![]() ![]() “It is encouraging that homebuilders have ramped up production, but the supply from new construction takes time and remains insufficient,” said NAR Chief Economist Lawrence Yun. Inventory in Fort Worth inched up to 2.2 months in June, which is half a month higher than a year ago but still a far cry from a balanced market, which is 6.5 months, according to the Texas Real Estate Research Center at Texas A&M University. On average, houses in Fort Worth spent 23 more days on the market in June than they did in 2022, according to a housing report from the Greater Fort Worth Association of Realtors.Īs a result, there aren’t many homes available. ![]() “For those saving for a down payment, yesterday’s inflation numbers show a positive story, which hopefully translates to lower mortgage rates this year,” said Jessica Lautz, deputy chief economist at National Association of Realtors research.īut, for now, buyers and sellers remain wary both nationally and regionally.Ĭlosed sales were down 6.4% from this time last year. The 12-month inflation rate was 6.4% in January. Inflation dropped to 3%, according to new data from the Labor Department published on July 12. He plays golf and, as the grandson of three-time Wimbledon champion Fred Perry, he also plays tennis occasionally.Because of persistently high mortgage rates, the Fort Worth housing market remains sluggish, but new inflation numbers could mean a light at the end of the tunnel for frustrated buyers. He has been a top-producing agent with Allie Beth Allman & Associates for more than a decade. In addition to his ranking as #1 in Dallas and Texas by RealTrends/The Wall Street Journal, Alex has consistently ranked as a D Best Top Producer and Best Realtor each year by D Magazine. He is experienced in high-end home sales, representing both sellers and buyers, while specializing in the Park Cities, Preston Hollow and surrounding neighborhoods. That strategy transcends all markets.”Ī Southern Methodist University graduate, Alex holds a Real Estate Finance degree from the Cox School of Business. “Each year – or each quarter – the market could require new strategies, but creating partnerships with people to solve problems will be a constant. “People and relationships are the center of my success,” he said. ![]() He calls his achievements a collaborative effort, noting that every successful transaction requires multiple parties, from other agents to appraisers, title companies, and the people he works with in sales and marketing at Allie Beth Allman & Associates. Notably, he sold two homes in 2021 offered at more than $20 million, including a home in Volk Estates, the prestigious University Park enclave, that set recent records for Park Cities sales. That’s always been the way to succeed in this business.” A strong work ethic and knowledge of the market is not a secret. “If you approach everything with a solutions-based mindset, you succeed,” Alex explained. His goal remains the same: to find the perfect home for his clients before it hits the market, so they’re paying fair market price and not more.īeing able to track down those before-market and private sales has made all the difference. The challenges of the current market – struggling to find inventory, especially homes that are priced for both a willing buyer and a willing seller – have only motivated him more.Īlex averaged more than $1 million in sales per day in 2021, totaling more than $375 million in volume for his best year to date and cementing his spot as the leading luxury real estate agent in the region. 1 luxury agent in Dallas/Fort Worth, plus the 32nd top-producing agent in the United States, Alex Perry has built his business on a solutions-based mindset. ![]()
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