. Not just people waiting to buy, but waiting to sell. Who wants to sell when they have a 3ish mortgage when rates are more than double that and most people would need a new mortgage? Aren't buydowns usually not worth it financially unless you need to qualify? Dallas also seems close to the national average, but Austin is not the same story. Same with DFW suburbs like you mentioned. Some DFW suburbs are way hotter than others.
Yeah we've been seeing some flat lining in areas around the metroplex. I dont know if we will see much of a decline with inventory still being low with people holding out on selling. But I think your analysis is pretty spot on! On your question about buy downs, it has to be a seller paid expense, so if you can get that done great. But it's really six in one half dozen in another, you really are just having them prepay the interest that would have been paid over that period. For some buyers it will help to keep payments lower in the short term with hopes to rates will drop for them to lock in a lower interest rate.
As a local investor, crazy short term appreciation is fun, but I’ll tell ya what’s better…predictable appreciation over a 10-20 yr spread 💯💯enjoyed the balanced outlooks here fellas..cheers! total aside here, but do y’all ever try any subject to financing for acquisitions? been looking into this recently and seems to be an interesting means of grabbing that low interest rate right now..
We couldnt agree more. The jump in equity for anyone who had bought over the last few years has been great, but can also be painful to anyone that sat the market out. It would be tough for us to advise a seller to go that route, but we have discussed the option of more traditional assumable mortgages. These seem to be a little more difficult, but can work great for the right situation!
