……..and almost no demand at these prices… pic.twitter.com/uzqEYs3ybc
— Saw Chuck (@Saw_Chuck2023) December 18, 2024
Distressed sellers inbound. They keep droping the rates on these townhomes. 2.99% interest rates. I drive by it every day and I don't see cars. They also stopped building at the halfway point. Apartments all around this area with banners, flags, and everything else try to lease… pic.twitter.com/FLIif4eG0d
— MacroSpeed Economics (@MacroSpeedEcon) December 18, 2024
1) Dallas County went from 4,444 homes on the market last year to 6,485 listings in November 2024.
Good for 47% YoY growth in listings.
Which is way above the US average of 26% for the same period.
Indicating that the Dallas housing market is softening fast.
— Nick Gerli (@nickgerli1) December 18, 2024
3) Now interestingly – home values in Dallas have held fairly stable in the initial stages of this inventory increase.
With home values roughly flat YoY according to data available on Reventure App. pic.twitter.com/znwKvlDZNb
— Nick Gerli (@nickgerli1) December 18, 2024
The institutionals are trying to quietly offload properties
Good luck https://t.co/AsAzGygsl8
— Melody Wright (@m3_melody) December 18, 2024