Dallas, Texas 4/4/2008 12:47:41 AM
Dallas Named a Top City for Real Estate Investing – Joan Severson
Dallas Real Estate Agent Joan Severson of Re/Max Dallas Educates on Home Buying
Even with the real estate market becoming increasingly unstable, the Dallas real estate market has been named as one of the top cities for investing according to HomeVestors® of America, Inc.
For the first quarter of 2008, the company who coined the phrase “We Buy Ugly Houses"® and is also considered America’s #1 Home Buyer, released a list of 10 top cities that are prime locations for real estate investing. Texas cities made up an astounding 40 percent of the list with Dallas coming in at the first spot and Houston, Fort Worth and San Antonio close behind.
According to D'Ann Petersen, a business economist with the Dallas Fed, Dallas-Fort Worth is leading the country in population growth. "While this sounds pretty negative – the decline in sales and decline in building – if you look at national totals, Texas is still the No. 1 homebuilding state in the country despite all the pullback. And Dallas-Fort Worth is right up there.”
Petersen continues, “Our closings compared to other metropolitan areas are still quite high. That's our demographics and employment base that is keeping that base of home sales still at a pretty high level compared to other areas."
Dallas real estate agents are sure to take the opportunity of a glowing local review to heart by welcoming home buyers to peruse available listings.
This news brought to you by Dallas Real Estate Agent - Joan Severson of Re/Max DFW Associates. For more information about buying, selling, renting or investing in the Dallas area, contact Joan at 972-588-8588 or visit http://www.joansellsdallas.com
