New Home Buyer Advice

Grayson County real estate values are rising, reflecting the massive growth in technology manufacturers actively establishing themselves in the Sherman area. Accelerated Real estate demand is still 12-36 months away, and with it, continued gains in housing prices are expected. In Sherman and Denison, prices are still low, which makes it an ideal time to buy. I expect these prices to rise from now and for years into the future.

From January 2023 through January 2024, here are the Median Values and 12-month percentage of change in real estate values. Remember that where few homes make up the listings for any given month, changes can swing abruptly.

Howe $281,000 +23.0% | Sherman $294,450 +20.8%

Denison $226,150 -5.2% |  Van Alstyne $642,658

When it comes to owning real estate that is difficult to outgrow, I am reminded of this quote, "You ain't no kind of man if you ain't got land." Delmar O'Donnell in "Oh Brother, Where Art Thou?" Visit my DFW MLS page to get a better view of the listings below - MLS listings engine for New Homes on Land in Dallas, Fort Worth.

Are you in the market for a new home and need some assistance finding inventory? You've found the right source, plus I'll pay YOU Thousands of Dollars when you CLOSE. View Dallas Fort Worth area new homes scheduled to be ready to close in January and March 2024.

FED INTEREST RATE PIVOT ALERT! Real Estate News in the making! The Fed just shocked the market with its unexpected dovish announcement. In my opinion, the Fed had no choice; they either embraced lowering the Fed Funds Rate or caused widespread bank insolvency and business failures. There is a lot of pent-up housing demand waiting on the 2024 sidelines, and with six rate cuts planned next year, price inflation concerns will be hard to predict. Add in the Dollar's increased fall from the Reserve Currency and Petrodollar status, and even the supply chain becomes an area of concern.

In the late 70s, interest rates soared to nearly 21%; back then, the Reserve Currency status was not an issue, and the U.S. had a higher percentage of domestic

**2023 UPDATE!** DEALS AVAILABLE! MAKE HASTE WHILE THE SUN SHINES!

For 20 Years, I have saved my clients MILLIONS of dollars by helping them find GREAT NEW HOME deals, and THEN, I paid them collectively MILLIONS more in VALUABLE New Home Buyer Cash Rebates. That is why you have nothing to lose when you check with Mike Askins before you buy. Simply put, if I can't improve your savings, you have no obligation to me.  

It's the perfect TIME to discover how my experience can help you optimize your Q4 2022 New Home Purchase efforts. You have nothing to lose besides overpaying or leaving money on the Closing Table that you can keep.

Here's the looming elephant in the room because, next year, builders may increasingly be forced to HALT

**Sept. 28th: Bank of England PIVOTS. Changes coming.**

Dallas Fort Worth area new home builders went from early year CIGAR-SMOKING FAT CATS to the home BUILDER SOUP LINES, but how long this sudden buyer opportunity will last is UNKNOWN, and already monetary policies are beginning to change.

Currently, panicked DFW area Home Builders have SCADS of unsold new home inventory heading into yearend that they desperately need to sell or face crippling bank lending restrictions and higher interest costs next year. As a result, they are listening to offers regardless of discounts shown in MLS.

In addition to generous builder price discounts, you may also expect CLOSING COST incentives to help buy down MORTGAGE INTEREST RATES! START SEARCHING FOR

Why List Your Home with Mike and Jenee of the Askins Realty Group?

• Honesty. We shoot straight.
• Savings without gimmicks.
  
• 20 Years of proven top producing Realtor experience
• Well over a 1000 home sales and many repeat clients
• Millions in client commission savings compared to full cost brokers
• A 95% success rate closing our listings since 2004 in up and down markets
• A perfect BBB record since 2005.
• Full Service. Pre-list to Close!

View Home Seller's Guide Spring 2022 Edition

View Home Buyer's Guide Spring 2022 Edition

MONEY-SAVING REAL ESTATE SERVICES OFFERINGS

Just Selling? View MLS STATS - Get Top Dollar & Save on Listing Commissions

Just Selling and Buying? Check Out DFW's Best Money Saving Move-up

 Buy New with Mike Askins, and I PAY YOU! Adding my broker information to your new home contract WILL NOT increase your new home price, but will allow me to REBATE THOUSANDS back to you when you CLOSE.  Call Mike @ for a Rebate Quote and I'll text you my valuable broker information you'll need to add to your new home contract to secure your Cash Rebate. We're paying 3% on Highland and David Weekley!

To View New Homes in an easier format, CLICK HERE.

BREAKING NEWS! Dallas Fort Worth and Texas-based home builders have had record business in 2020 and now in 2021, but not record profits as inflation has significantly minimized contractual profits estimated to be in the Billions of dollars. If buyers today think they can stop runaway housing inflation train by contracting to build from an empty lot months before closing, then they should know those days are now quickly coming to an end with an ever-growing list of DFW new home builders suspending build contracts in an effort to stop losses associated with monetary inflation.

Today, builders are turning away from traditional "build to suit" contracts on empty lots to contracting when new SPEC homes are ostensibly complete with known cost numbers to

The Dallas Fort Worth Housing Market has never seen such a housing shortage as now, and that is occurring with a record-breaking 40,000 new homes built in 2020 and another 40,000 forecasted to be built in 2021 according to KRLD Radio. Additionally, KRLD 1080 Radio reported, "the median price for a single-family home jumped 16% last month to nearly $313K, the highest price ever in North Texas."

For generations, there has always been an ample supply of area homes for sale, especially new homes, and that has helped to keep home prices competitive and in check, but for now, that past norm is "out the window" as the DFW Metroplex struggles with a housing supply shortage and rising prices. 

And so there are new rules that apply to both locals and