Housing Boom comes down, starting in Dallas-Fort Worth


Housing market in the U.S. has been in trouble. According to The Wall Street Journal, U.S. existing home sales have declined on an annual basis for eight straight months, the longest slump in more than four years.

Dallas is one of the first to start dwindling down in the housing market. New homes are being built for less to try and cut the sale prices down to as low as $150,000.

Due to unemployment declining in the Dallas area, house prices would increase because more money is coming in to future home owner’s pockets. However that is not the case anymore.

Now homes sales falling because although the asking prices are lowered the mortgage rates are increasing making it not so affordable to the average buyer.

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