Real estate in Texas has been experiencing a boom, and while the housing market works in odd ways, trying to predict how it will shape up a month from now, two months from now or even a year from now is always a guessing game. However, with the pandemic showing signs of slowing down in many areas, life seemingly begins to creep back to normalcy. Many consumers are optimistic about the future of the real estate market even as prices seem to rise and supply dwindles.
A survey done by Movoto, a real estate search company, showed that consumers were confident that the market would be favorable to buyers. Motovo rated national consumers on a scale from -100 – +100; with 0 being a neutral sentiment on buying conditions over the next three months. National buyers scored the market at +22.9 showing that most were fairly optimistic about the coming months.
To break things down by region, buyers in Florida, and Texas were more optimistic about the housing market. Respondents in Florida scored the market at +36.1 while Texas scored a +10.3. So, if you are looking to purchase a North Texas home or you are curious about real estate in Southlake, Trophy Club, Colleyville, or any other city in North Texas, please feel free to reach out and contact Team Hodnett!