Why Should I invest in Texas?Even better, why should I invest in The Dallas-Fort Worth Metroplex? The Lone Star State is known for its lower cost of living and ease of doing business, greater employment opportunities, and affordable housing..... Appreciation and Depreciation Swings in the US STRONG HOME PRICES GAINS-5 year annualized Price Growth as of Q2 2007 United States 7.8% Looks good, doesn't it?
Source: Fannie Mae 2007 NOT SO STRONG HOME PRICES GAINS- One year Home Price Growth as of Q2 2007 What Happened?
Source: Fannie Mae 2007 HOME PRICE GROWTH IN THE US AND DALLAS Year/Year Percent Change; US is in Blue and Dallas in Red See the Pattern?
Source: Fannie Mae 2007 US AND TEXAS APPRECIATION
Now , do you really see the pattern? Us and Texas Appreciation-purchase only index change year over year. Texas is in Yellow and US in Blue
Source: OFHEO University of Texas A&M HOUSING SCORECARD  Source: Texas A&M University 2007 end of year
•2006 peak of current housing cycle in Texas •Sales-transaction volumes down about 3%, probably 5 to 10% by year end – a return to long-term “norm”
•Home prices across the state continue to rise
•Significant and needed decline in new home construction – permits down about 30% from ’06
•Period of “easy credit, easy terms” over
•Biggest current threat to market is recession
•Long-term outlook for Texas is substantially positive over next 25 years
Source: TexasA&M University 2007 end of year
Texas MSAs Housing Scorecard 2006-2007
Source: TexasA&M University 2007 end of year
US AND TEXAS MEDIAN HOME PRICE
US & TEXAS HOUSING AFFORDABILITY
Ratio of Median Family Income to Required Income to Qualify for a Loan to Purchase the Median-Priced Home
Cost of Living Index by ACCRA It ranks a range of living expenses in major cities. The index measures differences among areas in the cost of of consumers services and goods, minus taxes and non consumers expenditures. It is also a measured of relative prices for consumer goods and services. The average is 100, and each participating index is read as a percentage of the average for all places. Even though prices have appreciated in texas in the last ten years, overall is an affordable place to live as of second quarter of 2005.
Dallas and Fort Worth Cost of living The next tables shows the cost of living in Dallas and Fort Worth. Assuming a salary of $60,000 in any city from the next table shows how much that would represent in Dallas and Fort Worth.
Source: ACCRA Population Growth & Demographic Overview Texas population will grow almost twice as much as the whole country. Growth and prosperity will spread throughout the estate but mostly in urban areas. •Texas is fastest growing state in absolute number of people
•Texas is a “younger” state than the US as a whole
•Immigration – foreign and domestic - is the major contributor to Texas population growth and probably is significantly undercounted
•Racial/Ethnic mix will reverse in the next 25 years
•Aging Boomers represent a primary force: An estimated 10,000 people a day will become eligible for Social Security benefits over the next two decades
US Population Growth 2007-2012
 Source: Global Insight, Inc. Averaging the projections results in an increase of 13.6 million people by 2030. Over the next 25 years, equivalent of adding: another Dallas-Ft. Worth metropolitan area, plus another Houston metropolitan area, plus
another San Antonio metropolitan area, plus another Corpus Christi
Projected US and Texas Population Tables
Employment Growth Top Job Creating States; Net New Job May 2006 to may 2007 Top Job Creating Markets; Net new jobs May 2006 to May 2007
More about where the economy is heading Read these presentations about Real Estate, The Economy; The US and Texas DFW Real Estate Forecast 2008 by Britt Fair at Hexter-Fair Title Company: THIS IS A MUST READ, DETAIL EXPLANATION ABOUT NORTH TEXAS MARKET
After reading these presentations you will understand better why there is a great opportunity to buy real estate in Dallas-Fort Worth.
This website has been designed for investors from investors. Here you will find many tools and relevant information for the professional investor as well as for someone new in real estate. Make sure you browse the Investor Services section to look at our array of services. Resources is a place where you can find advanced investment tools and up to date real estate information. Also, if you need a system to buy single home properties, please go to the INVESTMENT System link and follow the information. Our most popular service is our WEEKLY LIST OF WHOLESALE PROPERTIES.It is time to make some money and secure capital for your retirement. |
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