Dallas residents should not be concerned about losing equity in their homes, according to a study by the Center for Economic and Policy Research and the National Low Income Housing Coalition. They analyzed 100 of the largest U.S. home markets, and they report that Dallas Metro homes are more likely to retain their value over the next four years.
In fact, life appears to be better in Texas. Dallas, Houston, San Antonio metros are among the top 5 targets for strong home purchase values.
The study, relative to Dallas, is based on purchases of homes priced at about $150,000. For analysis, the home purchase is assumed to be financed at between 6 and 8 percent interest. By 2012, the Dallas home purchaser may find more than $80,000 in equity in their home, the researchers predict.
"It confirms that there never was a price bubble in any Texas city, and consequently the likelihood of equity increase is higher," Dr. Dotzour said. "I find it interesting that their policy decision is to recommend that government allow prices to continue to fall." Median home prices, which remained low throughout the nationwide housing growth, have only fallen 2-3% in North Texas since June 2007.
By comparison, over the past year, collective nationwide home sales prices have declined over 15%. continue to hold their value and appreciate and a steady and sustainable rate over time.
Have you always dreamed of living in a restored classic home? You will find many classic Dallas homes that are for sale right now. Are you handy? Then you may enjoy buying a fixer-upper and doing the restoration yourself. If not, then you can buy a fully restored classic southern home in one of the great historical Dallas neighborhoods.
There are many historical Dallas homes currently on the market. You can find historical Dallas homes available in many price ranges to accommodate most budgets. There are many advantages to living in historical Dallas homes. Most of these advantages are niche advantages that may suit you but not others. Older homes will have more room in the bedrooms usually but smaller kitchens. In addition some of the older Dallas homes have larger yards which many families will find beneficial for the children and the pets.
Large families love the size of the historic Dallas homes. Families with several children most often buy a mid priced historical Dallas home allowing each child to have his or her own bedroom. Newer Dallas homes that are on the market just don't have enough space or charm of the historical Dallas homes.
If you are a family person, you'll really appreciate that the majority of the older Dallas homes are located in family friendly areas where houses with large yards and are near tons of parks and activities for your family. If you're looking for a new luxury home there are also tons of Dallas homes that fit that bill as well. There are some expensive Dallas homes that were designed by some of the best Dallas that are for sale in the most exclusive neighborhoods.
There are plenty of Victorian Dallas homes to choose from no matter what your price range is. If you are handy with tools then you can find an inexpensive fixer upper home and turn it into a beauty in no time. With so many beautiful old homes in Dallas on the market, it's hard to believe that anyone would want a new construction home but there are plenty of new homes available as well if you want a more modern look.
If you work for one of the major companies that are headquartered in the Dallas area then you will probably want to look for Dallas homes that are close to the work area but don't worry, on average, the commute time to Dallas is only 25 minutes. So no matter where you live in the city you'll never be that far from your work! We all can use less time travelling from work as well as the less gas it will require.
Buying a Dallas home gives you the advantage of easy access to everything that makes a big city great like fine dining, great retail, cultural activities and great old historical homes and neighborhoods. However, unlike some of the other big cities, you won't have to spend 50 minutes each way commuting to and from your job. Come and visit the great historical Dallas homes that are being offered.
Both Alex Gwen Thomson & Jordan Hashem are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Alex Gwen Thomson has sinced written about articles on various topics from Home Management, Income Tax Return and Wrinkles. Shannon Johnston is a Broker. Through her experience and her homes search site, DallasFamilyHomes.com, she and her real estate team help homebuyers fi. Alex Gwen Thomson's top article generates over 673000 views. to your Favourites.
Jordan Hashem has sinced written about articles on various topics from Real Estate, Gardening and Property Investment. This article is brought to you courtesy of Jordan Hashem who is a leading expert in the and. Jordan Hashem's top article generates over 246000 views. to your Favourites.