Consumer Confidence and Job growth, my opinion, are the two main infrastructures as to why people buy and sell Real Estate in all markets, including my own in Dallas Fort Worth. Dallas Fort Worth has exceptional job growth and increasing numbers throughout 2011 with expected recovery in Real Estate in 2012. Economists with Metro Study are estimating that DFW will see lower levels of inventory , more starts, and more multi-family construction in DFW in 2012, thus labeling our state to be in recovery mode in 2012.
Our Job Growth cart shows that DFW has levels almost surpassing similar numbers in our expansion years in 2005, 2006, and 2007. Now that is a good sign!
With rates as low as they have EVER been in my life time, the purchasing power goes so much further. FHA loans still allow for the consumer to take a minimal out of pocket, thus only bringing 3.5% to the table in total if they are able to roll in their closing costs. This is one graph where we want to see the downward trend continue to fall, making a perfect storm in the DFW area.
Recovery Mode + Leading National Levels of Job Growth + Lower Inventory + Historically Low Mortgage Rates = PERFECT TIME TO BUY and Consumer Confidence
For more information on the Economic Forecast for Dallas Fort Woth and how Collin County will on the rise, please click HERE to request a copy of the presentation
For more information on Collin County Real Estate click HERE
Heather Anderson - 2012 Dallas Fort Worth Economic Forecast - 214.317.1964 c/t
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