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New Real Estate Study Shows "Minimal" Chance of Values Dropping in DFW !

A new nationwide study of various real estate markets around the country has brought some very good news to the greater Fort Worth area.  This report studied housing market conditions in more than 300 U. S. markets. 

Most Texas cities were clustered at the bottom of the ranking of housing markets expected to see home price declines.

By comparison, many California, Florida, Arizona and Nevada markets had almost a 100 percent risk of falling home prices over the next 24 months, the report shows.

The following is a comparison of areas and the percentage chances of home price declines over the next 24 months.

Area                                              Chance of price decline

Lakeland-Winter Haven, Fla                99.9 %

Fort Lauderdale, Fla                           99.9 %

Los Angeles                                       99.9 %

Lake Havasu City- Kingman, Ariz.       99.9 %

Fort Worth-Dallas                               2.5 %

The fact that the Fort Worth/Dallas economy is so very diversified, and that the history of the very gradual rising of DFW home values... pretty much has negated any possibility of the "real estate value bubble" bursting... mainly because there never has been a bubble to burst.

Although the real estate market is very different from what it was four years ago... we in Fort Worth and Dallas are blessed with a stable market that features a very low possibility of across-the-board decreases in home values.  Now really is... a very good time to buy in Fort Worth/Dallas.

Comment balloon 4 commentsKaren Anne Stone • April 04 2009 03:07PM

Comments

Karen Anne, good point about the risk here of the prices falling being less than elsewhere. We never saw the huge rise with the boom and the jobs have been coming here until recently.

Posted by Gary Woltal, Assoc. Broker Realtor SFR Dallas Ft. Worth (Keller Williams Realty) over 8 years ago

Karen Anne:  This will make my relocating family very happy.  They got whacked here with declining values.  I think they need some good news.

Posted by Chris Ann Cleland, Associate Broker, Northern VA (Long and Foster REALTORS®, Gainesville, VA) over 8 years ago

Gary:  As bad as things may be in other areas of the country... the real estate market here in North Texas is still pretty stable.   We have been fortunate.

Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) over 8 years ago

Chris Ann:  For folks relocating here from other areas... there has always been great news.  Good stable home values, a great quality of life, and more home for your home-buying dollars.  Send them down... I'd love to help them... :)

Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) over 8 years ago

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