2016 Will Be Best Year For Dallas Area Real Estate In A Decade

Dated: 04/06/2016

Views: 522

Real Estate: 2016 Will Be the Best Year in a Decade | Keeping Current Matters

A few weeks ago, Jonathon Smoke, the Chief Economist at realtor.com, exclaimed: “All indicators point to this spring being the busiest since 2005.”


Now, Freddie Mac has doubled down on that claim and is saying that 2016 will be the best year that the real estate industry has seen in a decade. In their March Housing Outlook Report, Freddie Mac explained:


“Despite the challenges facing the housing market, we expect this to be the best year for housing in a decade. Home sales, housing starts, and house prices will reach their highest level since 2006 according to our latest forecast…Challenges remain, with low housing supply and declining affordability being a key concern in many markets, but on balance, the housing markets in the U.S. are poised for the best year since 2006.”


The key indicators that have given Freddie Mac such a positive outlook are:

  • Low interest rates

  • A resilient labor market

  • An increase in household formations

  • A projected increase in newly constructed homes


Bottom Line


2016 looks to be shaping up as a great year for residential real estate. Whether you are thinking of buying or selling in North Texas, now may be the time to sit down with a real estate professional to discuss the new opportunities that are arising. The Lisa Birdsong Group serves all of Dallas-Fort Worth and we're here to serve you.

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Lisa Birdsong

Top 1% of Texas Real Estate Teams; McSam Realtor of the Year, 2016; Certified Residential Specialist, CRS D Best Realtor, 2016, 2017 Castle Hills Realtor Advisory Board, 2016; Windsong Ranch Real....

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