Dallas-Fort Worth Home Prices Could Dip In 2020
A housing market cool is being predicted for 2020 and Dallas-Fort Worth could see a dip in home prices as the new year rolls around.
"In the DFW area, the researchers are forecasting a slight 0.5% retreat in home cost," according to National Mortgage News.
"While just a tiny decrease, it's the first such drop since the North Texas home market recovered from the Great Recession of a year ago. Local home prices have soared by almost 70% since the economic downturn."
The report revealed that Dallas-Forth Worth is one of 12 U.S. markets that could see a potential decline in home prices, however, overall buyer demand will remain steady.
"Sales of existing homes are expected to decline 1.8% in 2020, as the continuing supply shortage and moderating price growth will hamper buyers and tamp down sellers' expectations," said George Ratiu, senior economist at Realtor.com.
To learn more about the possible dip in home prices for Dallas-Fort Worth, click on the image above.
