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Bill Thompson, REALTOR®

Appreciating Dallas

By: Bill Thompson, REALTOR®
Friday, May 30, 2008 12:34 AM

 In the news yesterday I saw that my market, Dallas and one other city were the only markets where home values actually appreciated. It was a modest increase but a welcome sign. Of course Dallas never went through the wildly inflated prices of the past few years either and that is a significant factor. Property values seem to be slow and stable here going up at very reasonable rates. In the long run that makes an area like this an ideal place to invest in real estate. It is the long term investment that pays off here, not the roller coaster ride.

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Comments

Gary Szolosi
Member Since '03

Gary Szolosi said:

Bill the fact that Dallas area did not see the wild ride is the reason you are in the right place. My area seen the wild ride but it has been three years ago! Last month was a 41% over the previous period a year ago. We have had three months of reducing inventory and although we are not seeing any increase in pricing we are seeing activity. That in and of itself is a plus.

I am hoping that our market will remain stable and not go wild with the crazy speculation that drove it in the ground three years ago. We now have affordable housing and a market that is conducive to growth and like Dallas we will see a return to normalcy.

May 30, 2008 12:29 AM
Jana Davis & Marcia Demerjian
Member Since '05

Jana Davis & Marcia Demerjian said:

Bill my analogy...

My market:

http://tinyurl.com/3okmal

The outcome:

http://tinyurl.com/6afsmj

Be Thankful!

Jana

May 30, 2008 4:05 PM
Gregory Bain
Member Since '03

Gregory Bain said:

Bill, I hope you are doing well. Here in NJ the latest report is rosy -

http://tinyurl.com/3tzcy5

Of course there has been a lot of response from many that "numbers don't lie, but liars use numbers".

I, personally see more people looking, but then my business is seasonal. I don't see any more activity in writing contracts and closing sales. But, that's just me.

May 30, 2008 6:56 PM
Nate Covington
Member Since '07

Nate Covington said:

Bill,

Idaho has been much like Texas.  We watched the wild ride in Vegas going on and on and on and on.  Now we see some people who lost their homes, moving to our neck of the woods, and I hope that scenario keeps going on and on! (of course we would like them to sell their homes first, instead of losing them).

Boise (largest city) is a little flat, but the rest of us are in double digits.

I even hired me an assistant, so I could take a Vacation this week.

May 30, 2008 10:37 PM
Bill Thompson, REALTOR®
Member Since '07

Bill Thompson, REALTOR® said:

Slow and steady wins the race I guess.

May 31, 2008 10:54 AM
Gregory Bain
Member Since '03

Gregory Bain said:

I thought it was, "he with the most listings wins"?

May 31, 2008 11:42 AM
Bill Thompson, REALTOR®
Member Since '07

Bill Thompson, REALTOR® said:

Yes Greg, "List to last" and all that ;-)

June 1, 2008 6:46 AM

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Bill Thompson, REALTOR®
Bill Thompson, REALTOR®

Bill Thompson, REALTOR®
Member Since '07

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