Real Estate Values in Dallas Projected To Go Up, and Texas is the Darling of the Economy
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Not in Texas
No, I have not been drinking. No, this is not one of those Realtor sites where I’m going to tell you this is the best time to buy a home, that prices are going up up up the moment the clock strikes midnight. But I was pleasantly surprised to read that Dallas is one of five cities in the USA where real estate values are projected to rise — did I say RISE — yes, I said RISE — in the next year. According to a recent report by Clear Capital’s home data index, home prices in the following five cities will be heading up: New York City, San Francisco, Washington D.C., Dallas, and surprise, surprise, Orland, Florida. Don’t go too excited — we are talking a tiny .03 % increase in our neck of the woods. But that’s better than .03 down, right?
Those folks at Disney are not so dumb, eh?
The only shocker in that group is Orlando, where home prices have taken not just a beating but a brutal beating, home prices falling 63%.
Here’s the report from Clear Capital.
Oh and the rest of the nation is trying to explain why Texas continues to be a hotbed for jobs and employment. They are calling our gold star with the U.S. Census Bureau, “The Texas Surge”.
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I'll take a .3% increase over losing more any day of the week, but that 5.1% loss will sting homeowners wanting to sell but haven't owned their home long enough to build up enough equity to absorb that loss.
I'll take a .3% increase over losing more any day of the week, but that 5.1% loss will sting homeowners wanting to sell but haven't owned their home long enough to build up enough equity to absorb that loss.
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This was a really great contest and hopefully I can attend the next one.I am looking forward to another great article from you. <a href="http://www.firstrealtytrust.com">100 commission real estate broker </a>
Values are already stablized for the most part. There are pockets still having issues but overall sale prices are up 3.5% across the MLS and 5.4% in Collin County.
New listings are down 17% while sales are down 14% year-over-year. What this tells me is that the number of homes actively on the market is shrinking. Foreclosures are also down.
There are still some pockets seeing declines in values, but for the most part the North Texas Housing Market is very stable at this point.
Values are already stablized for the most part. There are pockets still having issues but overall sale prices are up 3.5% across the MLS and 5.4% in Collin County.
New listings are down 17% while sales are down 14% year-over-year. What this tells me is that the number of homes actively on the market is shrinking. Foreclosures are also down.
There are still some pockets seeing declines in values, but for the most part the North Texas Housing Market is very stable at this point.
Candy, keep on spreading propaganda about Texas' economy. Keep believing that you will be able to pay the bills as a real estate agent. Texas has the nation's highest property taxes (not to mention the nation's highest homeowner's insurance and highest closing costs), making Texas one of the worst states to buy real estate.
Stop cherry-picking inaccurate cheerleading pieces on the economy and real estate and start getting patched into reality. It's a depression; a depression in real estate and a depression in the economy. And it isn't going to end anytime soon.
Candy, keep on spreading propaganda about Texas' economy. Keep believing that you will be able to pay the bills as a real estate agent. Texas has the nation's highest property taxes (not to mention the nation's highest homeowner's insurance and highest closing costs), making Texas one of the worst states to buy real estate.
Stop cherry-picking inaccurate cheerleading pieces on the economy and real estate and start getting patched into reality. It's a depression; a depression in real estate and a depression in the economy. And it isn't going to end anytime soon.
Henry, love your opinions and would welsome a guest post. I agree, it is very scary out there…
Henry, love your opinions and would welsome a guest post. I agree, it is very scary out there…