I attend a networking meeting every Thursday at a local café. Great group. On the 24th I made my 30-second speech on the expectations some have that the Dallas market is going to “adjust”, and that they’re waiting on that before they buy real estate. I’ve heard people talk about this since 2016, and I’m sorry to say it’s not going to happen, at least barring something so catastrophic that the real estate market is going to be the least of our worries. I remember thinking Covid would crash the market, and it only served to antagonize the high demand with lower inventory. The people who waited to “time the market”, now have to worry about climbing interest rates in addition to that low inventory. It’s difficult to wrap our heads around real estate prices these days because for so long DFW was ridiculously affordable compared to other major metropolitan areas. Unfortunately we’re now victims of our own economic success, and having such a broadly-diversified job market like we do virtually guarantees more and more people moving here the next 20+ years. Frankly I hate it, and as much as I love making people money I hate people are being priced out of neighborhoods.
It’s great to finally be beyond mandates and lockdowns, and I’m pleased to announce my first Spring Client Appreciation Party since 2019. Hopefully the weather will behave, there are only so many people our house can fit. Look for an invitation if you’re a client, former client or referral source.
Lastly I hope you have a wonderful spring. We only get a month or so of perfect weather before the temperature soars, let’s make the best of it.
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