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Updated over 4 years ago on . Most recent reply

User Stats

6
Posts
4
Votes
Byron Hunter
  • Real Estate Agent
  • Dallas, TX
4
Votes |
6
Posts

Opinion of Market Reaction Come January

Byron Hunter
  • Real Estate Agent
  • Dallas, TX
Posted

Hello BP family. I am a REALTOR in Dallas and own 2 rentals. I'd like to know y'alls opinion about what property values could do starting in January. 

My understanding is in January, unless things change, tenants can start being evicted for no rent paid, banks can foreclose for no mortgage paid, and mortgage payments will go up for those who skipped mortgage payments but did not think to still contribute to their escrow account for property taxes. 

Is this going to flood the market with inventory and drop prices? Rates will still be reasonably low; will this inventory be offset with high demand from people who were "forced out"?

Thoughts?

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