dallas housing

We’ve been saying it for ages: the Dallas housing market (DFW, really) is on fire. This is evidenced by a shortage of housing stock, incredible buyer demand, construction everywhere, and a tendency of many houses to fly on and off the market in a matter of days (especially those under $300K), among other things.

Now, it’s easy to find an expert to support almost any position. But we’ve found a few with reputable sources and a history of accuracy that agree with us. We’re interested in why they think the Dallas housing market is one of the strongest in the nation. Read on to find out more.

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Yes, it’s that time of year again. CoreLogic has come in at the head of the pack for 2016 predictions, issuing its forecast and data brief today. And while we’ve heard a bit of “doom and gloom” from Steve Brown, CoreLogic’s report says that not only will we see more home sales and more demand, but rents will continue to tick upward as well. Read the full list of predictions after the jump.

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Case Shiller December 2014

 

Case-Shiller’s recent Dec.2014 report shows home prices inching even further skyward, with an increase of 7.5 percent year-over-year, topping the national average of 4.5 percent by a healthy margin. Shrinking inventory is to blame, but one must wonder if supply will ever catch up at this rate.

“As long as we have a tight sellers’ market, it’s going to be in that area,” said Dr. James Gaines, an economist at the Real Estate Center at Texas A&M University in this story by Steve Brown. “The good news is it’s not 12 or 15 percent.

“We can live with this for a while.”

But really, can we?

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