10/29/2026
๐ก **What if 7% mortgage rates aren't unusually high? What if the 3% and 4% rates we got used to were the exception?**
I recently ran into some friends who remembered buying their first home when mortgage rates were 18%. They were thrilled when the seller offered to finance their purchase at 10%!
It's amazing how our experiences shape what we consider a good deal.
Today, many Dallas homeowners are holding onto mortgages with historically low rates, and understandably, they're reluctant to give them up.
Meanwhile, **home sales in Dallas have slowed dramatically since 2022, but average sale prices haven't experienced the correction many expected.**
Several leading housing economists are now forecasting mortgage rates at or above 7% through 2027.
So what does that mean for Dallas buyers and sellers? Will sales continue to slow? Will prices finally adjust?
๐ฅ **Take 3 minutes to watch this week's Dallas Housing Market Update.** I'm connecting the economic history behind mortgage rates with what's actually happening in the City of Dallasโand why the next several months could be particularly interesting.
๐ Follow for weekly Dallas real estate market updates and insights.