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Flower Mound Real Estate Market – How To Budget In 2015

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Beginning this fall and throughout 2015, there are a few things Dallas-area consumers should brace yourself for in terms of “sticker shock.” In order to budget properly and avoid finding yourself in a financial bind, we’ve included the five expenses you can expect to see go up soon.

Clothing. The economy has been in recovery mode for some time, but when it comes to clothing, supplies are tight while demand is going up. Cotton prices have risen substantially, and will continue to rise because of weather-related crop destruction. How to cope? Swap clothes with friends, sell your used clothes for a little extra money to buy new, or shop consignment shops.

Grocery staples. From milk and butter to bacon and oranges, the basics most of us buy frequently are still going up. Who would have thought a year ago that they may be able to buy a gallon of gas at a cheaper price than a gallon of milk? The solution? Clip coupons, consider turkey alternatives to real bacon, try cheaper brands or even generic store labels.

Homes. Both home prices and mortgage rates are on the rise, so if you’re considering the purchasing in the Flower Mound real estate market, you would be wise to take action now rather than later. Mortgage rates are still just under 4%, but are expected to climb to about 5% by the end of next year. While it may not seem like much, your purchasing power is lowered by 11% when the rate increases just 1% – this is huge!

Electricity rates and airfares are expected to rise as well, so budget accordingly to avoid any unwanted financial issues.

At Team Nelson, we want to keep consumers apprised of the latest news affecting potential home buyers in the Dallas-Ft. Worth metro area. If you’re looking to purchase a home, the time to move is now! Contact our Flower Mound realtors today.

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    We had an exceptional experience with the Nelson Team. First of all, we are NOT related. The perfect opportunity unexpectedly presented itself in Grand Prairie. There was a beautiful cul-de-sac lot backing up to the woods of Joe Pool Lake that we, and many others, wanted but the builder was not releasing it. Total serendipity that we were the first in the sales office the day the builder released the lot. Problem was we had a house in Hurst to sell. I called on Team Nelson who immediately did our listing, had an open house, and sold it within days for the price we wanted and needed. Everything fell into place perfectly. I’m still amazed. We are now living in our retirement home on this beautiful cul-de/sac and have gorgeous views and privacy few have in our area and we have Bill and Andra to thank for it. The reduced realtor fee was a very important component to the deal coming together. They are the absolute best. You can totally trust them

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