Garland, Rockwall and Rowlett Real Estate Market Commentary | November 25, 2014
The residential real estate trends for Garland, Rockwall and Rowlett indicate a slight rise in October for total sales. Listing inventory is continuing to see a decline. This likely has a lot to do with the seasonal aspects of the real estate market for North Texas. What continues to be a positive in the market are the historic low mortgage interest rates which are now at an 19-month low. Residential home inventory has continued to remain low which favors a sellers market. It is the opinion of Jim Catalano (Mortgage By Jim) a respected local mortgage broker, that interest rates may continue to remain near all-time lows based upon the potential bull market in the US dollar. This has been predicted for a number of years by well-known local investment and economic advisor, John Mauldin. See Jim’s full take on the mortgage market here.