As an important follow up to my last post, I wanted to point out how strong the Dallas real estate market really is. My last post, “Dallas Home Prices Fall 4 Percent” covered the recent news from a broad view. The fact is, the Dallas Fort Worth Metroplex is made up of a lot of smaller cities like Frisco, Plano, Keller and Grapevine to name just a few. Not every city saw a decrease in home prices, in fact many saw a healthy increase in home prices.
Forbes Magazine recently examined the country’s 50 largest metro areas to identify the “economically healthiest cities” and Dallas-Forth Worth, San Antonio, Austin and Houston ALL made the top 10 list. These top 10 cities are areas that Forbes considers practically “recession-proof”. The magazine studied unemployment, job-growth, home price data and metropolitan product growth. (Source: Forbes, Matt Woolsey 04/29/2008)
So while there is a slight dip in home prices, the economy is still strong and what better time to buy a new home than now? If you were a stock market pro and a home was a stock, then this would be a no-brainer. You’re buying a stock from a company that is strong and is facing continued growth. The stock price is low so now is the time to strike… okay, so that was cheesy but I think my point is clear.
Please do not hesitate to call me at 800-326-9011 if you’d like to discuss the market and what your options are for buying your new home while prices are low. Whether you’re looking for a home in Flower Mound, a home in McKinney Texas or any other city in DFW, we know the area and will provide you with top notch service.
Tags: Dallas Housing Market, Dallas Real Estate
This entry was posted on Friday, May 2nd, 2008 at 4:31 pm and is filed under Dallas Fort Worth, Home Buyer, Housing Market, Investor, Real Estate, Tips for Buyers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.