Question 1

Is DFW going to have a housing crash?

Accepted Answer

The conditions that caused the 2008 housing crash are not present in DFW today. Lending standards are strict, DFW's job market is anchored by major corporate headquarters, population inflow has been strong, and most homeowners carry substantial equity — not the overleveraged positions that preceded 2008.

Question 2

Is waiting for 3% rates the right strategy?

Accepted Answer

DFW home prices have historically appreciated year over year. Waiting for rates to fall to 3% means the purchase price increases during the wait period — the price gain often exceeds the payment savings from a lower rate. Whether to wait depends on your specific financial situation and how long you plan to stay in the home.

Question 3

Can you compete as a buyer when rates are elevated?

Accepted Answer

Elevated rates have increased days on market in many DFW submarkets and expanded seller concessions compared to the 2021-2022 peak. Negotiating leverage exists that was absent during the frenzied market. Rate buydowns funded by sellers are one strategy that can reduce the effective rate without waiting for market rates to fall.