With Dallas-Ft. Worth being touted as one of the hottest housing markets in the nation by a recent Realtor.com report, demand for housing has never been higher.

 

Houses in the D-FW area are selling at a breakneck pace with home owners receiving multiple full listing or higher offers sometimes within hours of listing their homes for sale.

The Texas Association of Realtors reported Monday (08/08/2016) homes sales in the Dallas-Fort Worth metro area skyrocketed year-over-year in the first quarter by 14.3 percent, with 20,206 single-family homes sold to buyers.

In North Texas, there's 15,683 active single-family homes listed on the market, or about 1.9 months of inventory, which is said to be a historically low rate for Dallas-Fort Worth. 

With the median home price in North Texas growing 8.6 percent year-over-year to $215,000 in the first quarter of 2016, any home in the region priced under $200,000 are snapped up quickly by home buyers.

With so much demand, so little inventory, and rising existing home prices, it makes flipping new construction one of the best strategies in today’s market, especially in the affordable housing market.

 And if you  know Joe Boston, (Founder, Dallas-REIG) he is always looking for new (to him) and different ways to invest in real estate and then share what he has learned with you, our Dallas-REIG community. Flipping new construction is Joe's latest investing strategy and you get to come along and earn, learn or something in between.

 

Join us for this Real-World Event when we will make a onsite visit to a new Spec-Building project in Oak Cliff.