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Fort Worth, Texas Home Sales Soften, But Values Brighten

Rising interest rates have slowed housing sales slightly in Fort Worth, Texas, but local Realtors say this is the place to put your money for a terrific place to live.

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"Ft. Worth is the cultural and commercial hub of Tarrant County," says Realtor Gladys Vance. "Given the name of "The City Where The West Begins" by the famed Will Rogers, it embraces its cowboy heritage while moving forward into the 21st century with a revitalized downtown and cultural attractions."

Explains Vance, "Downtown's famous Sundance Square offers a unique combination of historic buildings, restaurants, theaters and sidewalk cafes. With a population of about 500,000 friendly people, it ranks among the top cities in the nation to live and work according to Fortune and Money magazines.Thriving Industries such as Lockheed Martin Aircraft, Bell Helicopter, American Airlines and Radio Shack are an indication of the caliber of corporations that help Ft. Worth grow. Cultural attractions include The Kimbell Art Museum, The Ft. Worth Museum of Modern Art, The Bass Performance Hall, The Ft. Worth Symphony, The Van Cliburn International Piano Competition and the Ft. Worth/Dallas Ballet just to name a few. The FT. Worth Stockyards National Historic District on the North side of the city offers a variety of attractions such as Billy Bob's Texas, billed as the largest honky tonk in the world, The White Elephant Saloon and more than 70 shops, restaurants, galleries and saloons. In January of each year, the world famous Stock Show and Rodeo is presented at the Will Rogers memorial Center."

"Fort Worth is a beautiful city with an emphasis on culture and sophistication," agrees Realtor Susan Pace. "It's an absolutely great city in which to live. Every possible option imaginable is available to the lucky buyers who choose Fort Worth. Also sellers have a strong market in which to market their properties due to the popularity of the area. A world-famous zoo, world-famous cultural events, and a western flair for the city offer a colorful array of experiences to the citizens. Fort Worth is the home of TCU and other great educational institutions and is highly regarded as a business destination for the quality of life offered. Downtown Fort Worth is noted for it wonderful restaurants, shopping, and theatres, and the entire area features other great shops and eateries through out the metroplex."

Says Realtor William Taylor, "Mortgage rates rose in May to low sixes, and we can anticipate good rates until August when the experts say they will jump one to two points. ARMs are at an all time low. COFI index loans are the best of all ARMs now with no hits up to one million."

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Published: May 25, 2004

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Mortgage Rates
30 Year Fixed: 3.83%
15 Year Fixed: 3.05%
1 Year Adj: 2.73%
(U.S. Weekly Averages)

Today's Headlines 05/25/2004


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