DFW Area to Enjoy 51% Appreciation in Median Home Value Over The Next 10 Years

I thought I would post this. It is from Frobes.com. This is exciting after many years of very marginal appreciation rates here in Texas. I grew up in the Dallas area, and then moved to Washington, DC for grad school. While I was there I bought my first home and rest was history. Most people will quote the 3 L's of real estate, but I am a firm believer in the 3 T's of real estate, TIMING, TIMING, TIMING......

Fortunately, I was able to take the "equity ride" when the DC market exploded right after I bought my home. I lived in my DC home for 2 years and 3 months and when I sold, I was able to avoid capital gains. I moved back to Frisco, Texas with money in my jeans and was able to purchase a great house in a wonderful subdivision with a mortgage payment lower than what most people pay to rent a decent apartment. Now that is TIMING and I do not try to act like I knew what I was doing or that it was a well thought out plan. I can not begin to tell you how secure being in this situation makes me feel or how lucky I am. To fully understand, you just have to know how poor I was in college and grad school.

I want everybody to be able to have this experience because I know that I would not have been able to afford my home and I would probably still be saving for a down payment without being in the right place at the right time.

In conclusion, other parts of the country have been experiencing staggering growth and people have been making unheard of money in real estate, I am glad it is finally going to be "our" turn here in the DFW area.

Dallas is #2 biggest gain - a first time for Dallas!

Table: A bumpy ride to 10-year gains
To get a feel for the volatility between these price points and a full description of the communities included in each metro area, view the Forbes.com slideshow here or click on each city's name in the table below.