When It Comes To DFW Real Estate In 2012, Is That A Light At The End Of The Tunnel, Or Another Train Coming?

By Troy Corman, www.t2realestate.com
Will 2012 be the year that the Dallas - Fort Worth housing market bounces back in a big way? Better national employment numbers and local housing sales in December paint reasons for optimism. In fact, Dr. Mark Dotzur, a Texas ATM Real Estate Center economist, thinks that the economy is spring-loaded and ready to explode. Corporate balance sheets are loaded with cash, as are many individual money market accounts. He thinks that if more pro-business and pro-growth folks replace current politicians, the economy could soar. Whether that's in 2012 or 2013, is anybody's guess.

Charles Lieberman, (in video above) chief investment officer at Advisers Capital Management, thinks that housing is already in rebound mode. Home sales and new home construction have been anemic for years, yet the population and housing demand continue to expand, especially in the Texas metroplex, as folks migrate in from the high-tax, debt-laden states like California and Illinois. I've recently witnessed this in the north Dallas area, as there is very little move-in ready, new home inventory. As you can see below, courtesy of the Texas ATM Real Estate Center, Dallas home sales in 2011 and 2010 were below 1999 levels - so pent-up demand continues to build!

The biggest risk to both the local and national US real estate market are the European recession and the ramifications of their failed cradle-to-grave entitlement programs. If I were Germany, I would demand deeds to land and buildings in Greece and other bankrupt Euro countries, in exchange for continued bailouts.

The other risk is that US politicians follow Europe's lead and continue to expand our own country's debt burdens. If that continues, they'll destroy the value of the dollar, and the price of land and real estate could skyrocket. If you need help, or answers to any real estate questions, feel free to reach me at 214.690.9682.

Troy Corman is the founder of t2 Real Estate LLC, a Dallas real estate firm providing specialized knowledge with a hands-on approach. Specialties include residential real estate brokerage, land and acreage, and commercial real estate services. Contact us today at 214.827.1200 if you need to sell, buy or get your DFW property leased.

An Inside Look at the Dallas Real Estate Market.

By Troy Corman, www.t2realestate.com

Photo above is a short sale home at 3165 West Alamosa in Terrell, Tx.

As we continue to get better DFW and Texas housing news, I wanted to take a more detailed look into what homes, and price points, are really moving. The numbers below are encouraging. With 30-year mortgage rates below 4%, let's hope the positive Dallas home sales trend even picks up some steam!

Below is a comparison of DFW home sales that occurred from July 5, 2011 through October 5, 2011 versus a year ago. Statistics are from the North Texas Real Estate Information System (NTREIS).

Dallas homes sold in the $100,000 to $150,000 range are up 19% in 2011.
Dallas homes sold in the $150,000 to $200,000 range are up 18% in 2011.
Dallas homes sold in the $200,000 to $275,000 range are up 16% in 2011.
Dallas homes sold in the $275,000 to $350,000 range are up 12% in 2011.
Dallas homes sold in the $350,000 to $500,000 range are up 5% in 2011.
Dallas homes sold in the $500,000 to $750,000 range are up 27% in 2011.
Dallas homes sold in the $750,000 to $1,000,000 range are down 11% in 2011.
Dallas homes sold in the $1,000,000 and up range are down 14% versus 2010.

If you have a home to sell priced below $750,000, the numbers and trend appear to be moving in your favor!

To find out what your home is worth, contact me for a free no-obligation analysis at 214.690.9682, or email troycorman@t2realestate.com.

Troy Corman is the founder of t2 Real Estate LLC, a Dallas real estate firm providing specialized knowledge with a hands-on approach. Specialties include residential real estate brokerage, land and acreage, and commercial real estate services. Contact us today at 214.827.1200 if you need to sell, buy or get your DFW property leased.
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We Have Liftoff. DFW Home Sales Up 27% in August.

By Troy Corman, www.t2realestate.com

Has the DFW residential real estate market turned the corner? According to The Dallas Morning News and data from the Texas ATM Real Estate Center, north Texas home sales exploded in August, up 27% over August 2010.

July also recorded double-digit Dallas home sales increases as sales of townhomes and condominium homes soared upward 34% from a year earlier.

Low mortgage rates and good home deals seem to be finally motivating qualified home buyers off the fence. Also, a tight rental market and rapidly rising rents are making home ownership more attractive from a financial perspective.

Texas ATM Real Estate Center's Jim Gaines said, "This home rebound is a lot better than we thought it would be. If this pattern continues, we could be up 10% or more for the year."

Carrollton-Farmers Branch homes sold were up 60%. Northeast Dallas homes were up 59%, and Park Cities home sales were up 49%.

DFW area home prices are flat for the year but were up 2% in August.

Also, the inventory of homes for sale was 17% below last year, with just over a 7 month supply. Six months of inventory is considered a balanced, healthy market.
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