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Dallas Texas Real Estate Blog > Dallas home market "arguably" still going strong




Dallas home market "arguably" still going strong


Contributed by DTRE on May 19, 2008
The Chicago Tribune had an interesting article yesterday that described Dallas "arguably the most stable housing market in the country". While this might pain a picture of a booming market, given the decline across the country, everything is relative. The article details how home sales are actually down 15 percent versus the amount of sales a year ago and says prices could drop another 8 to 14 percent before the market bottoms out.

The most interesting part of the article to us was the following:

"Consumers expect more today and they expect more than they did last year and more than the year before," said Google executive Justin McCarthy. "They expect more content and more of it to be free."


Of course, DTRE is all about free content, so we're glad to hear experts see the importance of this trend!

Read the full article here.




Comments:



san antonio lender says: Dallas is a strong market, similar to the San Antonio market. We had a huge influx of money come in from California. Now we lost AT&T to dallas which has spured the market again. We will have another huge push once the rackspace deal goes public.
-DeWees






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