Wednesday June 28, 2017
Normandy Homes knows Dallas-Fort Worth is the best place to buy a home in the country, but the hot DFW real estate scene continues to receive recognition on a national level. A new report from Zillow finds Dallas is one of the best cities in the nation for first-time homebuyers.
Dallas is ranked No. 9 thanks to several factors, including a more affordable down payment due to DFW’s lower-than-average median home value, a strong home value forecast, a higher inventory-to-household ratio, a shorter breakeven horizon—which indicates it’s financially better to buy than rent—and a greater share of home inventory listings with price cuts.
"Renters hesitant to enter the home buying market for fear of not being able to find an affordable home should be encouraged to discover they may have more options than they thought," said Zillow Chief Economist Dr. Svenja Gudell in a news release. "The decision between buying and renting is a financial trade-off between saving more each month on a mortgage payment versus spending more on rent but taking advantage of the location and lifestyle amenities urban renting often offers. Recent slowdowns in rent growth may take some of the edge off for renters saving to become homeowners. This is good news, since saving a down payment, qualifying for a loan and finding a home available at a manageable price remain hurdles for millions of aspiring buyers."
With more people moving to the Dallas-Fort Worth area every day to take advantage of the great job market or as part of one of the many major corporate relocations coming to the area, many buyers moving from more expensive coastal cities have also found that they can now afford to step into the market and buy a home sooner than planned.
If you’re a first-time homebuyer looking for a new home in DFW, Normandy Homes has plenty of options for you. Normandy’s homes are found in DFW’s most desirable neighborhoods, including Allen, Carrollton, McKinney, and North Arlington. There are numerous factors that set Normandy Homes apart from other DFW homebuilders, including our award-winning architectural designs, energy efficient features, and our 30 years of experience in the homebuilding industry.
Explore our website for more information about the new homes in DFW available from Normandy Homes.