Zee Star Realty

   Commentary from Kelly Milligan  The May data shows a market that is hanging tough, despite the headwinds we’ve been facing for the past two years now—higher interest rates, rising buyer costs, low inventory and pervading concern about the direction of the national economy.  Add in the uncertainty within the industry about how the NAR settlement will impact transactions, and it’s not hard to imagine a negative impact on the market.  And yet, we’re chugging along pretty well through the first five months of 2024.  Looking at numbers, we’re trending ahead of 2023, though slightly below where we were to this point in 2022, before the Fed started raising rates.  May sales were up year-over-year in 24 of 44 zones.  Among the most notable strong spots were high-volume areas like Allen (+26.3%), Carrollton (+22.9%), Lewisville (+22.5%), Plano (+24.7%), Richardson (+12.9%) and Wylie (+13%).  Sales in Dallas were off by 3.8%, but dollar volume and p...

 📢 Current Housing Trends in North Dallas: A Guide for Buyers and Sellers! 🏡 Hello, North Dallas! As we move through 2024, the housing market in our vibrant community is evolving. Whether you're a new home buyer, a first-time home buyer, or an existing seller, understanding these trends can help you make informed decisions. 🔍 Current Trends in North Dallas Stable Home Prices: While prices have seen significant increases over the past few years, the market is stabilizing, making it a great time to explore your options. Low Inventory: There’s still a limited supply of homes, which means competitive bidding, but also opportunities for sellers. Rising Mortgage Rates: Interest rates are creeping up, which can impact affordability but also indicates a strong economy. 🏡 Options for New Home Buyers Explore New Developments: North Dallas is booming with new residential developments offering modern amenities and community-focused living. Consider Pre-Approval: Get pre-approved for a mort...