Yes, in May of 2020 the housing market was in the lock-down doldrums. Fast-forward to May 2021, and North Texas home sales are off the charts!
Heightened competition for homes on the market and low mortgage rates have placed consistent pressure on home prices for months now. The nationwide market is expected to remain hot and in favor of sellers throughout 2021, but in Texas real estate market’s demands are unrelenting. Multiple realtors are now describing the current residential real estate market as "the Wild Wild West." One realtor compared the real estate aftermath of COVID-19 to "the likes of World War II!"
The post pandemic-era real estate market has emerged as a windfall for sellers and a headache for buyers. A shortage of for-sale homes continues to boost prices across the nation by double-digits and is pushing house hunters to go to extremes to win bids. In cities across the state, agents describe a buying frenzy that has defied models, unleashed record-breaking, all-cash bidding wars, and pulverized middle-class home buyers who are unable to compete.
Agents used to do a market analysis once a week. Now, the life cycle of market data is measured in hours.
The most stressful thing about trying to buy an existing home in the 2021 hot real estate market is the competition. In February 2021, existing homes were on the market for an average of just 20 days! Now it's less than that. With homes flying off the market so quickly, competition to grab an best existing house before someone else puts it under contract can be gut wrenching. Imagine finally finding a house that you both like, them boom... it's gone before your agent can lock it down for you. Now imagine that happening over and over again until you are at your wits end.
Who wants to jump into that wild west "frenzy" when you need a new home? Relax, there's a much better way.
Remember the Rudyard Kippling poem that begins... “If you can keep your head when all about you are losing theirs.... Well, TLK Luxury Custom Homes offers you that kind of calm within the eye of the storm.
TLK Luxury Custom Homes is a “Hands On” builder and communication is key to making it all work smoothly. We are passionate about building a quality home that you will cherish for years to come. Our goal is to build lifelong relationships with our customers that want to refer us or use us again in the future.
We take the stress you're carrying around about your new home off your shoulders and walk you calmly the the entire process from day one. 2021 is the perfect time to build your new custom home.
When you’re ready, TLK Luxury Custom Homes is ready to build it for you, on your lot or ours. See how easy that was.
Pew Research reports that in 2014, a record 60.6 million Americans lived in homes having two or more adult generations or grandparents and grandchildren. That’s a 30% increase from the prior seven years, however multi-generational living is simply returning to the norm.
Back in the early 1900s, more than half of all senior citizens lived with their children or with their children and grandchildren. Between 1950 and 1980, there was actually an abnormal drop in multi-generational living as television promoted the go-it-alone, “John Wayne.” lifestyle.
Down through history, wealthier families always lived together in large, multi-generational dwellings. With Millennials staying or moving home and seniors living decades longer than any other time since Biblical Genesis, we home builders are taking notice. If living with extended family is good enough for Southfork Ranch and Downton Abbey, why now give it some thought.
One builder advertises his multi-generational home plans as “two homes for the price of one.” We like to think of it as a completely autonomous apartment inside of the main house or a home within a home.
Financial savings aren’t the only benefits of multi-generational living. Caregiving becomes easier, child care becomes automatic, and children form tighter bonds with older family members. In fact, recent studies also suggest that children growing up in multi-generational households have higher performance in school than those who do not. Other research reveals that seniors who spend more time with grandchildren live longer.
We’d love to show you the many, many options of multi-generational home design. Call TK Kneedler at 972-345-3368 for the details.
What will the DFW housing market look like in 2018? Well, Realtor.com predicts that only Las Vegas will have a stronger home market than the greater Dallas market will have this year. With its 6 percent expected increase in home sales, there just aren’t enough existing homes on the market to cover that need.
2017 Chairman of the Texas Association of Realtors, Vicki Fullerton explains one of the reasons for DFW's blazing hot market housing. She says, “The diverse job opportunities and high quality of life in Texas continue to drive in-state and out-of-state migration.” Fullerton also reports that Dallas-Fort Worth had the most new out-of-state residents and that even southern and central Texans are flocking to the DFW area.
Jennifer Cloud, Rockwall real estate attorney says of the DFW homes market, “I'm here to tell ya, our inventory shortage in the DFW area is the real deal. If you can find a lot and a builder who has time to build, that may just be your best option for now. Either way, stop waiting.”
Now’s the time to build your custom home. If you’re ready, TLK Custom Homes is ready to build it for you, on your lot or ours.