2014 Dallas Real Estate Market Outlook

2014 is expected to be another successful year in Dallas real estate so now is the time sellers! Demand remains strong and prices are expected to appreciate even further as Texas job markets continue to grow. Interest rates are expected to go up significantly this year to 5.5 %. With prices going up and rates too, this could slow things down a little near year end and price allot of buyers out of the market. Buyers, take advantage of these low rates now. 1 % increase makes a huge difference when it comes to the amount of home you can qualify for. Overall Dallas area home prices rose 20% from the previous 2012 year. Dallas Morning New today shows trend of rising homes prices. Here’s the breakdown. Uptown/Oak Lawn and Oak Cliff up 26% or more, Highland Park / University Park up 1-10%, East Dallas up 11-25%, Preston Hollow/N Dallas up 11-25%