Finding the perfect home is much easier with our team!

April Smith
Loan Originator
NMLS ID 665332
Office: (817) 779-4599
2715 W. Green Oaks Blvd, Arlington, TX 76017
817-276-5149

Loan Originator
NMLS ID 665332
Office: (817) 779-4599
2715 W. Green Oaks Blvd, Arlington, TX 76017
817-276-5149
A simple internet search will tell you what a home is worth. Or will it?
Just because a website shows you an estimate of a home’s value doesn’t mean that’s what you can buy or sell the house for. In fact, many home-valuation websites include disclaimers about how inaccurate their information may be.
The internet also has plentiful data on median home prices in an area, the number of properties sold, days on market, housing inventory, etc. But even if that data is accurate and up to date (is it?), you may not know how those numbers translate into home values for the property you’re selling or buying. And how do you take into account the differences from one neighborhood to the next or one home to others nearby?
Thankfully, as your local DFW REALTOR®, I can show you accurate, comprehensive data relevant to your situation and provide the context to help you make sound real estate decisions. As A Texas REALTOR®, I have over 30 years of training and experience to explain what the latest market data mean for your situation. So before you get too excited or distressed about the real estate data you found online, talk to Steve Young with RE/MAX, your Texas DFW REALTOR®.
(817) 276-5149-office



April Smith Loan Originator NMLS ID 665332 april.smith@nrlmortgage.com Office: (817) 779-4599 2715 W. Green Oaks Blvd, Arlington, TX 76017 |





Jan 31, 2020
CAMBRIDGE, Mass. – The percentage of Texas’ renting households that spend more than 30 percent of their income on housing is rising at a faster rate than the state’s population, according to an analysis from the Harvard University Joint Center for Housing Studies (JCHS).
In 2008, 1.3 million Texas households that rent were moderately or severely cost-burdened. By 2018, that number rose to 1.7 million. That’s nearly half of Texas renters.
“In terms of other states, this is kind of in the middle of the pack,” said JCHS Research Associate Whitney Airgood-Obrycki. “But Texas is seeing affordability pressures grow maybe faster than the rest of the country.”
“Housing costs, including rents, have risen more rapidly than household incomes,” said Real Estate Center Chief Economist Dr. Jim Gaines. “Consequently, this has put a burden on households in terms of the percentage of income they have to apply toward housing costs.”
Gaines said the average effective rental rate in Texas’ major metros is well over $1,000 a month.
Meanwhile, the number of renter households in Texas is growing at twice the rate of owner households. According to the report, this can have long-term effects on families’ wealth, as the number of people that gain equity through home ownership decreases.
One reason for the state’s high percentage of renters, Gaines said, is Texas’ high number of young residents. He said many are simply at an age where they’re more inclined to rent, plus many are in a tough position to come up with a down payment for a home.
Additionally, Airgood-Obrycki said that while new housing is being built across the state, almost none of it is affordable.

Reply