This is the Market

The current housing market won't crash unless there's a "black swan event." It may plateau, but that will take time.

Housing is basic capitalism: supply and demand. These are the new prices. They are the comps. This is what people will pay for a limited resource in a specific location and condition.

Just using 2021 housing starts as a baseline (1.7M), we are 9.028 million houses short nationally by using the Census Bureau annual starts (below). Other estimates put us closer to 10.5 million houses short nationally.

High demand areas such as Frisco, Texas are shorter on supply than demand. Consequently, prices and appreciation are higher than rural areas included in national numbers.

Please look at the housing starts since the year 2000.

You can also download the Census Bureau housing start data as a spreadsheet.

I’ve Got Your Six!

Mark M Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com

#DFWmark #REALTOR #MarketWatch #HousingStarts #SupplyAndDemand #Construction #NewBuild #HousingShortage #CensusData #NoCrash

FreddieMac Interest Rates Snapshot

Please look at the blue line for 30-year Fixed Rate Mortgages from FreddieMac. It started the year low and jumped after a vaccine was released and the “Buying Season” started. It is currently flat but noticeably higher than the start of last year. If you’re ready to buy or sell, take advantage of this information. Call, text or email me.

I’ve Got Your Six!

Mark M Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com

#DFWmark #REALTOR #FreddyMac #mortgage #MortgageRates #FlatRates #SellNow #BuyNow #forbearance #foreclosure