Steve Brown, Dallas Morning News
Potential DFW homebuyers who are nervous about whether it's a good time to purchase a house might find some comfort in a new report. But analysts caution not to get carried away with the data. The study by the Center for Economic and Policy Research and National Low Income Housing Coalition projects that D-FW homebuyers could see one of the best increases in equity in the country during the next few years.
Las Colinas TX real estate is one of the most stable markets when it comes to holding a home's value.
The comprehensive report looked at home ownership and rental costs and the prospects for building home equity in 100 metropolitan areas. In terms of building equity, the D-FW area is among the top five markets expected to do well between now and 2012. A homeowner who buys a house priced at 75 percent of the median for the area could gain more than $80,000 in equity four years from now, the study finds. "I wouldn't want people to run out and make investment decisions based on this," Dean Baker, one of the authors of the report, said Thursday. But he said the Texas market is probably in the best shape in the country.
Indeed, while home equity is likely to grow during the next few years in Texas cities such as
Las Colinas Texas Homes For Sale, homeowners could lose equity in their houses in about a third of the cities in the report. The biggest declines are forecast in markets that have seen big price increases in recent years, including many California cities. Median home sales prices in North Texas have dropped only slightly during recent months, while residential values in many coastal cities have decreased dramatically and are still falling.
Mark Dotzour, chief economist with Texas A&M University's Real Estate Cente
