Dallas housing market rockets into ‘21 with record demand
Sales in 2020 were held back by a short supply that continues in the new year.
About two-thirds of Dallas-area residential districts saw higher home sales in 2020.(Steve Brown )
Dallas’ housing market headed into 2021 with an unprecedented tailwind.
North Texas real estate agents sold a record of more than 119,000 single-family homes last year despite the economic drag of the COVID-19 pandemic.
Home purchases were higher in about two-thirds of Dallas-area residential districts tracked each quarter by
The Dallas Morning News.
The greatest sales increases were in far suburban neighborhoods where buyers competed to snatch up houses as quickly as they came on the market. Sales were up by more than 30% year over year in Melissa, Prosper and Sunnyvale, according to data from the Texas Real Estate Research Center and North Texas Real Estate Information Systems.
D-FW home prices are forecasted to rise by more than 5% in 2021
Local price increases will trail the national rise.
D-FW home prices are already at record levels.(Steve Brown )
Dallas-Fort Worth home prices are predicted to grow by more than 5% this year in a new forecast.
California-based Construction Coverage, a building industry research and reporting firm, predicts that median Dallas-Fort Worth home values will grow at a lower rate than the nation in 2021.
Home prices across the entire country are expected to increase by 7.9%.
“Record low home inventories in tandem with historically low mortgage interest rates will most likely ensure home prices continue to rise,” Construction Coverage’s new forecast says.
Is that light at the end of 2020′s very dark tunnel? Here’s the year-ahead outlook for key Dallas-Fort Worth industries
Jobs, air travel, oil prices, online buying and possible Medicaid expansion the topics that could dominate business news headlines in 2021.
With 2020 in the rearview mirror, some vital Dallas-Fort Worth industries see light at the end of the tunnel.(Michael Glenwood/Special Contributor)
Hotel California.
you can check out any time you like, but you can never leave sum up our year of fighting off an invisible virus.
We enter 2021 seeing glimmers of light at the end of the long, pitch-dark and deadly tunnel.