Dallas-Fort Worth Real Estate Investor Club

Some encouraging news - Real Estate in Dallas Weathers the Market

  • 13 Feb 2009 10:10 AM
    Message # 114953
    Deleted user


    The Real Estate Center at Texas A&M University recently had this to say:

    • The risk of lower home prices was evident in many other areas of the country in the U.S. Market Risk Index. The mortgage insurance company found that half of the country’s biggest housing markets face a high probability of having lower home prices in two years.
    • For Dallas, David Berson, PMI’s chief economist, said “the basic story hasn’t changed, although risk has risen a bit given the economic downturn. Still, I’d feel a lot more comfortable with a house in Dallas than one in the Oakland area.”
    • In 2008, North Texas had a 3 percent decline in overall median home sales prices compared with 2007, according to statistics from area real estate agents. For more than a year, PMI Group has rated the Dallas area as having a low or minimal risk of home price declines.
    • Other Texas home markets, including Fort Worth, Houston and San Antonio, are also at the bottom of the price decline risk index. The markets with the greatest likelihood of home price declines are Riverside, Calif., Miami and Ft. Lauderdale, Fla. 
    • Despite some small dips in the last year, homeowners shouldn’t expect large and long-lasting declines in home values in North Texas. According to the PMI Group, the Dallas area is the least likely of any of major U.S. metropolitan market to have home prices lower two years from now than they are today.

  • 13 Feb 2009 5:08 PM
    Reply # 115060 on 114953
    Cindy Carriger (Administrator)
    Thank you for posting the info here for all to view.  It reminds me once again about the A & M Real Estate research center as a good place for info and statistics regarding Texas real estate, and the national market, as well.  I need to visit their website as well regularly.  I think the website or link was in the prior email, and I encourage all to take advantage of their research information- it is credible and widely used and accepted by Texas real estate professionals.
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