North Texas Home Sales Up 16 Percent in Sept

I've been hearing a lot of agents say their business has slowed down lately. The interesting thing is that most agents believe their personal experience is an indication of a macroeconomic trend... Sometimes it actually is and sometimes it isn't.

The newest article published by Steve Brown in the Dallas Morning News says home sales haven't slowed down at all. In fact, they're up 16%.

If you're thinking about selling, I wouldn't wait. The market is hot. It will slow down. You're in the window of opportunity right now.

If you're thinking about buying, don't let this fool you... Any amount of money you would have saved in a down market is NOTHING compared to the amount you will save by taking advantage of the 3.8% mortgage rates we currently have. If it jumps to 4.8%, you're spending roughly $130,000 more over the life of the loan. Also, the sooner you buy, the sooner you get to enjoy increasing property values. The longer you wait, the more you have to pay.

The market is hot for a reason. Buyers and sellers are both winning. Enjoy it while it lasts.