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In recent months, North Texas has experienced a notable shift in its real estate market. The surge in mortgage interest rates, reaching their highest level in over two decades, has left both homebuyers and sellers facing new challenges. This market update explores the effects of rising interest rates on North Texas homebuying activity, prices, and the overall real estate landscape.

The Median Home Price:  The median price of a single-family home in Dallas-Fort Worth dipped to $400,000 in September, marking a 3.6% decrease from the summer's peak of $415,000. Remarkably, this median price remained flat compared to the previous year, as reported by the Texas Real Estate Research Center at Texas A&M University and North Texas Real Estate Information…

Big news in the North Texas real estate market, as awareness of a new institutional investor spreads across communities. Billionaire B. Wayne Hughes, founder of Public Storage, and the newly-founded American Homes 4 Rent, has recently purchased close to 200 homes in the Dallas market and with plans to turn all of them into rental properties.  

American Homes 4 Rent is now the largest institutional investor in North Texas covering Dallas, Collin, Tarrant and Denton counties. Aside from the monopoly being created in the metroplex, nationwide American Homes 4 Rent has purchased close to a further 10,000 homes. This makes it the second-largest accumulation of single-family homes in the history of the USA. 

Due to the aggressive collection of homes, this…