Jun 6, 2012

May 2012 a record for Dallas home sales

The Ebby Halliday Companies and its Associates closed more than $518 million in real estate sales in May 2012 - an all time record high for the month of May. As the #1 brokerage in the Dallas/Fort Worth area, it is an indicator of the market as a whole.

The Demand Institute issued a new report today: The Shifting Nature of U.S. Housing Demand. It predicts that average U.S. home prices will increase slightly in the second half of 2012 and then continue to rise over the next 6 years.

However, the recovery will not be uniform across the country. Some states will see annual price gains of 5 percent or more. Texas is sure to lead that list. Other states will not recover for many years. The deciding factors will include the level of foreclosed inventory and rates of unemployment.

Demand for rental properties is predicted to remain high for the next few years as well.

1 comment:

Anonymous said...

nice posting.. thanks for sharing..