Looking to buy or sell your home this summer… and not break a sweat? It’s no secret the FTW market is hot. If holding out until the market cools offisn’t an option, there may be some good news on the horizon.
According to an Opendoor.com survey from last month, less than half of consumers (42%) say that the current macro conditions will impact their buying timeline. Read: Buyers are resilient.
FTW homeowners can go to Opendoor.com and get an offer in minutes by entering their home address and answering a few questions about their home. | Photo by FTWtoday
For homebuyers who are still actively searching for a home, lower competition + more seller activity can help provide some relief.
That, coupled with the rising cost of home loans, may help cool the red-hot housing market as higher rates will lead some borrowers to lose their mortgage eligibility due to banks’ strict debt-to-income ratio requirements.
Mortgage rates continue to sky-rocket, impacting the bottom lines of both homeowners + borrowers. The average fixed rate on a 30-year mortgage reached 5.27% in early May, the highest level in more than a decade.
DYK: Every 60 seconds, a homeowner requests an offer from Opendoor. | Photo provided by Opendoor
Homeowners who sell to Opendoor can avoid showings and manage their sale entirely online. Plus, with Opendoor’s all-cash offer, sellers don’t have to worry about a buyer’s financing falling through. Homeowners maintain complete visibility and control throughout the process.
Bonus: Sellers get to choose their closing date — minimizing the possibility of double mortgages or double moving costs. And you can cancel anytime before close, at no cost, for any reason.*
Seeking Spiders | Tues., June 14 | 9-10 a.m. | Fort Worth Nature Center & Refuge, 9601 Fossil Ridge Rd. | $5 | Learn all about different species during an Arachne adventure. 🕷️
Get Lit Book Club | Tues., June 14 | 6:30-7:30 p.m. | Fort Worth Public Library – Southwest Regional, 4001 Library Ln. | Free | Bookworms unite for fiction + fellowship focusing on “Klara and the Sun”by Kazuo Ishiguro. 📚
Houston Astros | Tues., June 14 | 7:05 p.m. | Globe Life Field, Arlington | $15+ | The Rangers take on their Lone Star state rivals.
Littles + Socialization | Wed., June 15 | 10:30-11:15 a.m. | Fort Worth Public Library – Southwest Regional, 4001 Library Ln. | Free | Prep your preschoolers with games geared towards social development.
Lego Challenge | Wed., June 15 | 4-5 p.m. | La Gran Biblioteca, 4200 S. Fwy. | Free | Put your child’s building skills to the test as fellow lego-lovers go head-to-head in monthly challenges.
Asleep at the Wheel | Thurs., June 16 | 8:15 p.m. | Fort Worth Botanic Garden | $25+ | The Austin natives are kicking off the summer concert series with Western swing + honky-tonk country.
Early voting ends today for the Fort Worth school board District 4 runoff election on Sat., June 18. Brian Dixon and Wallace Bridges are vying for the seat left vacant following the death of Daphne Brookins in November. Check election information here. (Fort Worth Star-Telegram)
A shortage of lifeguards has caused the city to reduce some pool schedules. The Marine Park and Forest Park pools will only be open 12:30-6:30 p.m. Thursday-Sunday, rather than six days a week. Check out our list of five community pools for summer swimming alternatives. 🌊
Check outside your window — you might just see June’s Supermoon, dubbed the Strawberry Moon for the fruit that ripens in early summer.It will be closest to Earth at 6:51 a.m. this morning,making it seem bigger and brighter,and will appear full through Wednesday night. 🍓 (TimeandDate.com)
North Texas Healthy Communities, a nonprofit arm of Texas Health, is collaborating with stress coach + wellness educator Nicole Porter to create health classes for the local community. The free monthly webinars will kick off on Wed., June 15 from 12–1 p.m.
You know what they say — the more the merrier. Another Velvet Tacois coming to town. The restaurant offers a variety of meat + vegetarian tacos to pair with drinks, desserts, and side dishes. We don’t have an opening date yet, but it will be located at 2828 N. Tarrant Parkway. 🌮 (Fort Worth Star-Telegram)
Dayne’s Craft Barbecue is getting its own brick-and-mortar location. The Cowtown staple has been a pop-up trailer at Lola’s Saloon, but plans to set down permanent roots at 9808 Camp Bowie W. Blvd. this fall. Until then, grab your Dayne’s at 11 a.m. Friday-Sunday at its new location on Camp Bowie. 🍖
Six pianists have advanced to the final round of the 16th Van Cliburn International Piano Competition. The pianists will compete for the gold medal, $100,000 cash, and an international career starting this evening at Bass Performance Hall. See the full schedule. 🎹
This weekend’s record-breaking temperatures — triple digits nearly a month earlier than usual — had ERCOT seeing spikes. The grid pulled 75,083 megawatts of electricity just after 5 p.m. on Sunday afternoon, the highest ever recorded. Follow the National Weather Services’recommendations to stay safe during heat waves. (WFAA)
A new exhibit by Houston-based artist Jamal Cyrusis now open at The Modern. See his new sculptures + drawings illustrating the relationship between land and the cultures that come from it. The exhibit is open now through Sun., June 26. 🖼️
Picture this: You’re itching toplant roots. You’ve got some savings, and you’re so very tiredof paying rent. But how do you know if you’re really ready to buy a house?Check out these questions to ask yourself first, courtesy of Opendoor’s Consumer Trends Expert Beatrice de Jong for Architectural Digest. 🏡*
Did you know? Almost everyone has experienced a tension headache, but they’re completely different from migraine headaches, which can be majorly disruptive and follow a unique pattern of symptoms. Quiz yourself on the difference.*
A wellness message from our sponsor
“In our thirties, we start noticing age-related muscle loss, which is a gradual decrease in muscle mass and strength. Here’s the thing: It’s totally normal, but it’s no longer inevitable.”*
Content marked with a * is brought to you by our advertising partners and helps make this newsletter free.
Help the city steer the 2023 budget — download a picture of the city’s mascot, Molly the Cow, and take a photo at a park or street where you think the city should invest its resources. Upload your photo to the MyFW app, the city’s website, Facebook, or submit through email by Thurs., June 30 for consideration in the August budget workshop. Bonus: Include yourself alongside Molly for a personalized pitch for a better Cowtown.
#DYK that your photos and quotes could be featured in our newsletter?
Editor’s pick:Need a coastal escape from the stifling North Texas heat?Rockport, TX was listed seventh on Realtor.com’s national list of Most Affordable Beach Towns in 2022. Just under 400 miles south of Fort Worth, Rockport is an easy weekend getaway. Looking for something closer?Tell us what 90-minute road trip we should cover.
Content marked with an * was created in partnership with 6AM City’s advertising partners. Paid content helps keep this newsletter free. 6AM City may also receive a commission on purchases made through affiliate links in this newsletter.