Has The DFW Real Estate Market Returned To Normalcy?

As the DFW real estate market continues to recover, developments throughout the area point to new trends within the DFW Metroplex and throughout the nation. Specifically, the economic crisis of the great recession and all the developments related to the rise and fall of real estate prices in the last several years are now showing a return to normalcy. Meaning, the push by real estate investors to buy foreclosed homes and distressed properties which are resulting in purchases at the expected listing price, now has home owners in a holding pattern.  This is not necessarily a bad thing for the market as a whole.

This market condition which unveils a more conservative buy and hold strategy among many investors, is good for just about everyone, have qualified buyers who want to own real estate and prices had a chance to stabilize.  The market as a whole, the criteria we use measure real estate appreciation are reverting to more predictable standards. These events offer all agents a good example of how to respond to increased demand in the market.

To the extent that investors view the housing market as an inviting opportunity they believe that we are in a new era in the real estate industry, a more attractive environment, where investment speculation is much less common and the focus on growth is back. Realtors welcome this news because it gives them a strong argument with their clients about buying real estate, that a home is an investment, something that can appreciate, provide income (rental properties) and remain whether or not the economy is in expansion or contraction mode. Realtors should work more enthusiastically with their investors, their clients, their assets, knowledge and analysis about long term investment performance for real estate within a certain areas and neighborhoods.  Are these areas and neighborhoods the key to transforming a house from a commodity into a tangible source of investing success?

Real estate agents and investors can and should work together, so that the outcome is a positive one.  Both parties can identify potential investment properties where, despite the aggressive competitive bidding by other investors, the price for a property and its relative value among similar houses in the same area can foster a sense of partnership. The one thing that the real estate market does not need is an agent responsible for distorting the values of property and created wild speculation. This, fueled with easy credit, and accelerated by inexperienced investors who buy with unrealistic expectations; these factors are a recipe for financial disaster. This highlights the importance for Realtors and seasoned investors to collaborate with each other and creating a climate of economic vitality and responsibility.

If all of these principles are followed then the great DFW Metroplex can go from a city with excess housing inventory and foreclosures to a place where the real estate market is strong and sales are brisk. Realtors in other cities across the Nation can replicate the success of the DFW real estate market, and bring all of its communities back to life. This period may in fact, become a new era, a golden age of sustained recovery, stability and ultimate success. This duty rests on the shoulders of real estate investors and Realtors to create a plan that distances its self away from speculation and towards stability. Both of these groups are already close to that point.  They just need to continue working with each other, for their own mutual benefit and the good of the community in which they live and work.