Hot Market: Dallas/Ft. Worth: Where Everything's Big
by M. Anthony Carr
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
Use of this article without permission is a violation of federal copyright laws.
Mr. Carr has covered real estate since 1989. He is the author of 