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.