Dallas’ Market Stands Out, Keeps Improving
Posted June 6th, 2012 | by The Update
Dallas continues to be a beacon of hope in our nation’s real estate market, and was recently listed as one of only seven cities in the nation where home prices are improving. Candy Evans of Candy’s Dirt has the scoop:
You must have heard by now that we here in Dallas are not living in sync with the rest of the nation… So it did not shock me at all that Standard & Poor’s/Case-Shiller Home Price Index came out Tuesday and Dallas is one of seven cities where prices are improving.
And now, Dallas-area home prices are up 1.5% in March from a year ago, up for the first time in more than 20 months. We are obviously doing something right… I’m impressed: local reports show that pre-owned home sales prices in North Texas are up 6 percent so far this year compared with the same period of 2011. Pre-owned home sales were up 14 percent in the first four months of this year… Park Cities and parts of Lakewood are now a seller’s market
Why is the Dallas market doing better than so many others? Does it have anything to do with how the Dallas-Fort Worth metropolitan area adds another person every four minutes and 10 seconds, making us the fastest-growing metropolitan area in America?
Dallas-Fort Worth swelled with 126,037 residents between July 1, 2010, and the same date last year, according to newly released population estimates from the U.S. Census Bureau . So I guess everyone’s moving here, and working, and buying homes. (Click here to read the full article).
In another article she interviews David Brown of Metro Study to gain further insight into Dallas’ success:
David says our market is a reflection of our economy, as most of us suspected. The Dallas economy has been right at the top in terms of job growth in the nation. New York slipped ahead of us, but Dallas and Houston have doubled our growth rate. We were late going into the downturn, early coming out. We never let our inventory out of line in a huge way. In isolated pockets, appreciation is popping up.
“The strength of our economy is what is helping us in this market,” says David, Director of the Dallas/Fort Worth Region at MetroStudy. “The key to demand is people have to have jobs to afford mortgage payments.” (Click here to read the full article).
Visit the award-winning website briggsfreeman.com for more information on buying or selling your home in Dallas’ incredible market.