Price increases over time increase the value and equity of homes, while home affordability is an indicator of how good a city like Dallas is for single-family rentals. As the Dallas News recently reported, low mortgage rates and feverish demand from state buyers and remote real estate investors are driving home prices up 50% in some of Dallas's most popular neighborhoods.
Ideally, you should stay in a home for at least three to five years to reach the break-even point of your mortgage. If the answer is less than five years, you're probably better off renting.
Overall, the average time to close a mortgage (the time from when the lender receives your application to the time the loan is disbursed) is 52 days, according to Ellie Mae. Conventional loans had the shortest delivery times, at 51 days, followed by FHA loans with 55 days and VA loans with 57 days.
Nationally, the best time to sell a home is March if you're trying to sell quickly, while the best time to maximize profits is July. Zillow recommends listing your home for sale in March, but no later than Labor Day, based on historical market trends.