Dallas and Fort Worth Projected Real-estate Economy

We all wonder if it is myth or fact when our economic guru’s report about their calculated estimates of our big expectations for the real-estate and economic future in Dallas and Fort-Worth. Senior Writer for CNN Paul Kaihla’s recent article is I’m sure a breath of fresh air for many readers as it was for me. The report mentions a growth in the median sale price of homes from 2008 to 2009 of 6.4%. That is refreshing at a glance. An example for that might be that a $150k home might appreciate by $9,500 in that amount of time. Unfortunately, IT’S just an average. Some areas like the Highland Park, University Park, (Park Cities) will have huge appreciation along with other highly demanded areas, and then many other neighborhoods won’t see much of anything. Most of us don’t live in those highly demanded home markets…that makes that breath of fresh air a little less fresh, right?
More in the same report says that Dallas is doubling the national rate at adding jobs, and adding them in the well paying fields. That may have a positive effect on Dallas that research can’t foresee…HUH?
Lets conclude by comparing our city to the rest of the nation in this huge real-estate “swing”. The people of Dallas never observed the huge real-estate “bubble” that grew exponentially yearly and sometimes monthly like some markets saw. What goes up must come down…those “bubbles” have popped or are in the middle of the burst today. We can just be thankful that our Dallas Metroplex stayed on the conservative end during the real-estate “bubble blowing” days, and in the end we can respectfully expect to not see major collateral damage in the slowing home market.
God Bless,
Brad Lynch