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		<title>Fort Worth weekly real estate update</title>
		<link>https://qmcproperties.com/fort-worth-weekly-real-estate-update/</link>
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		<dc:creator><![CDATA[QMC Properties]]></dc:creator>
		<pubDate>Tue, 15 Mar 2022 18:22:00 +0000</pubDate>
				<category><![CDATA[Blog]]></category>
		<guid isPermaLink="false">https://qmcproperties.com/?p=1233</guid>

					<description><![CDATA[FORT WORTH (&#160;STACKER&#160;) — The changes to the housing market are moving at a neck-breaking pace. To help you stay current on the market,&#160;ZeroDown&#160;compiled a weekly real estate market report in Fort Worth using data from&#160;Redfin&#160;. Statistics are as of the four weeks ending March 6, 2022. Metros with more than 50 homes sold during&#8230;&#160;<a href="https://qmcproperties.com/fort-worth-weekly-real-estate-update/" rel="bookmark"><span class="screen-reader-text">Fort Worth weekly real estate update</span></a>]]></description>
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					<h1 class="elementor-heading-title elementor-size-default">Fort Worth weekly real estate update</h1>				</div>
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															<img fetchpriority="high" decoding="async" width="768" height="576" src="https://qmcproperties.com/wp-content/uploads/2022/03/Fort-Worth-weekly-real-estate-update-768x576.jpg" class="attachment-medium_large size-medium_large wp-image-1234" alt="" srcset="https://qmcproperties.com/wp-content/uploads/2022/03/Fort-Worth-weekly-real-estate-update-768x576.jpg 768w, https://qmcproperties.com/wp-content/uploads/2022/03/Fort-Worth-weekly-real-estate-update-300x225.jpg 300w, https://qmcproperties.com/wp-content/uploads/2022/03/Fort-Worth-weekly-real-estate-update.jpg 980w" sizes="(max-width: 768px) 100vw, 768px" />															</div>
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									<div class="ArticlePage-articleContainer"><div class="ArticlePage-articleBody"><p>FORT WORTH ( STACKER ) — The changes to the housing market are moving at a neck-breaking pace. To help you stay current on the market, ZeroDown compiled a weekly real estate market report in Fort Worth using data from Redfin . Statistics are as of the four weeks ending March 6, 2022. Metros with more than 50 homes sold during this time period were considered for metro-level rankings for each statistic.</p><p>Real estate is making headlines again this week, and for good reason. The housing market broke another all-time record in January 2022, with 70% of the homes on the market that month ending in a bidding war between buyers, according to data released Feb. 23. That rate was up by nine percentage points compared to the same time last year.</p><p>The milestone is good news for sellers—but another hurdle for potential homebuyers.</p><p>Dallas weekly real estate update</p><p>Sellers are able to capitalize on the lack of inventory and extremely high demand to command higher prices for their homes. Bidding wars also likely contributed to the recent jump in the average purchase loan size for conventional loans, which set a new record of $453,000 in late February.</p><p>Bidding wars represent yet another hurdle for potential homebuyers, on the other hand, who have already faced not only record-high home prices but record-low levels of housing inventory—and the looming threat of increased interest rates over the last several months.</p><p>All this spell a potentially rough several months ahead for homebuyers looking for a deal—or any buyer who’s looking for a property to purchase.</p><h2>Median sales price</h2><p>Fort Worth, TX metro area:<br />– Median sales price: $347,375<br />– One-year change: +21.1%</p><p>Metros with highest median sales price<br />#1. San Francisco, CA metro area: $1.6 million<br />#2. San Jose, CA metro area: $1.5 million<br />#3. Santa Cruz, CA metro area: $1.3 million</p><p>Metros with lowest median sales price<br />#1. Springfield, OH metro area: $121,175<br />#2. Cumberland, MD metro area: $122,625<br />#3. St. Joseph, MO metro area: $125,488</p><h2>Median sales price per square foot</h2><p>Fort Worth, TX metro area:<br />– Median sales price per square foot: $179<br />– One-year change: +23.5%</p><div class="nb-ad-placeholder"> </div><p>Metros with highest median sales price per square foot<br />#1. San Francisco, CA metro area: $1,101<br />#2. San Jose, CA metro area: $923<br />#3. Kahului, HI metro area: $835</p><p>Metros with lowest median sales price per square foot<br />#1. Cumberland, MD metro area: $81<br />#2. St. Joseph, MO metro area: $90<br />#3. Anniston, AL metro area: $92</p><h2>Sales to list price ratio</h2><p>Fort Worth, TX metro area:<br />– Average sales to list price ratio: 1.02<br />– One-year change: +0.02</p><p>Metros with highest sales to list price ratio<br />#1. San Jose, CA metro area: 1.14<br />#2. San Francisco, CA metro area: 1.12<br />#3. Oakland, CA metro area: 1.12</p><p>Metros with lowest sales to list price ratio<br />#1. Cumberland, MD metro area: 0.95<br />#2. Jonesboro, AR metro area: 0.95<br />#3. Watertown, NY metro area: 0.96</p><div class="nb-ad-placeholder"> </div><h2>Homes sold with price drops</h2><p>Fort Worth, TX metro area:<br />– Homes sold with price drops: 14.1%<br />– One-year change: -3.7%</p><p>Metros with most homes sold with price drops<br />#1. Grants Pass, OR metro area: 37.8%<br />#2. St. Joseph, MO metro area: 37.6%<br />#3. Watertown, NY metro area: 37.1%</p><p>Metros with least homes sold with price drop<br />#1. San Jose, CA metro area: 4.2%<br />#2. Seattle, WA metro area: 4.5%<br />#3. Hinesville, GA metro area: 5.4%</p><h2>Off market in two weeks</h2><p>Fort Worth, TX metro area:<br />– Off market in two weeks: nan%<br />– One-year change: +nan%</p><p>Metros with the most homes off market in two weeks<br />#1. Seattle, WA metro area: 92.3%<br />#2. Olympia, WA metro area: 89.7%<br />#3. Denver, CO metro area: 87.8%</p><div class="nb-ad-placeholder"> </div><p>Metros with the least homes off market in two weeks<br />#1. Myrtle Beach, SC metro area: 1.4%<br />#2. Oshkosh, WI metro area: 4.4%<br />#3. Appleton, WI metro area: 4.6%</p><h2>Months of supply</h2><p>Fort Worth, TX metro area:<br />– Months of supply: 4.6 months<br />– One-year change: -3.3 months</p><p>Metros with the most months of supply<br />#1. Atlantic City, NJ metro area: 19.4 months<br />#2. New York, NY metro area: 17.8 months<br />#3. Kankakee, IL metro area: 15.7 months</p><p>Metros with least months of supply<br />#1. Lewiston, ME metro area: 1.9 months<br />#2. Denver, CO metro area: 3.0 months<br />#3. Olympia, WA metro area: 3.1 months</p></div></div><p style="text-align: left;">Source: <a href="https://www.newsbreak.com/news/2541471456976/fort-worth-weekly-real-estate-update" target="_blank" rel="noopener">NewsBreak</a></p>								</div>
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		<title>Dallas-Fort Worth led 2021′s record-breaking Texas housing market</title>
		<link>https://qmcproperties.com/dallas-fort-worth-led-2021%e2%80%b2s-record-breaking-texas-housing-market/</link>
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		<dc:creator><![CDATA[QMC Properties]]></dc:creator>
		<pubDate>Tue, 08 Mar 2022 18:45:38 +0000</pubDate>
				<category><![CDATA[Blog]]></category>
		<guid isPermaLink="false">https://qmcproperties.com/?p=1226</guid>

					<description><![CDATA[The number of home sales and the median home price statewide hit record-breaking highs in 2021, with Dallas-Fort Worth agents leading the state in sales, a new report from Texas Realtors shows. The state saw 416,853 sales last year, up 6.2% from 2020. More than a quarter of 2021′s sales statewide were in the DFW&#8230;&#160;<a href="https://qmcproperties.com/dallas-fort-worth-led-2021%e2%80%b2s-record-breaking-texas-housing-market/" rel="bookmark"><span class="screen-reader-text">Dallas-Fort Worth led 2021′s record-breaking Texas housing market</span></a>]]></description>
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					<h1 class="elementor-heading-title elementor-size-default">Dallas-Fort Worth led 2021′s record-breaking Texas housing market</h1>				</div>
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															<img decoding="async" width="580" height="326" src="https://qmcproperties.com/wp-content/uploads/2022/03/Texas-housing-market.jpg" class="attachment-medium_large size-medium_large wp-image-1227" alt="Texas housing market" srcset="https://qmcproperties.com/wp-content/uploads/2022/03/Texas-housing-market.jpg 580w, https://qmcproperties.com/wp-content/uploads/2022/03/Texas-housing-market-300x169.jpg 300w" sizes="(max-width: 580px) 100vw, 580px" />															</div>
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									<div class="ArticlePage-articleContainer"><div class="ArticlePage-articleBody"><p>The number of home sales and the median home price statewide hit record-breaking highs in 2021, with Dallas-Fort Worth agents leading the state in sales, a new report from Texas Realtors shows.</p><p>The state saw 416,853 sales last year, up 6.2% from 2020. More than a quarter of 2021′s sales statewide were in the DFW area, with local real estate agents selling 112,379 homes. The region’s number of home sales stayed relatively flat from 2020 to 2021, dipping slightly by 0.2%.</p><div class="nb-ad-placeholder"> </div><p>The number of Austin sales increased 2.7% to 41,401, Houston sales grew 12% to 111,115, and San Antonio sales rose by 4.7% to 42,053.</p><p>“Demand for housing hit an all-time high, and we saw many multiple-offer situations, including homes that attracted dozens of offers and sold for well above asking price,” said Russell Berry, 2022 chairman of Texas Realtors, in the report. “Some buyers found it a frustrating environment.”</p><p>The median sale price in DFW soared 18.6% to $345,000 compared with 2020. Statewide, the median price reached $300,000, up 15.7% from the prior year.</p><p>Homes sold in an average of 25 days on the market, 20 days less than in 2020.</p><p>Luis Torres, research economist for the Texas Real Estate Research Center at Texas A&amp;M University, said in the report that rising mortgage rates will weaken housing demand and ease home price pressures in 2022.</p><div class="nb-ad-placeholder"> </div><p>“The housing market will remain strong, with the major headwind being the low inventory of homes for sale, especially in the lower price ranges,” Torres said. “Homebuilders are trying to catch up with demand but are facing steep prices for land, materials and labor.”</p></div></div><p style="text-align: left;">Source: <a href="https://www.newsbreak.com/news/2533636118715/dallas-fort-worth-led-2021-s-record-breaking-texas-housing-market" target="_blank" rel="noopener">NewsBreak</a></p>								</div>
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		<title>As Fort Worth rents soar nearly 20%, here’s where you’ll pay the most in Tarrant County</title>
		<link>https://qmcproperties.com/as-fort-worth-rents-soar-nearly-20-heres-where-youll-pay-the-most-in-tarrant-county/</link>
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		<dc:creator><![CDATA[QMC Properties]]></dc:creator>
		<pubDate>Wed, 02 Mar 2022 15:14:29 +0000</pubDate>
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		<guid isPermaLink="false">https://qmcproperties.com/?p=1216</guid>

					<description><![CDATA[Fort Worth’s booming population is driving up rental costs in parts of the city to levels comparable with neighborhoods in Dallas. Blame the population surge that is outpacing the ability of developers to build new homes and apartments. Since January 2020, average apartment rent has soared nearly 20% to near $1,400 per month, according to&#8230;&#160;<a href="https://qmcproperties.com/as-fort-worth-rents-soar-nearly-20-heres-where-youll-pay-the-most-in-tarrant-county/" rel="bookmark"><span class="screen-reader-text">As Fort Worth rents soar nearly 20%, here’s where you’ll pay the most in Tarrant County</span></a>]]></description>
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					<h1 class="elementor-heading-title elementor-size-default">As Fort Worth rents soar nearly 20%, here’s where you’ll pay the most in Tarrant County</h1>				</div>
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															<img decoding="async" width="768" height="432" src="https://qmcproperties.com/wp-content/uploads/2022/03/Apartments03-768x432.jpg" class="attachment-medium_large size-medium_large wp-image-1217" alt="Fort Worth rents soar nearly 20%" srcset="https://qmcproperties.com/wp-content/uploads/2022/03/Apartments03-768x432.jpg 768w, https://qmcproperties.com/wp-content/uploads/2022/03/Apartments03-300x169.jpg 300w, https://qmcproperties.com/wp-content/uploads/2022/03/Apartments03-1024x576.jpg 1024w, https://qmcproperties.com/wp-content/uploads/2022/03/Apartments03.jpg 1140w" sizes="(max-width: 768px) 100vw, 768px" />															</div>
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									<div class="ArticlePage-articleContainer"><div class="ArticlePage-articleBody"><p>Fort Worth’s booming population is driving up rental costs in parts of the city to levels comparable with neighborhoods in Dallas.</p><p>Blame the population surge that is outpacing the ability of developers to build new homes and apartments.</p><p>Since January 2020, average apartment rent has soared nearly 20% to near $1,400 per month, according to the market research firm ApartmentData.com.</p><p>Among the newest complexes with the most amenities, rents averaged $1,744 as of December. Need two bedrooms? You’re looking at over $2,000 a month for a newer apartment.</p><p>“The demand for rental property is just off the charts,” said Tony Sims, property manager with Kimball Real Estate. “You can barely keep a property vacant. As soon as you put a sign in the yard, you’re getting calls about it.”</p><p>Navigating the rental market in Dallas-Fort Worth can be just as tricky as trying to buy a house in this intensely competitive time for real estate.</p><p>Sims said he started to see an increase in demand for housing in Tarrant County in 2017. He estimates that since then, demand has grown by 30% to 40%. Sims has over 20 years of property management experience and oversees 75 rental units.</p><h3>WHERE IS RENT MOST EXPENSIVE IN FORT WORTH?</h3><p>Within the city, you’re likely to pay the most in the downtown and TCU areas, according to ApartmentData.com.</p><p>The average rent in January in these neighborhoods was $1,517, with 89% of units occupied.</p><p><a href="https://qmcproperties.com/wp-content/uploads/2022/03/Apartments01.jpg"><img loading="lazy" decoding="async" class="aligncenter wp-image-1219 size-large" src="https://qmcproperties.com/wp-content/uploads/2022/03/Apartments01-1024x697.jpg" alt="" width="1024" height="697" srcset="https://qmcproperties.com/wp-content/uploads/2022/03/Apartments01-1024x697.jpg 1024w, https://qmcproperties.com/wp-content/uploads/2022/03/Apartments01-300x204.jpg 300w, https://qmcproperties.com/wp-content/uploads/2022/03/Apartments01-768x523.jpg 768w, https://qmcproperties.com/wp-content/uploads/2022/03/Apartments01.jpg 1140w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></p><p>Among other sections of the city and surrounding communities, here are the number of apartment complexes and average rents as of last month:</p><ul><li>South Fort Worth: 76 complexes, $1,067;</li><li>Southwest Fort Worth/Benbrook: 49 complexes, $1,248;</li><li>Far Southwest Fort Worth: 31 complexes, $1,127;</li><li>West Fort Worth (Western Hills, Ridgmark, Ridglea): 83 complexes, $1,024;</li><li>East Fort Worth (Woodhaven, I-30E): 68 complexes, $982;</li><li>Arlington-north: 99 complexes, $1,212;</li><li>Arlington-south: 141 complexes, $1,214;</li><li>Northeast (Haltom City, Richland Hills, Fossil Creek): 76 complexes, $1,305;</li><li>Northeast (Hurst, Euless, Bedford): 138 complexes, $1,286;</li><li>Northeast (Grapevine, Roanoke, Keller): 91 complexes, $1,572;</li><li>Northwest Fort Worth (Saginaw, Eagle Mountain): 37 complexes, $1,117.</li></ul><p> </p><p>To get the most bang for your rental buck, you may want to look outside of downtown/TCU neighborhoods. That’s because you’ll pay the most rent per square foot in these sections of central Fort Worth, an average of $1.74 per square foot per month.</p><p>But if you don’t mind paying a premium, the downtown and surrounding neighborhoods — including some that are being rejuvenated from their industrial past— offer plenty of nightlife, restaurants, views of the skyline and proximity to the Trinity River. Central Fort Worth puts you close to the entertainment on West 7th Street, the Cowtown culture of the Stockyards and an easy walk or ride share to downtown’s Sundance district.</p></div><p>You’re money goes farther in northwest, west or south Fort Worth, where the average rent per square foot per month is about $1.18 or $1.19. There are fewer apartment complexes in some of these areas.</p><p>Around Arlington, to the east of Fort Worth and central to the megaplex, you can expect to pay around $1.42-$1.48 per square foot per month. There are at least 240 apartment complexes here, but in January they were about 94% occupied on average.</p><p>The priciest rental rates outside Fort Worth are to the northeast in Grapevine/Roanoke/Keller, where rent averages $1.67 per square foot. Not far from there, you’ll expect to pay $1.51 per square foot per month in Hurst/Euless/Bedford.</p><h3>WHERE ARE THE NEWEST APARTMENT COMPLEXES IN THE FORT WORTH REGION?</h3><p>The Fort Worth region has seen several new, high-end apartment complexes open within the past year, according to ApartmentData.com. There are more still under construction, and at least 15 proposed complexes throughout the city that would offer both affordable and senior housing. Here are some that began leasing in the past year.</p><p><a href="https://qmcproperties.com/wp-content/uploads/2022/03/7panther-island-.jpg"><img loading="lazy" decoding="async" class="aligncenter wp-image-1220 size-large" src="https://qmcproperties.com/wp-content/uploads/2022/03/7panther-island--1024x683.jpg" alt="" width="1024" height="683" srcset="https://qmcproperties.com/wp-content/uploads/2022/03/7panther-island--1024x683.jpg 1024w, https://qmcproperties.com/wp-content/uploads/2022/03/7panther-island--300x200.jpg 300w, https://qmcproperties.com/wp-content/uploads/2022/03/7panther-island--768x512.jpg 768w, https://qmcproperties.com/wp-content/uploads/2022/03/7panther-island--930x620.jpg 930w, https://qmcproperties.com/wp-content/uploads/2022/03/7panther-island-.jpg 1140w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></p></div><h4>Central Fort Worth</h4><ul><li>Broadway Chapter, 401 Hemphill St.</li><li>Burnett Lofts, 1012 Burnett St.</li><li>Encore Panther Island, 447 N. Main St.</li><li>Overture River District, 4851 Scott Road</li></ul><h4> </h4><h4>Arlington</h4><ul><li>Jefferson North Collins, 735 Washington Drive</li><li>The Truman at Arlington Commons, 505 E. Lamar Blvd.</li></ul><h4> </h4><h4>South of Arlington</h4><ul><li>The Atwell, 2100 E. Broad St., Mansfield</li></ul><h4> </h4><h4>Northeast</h4><ul><li>Cavalli at Iron Horse Station, 6490 Iron Horse Blvd., North Richland Hills</li><li>Sovereign Hometown, 6021 Parker Blvd., North Richland Hills</li><li>Album Keller Ranch, 5640 Keller Ranch Road, Fort Worth</li><li>Artisan Village, 8032 Monterra Blvd., Fort Worth</li><li>Avilla Fossil Creek, 1000 Harmon Road, Fort Worth</li><li>Elan Keller Ranch, 5701 Bovine Drive, Keller</li><li>Magnolia on Oak Street, 601 N. Oak St., Roanoke</li></ul><p> </p><h4><b>Northwest</b></h4><ul><li>Landing at 2EightySeven, 11401 Harp Lane, Fort Worth</li></ul><p> </p><h4>South</h4><ul><li>Columbia at Renaissance Square, 2801 Moresby St., Fort Worth</li><li>The McCoy, 9100 Summit Ridge Road Stallion Ridge, 9000 Balch St., Everman</li><li>The Waverly, 1700 Fairfield Parkway, Burleson</li></ul><p> </p><h4>Southwest</h4><ul><li>The Elm at River Park, 2500 River Park Drive, Fort Worth</li></ul><p> </p><h4>Far Southwest</h4><ul><li>The Gates at Meadows Place, 451 Meadow Place Drive, Willow Park</li><li>Lake Villas, 1000 Quiet Cove Road, Granbury</li><li>The Mark at Weatherford, 172 College Park Drive, Weatherford</li><li>Remington Ridge, 360 Kirkpatrick Drive, Weatherford</li></ul><p> </p><h4>West</h4><ul><li>Album Benbrook, 8601 Cook Ranch Road, Benbrook</li></ul><h3> </h3><h3>WHERE IN TARRANT COUNTY IS DEMAND HIGHEST FOR SINGLE-FAMILY HOMES?</h3><p>Areas to the northwest, west and southwest, including the Burleson area, have had the highest demand for single-family rentals, Sims said, with growing interest in the northeast region. For families who work in Denton or Dallas, there’s a desire to move closer to the edges of Tarrant County.</p><p>“I think a lot of it has to do with location and, if they have kids, a lot of it has to do with the school systems and how they’re scored,” he said.</p><p> </p><h3>HAS COVID-19 IMPACTED RENTAL HOUSING IN TARRANT COUNTY?</h3><p>After people were laid off from their jobs because of the pandemic, it created a need for rental assistance and an eviction moratorium. Sims said he started seeing more renters experience difficulty in paying their rent in late summer of 2020.</p><p>Sims, who is a member of National Association of Property Managers, said all the property managers in the county he knew were trying to jump through hoops to help people stay housed while at the same time trying to ensure the property owners received their money to pay mortgages on the homes.</p><p>Two years later, Sims said the issues he saw at the beginning of the pandemic have eased up tremendously. Out of the 75 tenants he oversees, about 20% are receiving rental assistance, which is offered from a state and local level as well as from nonprofit groups.</p><p> </p><h3>WILL RENT PRICES CONTINUE TO RISE IN TARRANT COUNTY?</h3><p>The cost of rent is dependent on the economy; as long as taxes and insurance costs go up, the cost of rent will also rise because property owners can’t absorb those extra costs.</p><p>Sims said eventually rent costs will hit a plateau, but for the next couple of years he expects it to continue to rise because demand exceeds supply.</p><p>“As long as inflation doesn’t get completely out of hand, I think you’re going to continue to see the cost of housing increase marginally,” he said. “I don’t think it’s going to radically increase. I think you’re going to see probably a 10% increase every year.”</p><p> </p><p style="text-align: left;">Source: <a href="https://www.star-telegram.com/news/business/article258378578.html" target="_blank" rel="noopener">star-telegram</a></p>								</div>
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		<title>Dallas homeowners raise concerns about short-term rentals in neighborhoods and want the city to act</title>
		<link>https://qmcproperties.com/dallas-homeowners-raise-concerns-about-short-term-rentals-in-neighborhoods-and-want-the-city-to-act/</link>
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		<dc:creator><![CDATA[QMC Properties]]></dc:creator>
		<pubDate>Wed, 23 Feb 2022 17:02:33 +0000</pubDate>
				<category><![CDATA[Blog]]></category>
		<guid isPermaLink="false">https://qmcproperties.com/?p=1145</guid>

					<description><![CDATA[A growing number of short-term rentals in Dallas neighborhoods has some homeowners up in arms. The city is struggling to regulate STRs like Airbnb and Vrbo. The City of Dallas requires STRs to register, but officials say not all of them do. As of last month, 1,055 STRs were registered with the city. STR opponents&#8230;&#160;<a href="https://qmcproperties.com/dallas-homeowners-raise-concerns-about-short-term-rentals-in-neighborhoods-and-want-the-city-to-act/" rel="bookmark"><span class="screen-reader-text">Dallas homeowners raise concerns about short-term rentals in neighborhoods and want the city to act</span></a>]]></description>
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					<h1 class="elementor-heading-title elementor-size-default">Dallas homeowners raise concerns about short-term rentals in neighborhoods and want the city to act</h1>				</div>
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															<img loading="lazy" decoding="async" width="768" height="548" src="https://qmcproperties.com/wp-content/uploads/2022/02/STR1-768x548.jpg" class="attachment-medium_large size-medium_large wp-image-1146" alt="homeowners" srcset="https://qmcproperties.com/wp-content/uploads/2022/02/STR1-768x548.jpg 768w, https://qmcproperties.com/wp-content/uploads/2022/02/STR1-300x214.jpg 300w, https://qmcproperties.com/wp-content/uploads/2022/02/STR1-1024x731.jpg 1024w, https://qmcproperties.com/wp-content/uploads/2022/02/STR1-1536x1096.jpg 1536w, https://qmcproperties.com/wp-content/uploads/2022/02/STR1.jpg 1760w" sizes="(max-width: 768px) 100vw, 768px" />															</div>
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									<p class="ArticlePage-subheadline">A growing number of short-term rentals in Dallas neighborhoods has some homeowners up in arms. The city is struggling to regulate STRs like Airbnb and Vrbo.</p><div class="ArticlePage-articleContainer"><div class="ArticlePage-articleBody"><p>The City of Dallas requires STRs to register, but officials say not all of them do. As of last month, 1,055 STRs were registered with the city. STR opponents say that is <a class="Link" href="http://insideairbnb.com/dallas/" target="_blank" rel="noopener">only about a fifth</a> of the total in Dallas. STRs also are supposed to pay a hotel occupancy tax.</p><p>Opponents of STRs want them out of their neighborhoods.</p><p>Carl Hays has lived in the Oak Park Estates neighborhood for 31 years. A house in front of Hays’ home started being used as a short-term rental late last year.</p><p>“When I bought this home there was an implied warrant of quiet enjoyment. But the problem is I cannot have quiet enjoyment when I get up at 3 o’clock in the morning and hear gunshots outside my door,” Hays said.</p><p>The attorney said STRs are destroying his neighborhood and he wants the city to restrict where they can operate.</p><p>“I just think it&#8217;s an incubator for crime,” he said.</p><div class="Enhancement" data-align-center=""><figure class="Figure"><picture><img loading="lazy" decoding="async" class="Image" src="https://npr.brightspotcdn.com/dims4/default/3dbf82d/2147483647/strip/true/crop/640x480+0+0/resize/880x660!/quality/90/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2F9f%2F92%2F6b7c60c54ff5a1ee640c91a7489d%2Ftrash-cans.jpg" srcset="https://npr.brightspotcdn.com/dims4/default/21d7553/2147483647/strip/true/crop/640x480+0+0/resize/1760x1320!/quality/90/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2F9f%2F92%2F6b7c60c54ff5a1ee640c91a7489d%2Ftrash-cans.jpg 2x" alt="trash cans.jpg" width="880" height="660" data-src="https://npr.brightspotcdn.com/dims4/default/3dbf82d/2147483647/strip/true/crop/640x480+0+0/resize/880x660!/quality/90/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2F9f%2F92%2F6b7c60c54ff5a1ee640c91a7489d%2Ftrash-cans.jpg" /></picture></figure></div><h2 class=""><b>A long STR battle</b></h2><p>For years, homeowners have complained about safety concerns, parking congestion, trash and noise. <a class="Link" href="https://cityofdallas.legistar.com/LegislationDetail.aspx?ID=5397301&amp;GUID=73390DD8-A83B-45C5-9C79-913336B71FD6&amp;Options=&amp;Search=" target="_blank" rel="noopener">At a recent Dallas Quality of Life, Arts, and Culture committee meeting</a>, more than 100 people spoke out on the issue. And things got a little heated.</p><p>“I have worked for two years to resolve the STR nightmares in my neighborhood and I am appalled at the lack of integrity in this process and how the city has stonewalled many of us,” said Olive Talley, who lives in the Edgemont Park Conservation District.</p><p>There was passion on both sides.</p><p>“During the pandemic, we provided housing for essential workers. We were striving to keep our communities and neighborhoods safe,” Vera Elkins said. She owns a short-term rental.</p><p>Supporters and owners said STRS are attracting visitors to Dallas and boosting the city&#8217;s economy.</p><p>Council members have acknowledged there is a problem. A task force was created in 2020 to come up with solutions.</p><p>The task force recently recommended that the city require all short-term rentals to register, limit the number of people staying at a STR to 10, prohibit outdoor parties between 10 p.m. and 8 a.m, and require STR owners to give guests at the home and neighbors within 100 feet an emergency number.</p><p>The committee voted to move forward with some of the recommendations, but not all. For example, members did not agree on outdoor assemblies and instead voted to limit occupancy to three adults per bedroom, which aligns with state code.</p><div class="Enhancement" data-align-center=""><figure class="Figure"><picture><img loading="lazy" decoding="async" class="Image" src="https://npr.brightspotcdn.com/dims4/default/a1f0a58/2147483647/strip/true/crop/1100x850+0+0/resize/880x680!/quality/90/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2F69%2F72%2F6bed6aca4a5885b1250705176699%2Fstr-proposals.jpeg" srcset="https://npr.brightspotcdn.com/dims4/default/64babeb/2147483647/strip/true/crop/1100x850+0+0/resize/1760x1360!/quality/90/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2F69%2F72%2F6bed6aca4a5885b1250705176699%2Fstr-proposals.jpeg 2x" alt="STR Proposals.jpeg" width="880" height="680" data-src="https://npr.brightspotcdn.com/dims4/default/a1f0a58/2147483647/strip/true/crop/1100x850+0+0/resize/880x680!/quality/90/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2F69%2F72%2F6bed6aca4a5885b1250705176699%2Fstr-proposals.jpeg" /></picture></figure></div><p><picture>Council Member Paul Ridley said more needs to be done.</picture></p><p>“The whole process of regulating STRs so far has been wrongheaded,” Ridley said.</p><p>He is concerned that STR supporters were overrepresented on the task force. Some residents share that view.</p><p>Edgemont Park Conservation District resident Norma Minnis is on the task force and said she was “profoundly disappointed” with who was on it.</p><p>“When the members of the task force were announced, I was shocked to see that the membership were dominated by people who earn an income from STRs or are former STR owners,” she wrote in a letter sent to the city last month.</p><p>Ridley said that imbalance was reflected in its recommendations.</p><p>“That to me is a fatal flaw that invalidates the recommendations of that task force,” Ridley said.</p><h2 class=""><b>A different approach</b></h2><p>Dave Schwarte, a member of the <a class="Link" href="https://www.txneighborhoodcoalition.com/" target="_blank" rel="noopener">TX Neighborhood Coalition</a>, helped push the city of Arlington to adopt a zoning ordinance that limited where STRs can operate.</p><p>“All rentals of less than 30 days are strictly prohibited in residential neighborhoods except the ones within the entertainment district,” he said. “Our ordinances are working. Do not fall into the trap which is allowing these to operate without first determining where they can lawfully do business.”</p><p>Dallas short-term rental opponents want this zoning to keep STRs out of residential neighborhoods too. Council Member Paul Ridley is calling for new zoning rules.</p><div class="Enhancement" data-align-left=""><div class="TweetUrl"><div class="twitter-tweet twitter-tweet-rendered"><iframe id="twitter-widget-0" class="" title="Twitter Tweet" src="https://platform.twitter.com/embed/Tweet.html?creatorScreenName=_martinez_ale&amp;dnt=false&amp;embedId=twitter-widget-0&amp;features=eyJ0ZndfZXhwZXJpbWVudHNfY29va2llX2V4cGlyYXRpb24iOnsiYnVja2V0IjoxMjA5NjAwLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X2hvcml6b25fdHdlZXRfZW1iZWRfOTU1NSI6eyJidWNrZXQiOiJodGUiLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X3NwYWNlX2NhcmQiOnsiYnVja2V0Ijoib2ZmIiwidmVyc2lvbiI6bnVsbH19&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=1493285949647826952&amp;lang=en&amp;origin=https%3A%2F%2Fwww.keranews.org%2Fgovernment%2F2022-02-21%2Fdallas-homeowners-raise-concerns-about-short-term-rentals-in-neighborhoods-and-want-the-city-to-act&amp;sessionId=23c182845538459a6764892f30e582573ad41aaa&amp;siteScreenName=keranews&amp;theme=light&amp;widgetsVersion=2582c61%3A1645036219416&amp;width=550px" frameborder="0" scrolling="no" allowfullscreen="allowfullscreen" data-tweet-id="1493285949647826952" data-mce-fragment="1"></iframe></div></div></div><p>“The intelligent and targeted solution is to allow STR hotels only in areas where traditional hotels, with which STR hotels compete, are allowed,” Ridley <a class="Link" href="https://twitter.com/CityofDallasD14/status/1493285949647826952?s=20&amp;t=VHzXVdqgtdMcaesNX8vCbQ" target="_blank" rel="noopener">wrote in a letter in respons</a>e to an article suggesting that STRs could <a class="Link" href="https://www.dallasnews.com/opinion/commentary/2022/02/05/dallas-can-collect-more-hotel-occupancy-tax-by-working-with-short-term-rental-platforms/" target="_blank" rel="noopener">help fund the arts.</a></p><p>The short-term rental discussion will continue at a Dallas Quality of Life, Arts, and Culture committee meeting on February 22. Council members on the committee will discuss the task force’s recommendations and vote whether to move forward to a full council vote.</p><p>Luis Briones, the Texas Public Policy and Government Affairs Director at Airbnb said part of his company’s efforts “to prevent and defer community disruption” is <a class="Link" href="https://www.airbnb.com/help/article/2704/party-and-events-policy" target="_blank" rel="noopener">a new policy</a> that banned parties at the short-term rentals they operate.</p><p>“They [City Council] are really looking to manage, not banish, STRs in the city,” Briones said. “And we think that is the right approach. Identify the bad actors and in partnership with us take action on those folks that they are not allowed and so they do not have a place on our platform.”</p></div></div><p style="text-align: left;">Source: <a href="https://www.texasstandard.org/stories/dallas-homeowners-raise-concerns-about-short-term-rentals-in-neighborhoods-and-want-the-city-to-act/" target="_blank" rel="noopener">TexasStandard</a></p>								</div>
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		<title>The asking price for Dallas-Fort Worth homes hits the $400,000 mark</title>
		<link>https://qmcproperties.com/the-asking-price-for-dallas-fort-worth-homes-hits-the-400000-mark/</link>
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		<dc:creator><![CDATA[QMC Properties]]></dc:creator>
		<pubDate>Wed, 16 Feb 2022 17:23:34 +0000</pubDate>
				<category><![CDATA[Blog]]></category>
		<guid isPermaLink="false">https://qmcproperties.com/?p=1133</guid>

					<description><![CDATA[That’s up more than 14% from the same time last year. Forecasts of a more measured housing market in 2022 are already falling flat. Houses in North Texas are still flying off the shelf with asking prices soaring by double-digit percentages to a new all-time high, according a new report by&#160;Realtor.com Median home listing prices&#8230;&#160;<a href="https://qmcproperties.com/the-asking-price-for-dallas-fort-worth-homes-hits-the-400000-mark/" rel="bookmark"><span class="screen-reader-text">The asking price for Dallas-Fort Worth homes hits the $400,000 mark</span></a>]]></description>
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					<h1 class="elementor-heading-title elementor-size-default">The asking price for Dallas-Fort Worth homes hits the $400,000 mark</h1>				</div>
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															<img loading="lazy" decoding="async" width="768" height="432" src="https://qmcproperties.com/wp-content/uploads/2022/02/KQBG6R44ZVCDDBJBHW37TMIVFE-768x432.jpg" class="attachment-medium_large size-medium_large wp-image-1136" alt="Dallas-Fort Worth homes hits" srcset="https://qmcproperties.com/wp-content/uploads/2022/02/KQBG6R44ZVCDDBJBHW37TMIVFE-768x432.jpg 768w, https://qmcproperties.com/wp-content/uploads/2022/02/KQBG6R44ZVCDDBJBHW37TMIVFE-300x169.jpg 300w, https://qmcproperties.com/wp-content/uploads/2022/02/KQBG6R44ZVCDDBJBHW37TMIVFE-1024x576.jpg 1024w, https://qmcproperties.com/wp-content/uploads/2022/02/KQBG6R44ZVCDDBJBHW37TMIVFE-1536x864.jpg 1536w, https://qmcproperties.com/wp-content/uploads/2022/02/KQBG6R44ZVCDDBJBHW37TMIVFE.jpg 1660w" sizes="(max-width: 768px) 100vw, 768px" />															</div>
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									<h2 class="dmnc_generic-header-header-module__3wgXU secondaryRoman secondaryRoman-30 md_secondaryRoman-40 text-gray-dark">That’s up more than 14% from the same time last year.</h2><p class="body-text-paragraph">Forecasts of a more measured housing market in 2022 are already falling flat.</p><p class="body-text-paragraph">Houses in North Texas are still flying off the shelf with asking prices soaring by double-digit percentages to a new all-time high, according a new report by <a href="http://realtor.com/" target="_blank" rel="noopener">Realtor.com</a></p><p class="body-text-paragraph">Median home listing prices in Dallas-Fort Worth were up more than 14% year-over-year to a record $400,000.</p><p class="body-text-paragraph">And the number of houses listed for sale with real estate agents in D-FW was almost 40% less than in January 2021. Home inventories were already at unheard of low levels.</p><p class="body-text-paragraph">The median time to sell a house in North Texas was just 43 days.</p><p class="body-text-paragraph">Nationwide home listing prices in January were more than 10% higher than in the first month of 2021, and the number of houses for sale with agents was down more than 28%.</p><div class="dmnc_features-ads-config-presets-module__3i4NB w-full my-6"><div id="native-article-1"><div id="ntv1047205-429167-27861" class="ntv-moap px-3 pb-3 ntv1047205-429167-27861 ntvClickOut noskim"><div>“We’re forecasting a whirlwind year ahead for buyers and, if January housing trends are any indication, 2022 competition is already heating up,” Realtor.com chief economist Danielle Hale said in a just-released January update. “Homes sold at a record-fast January pace, suggesting that buyers are more active than usual for this time of year.</div></div></div></div><p class="body-text-paragraph">“But it’s a different story on the other side of the closing table, with new seller listings continuing to decline in January,” she said. “Factors like omicron uncertainties could be causing sellers to hesitate even when they know housing conditions are favorable.”</p><p class="body-text-paragraph">Many economists have predicted that home price gains this year will slow and the competition for properties will ease because of higher mortgage costs and an expected increase in home listings.</p><p class="body-text-paragraph">So far, that hasn’t happened in North Texas.</p><p class="body-text-paragraph">“While 2022 is forecasted to be a seller’s market, annual home price growth is expected to moderate from the 2021 pace,” Realtor.com analysts say in its latest forecast. “This is partly due to looming rate hikes, which will cut into buyers’ ability to meet high asking prices and have already begun to rise more quickly than anticipated.”</p><p class="body-text-paragraph">With thousands of people moving to Texas and a shortage of homes to both purchase and rent, upward pressures on home costs remain high in the state’s major metro areas.</p><p class="body-text-paragraph">In January, home sales list prices in the Austin area rose by more than 28% to a median $545,000.</p><p class="body-text-paragraph">Austin had the third-highest price increases in the country, behind Las Vegas (35.3%) and Tampa (28.7%),</p><p class="body-text-paragraph">Median home list prices declined from a year ago in several major U.S. markets, including Los Angeles (-10%), Memphis (-8.1%) and San Francisco (-4.6%).</p><p class="body-text-paragraph">Asking prices were up 18.6% year-over-year in the San Antonio area to a median of $350,000, according to Realtor.com.</p><p class="body-text-paragraph">Houston had the smallest big-city gains in the state, with list prices up only 8.5% from January 2021.</p><p class="body-text-paragraph">North Texas home sales prices were up 20% in December to a record $353,000, according to local real estate agents’ multiple listing services.</p><figure><div class="dmnc_images-img-module__2uJ4x w-full"><img loading="lazy" decoding="async" class="dmnc_images-img-module__1-ZBN max-w-full text-white object-contain dmnc_images-img-module__2c3Vz" src="https://dmn-dallas-news-prod.cdn.arcpublishing.com/resizer/R_2G3iFGQwsqOEnmvMyj9xzrCrc=/1660x0/smart/filters:no_upscale()/cloudfront-us-east-1.images.arcpublishing.com/dmn/Z37ZZ2IITZH3LEVCMF3R4C3A5I.jpg" width="1168" height="854" /></div></figure><p style="text-align: left;">Source: <a href="https://www.dallasnews.com/business/real-estate/2022/02/08/d-fw-home-asking-prices-hit-400000/" target="_blank" rel="noopener">DallasNews</a></p>								</div>
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		<title>Which Part of the Dallas-Fort Worth Market Has the Hottest Home Price Index?</title>
		<link>https://qmcproperties.com/which-part-of-the-dallas-fort-worth-market-has-the-hottest-home-price-index/</link>
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		<dc:creator><![CDATA[QMC Properties]]></dc:creator>
		<pubDate>Wed, 09 Feb 2022 19:05:14 +0000</pubDate>
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		<guid isPermaLink="false">https://qmcproperties.com/?p=1126</guid>

					<description><![CDATA[Before the housing market heated up, my guess is that few people called up Zillow and checked their home’s value. Unless they were selling or buying, why would we? As our parents said: “A watched pot never boils.” But the housing market is boiling. And a lot of us are watching the pot. So, it&#8230;&#160;<a href="https://qmcproperties.com/which-part-of-the-dallas-fort-worth-market-has-the-hottest-home-price-index/" rel="bookmark"><span class="screen-reader-text">Which Part of the Dallas-Fort Worth Market Has the Hottest Home Price Index?</span></a>]]></description>
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					<h1 class="elementor-heading-title elementor-size-default">Which Part of the Dallas-Fort Worth Market Has the Hottest Home Price Index?</h1>				</div>
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															<img loading="lazy" decoding="async" width="640" height="427" src="https://qmcproperties.com/wp-content/uploads/2022/02/6418-woodland-dr-dallas-tx-2-High-Res-36.jpg" class="attachment-medium_large size-medium_large wp-image-1127" alt="Dallas-Fort Worth Market Has the Hottest Home Price" srcset="https://qmcproperties.com/wp-content/uploads/2022/02/6418-woodland-dr-dallas-tx-2-High-Res-36.jpg 640w, https://qmcproperties.com/wp-content/uploads/2022/02/6418-woodland-dr-dallas-tx-2-High-Res-36-300x200.jpg 300w" sizes="(max-width: 640px) 100vw, 640px" />															</div>
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									<p>Before the housing market heated up, my guess is that few people called up Zillow and checked their home’s value. Unless they were selling or buying, why would we? As our parents said: “A watched pot never boils.”</p><p>But the housing market is boiling. And a lot of us are watching the pot.</p><p>So, it was reassuring to see that the<a href="https://www.recenter.tamu.edu/data/home-price-index" target="_blank" rel="noreferrer noopener"> home price index</a> for the Dallas-Plano-Irving area jumped a region-high 24.56 percent last quarter. It can be mixed news, of course. If the value is indeed that high, home sellers will nod and grin — hoping <a href="https://candysdirt.com/tag/dallas-central-appraisal-district/" target="_blank" rel="noreferrer noopener">the appraisal district</a> doesn’t catch on — while the homebuyers will furrow their brows.</p><p>“We used to describe high growth as anywhere from 5 percent to 10 percent,” Joshua Roberson, lead data analyst for the Texas Real Estate Research Center at Texas A&amp;M University, told the<em> <a href="http://bizjournals.com/dallas/news/2022/02/04/home-price-index-fort-worth.html">Dallas Business Journal</a></em>.</p><p>The home price index has been calculated by the Texas Real Estate Research Center since the first quarter of 2005. It’s a price index based on a value of 100. The index measures price appreciation changes for residential single-family homes. It’s fully explained in this video.</p><figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper"><div class="fluid-width-video-wrapper"><iframe title="Texas Home Price Index Explained - REC 101" src="https://www.youtube.com/embed/WU-BIqf6ORc?feature=oembed" name="fitvid0" frameborder="0" allowfullscreen="allowfullscreen" data-mce-fragment="1"></iframe></div></div></figure><p>The research center tracks quarterly indexes for Texas’ largest metropolitan statistical area markets of Austin-Round Rock, Dallas-Fort Worth-Arlington, Houston-The Woodlands-Sugar Land, San Antonio-New Braunfels, as well as Amarillo and El Paso. The center breaks the Dallas-Fort Worth area into three angles:</p><ul><li>The <a href="https://www.recenter.tamu.edu/data/home-price-index#!/MSA/Dallas-Plano-Irving" target="_blank" rel="noreferrer noopener">Dallas-Plano-Irving area</a> has an aggregate index of 217.4, which was up from the Q4 2020 index of 174.53.</li><li>The <a href="https://www.recenter.tamu.edu/data/home-price-index#!/MSA/Dallas-Fort_Worth-Arlington" target="_blank" rel="noreferrer noopener">Dallas-Fort Worth-Arlington aggregate index</a> was 216.51, up from the Q4 2020 index of 175.24 for a 23.55 percent gain.</li><li>The <a href="https://www.recenter.tamu.edu/data/home-price-index#!/MSA/Fort_Worth-Arlington" target="_blank" rel="noreferrer noopener">Fort Worth-Arlington aggregate index</a> was 215.37, up from the Q4 2020 index of 176.64 for a 21.92 percent increase.</li></ul><p>Trust me, the home price index reports are interesting. It’s a rabbit hole <img decoding="async" class="emoji" role="img" draggable="false" src="https://s.w.org/images/core/emoji/13.1.0/svg/1f407.svg" alt="&#x1f407;" /> for sure.</p><p style="text-align: left;">Source: <a href="https://candysdirt.com/2022/02/07/which-part-of-the-dallas-fort-worth-market-has-the-hottest-home-price-index/" target="_blank" rel="noopener">Candysdirt</a></p>								</div>
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		<title>Time to Panic? What Happens to The Real Estate Market if There is no Housing Inventory?</title>
		<link>https://qmcproperties.com/time-to-panic-what-happens-to-the-real-estate-market-if-there-is-no-housing-inventory/</link>
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		<dc:creator><![CDATA[QMC Properties]]></dc:creator>
		<pubDate>Tue, 01 Feb 2022 17:20:13 +0000</pubDate>
				<category><![CDATA[Blog]]></category>
		<guid isPermaLink="false">https://qmcproperties.com/?p=1111</guid>

					<description><![CDATA[While real estate brokerages are patting themselves and their agents on the back for record 2021 numbers of sales and closings, buyers and their Realtors are quietly getting worried that 2022 is going to be quite a challenge. Is that the sound of panic? Not yet, but it sure sounds like something. Recently the Greater&#8230;&#160;<a href="https://qmcproperties.com/time-to-panic-what-happens-to-the-real-estate-market-if-there-is-no-housing-inventory/" rel="bookmark"><span class="screen-reader-text">Time to Panic? What Happens to The Real Estate Market if There is no Housing Inventory?</span></a>]]></description>
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					<h1 class="elementor-heading-title elementor-size-default">Time to Panic? What Happens to The Real Estate Market if There is no Housing Inventory?</h1>				</div>
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															<img loading="lazy" decoding="async" width="640" height="466" src="https://qmcproperties.com/wp-content/uploads/2022/02/Home-not-for-sale-sign.jpg" class="attachment-medium_large size-medium_large wp-image-1113" alt="The Real Estate Market if There is no Housing Inventory" srcset="https://qmcproperties.com/wp-content/uploads/2022/02/Home-not-for-sale-sign.jpg 640w, https://qmcproperties.com/wp-content/uploads/2022/02/Home-not-for-sale-sign-300x218.jpg 300w" sizes="(max-width: 640px) 100vw, 640px" />															</div>
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									<p>While real estate brokerages are patting themselves and their agents on the back for record 2021 numbers of sales and closings, buyers and their Realtors are quietly getting worried that 2022 is going to be quite a challenge. Is that the sound of panic? Not yet, but it sure sounds like something.</p><p>Recently the Greater Fort Worth Association of Realtors released the monthly statistics provided by the Texas Real Estate Research Center for December 2021. Depending on who you are, they weren’t good.</p><p>This isn’t new news. Our Tarrant County Tuesday column has<a href="https://candysdirt.com/2022/01/04/seth-fowler-2022-predictions-for-tarrant-county-real-estate-with-a-money-back-guarantee/" target="_blank" rel="noreferrer noopener"> predicted, prognosticated, and preached </a>about the lack of housing inventory in Tarrant County and the greater Dallas-Fort Worth Metroplex for a while. Since March 2020 (when COVID closed its grip on the United States) the number of homes available for sale has declined, declined, and declined.</p><div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" decoding="async" class="wp-image-272858" src="https://i0.wp.com/candysdirt.com/wp-content/uploads/2022/01/Housing-Graph.jpg?resize=640%2C495&amp;ssl=1" sizes="(max-width: 640px) 100vw, 640px" srcset="https://i0.wp.com/candysdirt.com/wp-content/uploads/2022/01/Housing-Graph.jpg?w=640&amp;ssl=1 640w, https://i0.wp.com/candysdirt.com/wp-content/uploads/2022/01/Housing-Graph.jpg?resize=300%2C232&amp;ssl=1 300w, https://i0.wp.com/candysdirt.com/wp-content/uploads/2022/01/Housing-Graph.jpg?resize=382%2C295&amp;ssl=1 382w" alt="" width="640" height="495" data-recalc-dims="1" /><figcaption>0.7 months of inventory isn’t good for buyers</figcaption></figure></div><p>The report from GFWAR states there is currently just seven-tenths of a month supply of housing in Fort Worth and Tarrant County. That means there are only enough homes available to fulfill seven-tenths of a month of sales.</p><p>A balanced real estate market was previously thought to be six months of inventory. My Boerne High School math education might not win me any contests, but I certainly know that seven-tenths of a month is way less than six months.</p><p>So, it’s a big deal. We’ve heard about <a href="https://candysdirt.com/2020/07/27/historically-low-inventory-drives-q2-housing-market-in-texas-economists-say/" target="_blank" rel="noreferrer noopener">low inventory</a> for nearly two years. We’ve discussed the supply chain issues for <a href="https://candysdirt.com/2021/08/31/with-new-construction-weak-links-in-the-supply-chain-mean-long-waits-for-completion/" target="_blank" rel="noreferrer noopener">new home construction</a> and delays that builders are facing in fulfilling their orders and obligations. We’ve heard over and over and over how prices are increasing and how it’s a seller’s market.</p><p>Why is there the sound of panic from Realtors and buyers all of a sudden? What’s different than before? Reality is setting in at all price ranges.</p><h2 id="sale-but-no-sale">Sale, But No Sale</h2><p>Recently I have heard multiple stories from Realtors from brokerages across Tarrant County regarding sellers who put their homes on the market then pull them off the market — although they are getting exactly what they’re asking for … or more!</p><div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" decoding="async" class="wp-image-272860" src="https://i0.wp.com/candysdirt.com/wp-content/uploads/2022/01/Saint-Laurent1.jpg?resize=640%2C427&amp;ssl=1" sizes="(max-width: 640px) 100vw, 640px" srcset="https://i0.wp.com/candysdirt.com/wp-content/uploads/2022/01/Saint-Laurent1.jpg?w=640&amp;ssl=1 640w, https://i0.wp.com/candysdirt.com/wp-content/uploads/2022/01/Saint-Laurent1.jpg?resize=300%2C200&amp;ssl=1 300w, https://i0.wp.com/candysdirt.com/wp-content/uploads/2022/01/Saint-Laurent1.jpg?resize=382%2C255&amp;ssl=1 382w" alt="" width="640" height="427" data-recalc-dims="1" /><figcaption>This home was pulled off the market 24 hours of going active … even with offers!</figcaption></figure></div><p>A home in a prestigious gated neighborhood of Fort Worth was recently put on the market for a very hefty price (basically, more than the house should appraise for). An over-asking-price offer was made by a cash buyer immediately, but the seller decided to take the home off the market because they had no plan for moving so quickly. This all happened in less than 24 hours.</p><p>This type of scenario is happening over and over and over again these days in all price ranges. Sellers are excited to get a high price for their homes, but unless they have a plan and place to go next, they aren’t willing to move forward.</p><p>If sellers don’t sell then buyers can’t buy. While that seems pretty obvious, we have not experienced this kind of gridlock in the housing market ever.</p><p>If there are no homes to buy and rental rates are astronomical, we have a problem.</p><p>Truly, 2021 was a great year for many Realtors and real estate brokerages. Records were set and bottles of champagne were uncorked, but those same Realtors and brokerages are starting to feel the pinch of the <em>now</em> and the <em>what is to come</em>.</p><p>There is no magic wand or potion to make this issue go away. It’s not COVID or weather or the month of the year. If people don’t start selling their homes, this could be the most bizarre and challenging year in real estate since the Recession. Is it possible to have a reverse recession? Where there is plenty of money in play and plenty of players (buyers) but not enough sellers?</p><p>Yep. If someone tells you this real estate market is fantastic, they are lying to you. There isn’t a buyer or Realtor or broker manager or lender or title company or anyone involved in the home sales business that isn’t quietly beginning to make a noise that sounds a lot like panic.</p><p style="text-align: left;">Source: <a href="https://candysdirt.com/2022/02/01/time-to-panic-what-happens-to-the-real-estate-market-if-there-is-no-housing-inventory/" target="_blank" rel="noopener">Candysdirt</a></p>								</div>
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		<title>Dallas-area home rental costs are through the roof</title>
		<link>https://qmcproperties.com/dallas-area-home-rental-costs-are-through-the-roof/</link>
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		<dc:creator><![CDATA[QMC Properties]]></dc:creator>
		<pubDate>Wed, 26 Jan 2022 05:01:00 +0000</pubDate>
				<category><![CDATA[Blog]]></category>
		<guid isPermaLink="false">https://qmcproperties.com/?p=1101</guid>

					<description><![CDATA[Dallas-area home rental costs are outpacing the rest of the nation. The cost of renting a single-family home in Dallas was up almost 15% in the latest survey by researchers at CoreLogic. The median Dallas-area rent for a house was almost $1,900. Nationwide single-family home rental rates were 11.5% higher than in November 2020, according&#8230;&#160;<a href="https://qmcproperties.com/dallas-area-home-rental-costs-are-through-the-roof/" rel="bookmark"><span class="screen-reader-text">Dallas-area home rental costs are through the roof</span></a>]]></description>
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					<h1 class="elementor-heading-title elementor-size-default">Dallas-area home rental costs are through the roof</h1>				</div>
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															<img loading="lazy" decoding="async" width="768" height="432" src="https://qmcproperties.com/wp-content/uploads/2022/01/Dallas-area-home-rental-768x432.jpg" class="attachment-medium_large size-medium_large wp-image-1102" alt="Dallas-area home rental" srcset="https://qmcproperties.com/wp-content/uploads/2022/01/Dallas-area-home-rental-768x432.jpg 768w, https://qmcproperties.com/wp-content/uploads/2022/01/Dallas-area-home-rental-300x169.jpg 300w, https://qmcproperties.com/wp-content/uploads/2022/01/Dallas-area-home-rental-1024x576.jpg 1024w, https://qmcproperties.com/wp-content/uploads/2022/01/Dallas-area-home-rental-1536x864.jpg 1536w, https://qmcproperties.com/wp-content/uploads/2022/01/Dallas-area-home-rental.jpg 1660w" sizes="(max-width: 768px) 100vw, 768px" />															</div>
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									<p class="body-text-paragraph">Dallas-area home rental costs are outpacing the rest of the nation.</p><p class="body-text-paragraph">The cost of renting a single-family home in Dallas was up almost 15% in the latest survey by researchers at CoreLogic. The median Dallas-area rent for a house was almost $1,900.</p><p class="body-text-paragraph">Nationwide single-family home rental rates were 11.5% higher than in November 2020, according to the new report. “Annual rent price growth has continued to double and even triple in the last several months,” CoreLogic analysts say.</p><p class="body-text-paragraph">Dallas area rents for all types of housing have soared in the last year because of severe shortages.</p><div><div class="s2nPlayer k-iEBoJZDZ" data-type="float"> </div></div><p class="body-text-paragraph">“Improvements in the economy and job market have helped push single-family rent growth to record levels,” Molly Boesel, principal economist at CoreLogic, said in the new report. “However, rapid increases in single-family rents, especially for lower-priced properties, have led to a continued erosion of affordability.”</p><p class="body-text-paragraph">Single-family rentals have become increasingly popular housing options for many urban residents who have been priced out of homeownership.</p><p class="body-text-paragraph">Miami had the highest year-over-year single-family rent increases among the 20 major metro areas CoreLogic surveyed. Phoenix had the second-highest annual rent increase of 19.5%, and Las Vegas home rents were 16.7% higher.</p><p class="body-text-paragraph">Home rents in the Houston area were only 10% higher than they were a year earlier.</p><p class="body-text-paragraph">While single-family rents are moving up, the cost of renting an apartment in the Dallas-Fort Worth area has increased even more.</p><p class="body-text-paragraph">A shortage of apartments and higher construction costs fueled a more than 17% increase in average D-FW apartment rents last year — surpassing the nationwide rise of 14.4%, according to RealPage.</p><p class="body-text-paragraph">Less than 3% of D-FW apartments were vacant at the end of 2021.</p><p class="body-text-paragraph">Because of the demand for single-family rentals, builders in North Texas are planning dozens of new neighborhoods of rental houses in the suburbs.</p><div class="dmnc_features-ads-config-presets-module__3i4NB w-full my-6"> </div><figure><div class="dmnc_images-img-module__2uJ4x w-full"><img loading="lazy" decoding="async" class="dmnc_images-img-module__1-ZBN max-w-full text-white object-contain dmnc_images-img-module__2c3Vz" src="https://dmn-dallas-news-prod.cdn.arcpublishing.com/resizer/kNNftFbIcPvwBUmT1P81VFu-u9o=/1660x0/smart/filters:no_upscale()/cloudfront-us-east-1.images.arcpublishing.com/dmn/WJ5N2QI4KBBCLFHAL2V2BBU77A.jpg" width="5000" height="4896" /></div></figure><p style="text-align: left;">Source: <a href="https://www.dallasnews.com/business/real-estate/2022/01/18/dallas-area-home-rental-costs-through-the-roof/" target="_blank" rel="noopener">DallasNews</a></p>								</div>
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		<title>D-FW Mortgage Rate Forecast: Could Interest Rates Surge or Remain Flat?</title>
		<link>https://qmcproperties.com/d-fw-mortgage-rate-forecast-could-interest-rates-surge-or-remain-flat/</link>
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		<dc:creator><![CDATA[QMC Properties]]></dc:creator>
		<pubDate>Wed, 19 Jan 2022 15:20:00 +0000</pubDate>
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					<description><![CDATA[The last two years brought many unexpected changes to Dallas-Fort Worth’s housing market. Spurred by the economic fallout from the COVID-19 pandemic, mortgage rates reached significant lows in 2021. But many wonder how long this will hold. With&#160;housing prices skyrocketing through last year, the – mortgage rate forecast for 2022 hinges on several factors. Here,&#8230;&#160;<a href="https://qmcproperties.com/d-fw-mortgage-rate-forecast-could-interest-rates-surge-or-remain-flat/" rel="bookmark"><span class="screen-reader-text">D-FW Mortgage Rate Forecast: Could Interest Rates Surge or Remain Flat?</span></a>]]></description>
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					<h1 class="elementor-heading-title elementor-size-default">D-FW Mortgage Rate Forecast: Could Interest Rates Surge or Remain Flat?</h1>				</div>
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															<img loading="lazy" decoding="async" width="768" height="512" src="https://qmcproperties.com/wp-content/uploads/2022/01/mortgage-768x512.jpg" class="attachment-medium_large size-medium_large wp-image-1092" alt="Mortgage Rate Forecast" srcset="https://qmcproperties.com/wp-content/uploads/2022/01/mortgage-768x512.jpg 768w, https://qmcproperties.com/wp-content/uploads/2022/01/mortgage-300x200.jpg 300w, https://qmcproperties.com/wp-content/uploads/2022/01/mortgage-930x620.jpg 930w, https://qmcproperties.com/wp-content/uploads/2022/01/mortgage.jpg 1024w" sizes="(max-width: 768px) 100vw, 768px" />															</div>
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									<p>The last two years brought many unexpected changes to Dallas-Fort Worth’s housing market. Spurred by the economic fallout from the COVID-19 pandemic, mortgage rates reached significant lows in 2021. But many wonder how long this will hold.</p><p>With <a href="https://candysdirt.com/2021/01/25/u-s-home-sales-hit-record-high-but-texas-real-estate-market-to-cool-in-coming-year/" target="_blank" rel="noreferrer noopener">housing prices skyrocketing through last year</a>, the – mortgage rate forecast for 2022 hinges on several factors. Here, we’ll look at a couple of those and get a feel for how they’ll play out.</p><h2><strong>How Are Mortgage Rates Determined</strong>?</h2><p>Several factors determine mortgage rates in America. Inflation, economic health, down payment amount, and loan terms are the main considerations. Some of these you can control and some you cannot.</p><p>For instance, offering a larger down payment and choosing a 15-year mortgage over 30-year mortgage locks in lower rates. And while we can’t control the economy, the Federal Reserve holds some sway in a couple of ways on our behalf.</p><h2><strong>The Fed’s Impact on Mortgage Rates in 2022</strong></h2><p><a href="https://www.cnbc.com/select/prime-interest-rates/#:~:text=What%20is%20the%20current%20prime,past%20year%20and%20since%202008." target="_blank" rel="noreferrer noopener">The Federal Reserve directly dictates the prime rate</a> and influences mortgage rates through the bond market. With the economic stagnation ushered in by the early days of the COVID-19 pandemic, the Fed lowered prime rates and bought more bonds. This was in service of stimulating real estate purchases, which led to a red-hot market in 2022.  Recently, they announced a tapering of mortgage-backed securities purchases, causing an expected rise in rates through 2022.</p><figure class="wp-block-image size-large"><img loading="lazy" decoding="async" class="wp-image-271358" src="https://i0.wp.com/candysdirt.com/wp-content/uploads/2022/01/r-k-h1n7o0yb0sE-unsplash.jpg?resize=1024%2C683&amp;ssl=1" sizes="(max-width: 1000px) 100vw, 1000px" srcset="https://i1.wp.com/candysdirt.com/wp-content/uploads/2022/01/r-k-h1n7o0yb0sE-unsplash-scaled.jpg?resize=1024%2C683&amp;ssl=1 1024w, https://i1.wp.com/candysdirt.com/wp-content/uploads/2022/01/r-k-h1n7o0yb0sE-unsplash-scaled.jpg?resize=300%2C200&amp;ssl=1 300w, https://i1.wp.com/candysdirt.com/wp-content/uploads/2022/01/r-k-h1n7o0yb0sE-unsplash-scaled.jpg?resize=768%2C512&amp;ssl=1 768w, https://i1.wp.com/candysdirt.com/wp-content/uploads/2022/01/r-k-h1n7o0yb0sE-unsplash-scaled.jpg?resize=1536%2C1024&amp;ssl=1 1536w, https://i1.wp.com/candysdirt.com/wp-content/uploads/2022/01/r-k-h1n7o0yb0sE-unsplash-scaled.jpg?resize=2048%2C1365&amp;ssl=1 2048w, https://i1.wp.com/candysdirt.com/wp-content/uploads/2022/01/r-k-h1n7o0yb0sE-unsplash-scaled.jpg?resize=382%2C255&amp;ssl=1 382w" alt="" width="730" height="487" /><figcaption>The DFW mortgage rate moves parallel to that of the country, meaning we could soon see a higher interest rate for home purchases.</figcaption></figure><h2><strong>What This Means for The DFW Market</strong></h2><p>Kathleen Hays, Senior Loan Officer at Crosscountry Mortgage in Dallas, tracks the impact of the Fed regularly. In terms of mortgage rates, she sees market trends that spell higher rates through the end of this year.</p><p>“There’s a combination of several factors affecting rates,” Hays says. “Of course, there’s the natural market correction after a very odd couple of years, but the Fed and inflation are also going to have an influence on this.”</p><p>Her prediction is a steady increase in the coming weeks.</p><p>“I think we’re going to see it rise a couple of points a week,” Hays says. “Then I think we’ll hover around the 4 percent range for the rest of 2022.”</p><p>While this is slightly higher than the record rates from 2021 and 2020, 4 percent is still pretty solid.</p><p>“We say anything below 10 percent is great, anything below 5 percent is fabulous,” says Hays.</p><p style="text-align: left;">Source: <a href="https://candysdirt.com/2022/01/17/d-fw-mortgage-rate-forecast-could-interest-rates-surge-or-remain-flat/" target="_blank" rel="noopener">Candysdirt</a></p>								</div>
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		<title>Will the Housing Market Finally Crash in 2022?</title>
		<link>https://qmcproperties.com/will-the-housing-market-finally-crash-in-2022/</link>
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		<dc:creator><![CDATA[QMC Properties]]></dc:creator>
		<pubDate>Wed, 12 Jan 2022 14:18:09 +0000</pubDate>
				<category><![CDATA[Blog]]></category>
		<guid isPermaLink="false">https://qmcproperties.com/?p=1082</guid>

					<description><![CDATA[Home prices rose by nearly 20% over the last year, an astonishing rate of growth that was faster and more intense than even the run-up to the housing crash of 2008, according to Fortune — and that one sunk the entire global economy. Volumes have been written about the lumber shortage, the remote-work office exodus&#8230;&#160;<a href="https://qmcproperties.com/will-the-housing-market-finally-crash-in-2022/" rel="bookmark"><span class="screen-reader-text">Will the Housing Market Finally Crash in 2022?</span></a>]]></description>
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					<h1 class="elementor-heading-title elementor-size-default">Will the Housing Market Finally Crash in 2022?</h1>				</div>
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									<p>Home prices rose by nearly 20% over the last year, an astonishing rate of growth that was faster and more intense than even the run-up to the housing crash of 2008, according to Fortune — and that one sunk the entire global economy. Volumes have been written about the lumber shortage, the remote-work office exodus and the record-low mortgage rates that turned the 2021 housing market into one giant bidding war, but will it finally all come crashing down in 2022?</p><p>If the pessimist inside you wants to believe that 2022 will bring an implosion to rival anything the Great Recession doled out, you won’t have to look far to find a doom-and-gloom housing market analysis that confirms your worst suspicions. The reality, however, will probably be much less dramatic.</p><h2>Current Growth Is Not Sustainable, But a Crash Is Unlikely</h2><p>Fannie Mae predicts that home prices will rise by just 7.9% between the fourth quarter of 2021 and the same time at the end of 2022 — “just” being a subjective term. Although annual growth of nearly 8% might seem trivial in light of 2021’s historic gains, 7.9% is nearly double the average historical growth rate. Since 1987, according to the Federal Reserve Bank of St. Louis, home prices have grown by an average of 4.1% per year. In short, the many buyers who were priced out of the market in 2021 should temper their expectations if they were hoping that the bubble would pop and turn the tables in favor of buyers this year. The more likely scenario is that the market will cool, but only to a point that’s less scorching hot but still historically impressive in terms of price appreciation. Although prices won’t fall, they will almost certainly increase by less — much less — than they did during the market’s historic 2021 run.</p><h2>Forces Are in Play To Ease Prices Down Gently</h2><p>Two conflicting storylines are teaming up to make a sudden crash unlikely in 2022. The first is rising mortgage rates. COVID-19 brought historically low-interest rates that made it cheaper to borrow money than it had ever been before. Buyers across the country knew that such a chance would likely never come again and raced to lock in loans. Those record-low rates, however, have already started inching up and continue to climb. Fannie Mae predicts the average 30-year fixed mortgage rate will jump to 3.3% this year. With the cheap-money incentive drying up, demand — and therefore prices — should plummet, bringing to fruition the crash that so many fire-and-brimstone pundits have predicted for 2022. But there’s another dynamic at play that is mitigating the price-smothering effect of rising interest rates: Even if rates continue to rise, there’s simply not enough supply for demand to crash. Fannie Mae’s 2022 outlook noted a “severe shortage of homes for sale,” which are “limiting interest rate effects on home sales and home prices of housing inventory.” Not only is supply so tight that prices will still appreciate even with a drop in demand, but historically speaking, 3.3% mortgage rates are still very low and quite enticing. The ingredients for a sudden housing market crash are not in place, but it does appear that conditions are ripe for demand and prices to ease down gently throughout next year.</p><h2>So, What’s the Smart Bet Moving Forward?</h2><p>Buyers who are waiting for prices to plummet in 2022 will likely be disappointed. While competition will probably be less stiff and rising home prices will begin to even out, many buyers will get a wash. They’ll trade slightly lower housing prices for slightly higher mortgage rates — i.e., they’ll pay less up front but more over time than they would have had they closed in 2021. Most sellers will probably face a similar tradeoff. Yes, prices and demand are higher now than they’re predicted to be this time next year, which is good for sellers. But those who rush to sell now while the market is still hot will find themselves on the other side of the equation — they’ll become buyers struggling to overcome those same difficult conditions as they look for their own new houses to live in. With a dramatic crash highly unlikely for the housing market in 2022, buyers and sellers alike would be wise to follow the wisdom that holds true during the hottest seller’s markets, the coolest buyer’s markets, and everything in between. Make your move when you’re ready —  financially, personally, and in terms of your moving schedule — instead of trying to time the market.</p><p style="text-align: left;">Source: <a href="https://www.newsbreak.com/news/2439654950178/will-the-housing-market-finally-crash-in-2022" target="_blank" rel="noopener">Newsbreak</a></p>								</div>
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