Positive Signs in DFW Housing!

Positive signs in DFW housing

• 5.7 months' inventory on home resale listings (6 months is generally considered equilibrium.)
• Continued population growth offers support.
• DFW has only 3.1 months' inventory of new home (finished and vacant) inventory, per Metrostudy (Builders have shown significant restraint in keeping housing starts low.)

Job creation 1/08 to 12/08 US Metro Areas 

12 Month Rank Metro Area J ob Growth

1. Houston - Sugarland - Baytown              57,300
2. Dallas - Fort Worth - Arlington                43,300
3. San Antonio                                         14,900
4. Washington - Arlington - Alexandria        11,800
5. Austin - Round Rock                               9,600  

Rank Metro Area 12 Month J ob Growth Rate

1. Houston - Sugarland - Baytown               2.2%
2. San Antonio                                          1.8%
3. Dallas - Fort Worth - Arlington                 1.4%
4. Austin - Round Rock                              1.2%
5. Virginia Beach - Norfolk - Newport News     1.0%

* Source: US Bureau of Labor Statistics

It would seem that all economic indicators are pointing to an improvement in the housing industry starting in The DFW area spring of 2009.

*Source: A presentation by David & Britt Fair, Hexter-Fair Title Company

For more information please contact Lara O'Keefe at 972.838.9156 or visit Hunter's Creek.