The reports are in for August and it’s not just the temperatures that are hot, hot, hot in Midland-Odessa. The real estate market is ranking among the top performing in the nation. Realtor.com listed Midland as the No. 8 market in the country—and that’s not the only report about this West Texas market that says it’s […]Read More
More good news about the real estate market in Midland and Odessa: two new reports from Local Market Monitor say the housing market in both markets is strong and should stay that way for the next few years. According to the reports, home values for Midland are forecast to increase by 8 percent over the next 12 […]Read More
Here we go again: CoreLogic’s latest HPI report is telling us what our boots-on-the-ground Realtor sources already know. Fewer homes on the market has meant higher-than-average home price appreciation ahead of one of the most brisk times of year for Dallas-area Realtors. The spring selling season has been filled with cold calls and pleas from […]Read More
Sure, economists are saying that the Dallas-Fort Worth area have posted new gains in 2014, and that home price growth for the North Texas metro areas is projected to increase in 2015 to the tune of 9 to 11 percent, but more and more people are starting to take a closer look at those numbers […]Read More
We wanted to get some boots-on-the-ground perspective from North Texas Realtors after Forbes named Fort Worth-Arlington and Dallas-Plano-Irving as the top two “best buy cities,” or areas in the U.S. where buying a home is a good investment. Forbes teamed up with Local Market Monitor to measure the “equilibrium home price,” which strips away several […]Read More
Rarely do you see both home prices and rents grow in the same market where, as we reported earlier this week, net migration is in the red. And yet that’s what Local Market Monitor is projecting for Dallas-Irving-Plano area over the next 12 months.
That’s partially due to unemployment rates dropping and a strong financial and service job market in the Dallas area. Local Market Monitor projections show 9 percent growth in housing prices over the next 12 months and 12 percent growth over the next three years. And demand for housing, both buying and renting, will grow thanks to overall population growth that is outpacing the national average.Read More