As a real estate professional, I'm continually asked how I think the real estate market in Dallas is doing. My answer is...our market is doing okay. We are definitely a lot better off than many other areas of the country. As you may know, our market never saw the enormous amount of inflation that other cities saw, so we will not feel the burst of a bubble with a huge reduction in prices.
I say time and time again, I wish the media would report some of the positives in our area because people listen to the media! I try to take everything I see on the news with a grain of salt, it is too bad more people don't follow suit. I do believe there are many things that are positive going on in our city.
Dallas still has one of the biggest growths in our job markets in the country, and we are lucky to have the Barnett Shale. If you don't know about the Barnett Shale, it is one of the largest oil discoveries in history. It has provided the metroplex with many benefits that has flowed lots of money through our economy. While you may have heard it has dried up, I've been told quite the contrary is true!
Mortgage rates are at the lowest level ever. Someone told me today that the drop in interest rates (almost 2% in the last month) equates to a 15-20% reduction in sales price of the home with the principal and interest savings!
During a time like this, sellers must be realistic with pricing. I see overpriced homes sitting on the market for an extended period of time. If homes aren't priced right when they are listed, it is going to be a long road before they are sold. WIth that said, homes are still selling. I was involved in a multiple offer situation with my client not too long ago, we didn't get the house...but if people are telling you there are no buyer's out there, then how did I get in a bidding war for a house and lost out?
I think it is a great time to be a buyer and if you are thinking about making a move, now is a good time!!
ZIP Code: 75093 Approximate Location Boundaries: North of Dallas
Location Characteristics: Plano is a major suburb to Dallas. What used to be a far drive from Dallas now is in the middle of town. The city is home to many corporate headquarters, including Dr Pepper/Seven Up, Inc., Electronic Data Systems, Frito-Lay, Cinemark Theatres, and JCPenney. Plano's mission statement reads: "The mission of the City of Plano is to provide outstanding services and facilities, through cooperative efforts with our citizens, that contribute to the quality of life in our community."
About Blake Eltis:
You will not find another Realtor that is as dedicated to service as I am. I work hard to ensure you get what you want. I work 7 days a week, 23 hours a day and can always be reached. I am a consistent multi-million dollar producer. My company motto is "Expect More" and my customers truly know that they are getting 110% at all times.
I am a hands-on Realtor that follows the transaction from start to finish. My customers know that I will always be there when they need me.
I am committed to my customers to make them feel like they are my only customer.
I have several strengths such as: Knowledge of the market, Hands on attitude towards every transaction, My customers always come first!, and Dedication to providing the best possible service.
When you call Blake Eltis, you get Blake Eltis.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
