Mortgage rates declined this week, marking the fourth drop in the past five weeks, Freddie Mac reports.
“The decrease in borrowing costs is a nice slice of relief for prospective buyers looking to get into the market this summer,” says Sam Khater, Freddie Mac’s chief economist. “Some are undoubtedly feeling the affordability hit from swift price appreciation and mortgage rates that are still 67 basis points higher than this week a year ago.”
FORT WORTH, Texas – June 13, 2018 – Fort Worth home sales increased 6.4 percent to 1,247 homes in May 2018. The median price for Fort Worth homes increased 8.1 percent year-over-year to $227,000 in May 2018.
“Like most of the country, home prices in Fort Worth are rising each month, and inventory is low,” said J.R. Martinez, 2018 President for the Greater Fort Worth Association of REALTORS®. “A seller’s market can be very difficult for buyers to navigate. Realtors® are here to make the process as easy as possible.”
The Greater Fort Worth Association of REALTORS® is a professional trade association of over 3,000 licensed real estate agents and affiliate members.
Our members abide by a strict code of ethics and have access to a wide variety of business services that are not available to non-REALTORS®. This gives them a competitive edge in the marketplace, enabling them to provide superior services to buyers and sellers of real property.
Use this site to find a REALTOR® find out the current status of home sales or to compare home prices in a neighborhood in which you may be interested.