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Home Buying in 2024: What to Expect

January 10, 2024

The market for new homes in Frisco TX remains strong as we head into the new year. Predictions of lower interest rates are keeping buyers poised to move into new homes in 2024.

Mortgage interest rates reached their peak for 2023 near the end of October. By mid-December, the average rate for a 30-year fixed-rate mortgage fell below 7%. The rate has since decreased for 8 weeks in a row.

Lower interest rates are likely to result in more movement in the market. More people will be willing to sell their existing homes and purchase new ones if rates continue to decline. In fact, the number of building permits issued for new single-family homes has increased for ten months, a good sign that people are eager to purchase new homes this year.

Since many people didn’t want to sell their homes until the rates came down, demand is still high in the Frisco real estate market. Landon is ready to meet that demand with brand new inventory homes ready for purchase.

We have two homes currently available in Lexington Frisco Symmetry 37s. These two story homes will be ready for closing in May or June 2024. Both have 4 bedrooms and 2 car rear-entry garages. The home at 11422 Chepstow Crescent Ct., Frisco TX has the main and second bedrooms on the first floor. The second floor has a game room, 2 bedrooms and a full bath. At 11442 Chepstow Crescent Ct. we have an available home with the main bedroom and a study on the first floor. Three bedrooms, a game room, flex room and full bath are on the second floor. Both homes are priced in the mid $600s.

Lexington Frisco Symmetry 37s features two story energy-efficient homes on 37’ lots. Residents have access to all Lexington Frisco amenities, including the resort-style pool, clubhouse and fitness center.

Visit our model home at 10618 Tall Timbers Trail, Frisco, TX 75035. The model is open Monday-Saturday from 10 a.m.-6 p.m. and Sunday from noon-6 p.m.

Call New Home Sales Manager Tanya M. Smith today at 619-508-0261 to schedule your model home visit and tour the Lexington Frisco community of new homes in Frisco TX.

This post was written by Landon Homes.