North Texas Real Estate Dallas, Fort Worth and Arlington would be the largest cities in North Texas. Dallas represents the main economic center of the 12-county metropolitan area.The Dallas, Houston, Austin and San Antonio Texas areas are in relatively a healthy body when compared to other metro markets across the Usa as we begin the brand new Year. Dallas could avoid the housing bubble market designation back in 2007/2008 and it is still bucking the national downward trends. Prices are stable and showing some price level increases in certain areas as the markets move into 2010. The caution here however is that a definite downward trend is starting to emerge that began over the past weeks and months.The question remains how severe this downward turn is going to be. These first few weeks of 2010 usually supplies some insight into how prolonged and just how severe the marketplace downturn will be.
Real Estate In North TexasTrends in both Austin and Dallas are steady but exhibit seasonal effects regarding housing inventory levels. Houston housing inventories experienced a significant drop during 2008 but leveled out in 2009. San Antonio inventory declines were slower to happen. San Antonio’s housing inventory peaked in early 2009 and it has continued a stable decline.
Austin Texas saw home starts throughout the fourth quarter of 2009 decrease slightly in the same period last year. This market performance compares favorably along with other major urban centers and suggests that the bottom of the marketplace continues to be, or will quickly be reached. Austin home starts were 60 percent underneath the 2006 peak of 17,128 starts and 25 % under the amount of housing starts in 2008. The Austin market is also seeing some minimal price decreases although these drops could deepen once foreclosures peak and the first time home-buyer credit goes away.
North Texas Homes For Sale Most analysts agree that although the
North Texas real estate market is more stable than many other metro areas prices continues to drop for at least the first several months of 2010. The luxury housing market will lead the continued price declines and the basic level housing industry (homes $200,000 and under) will most likely lead the resurgence for the
NorthTexas real estate residential market.