Home Insurance and Rising Home Prices
The Dallas Morning News published an article on Friday, March 7th on the rising home prices of close in Dallas neighborhoods. In 12 months, prices have skyrocketed to historic highs while inventory of homes available for sale are at a 20 year low. Traffic at open houses has jumped and many sellers are receiving multiple offers for their home with most above the asking price. People who would normally be in the market to sell their house and move up are sitting on the sidelines for fear of not being able to find a home before they sell theirs.