Apr 16, 2014

The next trend in Dallas Real Estate - Stability

Recent indicators in the Dallas/Fort Worth and North Texas residential real estate market reveal a trend toward market stability. The wide swings in home sales and property values seen during the past recession and recent housing recovery appear to be moderating.

Ebby Halliday's Mary Frances Burleson shared this news with agents in a recent report. She went on to report that DFW area home prices were up in January according to Standard & Poor's Case/Shiller Home Price Index, but the number of homes sold had fallen by about 2 percent from the previous year by March.

S&P's David M. Blitzer, quoted in a recent Dallas Morning News article says, "Although most analysts do not expect the same rapid increases we saw last year, the consensus is for moderating gains (in 2014)". Dallas area home prices have leveled off almost 5% ahead of where they were before the recession.

Adding further stability to the market, area foreclosure postings declined to the lowest level they have been in the past decade, according to Foreclosure Listing Service. Throughout the real estate downturn and subsequent recovery, Ebby Halliday Companies demonstrated remarkable performance and stability by maintaining its position as the DFW market leader. As an Ebby Halliday professional, I can successfully assist you with your real estate needs today - regardless of market conditions.
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