cooke: Where Have All The (Affordable) Houses Gone? - 05/22/17 08:20 AM
Finding a new home for under $200K in North Texas was a breeze in the not so distant past. Much has changed between 2013 and 2017.
Metrostudy has recently released their first quarter 2017 report showing what local real estate experts know to be true from day-to-day experience: finding affordable housing is "nearly impossible".
Paige Shipp, Director of Metrostudy's Dallas-Ft. Worth region, states, "finished vacant inventory priced below $249,999 are in the shortest supply. Conversely, the months of supply for homes priced above $400,000 grows every quarter. Again, this demonstrates that the strongest demand is for homes below $400,000."
Metrostudy's 1Q17 report summarizes this quarter’s dramatic … (1 comments)