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.