The Bright Side - Modern Living Is Good In Dallas
- Date: 2009-01-29 - Word Count: 420
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It's no big secret. Times are tough right now, thanks in part to an economy that's seen its fair share of turmoil lately. And with the ever-constant stream of bad news on T.V. and in the papers every day - economic bailouts, subprime madness, adjusting interest rates, etcetera - you'd think the whole world was spinning out of control. And in some places, things are pretty bad when it comes to real estate. But here's the thing - modern living is still good in the Dallas area. Let's take a minute and look at the bright side of things…
The Desire For Dallas Modern Living Is Still In High Demand
Real estate definitely hasn't come to a screeching halt by any means, especially when it comes to modern-style housing throughout in-town Dallas. In fact, when it comes to lofts, condos, townhouses, and homes for sale, the demand from qualified buyers is still there. Even though modern living arrangements might be thought of as trendy in many aspects, their attractive nature keeps the market moving even through tough times. In many ways, the slowdown has actually produced more solid deals for both buyers and sellers than any time in recent history.
The Market Downturn Has Created Buying Opportunities Like Never Before
The deals and incentives available for homebuyers in Dallas, Texas and the surrounding areas are really phenomenal right now too! For buyers with solid financials (and after all, that's most buyers), home loan financing is still readily available. Although the mortgage underwriting process is a bit more extensive than in the free-for-all subprime market of the recent years past, the truth of the matter is that banks and mortgage lenders are giving rock bottom interest rates right now to those that qualify for traditional mortgages. The same goes for FHA and VA backed home loans. Periods of low interest like this only come along so often.
So while it is impossible to deny we're going through an economic downturn right now - and probably will be for the months ahead - it would be foolish to assume that real estate is dead, especially in the Dallas area. In fact, instead of viewing the economic downturn as a negative crisis, there's a flip side - this is one of the best buying opportunities in recent memory. Whether you're looking to buy or sell real estate in downtown or uptown Dallas, Victory Park, Oak Lawn, Highland Park, Lakewood, White Rock Lake, or Kessler Woods, one thing stands true regardless of what the national news is saying - modern living is still good in Dallas!
The Desire For Dallas Modern Living Is Still In High Demand
Real estate definitely hasn't come to a screeching halt by any means, especially when it comes to modern-style housing throughout in-town Dallas. In fact, when it comes to lofts, condos, townhouses, and homes for sale, the demand from qualified buyers is still there. Even though modern living arrangements might be thought of as trendy in many aspects, their attractive nature keeps the market moving even through tough times. In many ways, the slowdown has actually produced more solid deals for both buyers and sellers than any time in recent history.
The Market Downturn Has Created Buying Opportunities Like Never Before
The deals and incentives available for homebuyers in Dallas, Texas and the surrounding areas are really phenomenal right now too! For buyers with solid financials (and after all, that's most buyers), home loan financing is still readily available. Although the mortgage underwriting process is a bit more extensive than in the free-for-all subprime market of the recent years past, the truth of the matter is that banks and mortgage lenders are giving rock bottom interest rates right now to those that qualify for traditional mortgages. The same goes for FHA and VA backed home loans. Periods of low interest like this only come along so often.
So while it is impossible to deny we're going through an economic downturn right now - and probably will be for the months ahead - it would be foolish to assume that real estate is dead, especially in the Dallas area. In fact, instead of viewing the economic downturn as a negative crisis, there's a flip side - this is one of the best buying opportunities in recent memory. Whether you're looking to buy or sell real estate in downtown or uptown Dallas, Victory Park, Oak Lawn, Highland Park, Lakewood, White Rock Lake, or Kessler Woods, one thing stands true regardless of what the national news is saying - modern living is still good in Dallas!
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