Couple great articles to share with your "on the fence" clients:
Here are 2 articles in Dallas Morning News Briefing on January 6th 2012:
D-FW rents see record rise in 2011-
North Texas apartment renters paid almost 5 percent more in 2011, the biggest annual increase on record.
At the end of 2011, DFW apartment rents averaged a record $804 a month, the Carrollton-based apartment analyst said Thursday. And most new North Texas rental units start above $1,000.
~DMN
Home mortgage outlook:
Fran Nothaft, chief economist at mortgage giant Freddie Mac, is predicting that residential mortgage rates will be "relatively low during the first half of the year, with rates edging up during the second half."
This week, nationwide rates for 30-year fixed home loans were a record low 3.91 percent.
That means the payment on a $200,000 mortgage is less than $950 (principle and interest) a month. Most new apartments in the Dallas area will run you more than that.
~DMN
