Garland, Rockwall and Rowlett Real Estate Market Commentary | December 24, 2014
The residential real estate trends for Garland, Rockwall and Rowlett indicate a seasonal dip for total sales. Listing inventory is continuing to decline. This decline can also can be attributed to being a seasonal adjustment. What continues to be a positive in the market are not only the low prices at the gas pump (though this has other implications that are not as positive) but also the historic low mortgage interest rates which are now at an 20-month low. Residential home inventory has continued to remain low which is a definite favor to sellers in this 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 and his latest article regarding the overall market here.