Ambiance Realty

TOP 10 REASONS TO BUY A HOME IN D/FW AREA

Posted by Peerly | Posted in Dallas News and Information | Posted on 01-10-2009 | 0 Comments

  1. Get more house in D/FW for your money. Dallas-Fort Worth is one of the most affordable housing markets in the nation. Home buyers get more for their money in D/FW. Don’t worry about selling your existing home. Homes in D/FW sell on average in 80 days, the second fastest time in the U.S.
  2. Your dollar goes further in D/FW whether you choose a home ready for move-in or to build from the ground up.
  3. Today’s extremely Low Interest Rates. Todays extremely low interest rates mean lower monthly payments on homes. Buyers can purchase more home today with the current attractive rates. Mortgage rates will rise once the economy begins to improve.
  4. Todays extremely low interest rates allow you to buy more home than ever before with a 30-year fixed rate mortgage.
  5. Great Location. Location. Location.
  6. No matter where you work or want to live, youòll find brand new homes in great locations across the Dallas/Fort Worth metroplex. Near lakes, near the airport, near work centers and schools…just minutes from everything you need.
  7. Tax Benefits through deductions for mortgage interest and taxes.
  8. Homeownership is a solid investment in the D/FW area and provides you with tax advantages through deductions for mortgage interest and taxes.
  9. Great Selection of good homes right now.
  10. Right now, youòll find the best selection of new completed homes in many years.
  11. Strong local economy and good job growth. D/FW area is one of the top growing markets in the country. D/FW has one of the highest job growth rates in the nation, and its diversified economy will continue to attract companies and families to the area.
  12. You can feel confident that the Dallas/Fort Worth area will continue to grow. Its location in the center of the country along with Texasò pro-business, entrepreneurial attitude will keep Dallas/Fort Worth as the one of the top growth markets in the country.
  13. Stable Home Prices with steady growth of value. Historically, prices in D/FW have continued to rise slowly and steadily. Unlike coastal markets that are experiencing significant depreciation, D/FW homes are holding their value.
  14. Home prices in the Dallas/Fort Worth area have maintained slow, steady growth so values should continue to increase.
  15. Quality Construction & the latest design in homes.
  16. Dallas/Fort Worth builders are at the forefront of new home design trends and feature exceptional quality finishes and construction compared to many parts of the country. New homes also offer warranties and require less maintenance than pre-owned homes.
  17. Technology, energy and resource efficiency in homes.
  18. New homes offers the latest energy efficient construction methods, materials, appliances and heating and cooling systems to provide you better, more comfortable living…and save you money.
  19. Equity. Your home is your largest investment.Find out why you’re in the best place in America to buy a Home.
    DFW is Different!

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Study: Dallas-Fort Worth homes are undervalued

Posted by Peerly | Posted in Dallas News and Information | Posted on 01-10-2009 | 0 Comments

While the buzz in the housing market these days is about popping price bubbles, a new national study says that Dallas-Fort Worth has one of the most undervalued housing markets in the country.Texas markets are also showing resilience in the face of nationwide home value drops, according to Tuesday’s report released by research firm Global Insight and financial holding company National City Corp.

Homes in Dallas are 30 percent undervalued and Fort Worth homes are almost 25 percent undervalued, researchers say, based on their estimates of where housing prices should be in North Texas .

To come up with its valuation estimates, Global Insight says it determines what home prices should be in the area, accounting for differences in population density, relative income levels, interest rates and historically observed market premiums or discounts.

The D-FW area is near the top of the list of cities with the most undervalued housing. Houston and College Station were also high on the list.

” Texas , which we have long characterized as undervalued, is now attracting significant migration at the expense of the much higher-cost metros of California and Florida ,” Global Insight researchers said.

Even so, North Texas cities were among the 291 U.S. metropolitan areas that saw declines in overall home values at the end of 2007. Global Insight estimates that overall home values in the Dallas – Fort Worth area have dropped as much as 10 percent.

But that’s nothing compared with the slide in a handful of markets in California and Florida , where prices have plunged by more than 20 percent.

“Across the country, we are seeing prices going down, and that is also keeping the Texas metropolitan areas undervalued,” said Global Insight analyst Jeannine Cataldi.

The ease of building large numbers of homes in Texas is also a factor, she said.

“As demand keeps increasing there, there is enough room to build homes to meet that demand,” Ms. Cataldi said. “That’s one of the reasons we consider it undervalued.”

Even with the recent price declines, home prices in some markets in Oregon , New Jersey and California are still about 50 percent or more overvalued, Global Insight estimates.

North Texas has long stood out as one of the few large metropolitan areas not to experience dramatic home price appreciation over the last few years.

During the last five years, Dallas-area home prices have risen less than 16 percent, while the nationwide market has appreciated more than 40 percent.

“The upside for you is areas that did have all that appreciation are being hit the hardest,” Ms. Cataldi said.

HOME PRICES

Most undervalued and overvalued U.S. home markets, based on a fourth-quarter 2007 research of median home prices.
Market Price Change
MOST UNDERVALUED
Houma, La. $116,500 -31.2%
Dallas $134,500 -30.0%
Houston $119,300 -29.1%
Shreveport $101,200 -28.6%
Lafayette $128,800 -26.2 %
College Station $104,100 -25.8%
Fort Worth $111,700 -24.9%
MOST OVERVALUED
Bend, Ore. $308,100 59.8%
Atl! antic Ci ty $268,600 55.6%
Madera, Calif. $274,000 49.6%
Longview, Wash. $213,900 44.2%
Bellingham, Wash. $304,600 44.1%
Honolulu $664,200 43.5%
Miami $293,100 43.1%
SOURCE: Global Insights; National City Corp.

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