11 Feb NO BETTER TIME BY KATHLEEN JOHNSON

Dallas/Fort Worth is in the first few years of the average seven year upswing in real estate cycles.

DFW has seen a couple years of rising housing prices with 2015 rising faster than “normal”.  Defining normal these days, or what the future holds, takes a crystal ball that hasn’t been invented.  We must look at the recent past and make informed decisions about what to do in the here and now.

That existing home in the neighborhood with the school and amenities you like so much is not likely to get any cheaper in the next few years. If you are renting, buying now will give you great tax benefits for 2016.  If you are looking to sell your home, there is no better time than now.  The inventory of existing homes for sale continues to be lower than average.  Talk with a REALTOR® for a no obligation analysis about the value of your home and whether this is the right time for you.

New home developments are underway in Prosper and surrounding communities.  To realize the best appreciation, the time to buy is in the first few phases to capitalize on the increased value as the development matures. The modern designs, ability to choose features/styles and the energy efficiency of a new home make it worthwhile to consider. According to the U.S. Department of Energy, a new home today is 30 percent more energy efficient than a home built just five to seven years ago.

The decision to move is a very personal one. Whether you choose new construction or an established neighborhood, there are many considerations.  For a helpful, no obligation guide to choosing which is right for you, email nobettertime@crewjohnson.com.