Mar
22

General Market Information

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As of May, 2014 the Seller’s market continues.  However, the winds are beginning to shift to the East.  Consequently, many sellers may soon be looking for someone to buy my house now!DFW Problem House Buyer

If you know anything about sailing, then you know that the Easterly winds are the winds of change.  What change?

  1. Inventory.  While the number of existing homes for sale is still low, the inventory is increasing.
  2. Sales rates are slipping.

The first two items can be attributed to greed.  Many sellers apparently believe that their property will sell at any price.  At the same time too many real estate agents will accept a listing at any price.  There’s just one problem… the buyers are passing!

  1. Increasing interest rates.  Despite the Federal Reserve’s best efforts to hold rates at artificially low levels, market forces will prevail.  I predict double digit interest rates by Summer, 2016.

There are other factors such as the corporate federal income tax rate, the labor participation rate, real unemployment and the number of Americans receiving some form of welfare payment.  These conditions do not point to a healthy economy. 

I have witnessed four recessions during my real estate career.  The first in 1981-82; then the market correction of 1991-92; followed by the dot.com bust of 2001-2; and most recently the subprime mortgage bust of 2009-11.  So far I have survived; and plan to be here for a few more years, regardless of what change may occur.  So when you are looking for someone to “buy my house”, please give me a call at 469-774-6655.

Mike Brendel
Your DFW Problem House Buyer

Problem House Buyer

 

 

 

Categories : Market Info

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DFW Problem House Buyer buys problem homes for cash, whether it’s due to divorce, inheritance, a problem rental, poor condition, or any other life circumstance that requires you to liquidate a home fast for cash. DFW Problem House Buyer offers “As Is” Cash Purchases, Specialized Brokerage Services, and/or Guaranteed Sales Plans. DFW Problem House Buyer serves Denton, Tarrant, Dallas, and Collin counties, including but not limited to: Fort Worth, Arlington, Hurst, Euless, Bedford, North Richland Hills, Colleyville, Grapevine, Trophy Club, Keller, Roanoke, Argyle, Robson Ranch, Grand Prairie, Mansfield, Dallas, Richardson, Garland, Mesquite, Plano, Frisco, McKinney, Allen, Denton, Corinth, Carrollton, Lewisville, Highland Village, and Flower Mound. © 2013 DFWProblemHouseBuyer.com. All Rights Reserved.