Why Now Is the Time to Become a Homeowner in North Texas

If you’re renting in North Texas — especially in a thriving market like Dallas-Fort Worth — you may be wondering whether buying a home is still within reach. The market has shifted, mortgage rates have fluctuated, and home prices have continued to rise. But despite those factors, the advantages of owning versus renting remain stronger than ever. At Dave Perry-Miller Real Estate, we believe homeownership is more than a milestone — it’s a long-term investment in your future. Here’s why now is still an opportune time to buy, and how you can take strategic steps toward your first home.

Why Buy Instead of Rent?

Renting may offer flexibility, but it doesn’t build equity. When you own, each payment increases your stake in an appreciating asset. Homeownership also protects you from rising rent costs — and gives you the freedom to personalize your space and your lifestyle.

In Dallas-Fort Worth, home values have appreciated significantly in recent years. The median price is now approximately $368,000 and while prices have cooled slightly from pandemic peaks, long-term growth remains strong. Waiting on the sidelines could mean paying more later.

Mortgage Rates and Market Outlook

While mortgage rates currently hovering 6%, they are expected to ease modestly in the coming year. Meanwhile, available housing inventory has increased across the region, giving buyers more options and bargaining power than they’ve had in years.

5 Essential Steps to Buying Your First Home

1. Get Your Finances Ready

Start by reviewing your income, savings, and credit score. Most first-time buyers overestimate what’s needed — nationally, the typical down payment is just 6-9%. That’s around $22,000 to $33,000 for a median-priced home in DFW. Today, a household would ideally earn $116,000 to comfortably afford the median home in DFW. Down payment assistance programs and low-down-payment loans may be available as well.

2. Get-Pre-Approved

Getting pre-approved helps define your budget and strengthens your offer. 

3. Partner with a Trusted Real Estate Advisor... (Umair)

Choosing the right agent is essential. Umair brings hyper-local knowledge, negotiation expertise, and tailored service to guide you through every step — from showings to contract to close.

Umair will:

• Help you identify affordable homes
• Negotiate the best deal
• Connect you with trusted lenders and assistance programs

4. Find Your Home and Make an Offer

With a clear budget and expert representation, you’re ready to identify properties that match your lifestyle and investment goals — and make competitive offers that win.

5. Close and Celebrate!

Your mortgage lender and I will walk you through inspections, financing, and final paperwork. At closing, you’ll receive your keys and begin the next chapter of your life as a homeowner!

Take the First Step Today

Buying a home in Dallas-Fort Worth is still achievable — and it starts with expert guidance. Umair is here to help you make informed decisions and unlock the opportunities that come with owning your first home. Click below to begin your home search with him.