Dallas/Ft. Worth, Texas Realtors are so up on their market that they even created a web site about it: www.DFWHousingFacts.org. The web site touts all the reasons the 4th largest metropolitan area in the U.S. is a great place to buy in today’s economic environment.

One of the top reasons is by the shear growth of the city. "The D/FW area adds 370 residents every day. The Dallas/Fort Worth area has been consistently growing for decades because of its central location, outstanding airport, low cost of living, housing affordability, pro-business environment and temperate climate. The metroplex is the largest metro area in Texas and ranked #4 largest MSA in the nation at over 6 million in population," according to data on the site.

Economic growth is the usual suspect to a healthy real estate market, and D/FW is no different.

"The local economy is booming, with affordable median home prices and job growth second only to New York. The Metroplex is currently ranked as the top growth market in the U.S.," according to the site.

Meanwhile, the National Association of Homebuilders rated Dallas/Ft. Worth as one of the most affordable places to purchases in the nation’s 20 largest markets. To purchase the median priced new home, homebuyers can qualify with an income just above $60,000 -- the lowest in the country, where it can cost three times as much to purchase a median priced home.

Published: November 17, 2008

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Mr. Carr is an award-winning real estate broker in Northern Virginia and authored "Real Estate Investing Made Simple: a commonsense approach to building wealth." He also contributed to Donald Trump’s book, "The Best Real Estate Advice I Ever Received," and is an active trainer and coach of top producers in the Washington DC market. As a sought-after expert on real estate, Mr. Carr has been featured on CNN, various broadcast outlets and was the former real estate editor for The Washington Times. He accepts questions at his blog www.RealEstateOlogy.org.