BiggerPockets

Recession is Over in Dallas according to Expert

Wednesday, August 26

Click on the link below to Read the article from the Dallas Morning News.

http://www.dallasnews.com/sharedcontent/dws/dn/latestnews/stories/082609dnbusfisher.3d1ea89.html

DFW is 2nd Most Stable City to Live in Right Now

Tuesday, August 04

According to RelocateAmerica.com these are the Top 10 Most Stable Cities to Live in Right Now 

1. Tulsa

2. Dallas/Ft. Worth: Dallas has a concentration of high-tech companies, corporate headquarters and wholesale trade markets. Ft. Worth has had more than 900 major business expansions or relocations there over the past decade, according to the site. The median price of an existing single-family home in the area was $145,800 in 2008, according to NAR.

3. Pittsburgh

4. Raleigh/Durham, N.C.

5. Huntsville, Ala. 

6. Houston: Houston is known as the Energy Capital of the World. Its oil and gas exploration and production was still adding jobs "at a prodigious rate" in early 2009, according to the site. The city added 87,000 jobs in 2007 and 17,800 in 2008. The median price of an existing single-family home in Houston was $151,600 in 2008, according to NAR.

7. Albuquerque, N.M.

8. Lexington, Ky.

9. Little Rock, Ark.

10. Oklahoma City

Read the full article: http://finance.yahoo.com/real-estate/article/106955/Tulsa-on-Top

Top 5 Healthiest Housing Markets for 2009 Are All Texas Cities

Tuesday, July 28

Source: BuilderOnline.com

Economy is bullish on State of Texas

Tuesday, July 21

Forbes named Austin, San Antonio, Dallas, and McAllen in its Best 10 Cities for Economic Recovery. In a separate analysis, Moody’s concluded that Texas was among the last states to enter the national recession, meaning that the Lone Star State will likely have an easier time recovering.

Sources: Forbes.com/Lists, Economy.com

Texas Home Price Appreciation Over 6 Years

Thursday, July 16

Home prices appreciation

• The average home sales price in Texas has increased $23,800 from April 2003 to April 2009

Considering that over recent months home sales prices have dropped nationally, over the long term home owners in Texas have seen their properties continually appreciate over the past 6 years. Landlords can expect a good return on their Buy-Fix-Hold properties if they had bought their investment property in 2003.  It is safe to say that the market will continue in this trend and property bought now will continue to appreciate in the future.

Texas 27th in Nations Top Foreclosure Rate

Wednesday, July 08

Foreclosures Information:

• Texas was 27th on the list of foreclosure rates for April 2009 with 1 of every 834 homes with a foreclosure filing
• In Nevada, 1 in every 68 homes had a foreclosure filing; Florida had 1 in every 135; California was 1 in every 138
• More than 40% of all 2008 foreclosure filings in the U.S. occurred in California and Florida
• Texas Foreclosure filings in April 2009 were up 6.57% compared to March 2009 and down 9.02% compared to April 2008
   

Source: RealtyTrac

Interesting information for the Texas Investors out there. If you are interested in buying great foreclosures I have a handful right now.