Dallas Ft. Worth would have missed the burst of the housing bubble if it weren't for the rest of the country. This chart shows how the housing prices rose and fell in different cities around the US. DFW is the big red line near the bottom that stays fairly consistent.
Often we say that real estate is like the weather. It is completely local. Just because it is raining in California or sunny in Arizona, doesn't tell you what it is like in Dallas. But the huge burst of the housing bubble in other cities has had a ripple effect that we've felt here in Dallas.
Click on the graphic to see it larger. [where: 75230]
No comments:
Post a Comment