The housing market in Fort Worth in my opinion is very stable at this time. There are a few reasons as to why our market is currently stable compared to other parts of the country.
First of all, our housing prices were never over inflated as they were in other states like California and Florida. Since our home prices were never inflated this is helping the Fort Worth market as we continue to see a general appreciation rate of 3% to 5% per year in most areas.
Secondly, Our economy in Texas is better than other states right now. We have a good job base in Fort Worth and several large corporations are based in Fort Worth. Keeping this in mind it helps drive a demand for more people to move into the Fort Worth area.
Last of all, Fort Worth is experiences phenomenal growth. More people move into Dallas and Fort Worth every year. Many of these people are coming from states where the economy isn't as good. This is helping home prices remain stable and appreciate in most areas of Fort Worth.
To summarize I expect the housing market in Fort Worth to remain stable and strong. Although I don't agree that it is a buyers or sellers market, I do believe that we are right in the middle which represents the stability that we have in Fort Worth.
Company: J. J. Robb Real Estate Services
Phone: 817-229-9357
Email: stevegeer at me dot com
