DFW Frisco Real Estate Update

Описание: Hi everyone, I’m​ Ashly Westbrook with Westbrook Realty Group, and welcome to this week’s real estate update for the Dallas-Fort Worth and Frisco area! My goal is to bring you valuable knowledge about the market and help you make smart real estate decisions. Let’s dive into what’s happening this week and how it impacts you!

1. Mortgage Rates Are Steady, But Predictions Look Promising
Mortgage rates are holding steady at around 7.08%, but here’s the exciting part: experts predict they’ll slowly decline throughout the year, potentially ending at around 6.3% to 6.5%. This means buyers and sellers could see increased affordability and more activity in the market. However, it’s important to act early to avoid missing out on rising home values.​ I'll show you an example here is just a sec.

2. Rising Demand: A Strong Start to the Year
Did you know mortgage applications just saw their biggest increase in five years? In January alone, applications surged over 33%, with nearly 27% of those being purchase applications. ​This shows more people are ready to jump back into the market, and if you’re thinking about buying or selling, now is the time to start planning.​ Here's my prediction and what I am seeing in the market. Explain this minute you have days on market increasing, sellers needing to sell, but want top dollar and what we are walking into is a strong buyer spring market. I predict that we will experience multiple offers again and buyers who are hesistant to offer top dollar could lose out again on the owning your own piece of land.

3. Home Equity: A Golden Opportunity
Here’s a game-changer: 50% of homeowners have 50% or more equity in their homes. This is a huge opportunity!

You could use that equity to buy a second or third rental property, setting up additional income streams.
Or make those long-overdue home improvements to boost your property’s value even more.
​Thinking about your kids heading to college? Use that equity to buy a home for them.​
If you’re curious about how much equity you have, contact me today. I’ll help you calculate it and show you how to make the most of it!

4. Home Sales and Inventory Trends
December sales were up 2.2% compared to November, and the market is showing steady signs of recovery.
For 2024, we saw a record-high median sales price of $407,500, which is a 6% increase from the previous year. This means waiting to buy can cost you thousands in lost equity.​
For sellers: Pricing correctly is more important than ever. Nearly 33% of homes already listed this year have had to reduce their prices. Don’t make that mistake—start with the right price, and let’s work together to position your home for success.
5. What This Means for Buyers and Sellers
If you’re a buyer, now is the time to act before prices rise further. Waiting for lower rates might mean missing out on equity growth.
If you’re a seller, the market is stabilizing, but proper pricing and marketing are key to selling your home quickly and for top dollar. I’m here to guide you through every step of the process.


Thank you for joining me for this week’s DFW Frisco Real Estate Update! If you’re ready to learn how much equity you have or if you have questions about buying or selling in 2025, reach out to me directly. Let’s make your real estate goals happen this year. Don’t forget to like, subscribe, and share this video with someone who could benefit from this information. See you next week!
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January 28, 2025