Bidding wars, absent from most parts of the U.S. residential market since its peak in 2006, are erupting from Seattle and Silicon Valley to Miami and Washington, D.C. The inventory of homes hovers close to a six-year low, while an increase in jobs and record affordability are tempting more buyers. The number of contracts to buy previously owned homes jumped 14 percent in February from a year earlier, the National Association of Realtors reported yesterday. North Dallas and it's surrounding cities are seeing this aciton as well. While listings will probably rise as banks accelerate foreclosures and sellers gain confidence in the market, the U.S. metropolitan areas with the strongest economies may be ready to absorb the additional inventory.
The housing crash is finally giving way to recovery in an increasing number of markets across the country including Dallas. The decline in unsold listings and vacant homes and the increase in rents presage better times ahead for single- family housing. About 2.43 million existing homes were listed for sale in February, the fewest for the month since 2005, the year U.S. home sales reached a record 7.08 million, the National Association of Realtors reported March 21.
Spring is upon us and with the great weather comes lots of great buyer's too! The good news is we are on an upward trend as our sales peak in June and July. With the insane growth spurt Dallas real esate is experiencing it is becoming one of the hottest in the nation! So Buyer's should be patient and Seller's should move faster. In great areas such as Frisco/Plano seller's are prompting these bidding wars by purposely pricing thier homes a little low engaging buyers to fall in love with the property instigating multiple offers. This spring is forecasted to swell in the coming months as lenders allow more foreclosures to flow onto the market. The top U.S. mortgage servicing banks, which agreed to a $25 billion settlement over foreclosure abuses last month, slowed the pace of foreclosures as they negotiated for more than a year with state attorneys general.
North Dallas and surrounding areas are hot hot hot. If you are ready to move or thinking of moving give me a call! I would love to start the bidding wars on your property today!
Recently there has been a lot of talk about home prices and if they ar
"have bought and sold a lot of homes in the past twenty years and have worked with many realtors. Kellye Demski has by far been the best agent I have ever worked with! Kellye has helped me both as a buyer and as a seller and she was exceptional at both. As a buyer, she took the time to find out what I really wanted, asked the right questions and did her research. In less than a month, she had me in the house of my dreams at far below market value. She took care of everything and it was one of the easiest transaction I’ve ever experienced. When it came time to sell, Kellye was the one I called. I was confident in her abilities to price my house and get the traffic it needed to sell, but I was blown away by how much time she took to help stage the house and how amazing the photos turned out. We had multiple offers, but Kellye did not pressure me to accept an offer until I found the right buyer. Again, she took care of everything and the transaction was so easy I could hardly believe it.
Kellye is knowledgeable, professional and honest. She’s extremely proactive and responsive without being pushy. She knows the right people and how to get things done, but most importantly, she truly cares about her clients and takes the time to get to know them and their needs. I highly recommend Kellye as an agent and will definitely work with her again in the future. "