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The Dallas-Fort Worth metropolitan area has shown four consecutive months of positive returns according to Case-Shiller Index by Standard & Poor. Area homeowners in the area will be pleased to find out the good news since it may be an early sign that the economic decline has started to swing back in the right direction.
If the trend continues, the number of Dallas-Fort Worth real estate foreclosures will dwindle down to normal numbers. In Arlington and Mansfield this is already the case. Homeowners will also hopefully start seeing their property values stabilize and, in some cases increase. Home prices were down by over 2% in June when compared to last year which was and still is a major concern for homeowners.
Multiple reliable sources of data and statistics on the Dallas-Fort Worth real estate market have reported similar findings. The Federal Housing Finance Agency (fhfa.gov), for example, reported a 1.63% home sales price increase for Fort Worth for the 2nd Quarter.
Dallas-Fort Worth homeowners are doing much better than other those in other markets across the country. Some of these other markets like are still reeling from devastating double digit declines. Texas cities and towns, particularly Tarrant County and surrounding areas have been relatively fortunate to be shielded from the housing market conditions being experienced by other states.
This is largely due to the strong local economies and the fact that housing values didn’t balloon out of proportion like they did in other areas. Instead, they increased gradually so when the bubble burst, there wasn’t a huge vacuum of over-valued real estate inventory with no one to buy it.
Things will get back to normal eventually as they always have but in the meantime, real estate buyers, professionals and lending organizations will be watching the changing market trends very closely for signs of improvement
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High Speed Rail System Will Propel Dallas-Fort Worth Economy
Fort Worth residents and city planners anxiously await the outcome of a stimulus funding application submitted by the Texas DOT. The application for $1.8 billion was made with the hope of getting much needed funding for a revamped passenger rail system for Fort Worth commuters as well as people from other areas of the state.
There have been many attempts in the past to boost the commuter rail options and range in Texas but they were usually voted down. Now, real step shave been taken to make the dreams of officials and residents come true.
The amount of options for jobs and housing for Fort Worth area residents would be increased exponentially by the implementation of an efficient, high speed commuter train. The ecological benefits of a new train system would be an added bonus, less vehicles producing exhaust emissions, less fuel consumption and less traffic are all big advantages.
Both large and small cities along the proposed rail service line will reap a variety of both tangible and intangible benefits. Local construction companies will be buzzing with activity to land projects spawned by the rail system. New jobs will be created in practically every industry to meet the needs and demands of a major rail project. Dallas-Fort Worth home sales will increase as new workers move into the area, home values will raise as demand for them increases.
The anticipated high speed rail system will dramatically expand on the existing rail system. The initial stages of the proposed line will connect the Dallas-Fort Worth area with San Antonio and Houston, creating a major trifecta of potential economic and industrial growth. The new rail system will literally change the way Texas residents live and travel. Rural residents will have ready access to major cities and city-dwellers will have easy option for getting away from the hustle and bustle for day trips into the countryside.
The state is currently waiting to see if they receive the $1.8 billion in stimulus funds or other funding streams including grants. The ultimate long term plan is to provide safe, efficient high speed transportation throughout Texas with links to other states. Nothing is finalized yet but getting a significant amount of stimulus funds will really get the ball rolling.
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Real Estate in North Texas
If you're looking for a nice area with real small town charm, plenty of a available jobs, low crime and affordable homes, then you are ready for a taste of Northern Texas living. This is a tall order for any metropolitan area so it’s just amazing how much this area of the Lone Star state has to offer.
You will be surprised by the modern characteristics that help accentuate this thriving area. You will also be amazed by the affordability of the large inventory of available homes for sale and for rent. You may want to visit a world class Texas real estate organization now to start making arrangements to move to Northern Texas.
Most of the cities and towns in the Northern Texas corridor were once primarily know as rural areas. Now, these same areas are rapidly becoming some of the most desirable places to live in the country. There is an eclectic and refreshing atmosphere in Northern Texas that is immediately picked up on by visitors to the area, making them both at ease and excited about all of the great activities they can take in.
Northern Texas is also ideal for people that are looking for a nice, quiet area to spend their lives. The traffic is minimal and there are nice shopping areas, beautiful parks and a number of equally entertaining venues you can enjoy.
The housing market is unreal. It is also a major draw for buyers with a huge inventory of homes in all sizes and specifications to suit everything from the first time homebuyer to the wealthiest residents. You can have practically any features you can imagine when choosing from among these lovely homes. Acreage, swimming pools, multiple levels, landscaped gardens and serious square footage can all be had at more than reasonable prices. You can view some of the available properties now by visiting the Tom Brewer real estate listings. All in all, if you want the best in everything at a great price, you will find it in North Texas.
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Homes For Heroes would like to introduce…
Chris Brickman, a former United States Army Veteran, understands the sacrifices an individual serving their country and community faces. You give your dedication unconditionally and expect nothing in return.
Mr. Brickman has been in the real estate business for ten years. For the past seven years he has been a Broker. He started his own company, United Realty & Associates, five years ago. His passion for real estate is demonstrated in every transaction he is a part of.
Being involved in Homes For Heroes allows him the opportunity to give back to Veterans, Firefighters, Police Officers, Doctors, Nurses, and Teachers. As a token of his appreciation he offers a 25% discount on his commission to Sellers and Buyers he represents.
It is his distinct pleasure to assist those who give so much. Because of what you do, Mr. Brickman would like to say “Thank you”.
If you are looking to buy or sell a home in the Dallas Fort Worth area, contact Chris through our web site at Homes for Heroes.
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In thinking of landmarks around the Dallas Ft. Worth area, many things come to mind. Reunion Tower in downtown Dallas, the Ft. Worth Stockyards, the Dealy Plaza JFK site, the Las Colinas (Irving) Mustangs running through the water sculpture, many architectural unique buildings like the InfoMart and the Morton Meyerson Symphony Center. But worldwide, in Irving, the Dallas Cowboys Stadium with the hole cut in the top of it I think everyone knows about (So God can watch his favorite team play). That building which is shut down now and soon to be demolished is local history with many memorable games and concerts that took place there. The brand new Cowboys stadium costing nearly $1.3 billion located nearby in the Ft. Worth suburb of Arlington is the future. Guess what? The hole in the roof remains, although now it has a retractable cover. Able to hold two Houston Reliant Stadiums inside I have toured the building and while cavernous it has an amazing comfortable feel to it. When in the Dallas Ft. Worth area for business or pleasure please drop over to the new Cowboys Stadium which opens June 6th and take in an event with the massive Stadiumvision screen over head, the glass doors on each end, and that friendly hospitality we are known worldwide for around these parts. Remember pardner, EVERYTHING is bigger in Texas!!
They tell me the speakers mounted on the roof are sent in on 18 wheeler trucks!!
©2009 Gary Woltal All rights reserved
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