Industry Insights

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

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You may have missed that the FTC just recently sued and ordered Opendoor to pay a $62 Million Dollar fine for deceiving consumers. For years I have been advising that the only way to ensure earning top dollar selling your property is to prepare your home, hire a Realtor®, and list it in MLS (See: The Real Cost of a Home Buy-Out Offer). Selling your home directly to the public, and avoiding difficult-to-understand middleman costs, is the only way to avoid potential equity-reducing financial disappointments, so "Caveat Emptor" when considering an easy way out of your home. 

Sellers would be advised to search and review the BBB and other online resources about buy-out companies before signing any contract with them. A complicated process nearly always

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Of course, I don't hold tomorrow's economic headlines in my hands, but on a historical basis, the U.S economy is long overdue for a correction, and who knows what this so-called RESET will do. Then the 2020 pandemic triggered a pronounced wave of extraordinary inflation and an unprecedented dislocation of the world's critical supply chains that still haunt our markets.

Huge government bailouts and emergency spending soon followed adding helicopter money to an economy whose factories were ordered to curtail operations and that triggered today's crisis of inflation caused by too much currency chasing too few goods. How come our so-called experts suddenly seem to be anything but experts?

Will Sentiment Change from Easy to a Tighter Money Supply?

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Housing availability in the Dallas Fort Worth Metroplex has been in a critically short supply. Builders are at full capacity and have sold out many neighborhoods. Additionally, home builders are restricting monthly sales as they shift towards selling near-completed inventory homes to prevent profit losses experienced in 2020 due to construction material inflation. 

A growing number of DFW home builders are leaning towards accepting "bids over asking price," like what is happening in the pre-owned housing market, as desperate homebuyers compete for new real estate. These current economic conditions have combined to create the greatest North Texas seller's market ever and, along with, a growing nightmare for today's homebuyers.

Texas Housing Did

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As Texas moves forward into tomorrow's AI technology world, the entire construct of civilization as formerly understood is about to experience a polar shift. The next ten years will see dynamic population changes due to workforce demands, and Texas finds itself at the forefront of an uptrend in housing demand.

The recent so-called Pandemic did, if anything, revealed many societal inefficiencies regarding traditional corporate capital infrastructure expenditures. Businesses large and small are now increasingly shifting from expensive office buildings towards a more capital-preserving work-from-home workforce. Homes connected to the fiber-optic gigabit pipeline are in high demand for marketing, sales, software, medical, engineering, and IT

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IT was bound to happen. Overplaying the COVID card has caused mountains of reckless government borrowing. With each passing day, the resulting debt-aftermath is approaching, and it looks daunting. It is clear to prevent a complete collapse of the credit currency that interest rates will need to go up to begin to remove from circulation all those inflation-causing credit instruments responsible for skyrocketing real estate and stock market valuations. In doing so, the Reserve Bank protects itself from collapse while transferring any resulting consequences to the people.

Honestly, it is not difficult to see that natural law is the gold standard of civilization. It fosters pricing stability and rationality, but it seems absent in today's artificial

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Millions of Texans, including scores of families that have moved here recently, got a reminder of Mother Nature's fury, compliments of Winter Storm Uri (photo courtesy of NASA). As it turns out, our solar system's Sun is now in what is known as a Solar Minimum. This might, according to astronomer Bob Berman, suggest we may be seeing more of these powerful winter storms in the coming years, due to lower sunspot activity. The good news is that Texas' electric grid problems are all fixable, but it will cost money and require tens of thousands of new jobs to get this big Texas fail-safe job done. Texas is a can-do state, and the initiative is couched in urgency as stated by Gov. Greg Abbott.

Job number one is to create the most robust, spare capacity

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Mortgage rates continue to decline and have hit a 3-year low, and for new home buyers, this has to be welcomed news. Access mortgage calculator.

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Here is an excellent large luxury new home value on a hard to find Greenbelt and Cul-de-sac lot! In fact, I would be remiss, if I did not bring this big 4 bedroom home with 5.5 Baths to your attention. What is even better is this hidden gem of a Prosper community, priced from the upper $400's to the $700's features large .3 to .5 acre lots, and no PID or MUD taxes to increase your monthly housing costs. I believe that new home buyers are smart to base their home buying decision on the overall measurable value before settling on a new home. I am happy to report, that is where Bloomfield Homes scores surprisingly high on value and quality, for their well-located luxury-level series of new homes on large 1/3rd acre+ estate lots at Prosper Lake on Preston

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In a world where money changes hands digitally and globally at the speed of light, scammers in increasing numbers are looking for any vulnerabilities to exploit, including spoofing phone numbers of real estate agents. The bottom line, you should never transmit or wire funds to anyone unless you are 100% sure you have that financial institution's correct routing information and have called to verify with the party requesting the wire using a known phone number.