Many of you have heard conflicting views concerning the housing market especially from the media, causing you to wonder whether taking the plunge to buy a home now is prudent. Maybe your hoping for more attractive opportunities to emerge down the road in the Dallas area.  Yet if you can afford to make a reasonable down payment, especially if you have good credit, now may be a perfect time to purchase a home that is all yours.

Consider where we’ve been; in January, the average single-family home price had fallen 28% from its peak several years ago, making a home purchase more affordable than ever in comparison to years past. As compelling as this stat may be, you have to couple this affordability with the extremely low mortgage interest rates available, with rates under 5% easily attainable as this is written. It’s also important to consider the fact that, by locking in a 15 or 30 year low-rate mortgage, you’re getting a compelling deal on your purchase, even if home prices temporarily decrease (check current rates available by clicking here).

When you see neighbors scrambling to find a good price for their home, take it as an encouraging sign – seller anxiety is allowing home prices to be more compelling than ever, and coupled with historically low rates (that may not last for long, I might add), today’s home market offers a sweet spot for buyers that may not be repeated for decades to come if ever again.

 For questions on how we can assist in taking advantage of opportunities available in today’s market, email us at answers@covenantrealtycorp.com.  We serve the DFW area with a focus on Dallas, Richardson, Farmer’s Branch Plano, Allen, Frisco, Mckinney, Carrollton, Wylie and Murphy.  If you know of anyone interested in buying or selling their home, we’re never too busy for your referrals.  Get in touch with us and we’ll take great care of them!