Breaking news and exclusive reporting about real estate, commercial development and housing trends in Dallas, Collin County, North Texas and beyond.
Local real estate agents say some of their clients have paused as interest rates soared to a two-decade high.North Texas homebuying activity and prices slumped in September as mortgage interest rates surged to their highest point in more than two decades.
“While Texas mortgage bankers do not expect lower interest rates or an increase in housing supply, there are still opportunities for Texas homebuyers.”the U.S.
Amanda Rupley, a real estate agent in Frisco for Compass, said she is seeing multiple offers on some properties while other sellers are having to drop their asking price.
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