Posted December 9, 2009 by Zach Heard

Making the Turn

The North Texas housing market has roared back in the past two months signaling we may be on the cusp of seeing more positive movement. November had one of the biggest increases on record for pre-owned home sales, up 31% from this time a year ago. While some buyers were trying to buy before the deadline for the tax-credit (prior to the extension), the data suggest that a lot of buyers are buying because they feel that we have touched bottom and they want to make their purchase before home prices start ticking upwards. In fact, median home sale prices also rose in November. The 5% rise was the largest gain in more than two years.

If you’re waiting around to get the best deal on a house, don’t wait too much longer. The Dallas/Fort Worth area is expected to be one of the first metro-areas to lead the country out of the recession and you may just miss your chance.

As always, feel free to call or email me with any questions. I can be reached at 214.240.3910 or zach@rogershealy.com

Till next time,

Zach Heard