Local Market Monitor Report

On MidlandDirt: Shale Slump Continues to Affect Housing Market, Home Values

By Leah Shafer / February 14, 2016 / 0 Comments

New numbers are in for the January real estate market in Midland, and the experts say the drop in oil prices are continuing to affect housing prices. In Midland, the Local Market Monitor Report analysts predict a 1 percent decrease in home values over the next 12 months. Nationally, prices are forecast to increase by 4.4 percent. Read […]

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On MidlandDirt: Home Values Projected to Fall in 2016, Investments Now ‘Speculative’

By Leah Shafer / January 13, 2016 / 0 Comments

The December housing numbers from Local Market Monitor Report are not painting a rosy picture of the real estate market in Midland, and home values are forecast to decrease over the next 12 months. Since their peak in the first quarter of 2015, home prices in Midland have fallen by 3 percent. The average home price in this market […]

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MidlandDirt: Reports Dial Back Enthusiasm for Midland, Odessa Housing Markets

By Leah Shafer / December 9, 2015 / 0 Comments

Fourth quarter numbers from Local Market Monitor Report are in for the Midland and Odessa real estate markets and the enthusiasm is being dialed back for both markets. Notably, they have lowered the investment score for Midland to 2.7, making is speculative. Odessa’s number is now 4.9, making it medium risk. Reports earlier this year […]

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On MidlandDirt: Midland, Odessa Home Value Increases Show No Signs of Slowing

By Leah Shafer / July 3, 2015 / 0 Comments

Two new reports paint a bright picture of the housing market in Midland and Odessa now and for the next three years. The Local Monitor Reports, released today, cite a 7 percent increase in Midland home prices over the last 12 months, which puts the average home price at $183,463. In Odessa, prices have gone up 5 percent […]

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On MidlandDirt: Expect Boom in Midland-Odessa Home Values Over Next 3 Years

By Leah Shafer / June 3, 2015 / 0 Comments

Two new reports from Local Monitor Report are projecting big increases in home values in Midland and Odessa over the next three years, almost double the national average. Prices are predicted to rise even more. Home values for Midland are forecast to increase by 8 percent over the next 12 months—compare that to national forecast of 4.6 […]

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REPORT: Home Prices Set to Jump 35% Over Next Three Years in Eastern DFW

By Leah Shafer / January 15, 2015 / 0 Comments

Strong economic factors, job gains, and population increases have experts predicting strong growth in North Texas home prices in 2015, and a 35 percent increase in home prices over the next three years in the Dallas-Plano-Irving areas. Local Market Monitor, Inc. released its December 2014 local market reports for North Texas, looking at factors like jobs, migration, housing […]

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