Prices are Rampaging

DFW homes values are going berzerk a’la 1970’s King Kong.  Crushing.  Gone are the days of strategic short sales and negative equity.  2009 is a foggy memory.  Here in DFW, it’s like the downturn never happened.  Local demand has unleashed a fury and inventory is being sucked up like cattle in a tornado, taking auntie Em with it.  There’s few places for value buyers to hide.

Look at this 1 year chart for Dallas’ Median Price per Square Foot!

We’ve bounced off the seasonal downturn, aiming straight for new levels of home equity wealth never seen in our lifetimes.  Realtors are the new black and there’s no turning back…at least…for now.

Regardless, if you’re holding rental property it’s all good news.  Rental rates are rising and we are leasing homes at 150% and more of what they fetched in 2009.    This market will turn at some point.  If you’ve got a dog of a rental, summer of 2016 is a perfect time to unload it at high dollar to some home starved, salivating buyer.  But if you’re looking to acquire, you’ll need to work a little harder to beat the going cap rates.  Don’t fear dear investor;  there are still deals to be had with off-market, auction, and wholesale opportunities.  We know because YES, we are still buying.

Best of luck