The Dallas Fort Worth Housing market is seeing some stability this month so far.
Mortgage Rates have managed to stay right in the middle they aren’t too high or low. The good news is the mortgage rates are very stable and look to be continuing on that trend.
The good news though is that the wholesale and consumer inflation data shows that inflation poses no concern to increase rates in the near future. What this means is we can expect rates to stay stable in the near future.
However, on a negative note, this week’s jobs data came in a little weaker than expected and jobless claims rose unexpectedly last week. This can be a sign the economy is losing steam and that growth rates will continue to decrease.
Finally, due to the higher home prices and strong demand in large cities younger homebuyers are now currently driving into smaller cities or suburbs where prices are more affordable. For the home value, this is a good side but it might lead to an increase in the number of days on the market.