Look, I get it. The Housing Market is frustratingly complex, with many moving and overlapping parts. However, MLS Listings that go beyond a reasonable or average days-on-market (denoted by DOM in Listings) before they should statistically be under contract are at risk of not selling at all. Buyers begin to see such MLS listings as stigmatized (as if something is wrong, such as curb appeal or condition).
I realize there are distressed sellers caught in an overpriced trap as a result of reckless bank/government manipulation of the currency, interest rates, and the economy, but regardless, once you cross the 180-day mark, it is usually not the Market that got it WRONG, but rather the SELLER. Basically, the Market is controlled by external inputs
If you're not seeing the new home you had your eyes on, it may have sold. The market has not stopped. It may be slow, but it has not stopped. After all, the Dallas-Fort Worth Metroplex is the largest inland City in the United States.
The real question is, where are YOU? You see, I foresee INFLATION, thanks to the events set in motion by the regime in D.C., and I am afraid the next inflation round may shock us all.
As the remaining inventory of New Homes sells out, the attractive mortgage rate buydowns and builder-paid closing cost incentives may also disappear, along with today's new home discounts. What worries me is that the next round of new homes to be built will face growing supply shortages and rising energy costs that will not only hurt
If affordability is key and you're tired of throwing money away on rent, here is the DFW New Home LIST you need. Additionally, when you use Realtor Mike Askins as your new home buyer agent, you'll receive a CASH REBATE up to 3% (REBATE REGISTRATION), depending on the commission paid (3% x $300K = $9000!). The rebate you receive will not affect your final home price, but will give you some well-needed walking-around money for all the whatnot expenses after you close.
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