The Real Estate Center at Texas A&M University has just released its 2008 Market reports for the 25 Metropolitan Statistical Areas (MSA's) that make up Texas. The report covers the year 2007 and compares the market historically to previous years.
Among the statistics and charts is this one:
Notice:
1. Although apprciation fluctuates in Texas, it has much greater stability overall and remains more constant than in Texas overall, and is far far more stable than the rest of the United States.
2. None of the three lines drops into negative appreciation, so the question is....if you don't own your own home, and you are sitting worried about the values of your stocks and retirement accounts, why aren't you thinking of buying a house?
3. Real estate has overall been a relatively safe investment in DFW, in terms of increased home values (This should not be taken as advice for any person to immediately go buy investment houses....if you are thinking of buying multiple houses for investments, consult a REALTOR and individuals familiar with the ins and outs of residential real estate investing. The market isn't a "flip it and let's get rich" market anymore. There is money to be made, but there are still shirts to be lost.)
The full report can be found at:
http://recenter.tamu.edu/mreports/DallasFWArl.pdf
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