Important Dallas Market Trends
May 9th, 2008 by Steve Doane | no responses
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Steve Brown, reporting for The Dallas Morning News has posted a couple of articles today, giving important facts and views describing the current condition of the Dallas-Fort Worth Real Estate Markets as in the following article summaries. It is important to understand that the DFW Market does not always conform to the National Market as reported by the National Media. Click on the article links to read the entire articles as reported.
Dallas-Fort Worth property market better than most, real estate executives say
07:14 AM CDT on Friday, May 9, 2008
Commercial real estate executives from around the country meeting in Dallas this week have voiced a consensus about how much better the North Texas property market and economy is doing than most of the rest of the nation…”This is one of the few areas of the country experiencing an economic boom rather than a bust,” Todd Mansfield, chairman of the Urban Land Institute said at gathering.
The high employment growth in Dallas-Fort Worth is the key to the strength of the DFW market. The Dallas-Fort Worth area has dodged the worst of the housing slump.
Dallas-Fort Worth is a good place to build home equity
09:24 AM CDT on Friday, May 9, 2008
Home buyers who are nervous about whether it’s a good time to purchase a home in the Dallas-Forth Worth market might find some comfort in this new report and study by the Center for Economic and Policy Research and National Low Income Housing Coalition which projects that DFW homebuyers may see one of the best increases in equity in the country during the next few years.
Dean Baker, one of the authors of the report , said “the Texas market is probably in the best shape in the country.”
Mark Dotzour, chief economist with Texas A&M University’s Real Estate Center, said the study confirm the relative strength of the state’s housing market. “There is a lot less downside risk to buying a home in this area and a lot more upside potential.” Click on the above link to read the entire article and view the list of areas expecting biggest gains and losses.
For more information about the Dallas-Fort Worth Housing Markets or to buy or sell a home, contact Steve Doane at 214-755-3378 or steve@stevedoane.com.
The Author: Steve Doane
About: Steve and Mary Doane are experienced North Texas area REALTORS® with The Doane Realty Group of CENTURY 21 Judge Fite Company, having 21 offices in the Dallas area to serve clients. Steve and Mary believe deeply in hard work and dedication to their clients is top priority. It is these qualities that they believe that pave the way for providing the absolute best in client care. Steve is proud to have earned the distinguished 2007 “Quality Service” Award, based upon his service ratings from his satisfied clients. There knowledge comes from constant education, personal real estate investment experience, and a willingness to stay on top of an ever-changing market.
This entry was posted by Steve Doane, on Friday, May 9th, 2008 at 6:29 pm and is filed under Market Trends, Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response on the right, or trackback from your own site.
