How to find the best deals for a home in Dallas
A Dallas-area homeowner is making the rounds on social media to sell their home to an online buyer.
The homeowner is in search of a place that fits her budget.
She’s searching for a property that fits the budget of a person who is single and does not have kids.
This homeowner has a 3 bedroom house and she is considering buying a 4 bedroom home.
What she does not know is that her current house is on the market for $7,000.
So how much would you be willing to pay for that home?
She’s not alone.
Many people are selling their homes in droves.
According to the latest National Association of Realtors data, the median sale price of a home sold in the U.S. in the first six months of this year was $6,700.
That’s a 15 percent increase from the same period in 2016.
The National Association said the median price of homes sold in 2017 was $9,200.
This is up 14 percent from the previous year.
It’s no secret that home prices are rising in many parts of the country.
Many are now finding it more challenging to afford the rising prices.
According the Realtor.com , home values have been on the rise for more than a decade.
The median price for a one-bedroom home in the United States has climbed 20 percent over the past six years.
The national median price rose by $1,100 from 2015 to 2017.
The housing market has been on a roller coaster ride in recent years.
On the one hand, the U-Haul is a boon for homebuyers.
It has increased home sales for decades.
And it has boosted the supply of homes.
On another hand, home prices have been rising at an annualized rate of 2.8 percent since 2015.
The question for many homebuyer is whether the sky is falling or the housing market is on a fast-upswing.