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More Good News for Real Estate in Dallas-Fort Worth
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Builder Truth
 
By Builder Truth
Published on 07/28/2008
 
Strong Job Growth in Dallas Fort Worth Housing, Stable Pricing, and High Demand have made Dallas Fort Worth the Strongest Market in the United States.

More Good News for Real Estate in Dallas-Fort Worth
REAL ESTATE
Where Housing Is Headed

 

A look at fundamental indicators in 28 major real-estate markets. (See related article)
   — Compiled by James R. Hagerty, 01/24/08

Overall Strength of Each Metro Area
  Strong: Good job-growth prospects and moderate housing inventory in relation to sales   Moderate: Less buoyant job growth and/or high inventories   Weak: High inventories and job growth prospects no better than average
Metro area   ↓ Overall Strength of Metro Area    Change in housing inventory*    Months supply**    Price change***    Employment outlook****    Loan payments overdue*****   
Atlanta  Moderate 13% 11 -.7% Strong 5.21%
Boston  Moderate -8.3% 5 -3.6% Weak 3.53%
Charlotte, N.C.  Moderate 19% 7.8 4.3% Strong 3.69%
Chicago  Weak 3.3% 10 -3.2% Weak 3.47%
Dallas  Strong 0% 5.9 -.1% Strong 4.53%
Denver  Moderate -3.8% 5.7 -1.8% Average 3.71%
Detroit  Weak 12% 19 -11.2% Very Weak 5.3%
Houston  Strong 12% 6 N/A Strong 4.60%
Jacksonville, Fla.  Weak 11% 12 N/A Average 4.49%
Las Vegas  Weak 21% 18 -10.7% Average 6.38%
Los Angeles  Weak 33% N/A -8.8% Weak 4.06%
Miami-Ft. Laud.  Weak 20% 29 -12.4% Average 7.15%
Mpls-St. Paul  Moderate 17% 8 -5.5% Average 3.57%
Nashville  Moderate 26% 5.9 N/A Average 3.62%
New York  Moderate 6.2% N/A -4.1% Very Weak 3.71%
Orange County, Calif.  Weak 28% 9.2 N/A Weak 3.26%
Orlando  Moderate 24% 17.5 N/A Strong 5.44%
Philadelphia  Weak 3.8% 8.7 N/A Weak 3.24%
Phoenix  Weak 23% 12 -10.6% Weak 4.29%
Portland, Ore.  Moderate 36% 5.7 1.9% Average 2.33%
Raleigh-Durham, N.C.  Moderate 24% 5.6 N/A N/A N/A
Sacramento  Weak 26% 10 N/A Average 4.94%
San Diego  Weak 20% N/A -11.1% Weak 3.99%
San Francisco  Moderate 42% 6.6 -6.2% Average 2.91%
Seattle  Moderate 50% 4.9 3.3% Average 2.13%
St. Louis  Weak 17% 7.5 N/A Weak 3.63%
Tampa  Weak 13% 16 -11.8% Average 5.31%
Washington, D.C.  Moderate 26% 7.5 -7% Average 3.91%

* Change from a year ago in the number of single-family homes, condos, townhouses and co-ops offered in multiple-listing services at the end of December 2007.

** Number of months that homes listed at year end would last at the average 2007 sales rate. Listings normally decline for seasonal reasons in December and rebound in January.

*** Average price level in October compared with a year earlier based on S&P/Case-Shiller index.

**** Job growth projections by Moody's Economy.com for the two years ending Dec. 31, 2009. Characterization is in relation to the growth consistent with a stable national unemployment rate.

***** Percentage of mortgage loans 30 days or more delinquent in latest quarter, based on data from Equifax and Moody's Economy.com. U.S. average is 3.98%.

Sources for inventory: Otteau Valuation Group, ZipRealty, Smart Numbers, Prudential California Realty, MLS Property Information Network, MLS of Northern Illinois, Real Estate One, Esslinger-Wooten-Maxwell, Corcoran Group, Consolidated MLS, Prudential Fox & Roach, Arizona Regional MLS, Trendgraphix, Northwest MLS, RE/MAX Real Estate Services, Aliso Viejo, Calif. and local Realtor associations

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