Maybe you moved here from some expensive city on the coast, lured by a job offer and the cheap rent. An apartment broker directed you to a new building with a really pretentious name, like, say, "Celebrity." But after spending a few months renting a cramped, thin-walled unit inside Celebrity, watching drunk people urinate in your luxury community pool, it becomes clear that renting in Dallas really isn't that great of a deal. Time to buy a house, right?
"The only thing that's being built is apartments. Apartment rents are ridiculously high," says Matt Watson, a Dallas real estate agent who works with buyers and sellers in Uptown and Oak Lawn. Facing those "ridiculously high" rents, Watson says people decide to buy as the logical next time. Then they get a bad surprise: all the other people exactly like them, also wanting to buy a house, competing for few available houses. "We're literally at more than a 10-year-low at inventory," Watson says.
In other words, the housing market here is still insane. Dallas Morning News' real estate reporter Steve Brown recently analyzed home prices and now has the exact percentages showing just how insane it's gotten. Average prices rose 12 percent from 2013 in 46 different areas, the News found, also citing the lack of supply as a major factor. The neighborhoods with the biggest price jumps are as Wilmer-Huchins, Southeast Dallas, Lancaster and Oak Cliff.
What this means for you, poor Dallas resident, is you will not live in a home anytime soon, unless you already own a home, in which case you'll have no problem selling it, but then end up homeless when you can't buy a new home. As is the case with most things in life, this problem will go away if you get more money. So keep your head up and go find some money, somewhere.
We understand that for many people, buying or selling a home is probably the largest investment decision that they will make in their lifetime. Halo Group Realty LLC thus became active in selling Real Estate in 2008 and was setup to make this process a simple and painless transaction. Your dedicated agent will guide you every step of the way to make purchasing or selling your home enjoyable and exciting… as it should be!
Today, Halo Group Realty LLC is at the cutting edge of technology in offering assistance to those in need of real estate services, and we have revolutionized the method of delivering education to consumers. Halo is established as the place for consumers to get the knowledge and assistance they deserve in the process of facilitating the Real Estate transaction, positioning you in the best possible situation to get the best price when you either to buy or sell. With leadership, innovation and forward thinking, Halo Group Realty, LLC is poised to make a huge impression in the real estate market while providing clients the keys to home ownership.
Our goal is to help make your dream a reality and take away all of the stress that goes along with purchasing or selling your home. Whether you are purchasing new construction, an existing home, or just an open space for future enjoyment, representation by a Halo agent is a valuable tool in making your dream become a reality.