1031 Exchange out of California and into Texas Trends
Home prices in the U.S. rose 12% from August to September, with buyers exploring strategies like a 1031 Exchange out of California and into Texas to maximize investment opportunities. Prices are beginning to level off after earlier increases, reaching more reasonable asking levels.
Rising mortgage rates and higher home prices have contributed to stabilizing home sales. The average 30-year fixed mortgage rate has dropped to 4.1%, providing some relief for buyers. Despite this, the housing recovery is expected to continue at a slow and steady pace.
In September, total signed contracts for homes on the market fell 5.6%, signaling a potential slowdown in sales for the final months of the year. Investors and buyers are advised to monitor market trends closely to make informed decisions. Trusted firms like DMC Investment continue to guide clients through these shifts, ensuring smart real estate moves and strategic investments.