While many have reported the record gains that DFW has seen over the last 5-years have started to slow in their pace of increase, affordability continues to be a real problem for low-to-medium income households.  

Our record increases are easily reflected in the latest S&P/Case Shiller Index.  With local home prices up over 8.4%, Dallas' increase is almost twice that of the national average of 4.4%.  According to the Case Shiller Index, North Texas' record levels are almost 20% higher than our "peak" market in 2007!  While many of the economic fundamentals of the North Texas economy remain strong, many in our market are starting to grow weary of the increasing affordability gap. Despite Dallas being among the top three increases in the nation, many experts still consider the North Texas market a bargain compared to many other market areas around the nation. However, we are already starting to see signs of buyers (especially those that are long term residents) growing fatigued with rising sale prices compared to North Texas' more modest historic gains.

 

CHRISTIE CANNON  REALTOR

The Christie Cannon Team

Keller Williams Realty Frisco

469-951-9588: Mobile

 

Voted as one of the BEST Realtors in D Magazine for 2010-2016

Voted as a Five Star Professional 2012-2016 Texas Monthly Magazine

Name among America's Best Real Estate Agents by Real Trends Magazine

Among the top 250 Real Estate Teams in America as seen in The Wall Street Journal

Certified Luxury Home Marketing Specialist

Gobal Property Specialist

#1 Keller Williams Agent 2011-2015

Top 100 Agents in the Nation / KW