By Maria Scinto
Reporter Sandra Baker at the Star Telegram has good news for property owners in the Dallas and Fort Worth areas.
It seems like housing prices
there are expected to remain steady. All over the US, other cities are seeing
prices drop. In some hard-hit areas such as Nevada, California, Arizona and Florida,
the chance of declining prices is over 50%.
Fortunately for the Dallas area, the odds are much, much better - only a 9.5% chance of dropping prices in the Dallas/Plano/Irving area, and 8.9% in Fort Worth-Arlington.
In fact, prices actually seem to be rising a bit - the median home price in the Dallas area has risen 1.7% over the past 12 months.
Even better news, the median price of a Dallas-area property is still only a modest $156,500. I may have mentioned already that this kind of money won't get you a good-sized doghouse in my native Washington, DC.
In fact, the reason why the Texas market is so steady is that the whole housing bubble seems to have passed right by the state. There was no insane inflation in prices, so now there's no gigantic "pop" as the bubble bursts. Texas still has plenty of room for everyone who'd like to live here, and at prices most folks can actually afford.
P.S.
The nice photo is from the Urban Cowboy (movie), starring John Travolta circa 1980.
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