January Statistics in North Texas

You have no doubt heard and read all the pundits screaming The sky is falling! prices are dropping! and all kinds of niceties about Real Estate. While in general this is partially true, it is also true that the worst drops are happening in other areas of the country. However, when you think Real Estate, you need to think locally. What's true in California, will not necesarilly hold true here in Texas. One thing I learned in my career in Accounting and Finance is that numbers don't lie. They say information is a precious commodity, if this is true, I'm about to share some gold with you. I've looked at the January statistics for this region. I noticed the average price of homes in areas, such as North Dallas, Cedar Hill and Carrollton have actually gone up year over year, while other areas, such as Coppell and the Denton area have only suffered a modest drop. Where do you do most of your business?