According to the Texas Workforce Commission, the unemployment rate for DFW dropped below 7% in September 2010 for the first time in well over a year. 6.9% is the latest figure, which seems to jive with the lower unemployment figure for Texas as a whole. North Texas is performing better than both the State of Texas, [...]
Archive of posts tagged TAMU Real Estate Center
DFW Economy One of 35 Deemed “Rebounding” by the Bureau of Labor Statistics
The Dallas Fort Worth area was recently named as one of only 35 metro areas to have a “rebounding economy” by the Bureau of Labor and Statistics. DFW posted the second highest number of job gains in the entire country, second only to New York. The report showed that DFW gained 28,700 jobs between August [...]
Texas Foreclosure Rate is Half of the National Average in the US
DFW has not escaped the foreclosure crisis, but we have fared much better than many other parts of the United States. A report was recently released by RealtyTrac that showed the foreclosure rate in Texas is only half of the national average. A summary of the report: Foreclosure sales made up 11.9% of the home [...]
Dallas Ranks Average in Economic Stress According to Study Released by Portfolio.com
A new study just released ranked Dallas 24th out of 50 US metro areas for level of economic stress according to Portfolio.com. Part of what kept Dallas from ranking more stressful was the relatively low cost of mortgage payments here. Home affordability has remained competitive in DFW compared to higher cost areas. Factors that contributed [...]
August Home Sales in DFW Down 17% Compared to One Year Ago
Sales of homes in the DFW area were reported to have dropped by 17% compared to August of 2009. This undoubtedly has much to do with the expiration of the home buyer tax credits. Article from TAMU
Homebuyer Tax Credit Boosts Sales, But Now The Slump is Setting In Across DFW
Home sales for DFW are relatively unchanged compared to last years year-to-date totals though the summer, but certainly affected the summer months. It remains to be seen how much this will affect sales in the coming months. Article from TAMU Real Estate Center
DFW Foreclosures Down in First Half of 2010
Foreclosures in the DFW area were reported to be down by about 5% compared to the same period in 2009. However, there may be several reasons that may indicate the problem of people not being able to afford their homes is not really declining. For one, the number of actual filings rose by 10%. Also, [...]
Homebuyer Tax Credit Helps Increase Central Texas Home Sales by 31%
Sales of homes in the Central Texas region increased by an astonishing 31% over March and pending sales were up over 47% in the region from one year ago. The homebuyer tax credit was almost certainly a big factor in this increase. Many buyers who took advantage of the homebuyer tax credits were going to [...]
Dallas Average Home Prices Rise 0.6% from Q4 2009 to Q1 2010
Average home prices increased by 0.6% from the fourth quarter of 2009 to the first quarter of 2010 according to the National Association of Realtors. The average home price is different than the median home price, which is also a commonly reported statistic. The average hhome price in the D/FW market rose from $138,600 to [...]
Houston Foreclosures Weighting Down Prices in Some Areas
Despite the fact that home prices in Houston held steady for 2009, there are certainly pockets of areas where the prices were forced down because of foreclosures. In some cases, this was substantial. New home subdivisions have a greater risk as a whole for feeling the price pressure from foreclosures for two reasons. First, home [...]
