Have you ever noticed how we sometimes delay making a big purchase that we really want and can totally afford, all because we are worried about some mystical outside force that may or may not exist in the first place? Take real estate, for example. As we approach the end of another year, many people are eager to get into a new home but feel like they need to wait to see what the market will do at the beginning of 2020.
“Will the market crash?” some ask.
“What if there’s a massive spike in interest rates since this will be an election year?” others suggest with concerned looks.
“Home values are going to go up!” others predict.
None of us has a crystal ball. But my team and I have been in the real estate world for a long time and keep ourselves pretty busy researching trends in the economy and housing market. I’m here to tell you right now that there isn’t a single negative predictor or mystical roadblock standing in your way. Locally, there is a new housing development coming soon north of Fort Worth that will include 10,000 new homes in a master-planned community. There will also be 1,000 new homes built near Lake Ray Hubbard, proving there is plenty of money going into housing moving forward.
I think there will be just as much competitiveness as there is now getting into lower-priced houses.
If you have questions about real estate, interest rate or market and housing trends, or anything else that has to do with the Lake Cities or surrounding communities, give my team: Make The Move Team at eXp Realty or me a call.