Michael Dryden RE/MAX Heritage

Making Dream Homes A Reality

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There are some helpful tools here for both buyers and sellers; and the Blog has the  latest information on buying, selling and financing homes in Keller, North Richland Hills, Fort Worth, Haslet, Saginaw, Roanoke and Watauga!

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Specializing in buying and selling homes throughout North Tarrant County! If you are a buyer or seller who lives in Fort Worth, Keller, Saginaw, Watauga Roanoke, North Richland Hills, Hurst or Bedford or if you are looking to relocate to our area, I'd love to assist you! Real estate is one of the largest and most exciting investments one can make. Our RE/MAX Heritage team of REALTORS® are here to make sure that your process is a fun and rewarding one! Our website is geared toward our local areas of Fort Worth and North Tarrant County. RE/MAX Heritage agents are specialists in our community and we would be happy to help you with all of your real estate needs!

Want to know what my clients say about me? I am proud to share the comments of my clients for your review. Click on the TESTIMONIALS button at the bottom of the page, to see some  of my clients comments on my service in finding their home.

Some helpful information for everyone interested in Texas real estate!  These two links tell you about the important relationship your Broker or Agent has in the real estate transaction and some valuable consumer information for buyers and sellers. Texas Law requires all real estate licensees to provide the following information: 

Texas Real Estate Commission  Information About Brokerage Services and Texas Real Estate Commission Consumer Protection Notice

Michael
Direct: (817) 692-5026
Office: (817) 725-3005
Michael Dryden RE/MAX Heritage's Blog
08/17/2017

Housing bubble? What housing bubble? Beware of what \"everyone knows\".

58% of Homeowners See a Drop in Home Values Coming | Simplifying The Market

58% of Homeowners See a Drop in Home Values Coming

According to the recently released Modern Homebuyer Survey from ValueInsured58 percent of homeowners think there will be a “housing bubble and price correction” within the next 2 years.

After what transpired just ten years ago, we can understand the concern Americans have about the current increase in home prices. However, this market has very little in common with what happened last decade.

The two major causes of the housing crash were:

  1. A vast oversupply of housing inventory caused by home builders building at a pace that far exceeded historical norms.
  2. Lending standards that were so relaxed that unqualified buyers could easily obtain financing thus enabling them to purchase a home.

Today, housing inventory is at a 20-year low with new construction starts well below historic norms and financing a home is anything but simple in the current mortgage environment. The elements that precipitated the housing crash a decade ago do not exist in today’s real estate market.

The current increase in home prices is the result of a standard economic equation: when demand is high and supply is low, prices rise.

If you are one of the 58% of homeowners who are concerned about home values depreciating over the next two years and are hesitant to move up to the home of your dreams, take comfort in the latest Home Price Expectation Survey.

Once a quarter, a nationwide panel of over one hundred economists, real estate experts and investment & market strategists are surveyed and asked to project home values over the next five years. The experts predicted that houses would continue to appreciate through the balance of this year and in 2018, 2019, 2020 and 2021. They do expect lower levels of appreciation during these years than we have experienced over the last five years but do not call for a decrease in values (depreciation) in any of the years mentioned.

Bottom Line

If you currently own a home and are thinking of moving-up to the home your family dreams about, don’t let the fear of another housing bubble get in the way as this housing market in no way resembles the market of a decade ago.  Keller, Saginaw, Fort Worth, Southlake, Roanoke, Haslet, Watauga and all of North Tarrant County as well as Denton and Colin counties continue to post inventories BELOW buyer demand..  With interest rates still low, home affordability is still good, even with the appreciation of existing houses.  That meand it's time to act while you can get a terrific price for your existing home.   But it takes a strategy that lets you avoid being squeezed as you sell one home and buy another.   I've helped several clients do this in recent months.  Call me or contact me on the website to discusss your home's potential market price and how we can make the process work for you!



Real Estate Tools and Resources

Buyer Articles

Buying a home is a long and difficult process, but with these articles I can help you decide on what to look out for in the ever so changing real estate market.

Seller Articles

Selling your home can be challenging and a little bit stressful, however, with these articles I can help you decide what to do in order to make the process go as smooth as possible.

Property Request Forms

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