What to Expect in 2017.....

Written by Posted On Wednesday, 01 February 2017 11:01

Dallas, Texas....

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All indicators tell us that 2017 will be another fast-moving market for home sales across North Texas.  Let me share with you a snapshot of what we can expect to see in the next 12 months. You may have seen recent headlines touting a 26% rise in homes sales across our area during the month of November – the highest increase in five years. That’s no surprise when you consider that almost 400 people move to Dallas every day, thanks to our area’s strong economy and rising job market. I’d like to share with you a few details about our local market.

Dallas is still the nation’s second-hottest market, according to economists at the Home Buying Institute who are forecasting home-price gains. Demand remains high for homes across our area, putting upward pressure on home values.  Last year saw double-digit gains in home values, some as high at 16%, in sought-after neighborhoods.  Dallas’ growth is expected to produce home value gains around 7-9% in the year ahead. With the election in our rearview mirror, economists expect interest rates to take a slight step upward –likely no more than 4% for a conventional fixed-rate mortgage.

In 2016, our area saw housing inventory hit all-time lows, with an average of 2.2 months of availability compared to a balanced inventory of 6 months, according to a recent Standard & Poor’s/Case-Shiller Home Price Index. At the close of 2016, we saw a rising market throughout North Texas with sellers getting 97.4% of their asking price, and homes averaging just 41 days on market, according the North Texas Real Estate Information Systems, Inc.

Besides starting out a New Year, I’m thrilled to partner with a brand that offers legendary strength, marketing and expertise in the Dallas real estate market. Together Allie Beth Allman & Associates and Berkshire Hathaway are leading in key markets throughout Dallas/Ft. Worth.

I’ve been blessed for 34 years to be a top producer in the Park Cities and surrounding  markets and would love an opportunity to help you with any of your real estate needs should you decide to buy or sell in 2017. I’m hands on every aspect of my transactions – you’re too important to delegate to an assistant.

Call me if I can be of service for any real estate needs! 2017 is going to be a great year! 

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Nora Ling Lane

"It's a privilege to work with my clients. I am humbled and blessed to serve their Real Estate needs."

When asked about the secret to her success in real estate, Nora Ling Lane will simply answer, “The Grace of God.” As the daughter of Dallas real estate legend, Jennie Ling, Nora learned how a great work ethic and putting her clients above all else leads to results. She believes that honesty,  integrity and relationships  are the key ingredients that set market leaders apart. Her motto is, “say what you mean, and mean what you say.” For more than 32 years, Nora has specialized in the Park Cities and vicinity, Preston Hollow and Lakewood where she, along with her husband, Jody, raised all three of their daughters.

Consistently focusing on the goals and needs of her clients, she has risen to the top of the industry where she is recognized for superior service, advanced negotiation skills, innovative use of technology, and sophisticated online marketing strategies including heavy social media and internet marketing. Nora has a strong belief in handling every aspect of each transaction from start to finish rather than relying on an assistant to handle details of her transactions....her clients are too important to delegate to anyone else! Learn more at www.noralane.com.


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